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Coral Reef

About Coral Reef

1,700,000 AED Starting Price from
776 Area from
(sq. ft.)
1-3BR Available Units
2028 Q1 Handover

Coral Reef is a luxury residential development with 1–3 bedroom apartments in Dubai Maritime City. The master developer of the complex is DAMAC Properties. The interior of the residences will be inspired by coral reefs. The 36-storey tower is being designed in partnership with Vincent Faudemer, a well-known artist from France.

The size of the properties ranges from 776 sq. ft to 1,815 sq. ft. You will be able to enjoy wonderful views of the Arabian Gulf and tropical gardens from your balcony.

The project will be equipped with multiple unrivalled amenities for all ages. These encompass:

  • Infinity swimming pools
  • Gym
  • Panoramic viewpoints
  • Concierge services
  • Mural pool
  • Lounge in reefs
  • Inflatable coral labyrinth
  • Beach cinema
Coral Reef
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Property Information

  • Location Dubai Maritime City, Dubai, UAE
  • Developer DAMAC
  • Status of Project In progress
  • Type of Project Residential Tower
  • Units 1-3BR Apartments
  • Area from 776 sq. ft.
  • Total Amount of Units 279
  • Payment Plan 70/30

Floor Plans of Coral Reef

Reflection Floor Plans

Floor PlanTypeUnit TypeCategoryTotal AreaStarting prices
1 BedroomApartment776 sq. ft.1,700,000 AED
2 BedroomsApartment1,197 sq. ft.2,527,000 AED
3 BedroomsApartment1,770 sq. ft.3,328,000 AED

Property Prices

As of Q3 2023, the starting price for a 1-bedroom apartment in Coral Reef is AED 1.7M (USD 463K).

*The price is valid for 2023

Payment Plan

24% On Booking
50% On Construction
30% Handover in Q1 2028

Location

Coral Reef is located next to Sheikh Zayed Road, providing seamless access to the remaining part of the city. Within just 20 minutes by car, you can get to Downtown Dubai, Business Bay, and Dubai International Airport, among other destinations.

It will take about 15 minutes by car to reach the following facilities:

  • Mina Rashid Shed 2
  • New Academy School
  • Little Diamond Nursery — Al Raffa
  • BurJuman Mall
  • Aster Hospital Mankhool
  • Heritage Village
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Economic Appeal

Those investing at least AED 750K (USD 204K) will become eligible for a 2-year visa. If the purchase amount is AED 2M (USD 545K) or more, you will become eligible for a 10-year Golden visa. Both of the visas will apply to your family, whilst a Golden visa will additionally cover domestic staff.

Dubai Maritime City offers a 4.8% ROI in 1-bedroom apartments. The initial rental cost in this neighbourhood is AED 85K (USD 23K) per year. The rental yields will increase with the development of the area, providing higher income.

*The price is valid for 2023

FAQ

Who is the developer of Coral Reef?

The developer of Coral Reef is DAMAC Properties.

What is the address of Coral Reef?

It is located in Dubai Maritime City.

What are the offered unit types?

There are 1–3 bedroom apartments for purchase.

What is the completion date of Coral Reef?

It is due for completion in Q1 2028.

What are the payment plans for Coral Reef?

You can take advantage of a 70/30 payment plan with a 20% booking fee.

How much does an apartment cost in Coral Reef?

It costs a minimum of AED 1.7M (USD 463K).

Can I get residency if I buy property in Coral Reef?

Yes, you can become a long-term resident.

What type of visa can I get when I buy a property?

You can obtain a 2- or a 10-year visa, which will cover your family as well.

Can a foreigner buy property in Coral Reef?

Any nationality can acquire property here, as the complex is freehold.

Is an apartment in Coral Reef a good investment?

It is a very good investment as Dubai Maritime City offers a 4.8% ROI in 1-bedroom apartments. The yield will grow with the development of the area.

Is Coral Reef a good place for living in Dubai?

It is a fantastic location for single individuals and young couples, with access to an abundance of amenities, such as a gym, panoramic viewpoints, concierge service, a mural pool, and more.

What are the pros and cons of living in Dubai Maritime City?

Dubai Maritime City provides easy access to New Academy School, Little Diamond Nursery — Al Raffa, BurJuman Mall, and Aster Hospital Mankhool. These destinations can be reached within a 15-minute driving range.

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  • [email protected]
  • +971 54 321 9259
  • Office 1913, Al Manara Tower,
    Business Bay, Dubai, UAE

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