About Coral Reef
Status
Under construction
Deadline
Q1 2028
Developer
DAMAC Properties
District
Dubai Maritime City
Squares
from 236 sq. ft.
Price
Status
Deadline
Developer
District
Squares
Price
The luxury-class residential complex, Coral Reef, forms a part of the multifunctional Dubai Maritime City development. It offers residents apartments in a 36-story skyscraper with one to three bedrooms, each designed with an ocean theme. The developer behind this project is DAMAC Properties. The core design concept revolves around marine reefs, and the renowned French artist Vincent Fodemer contributes to its development. The final completion of the entire project is scheduled for the beginning of 2028.
The size of each apartment ranges from 72 to 169 square meters, depending on the chosen option by the buyer. Living here provides the opportunity to admire the beauty of the surrounding nature, including tropical gardens and the Arabian Gulf, right from your balcony.
By investing in a purchase, Coral Reef residents become owners of a two-year Visa – provided the real estate payment is no less than AED 750,000 (approximately 204,000 dollars). The Gold Visa can be obtained by investing in Emirates’ real estate starting from AED 2 million (approximately 545,000 dollars). Both visa formats include the usage by all family members and allow the owner to bring their household staff to the Emirates.
The benefits of purchasing real estate in this residential complex are undeniable. Currently, the return on investment for apartments in the Dubai Maritime City area stands at 4.8%. Renting out property can begin at a starting price of AED 85,000 (approximately 23,000 dollars) and above. This presents a favorable prospect, as the area where the real estate is located constantly evolves, renews, and develops.
Property Types:
Apartments
first installment
20%
under construction
50%
on key handover
30%
Residing within the Coral Reef residential complex offers residents the opportunity to fully appreciate the preferences available to each individual. Among the most notable features are:
Additionally, residents of the complex have access to concierge services.
Pool
Sports Hall
Children playground
Barbecue area
24/7 security
Covered parking
Cafes and restaurants
Residents of the complex can easily reach almost any point in the Emirates with the help of the major highway, Sheikh Zayed Road, which is located nearby. Excellent transportation connectivity facilitates convenient movement throughout the emirate. The drive by car to Dubai International Airport and areas like Downtown Dubai and Business Bay will take no more than 20 minutes, assuming there is no heavy traffic.
In just about 5 minutes less, you can travel to other sought-after local destinations:
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