About Coral Reef
Status
Under construction
Deadline
Q1 2028
Developer
Damac
District
Dubai Maritime City
Squares
from 236 sq. ft.
Price
Status
Deadline
Developer
District
Squares
Price
The elite Coral Reef residential complex is a 36-story skyscraper offering apartments with 1-3 rooms, ranging in size from 72 to 169 square meters. This property is situated within the modern Dubai Maritime City area. The developer company, DAMAC Properties, paid special attention to a unique style and rich decoration that align with a maritime theme. During the interior and exterior design process, a team of professionals worked alongside the renowned French artist Vincent Fodemer, who took coral reefs as the main inspiration. The project is planned to be completed and operational by early 2028. All apartments include balconies with breathtaking views of tropical gardens and the Arabian Gulf.
The popularity of this residential complex stems from its advantageous investment potential. When purchasing property starting from AED 750,000 (approximately 204,000 dollars), the future owner gains the opportunity to obtain a 2-year visa, which can be extended. For those investing in luxurious apartments worth AED 2 million (approximately 545,000 dollars) or more, a ‘Golden Visa’ for 10 years can be granted. The benefits of investment in both cases not only include the visa but also extend to immediate family members. With the ‘Golden Visa’, the apartment owner can additionally bring all their supporting staff to the UAE.
Equally significant advantages include the property’s return on investment coefficient. In the Dubai Maritime City area, the return on investment for one-bedroom apartments corresponds to a coefficient of 4.8%. The starting price for annual property rent begins at AED 85,000 (approximately 23,000 dollars). Considering the gradual development of the area and the growing demand for residential real estate, such an investment proves to be highly promising.
Property Types:
Flats, Apartments
first installment
20%
under construction
50%
on key handover
30%
For the attention of all residents and apartment owners in the Coral Reef residential complex, the following list of current amenities and additional services is provided:
Pool
Sports Hall
Children playground
Barbecue area
24/7 security
Covered parking
Cafes and restaurants
The Coral Reef residential complex boasts a convenient location, as it is situated near the popular Sheikh Zayed Road highway. This means that apartment owners can quickly access other areas of the city. Whether by taxi or private car, reaching the Dubai International Airport, one of the city’s main areas, Downtown Dubai, or the business district, Business Bay, takes no more than 20 minutes of travel time.
By dedicating 15 minutes of your time by car or taxi, you can easily reach:
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