Coral Reef is a residential development in the developing area of Dubai Maritime City. Residents can choose a real estate unit from 1–3 bedroom apartments with spacious balconies overlooking the Gulf and tropical gardens. Coral Reef will be especially appreciated by those wishing to live in close proximity to key areas and iconic sights of Dubai
AED 1,65M
STARTING PRICE
Easy 70/30
PAYMENT PLAN
Q1 2028
HANDOVER
IN A NUTSHELL
Coral Reef is a residential development in the developing area of Dubai Maritime City. Residents can choose a real estate unit from 1–3 bedroom apartments with spacious balconies overlooking the Gulf and tropical gardens. Coral Reef will be especially appreciated by those wishing to live in close proximity to key areas and iconic sights of Dubai
Gymnasium
& Fitness
Smart Home
System
Infinity
Pools
Yacht
Marina
Gymnasium
& Fitness
Smart Home
System
Infinity
Pools
Yacht
Marina
DAMAC Coral Reef in Dubai Maritime City
Coral Reef, located in Dubai Maritime City (DMC), is a residential development ideal for family living. The project was created by DAMAC Properties, an Emirati developer known for its luxury communities and projects such as DAMAC Lagoons, DAMAC Hills, DAMAC Bay by Cavalli, Elegance Tower and more. The project is planned to be completed in Q1 2028.
The G+P6+48+R tower is being designed in collaboration with Vincent Faudemer, an established artist from France also called “the “Little Prince of contemporary art”. He creates sculptures influenced by The Little Prince, Babar and other characters. The Babolex figures by Vincent Faudemer are popular among famous people, and the occupants of Coral Reef will also be impressed by the exclusive, one-of-a-kind sculptures, located throughout the communal spaces and in the residences.
Among residences available for purchase in Coral Reef are 1–3 bedroom apartments with living areas ranging from 776 sq. ft to 1,815 sq. ft. From the spacious balconies, ideal for relaxing with your close ones, occupants will be able to enjoy stunning views of the Arabian Gulf and tropical gardens.
Residents of Coral Reef will be offered endless entertainment and leisure options right on the territory of the development. Among them are an infinity LED pool, a mural pool, a lounge in reefs, a gymnasium, a spa with a restaurant, an inflatable coral labyrinth, a beach cinema and more to come.
25 Minutes
to Downtown Dubai
30 Minutes
to Dubai Marina
20 Minutes
to DXB Airport
50 Minutes
to DWC Airport
Coral Reef is nestled in Dubai Maritime City (DMC). The area consists of several clusters, including a business centre with entertainment activities called Maritime Centre, the Industrial Precinct with a ship repair complex, an Academic Quarter for professionals in the marine industry, a marina service area called Marina District, and Harbour Residences and Harbour Offices.
Living in Coral Reef will let you enjoy easy access to key areas of Dubai. Thus, travel time to Downtown Dubai and Business Bay will take 25 minutes, while Dubai International Airport will be reachable within 20 minutes.
Families with children might be interested in Cambridgeshire Nursery, Dubai Gem Crèche and Nursery, New Academy School, Ambassador School and more. Residents of Coral Reef will be able to get professional medical help in Aster Hospital and International Modern Hospital.
Among the closest leisure destinations to Coral Reef are La Mer Beach, Etihad Museum, Dubai Frame and Burj Khalifa, reachable within 10–25 minutes. The nearest shopping destinations, located within a 20-minute drive, include BurJuman Mall, City Centre Al Shindagha and Dubai Mall. Buying a residence in Dubai Maritime City (DMC) is an ideal investment opportunity. The average ROI in a 1-bedroom apartment in the area is 4.8%. This type of a residence can be rented out from AED 88K (USD 24K) per year.
Spending over AED 750K (USD 204K) on a residence in Coral Reef also lets you apply for a 2-year investor visa. Buying a real estate unit costing over AED 2M (USD 545K) enables you, your family members and household staff to get a 10-year Golden Visa.
Exteriors
Interiors
Exteriors
Interiors
1-Bedroom
2-Bedroom
3-Bedroom
1-Bedroom Apartments
2-Bedroom Apartments
3-Bedroom Apartments
1-Bedroom Apartments
2-Bedroom Apartments
3-Bedroom Apartments
20%
On Booking
50%
On Construction
30%
On Handover
Frequently Asked
Questions & Answers
What is the location of DAMAC Coral Reef?
Coral Reef is located in Dubai Maritime City (DMC), on the shores of Old Dubai, across Mina Rashid and close enough to the key areas of the emirate.
What are the property types offered in DAMAC Coral Reef?
Among residences on offer in Coral Reef are 1–3 bedroom apartments.
Is DAMAC Coral Reef a good investment?
Coral Reef is a perfect investment tool. Units here will be in demand among tenants. The average rental yield in Dubai Maritime City (DMC) for a 1-bedroom apartment is 4.8%. This type of a unit can be rented out from AED 88K (USD 24K) annually.
How much does a property in DAMAC Coral Reef cost?
As of Q3 2023, the initial cost of a 1-bedroom apartment in Coral Reef is AED 1.7M (USD 463K).
What are the nearest schools to DAMAC Coral Reef?
The closest schools to Coral Reef include New Academy School and Ambassador School.
What are the available amenities in DAMAC Coral Reef?
Residents of Coral Reef will have access to an infinity LED pool, a lounge in reefs, a gymnasium with modern equipment, a spa with a restaurant, an inflatable coral labyrinth, a beach cinema, etc.
What is the transport accessibility like surrounding DAMAC Coral Reef?
As of Q3 2023, the public transportation system isn’t developed in the surroundings. However, in case you have a car, you will be able to get to Downtown Dubai within a 25-minute drive.
Is DAMAC Coral Reef popular among families?
Coral Reef will be in high demand among families with children. Spacious residences with large balconies and thoughtful layouts, as well as a wide range of luxury amenities on the territory of the community and easy connection to social infrastructure objects will be appreciated by future residents of the development.
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Yulia Berezhnaya
Senior Sales Advisor
of Metropolitan Premium Properties
+971 58 648 8888
Office 1913, Al Manara Tower
Business Bay, Dubai, UAE