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:
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
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:
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
The developer of Coral Reef is DAMAC Properties.
It is located in Dubai Maritime City.
There are 1–3 bedroom apartments for purchase.
It is due for completion in Q1 2028.
You can take advantage of a 70/30 payment plan with a 20% booking fee.
It costs a minimum of AED 1.7M (USD 463K).
Yes, you can become a long-term resident.
You can obtain a 2- or a 10-year visa, which will cover your family as well.
Any nationality can acquire property here, as the complex is freehold.
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.
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.
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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