Coral Reef by DAMAC Properties
Business Bay, Dubai
project Overview for Coral Reef
AED 1,700,000
Starting Price
70/30%
Payment Plan
20%
Booking Fee
StatusUnder Construction
Completion Date31 Mar 2028
Shawad Mohammad
Agent
Development Details & Types
36
279
776 - 1,815 sq.ft
1 Bedroom-3 Bedrooms
About Coral Reef
Dive into Luxury at Coral Reef, Dubai Maritime City
Coral Reef, a prestigious residential development by DAMAC Properties, offers an unparalleled living experience in Dubai Maritime City. This 36-story tower boasts 1 to 3-bedroom apartments, meticulously designed with interiors inspired by vibrant coral reefs. Collaborating with renowned French artist Vincent Faudemer, the building’s architecture promises a unique and stylish aesthetic.
Apartments range from 776 to 1,815 sq. ft., providing breathtaking Arabian Gulf and tropical garden views from spacious balconies. Smart layouts maximize natural light and create elegant living spaces, blending contemporary design with sophisticated finishes.
Experience Dubai Maritime City's Premier Address
Residents enjoy convenient access to Sheikh Zayed Road, connecting them to Downtown Dubai, Business Bay, and Dubai International Airport within a 20-minute drive. Nearby amenities, including Mina Rashid Shed 2, New Academy School, Little Diamond Nursery, BurJuman Mall, Aster Hospital Mankhool, and Heritage Village, are all within a 15-minute drive.
Explore the Lifestyle & Amenities at Coral Reef
Gym
Running Tracks
Cycling Tracks
Explore the premium amenities and features
Check how they align with your lifestyle and investment goal.
A Closer Look at the Features of Coral Reef
Balcony
Built-in Wardrobes
Central A/C
Open Kitchen
Experience the Views from Coral Reef
Property Layout & Floor Plan for Coral Reef
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![[object Object]](https://images.profoundproperties.com/eyJidWNrZXQiOiJwcm9mb3VuZC1zdG9yYWdlIiwia2V5IjoicHJvamVjdC9pbWFnZXMvMTQyYjU3MjEtZDEwMC00MTI2LWFmYzUtNTJjZTgwNzY3YmNjLnBuZyJ9?w=3840&q=99)
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Flexible Payment Plan Details For Coral Reef
AED 1,700,000
Starting Price
1 Bed
Bedroom
Down Payment
AED 340,000
Under Construction
AED 850,000
Handover
AED 510,000
Download the payment plan for Coral Reef
Detailed Payment breakdown for 1 Bed
On Booking
AED 340,000
On Construction
AED 850,000
Handover in Q1 2028
AED 510,000
About DAMAC Properties Developer
DAMAC Properties is a leading real estate developer in the Middle East, established in 2002. They have transformed the luxury property market in the region with iconic projects across the UAE, Jordan, Saudi Arabia, Qatar, Turkey, Lebanon, and the UK. With a portfolio of over 35,000 completed projects and 30,000 more underway, DAMAC is renowned for its innovative designs, high-quality construction, and partnerships with global luxury brands like Versace, Cavalli, Paramount, and Fendi. Their mission is to position the UAE as a global hub for trade, hospitality, and lifestyle.
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Master Plan Community
About Dubai Maritime City
Maritime Hub
Area LifestyleMaritime Museum
Landmark
Dubai Maritime City (DMC) is a business zone dedicated to the maritime, commerce, and trade industry, strategically located between Port Rashid and Dubai Drydocks World on a man-made peninsula.
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Stay updated with the latest transactions report for Dubai Maritime City in Dubai. Gain insights to guide your property investments.
Coral Reef Connectivity & Accessibilities
Port Rashid
Dubai Museum
Nikki Beach
Al Fahidi Historical Neighbourhood
Etihad Museum
Sheikh Mohammed Centre for Cultural Understanding
Abra Water Taxis
BurJuman
Zabeel Park
Dubai Frame
La Mer Beach
Dubai Garden Glow
Dubai World Trade Centre
Museum of the Future
Emirates Towers
Mercato Shopping Mall
Mercato Beach
Wafi Mall
Dubai International Financial Centre (DIFC)
Deira City Centre
Coral Reef Location & Surroundings
Stay Informed
Get insights into why Dubai Maritime City in Dubai is gaining attention. Learn about future developments and its growth potential.
Project Status and Details for Coral Reef
Status
Completion Date
No. of Floors
Total Units
Developer
Discover Dubai Real Estate in One Click: Your Fast Track Guide to Property Opportunities
Dubai's real estate market is full of opportunities for buying, selling, renting, and investing. In 2023 alone, the market saw over AED 407 billion in sales, attracting buyers from around the world. Dubai's prime location, business-friendly environment, and zero property taxes make it the top choice for real estate investments. This guide is designed to help you take advantage of the best opportunities in the Dubai real estate market.
Answer a few simple questions to discover exclusive insights and opportunities just for you. Let's start your journey to finding the perfect property in Dubai!
FAQ
Who developed Coral Reef?
DAMAC Properties is the esteemed developer behind Coral Reef.
Where is Coral Reef located?
Coral Reef is situated in the vibrant Dubai Maritime City.
What types of units are available?
Choose from a selection of exquisitely designed 1, 2, and 3-bedroom apartments.
When will Coral Reef be completed?
The anticipated completion date is Q1 2028.
What payment plans are offered?
A flexible 70/30 payment plan is available, with a 20% booking fee.
What is the starting price for an apartment?
Prices start from AED 1.7M (USD 463K).
Can I obtain residency by buying property here?
Yes, you're eligible for a 2-year visa with a purchase of AED 750K (USD 204K) or more, and a 10-year Golden Visa for purchases of AED 2M (USD 545K) or more. These visas extend to your family and domestic staff (Golden Visa).
Is Coral Reef a good investment?
Absolutely! Dubai Maritime City provides a promising 4.8% ROI on 1-bedroom apartments, with annual rental yields starting at AED 85K (USD 23K), projected to increase with area development.
Is Coral Reef a good place to live?
Coral Reef offers an exceptional lifestyle for individuals and couples, with easy access to schools, malls, hospitals, and various entertainment venues. The abundance of amenities within the development further enhances its appeal as a desirable place to call home.
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1618, The Binary Tower, Business Bay, Dubai, UAE, P.O. Box No. 418125. Phone Number: +971 543662210
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