Property for sale in
CORAL REEF APARTMENTS
About CORAL REEF APARTMENTS
ShareLocation
Developer
Property status
New project
Type of property
Development
Project ID
35015
Distance to the sea
100 m
Payment plan
70/30
ShareCoral Reef by Damac Properties
Coral Reef in Dubai, UAE is a new development in the Dubai Maritime City resort community on the Persian Gulf. The tower includes 48 residential floors and a six-level podium with public spaces. Featuring spectacular design and iconic Babolex sculptures, the project is a collaboration between developer Damac Properties and renowned artist Vincent Faudemer. Exquisite apartments ranging from 72 to 169 sq. m with one to three bedrooms are available for purchase. The price of the residences starts at AED 1.66 million (USD 452,000). Completion is scheduled for 2028.
Location
Coral Reef in Dubai Maritime City is located close to the beach, promenade, and Sheikh Rashid Road, which leads to the city’s main road artery, Sheikh Zayed Road. Thanks to the convenient road interchange, residents will have easy access to any neighborhood in the emirate.
The new resort community is being built in close proximity to the sea and other popular communities. Dubai International Airport, Downtown Dubai with the Burj Khalifa skyscraper, and the Business Bay district are all within a 20–25 minute drive. Popular shopping centers such as Bur Juman and Dubai Mall can be reached in 15–20 minutes.
Properties in Coral Reef for investments
Real estate in Coral Reef is an excellent option for investments, primarily due to its location. Dubai Maritime City is an exclusive area where there is no old-stock real estate and ill-conceived public spaces. The neighborhood is being built in accordance with the new requirements and standards of the premium class.
After construction is completed, apartments in Coral Reef will increase in price by 20–30%. In addition, the value of the asset will continue to grow even after the project is handed over. Over 2022, finished apartments in the emirate rose in price by 14%. The cost of properties in Dubai in developing locations is growing especially fast. As new infrastructure appears in the community, prices here will increase, and for the investor, it is a great opportunity to earn on resale in a few years.
For those looking to buy apartments in a new development to rent out, the annual returns will be significant. According to forecasts, real estate in Dubai Maritime City will bring owners an income of at least 5.8% per annum for apartments with two bedrooms and 6% for one-bedroom units. The maximum return can be obtained if you buy an apartment with three bedrooms in Coral Reef. In this case, the potential ROI is 8.7%.
Project details
Close to the beach
Close to the countryside
Prestigious district
Great location
River harbour nearby
Close to a river or promenade
Sea nearby
Sea view
City view
Panoramic view
Beautiful view
Panoramic windows
Panoramic glazing
Balcony
Terrace
Luxury real estate
New development project
New project
Tap water
Electricity
Driveway to the land plot
Recreation area
SPA centre
Fitness room
Pilates and yoga room
Elevator
Barbecue area
CCTV
Security
Landscaped garden
Landscaped green area
Social and commercial facilities
Community garden
Car park
Garden
Well-developed facilities
Swimming pool
Common area with pool
Running track
Sports ground
Shop
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Payment plan
Payment number
Phase
Payment (%)
1st Instalment20%
On Booking
20%
2nd Instalment50%
During construction
50%
3rd Instalment30%
On Completion
30%
Benefits of buying property in Como Residences
Apartments in Coral Reef
The complex offers a collection of 279 residences ranging from 72 to 169 sq. m with one, two, or three bedrooms, exclusive design, furniture, and appliances. Kitchens will be equipped with a refrigerator and a stove. The bedrooms will have built-in closets or separate dressing rooms. Finishes in light colors are complemented with coral and azure accents, elements of glass, and golden metal. Each apartment will feature unique decor, lighting, fixtures, and textiles. The apartments’ floor-to-ceiling windows and spacious balconies offer beautiful views of the Persian Gulf and marina, or the coastal communities and the famous Dubai skyline.
Privileges
This is the first time Damac Properties has collaborated with renowned French artist Vincent Faudemer. His unique Babolex sculptures are part of Coral Reef’s design. The design of the complex reflects the beauty of the underwater world and sea corals.
Residents of the luxury apartments will have access to many world-class resort amenities, including:
- Cascade of pools
- Infinity pool with illumination
- Spa area
- View gym with designer decoration
- Beach movie theater
- Coral maze
- Seafood restaurant
- Luxurious lobby with a lounge area.
Contact via WhatsApp
Don't miss the opportunity to be part of this new story and enjoy the true luxury of living in a state-of-art home by a world-renowned developer Damac Properties
Location
Central Mall
6 km
School
4 km
ATM machine
2.5 km
Burj Khalifa
11.5 km
Pharmacy
3.5 km
Airport
13 km
Museum of The Future
7.5 km
Sea
100 m
FAQ
Who is the developer of Coral Reef?
Damac Properties is the developer of the project.
Where is Coral Reef located?
The project is located in the Dubai Maritime City community.
What are the types of properties for sale in Coral Reef?
The complex offers one-, two-, and three-bedroom apartments.
What is the completion date for Coral Reef?
Construction is scheduled to be completed in 2028.
Can I buy a flat in Coral Reef in installments?
Buyers are offered a 70/30 payment plan where 70% of the value is paid during construction and 30% is paid upon its completion.
What is the price for residences in Coral Reef?
If you buy a one-bedroom apartment in Coral Reef, the price from the developer will be AED 1.66 million (USD 452,000).
Can I get UAE residency status for investing in Coral Reef real estate?
Investors who purchase apartments in the new complex will be able to obtain resident visas for two or five years.
Can a foreigner buy property in Coral Reef?
Citizens of any country can purchase real estate in Coral Reef.
Will Coral Reef provide a comfortable life in Dubai?
Stylish design by Vincent Faudemer, gorgeous sea views, proximity to the beach, and the availability of a variety of amenities such as a lighted pool, spa, and seaside restaurant will provide residents with luxurious resort-style living.
What are the pros and cons of living in Dubai Maritime City?
The main advantage of the community is its proximity to the sea and good transportation accessibility. At the same time, the community is not yet fully completed, so some social infrastructure may not be available. Everything you need can be found within a 15–20 minute drive.
Developer
15
Objects completed
40
Objects in work
2002
Founded in
DAMAC Properties has been shaping the Middle East's luxury real estate market since 2002. To date DAMAC has delivered c. 43,700 quality homes, with c. 28,000 more under way.
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