Oceanz by Danube: Into Maritime City for 10% Down
Danube Properties launched Oceanz in Dubai's Maritime City district. The development spans three named towers (A, B, C) and a fourth building, all delivering apartments. Construction started in March 2024, with March 2027 as the target handover. Delivery is roughly six months away, which gives this project an unusual characteristic: the entry structure of an off-plan product combined with a very short wait to handover. 10% down secures a unit that should be ready in around six months.
Getting In for 10%
| Stage | % |
|---|---|
| Down payment | 10% |
| During construction | 54% |
| Handover | 1% |
| Post-handover | 35% |
A 10% down payment is a low starting point for an off-plan purchase. The construction phase requires 54% across milestones running through to March 2027. With handover six months away, the remaining construction milestones fall within a short window. At handover, only 1% is due. The remaining 35% pays after possession.
That post-handover structure is the meaningful number here. A buyer takes the keys having committed just 65% of the total price. The remaining third continues on a post-handover schedule, which reduces the capital required at the point of receiving the unit. On the entry-level studio at AED 1.2M, that post-handover balance comes to AED 420,000.
What AED 1.2M to AED 4.2M Covers
The price range is AED 1.2M to AED 4.2M. The spread maps directly to unit type:
- Studios: from AED 1.2M (815 sq ft, Tower A)
- 1-bedrooms: from AED 1.95M (717 to 916 sq ft, across Towers A, B, and C)
- 2-bedrooms: from AED 2.9M (1,440 sq ft)
- 3-bedrooms: from AED 4.2M (Tower B, 745 to 874 sq ft)
The studio buyer and the three-bedroom buyer are each making a different call. At AED 1.2M, this is likely an investor or a single resident entering at the lower price point. At AED 4.2M, the buyer wants a three-bedroom apartment and is prepared to pay for the Maritime City position. The 1-bedroom segment at AED 1.95M is probably the broadest-appeal tier: enough space for a couple, at a price point that suits both owner-occupiers and investors.
Maritime City: The Location Case
Maritime City runs along Dubai's southern coastline, between Port Rashid and the city's commercial core. It is an emerging residential district positioned on the water. The immediate surroundings include port infrastructure alongside newer residential and mixed-use development.
Downtown Dubai and Business Bay are around 15 to 20 minutes by car from here. Dubai International Airport is roughly similar in driving time. The area does not have the pedestrian infrastructure of established communities like JBR or Dubai Marina; residents drive for daily needs. The district has waterfront access and proximity to the city centre as its primary location arguments.
Seven Amenities, Three Pools
| Category | Amenities |
|---|---|
| Water | Infinity Pool, Shared Pool, Children's Pool |
| Recreation | Gymnasium, Landscaped Gardens, Children's Play Area |
| Dining | Restaurants |
Three distinct pool types: an infinity pool, a general shared pool, and a dedicated children's pool. Each serves a different user group without overlap. On-site restaurants add a permanent dining option within the development.
The gym, landscaped gardens, and children's play area round out the facility set. The combination of adult leisure infrastructure and dedicated family facilities points to a resident mix of working professionals and families with children.
March 2027 Handover
Handover is expected in March 2027. Construction began in March 2024. This is a three-year build cycle, now entering its final six months. For buyers entering now, delivery is near. The 35% post-handover allocation means the full purchase price is not settled at handover: payments continue after possession. A buyer who commits today and takes the keys in March 2027 will still owe roughly a third of the total price after handover, spread over the post-handover payment schedule.
