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CORAL REEF APARTMENTS

CORAL REEF APARTMENTS

Properties for Sale
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1 657 000 AED - 4 591 000 AED
Location Maritime City, Dubai
Type Development
Completion date I quarter, 2028 (Off-plan)
Living space 72 - 168 m²
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Advantages
Type of buildings:
Luxury
Prestigious neighborhood
Maritime City
Eco-friendly area
Move-in ready apartments
State-of-art architecture

Coral Reef Apartments in Dubai

The major developer Damac Properties has recently announced its new ultra-premium project - Coral Reef Apartments in Dubai, UAE. The tower will be located in Dubai Maritime City, a charming waterfront community. The building will comprise the following:

  • A ground floor with a lobby
  • A six-storey podium
  • 48 residential floors
  • A rooftop level

Coral Reef Apartments by Damac Properties offers one- to three-bedroom apartments and numerous public areas that include an outdoor terrace with an infinity pool. The coral-inspired interior of the building will become the epitome of luxury and exquisite style.

The project’s completion is scheduled for Q1 2028. When purchasing an off-plan home in Coral Reef Apartments, prices from the developer are particularly enticing - AED 1.66 million (USD 452,000).

Coral Reef Apartments in Dubai Maritime City

The new complex is located right on the waterfront of the Dubai Maritime City Peninsula to provide quick access to the promenade and beach.

The peninsula is connected to mainland Dubai by an isthmus. The nearest district Al Mina is only an eight-minute drive from the complex. It takes approximately the same time to reach iconic landmarks such as the Jumeirah Mosque and the Dubai Frame observation deck.

The major Sheikh Zayed Road (E11) is a 10-minute drive away. It runs along the entire coast of the Persian Gulf and leads to the popular districts of Dubai Marina and Palm Jumeirah. It takes 20 minutes to reach Downtown Dubai with the Dubai Mall - one of the largest malls in the city and home to a genuine ice rink. The renowned Burj Khalifa and other popular sights are also in this area.

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Location

  • 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

Features

  • Panoramic windows
  • Panoramic glazing
  • Balcony
  • Terrace
  • Luxury real estate
  • New development project
  • New project
  • Tap water
  • Electricity
  • Driveway to the land plot

Indoor facilities

  • Recreation area
  • SPA centre
  • Fitness room
  • Pilates and yoga room
  • Elevator

Outdoor features

  • 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
more

Real estate in Coral Reef Apartments

Privileges

As in many off-plan projects, in Coral Reef Apartments, the key advantages include an exclusive designer interior and premium amenities on the premises. Residents of the tower will enjoy luxurious living with access to the following:

  • Large infinity pool that is lit up at nighttime;
  • Exclusive swimming pool with ornamental frescoes;
  • State-of-the-art gym with sea views and designer décor;
  • Spa complex;
  • Beach with an open-air cinema;
  • Inflatable maze shaped like a coral reef;
  • Fish restaurant;
  • Lavish coral-styled lounge area.

Apartments in Coral Reef Apartments

Regarding the apartments for sale, Coral Reef Apartments offers three options - homes with one, two and three bedrooms and a total floor area of 72 to 169 square metres. The residences will feature panoramic windows and spacious balconies with staggering views of the sea, the cruise terminal and the city’s waterfront areas. The interiors will be painted in light-beige shades, a perfect background to the striking decorative coral-coloured elements.

One of the features of the new complex is the unique interior created in collaboration with famous French artist Vincent Faudemer who sculptured the Little Prince and the Babar Elephant. Babolex figures by this artist are another popular interior decoration. The French visionary developed several unique sculptures specifically for Coral Reef Apartments in Dubai Maritime City that’ll become exclusive ornaments in public areas and homes.

Coral Reef Apartments by Damac Properties

The new project has only recently been launched, which means that now is the best time to buy properties in Coral Reef Apartments for investment. Dubai Maritime City is an emerging, actively developing district, so the price of local homes has not yet reached its peak. By the time the project is completed, their value will rise by 20–30%. Once the tower is commissioned, investors will be able to resell their property at a profit or lease it out. The return on residences in Dubai Maritime City is currently 4.8% per annum on average, while the rents on the one-bedroom apartments start at AED 90,000 (USD 24,500).

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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
Dubai Maritime City

Dubai Maritime City is an emerging mixed-use neighbourhood located on an artificial peninsula next to the old part of Dubai. The community area includes a commercial zone with business centres, shops, and premium residential developments, as well as an industrial micro-district with ship repair shops, workshops, dry docks, and warehouses.

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FAQ
Who is developing Coral Reef Apartments?
This upscale project is being developed by Damac Properties, a major construction company that has been active in the real estate market of the United Arab Emirates since 2002.
Where is Coral Reef Apartments located?
The high-rise complex is being built on the shore of the Persian Gulf on the Dubai Maritime City Peninsula.
What property types are available?
One- to three-bedroom apartments will be available in the residential complex.
When will the construction of Coral Reef Apartments be completed?
The project’s commissioning is scheduled for Q1 2028.
Are instalment plans available for off-plan properties for sale in Coral Reef Apartments?
The developer offers interest-free instalment plans to off-plan buyers, where they can pay 70% of the cost during the construction and the remaining 30% after the commissioning of the building.
How much are the apartments in Coral Reef Apartments?
The cheapest apartment in the new off-plan building costs AED 1.66 million (USD 452,000).
Can foreigners buy real estate in Coral Reef Apartments?
Expats can have full private ownership rights on local properties.
Is residency granted for purchasing flats in Coral Reef Apartments?
Buying even the cheapest residence in the new development ensures that the owner is eligible for a two-year UAE residence visa.
What lifestyle can residents of Coral Reef Apartments expect?
The stylish design, access to a waterfront promenade, the beach and high-end amenities, as well as the staggering views of the sea, guarantee that residents of the new tower will lead a comfortable resort-style life.
What are the advantages and disadvantages of living in Dubai Maritime City?
Dubai Maritime City is a mixed-use community with residential and commercial properties, a ship-repairing dock and commodity warehouses. It’s located on a peninsula, so residents can enjoy a comfortable microclimate and relax on the beaches and waterfronts. At the moment, some of the district’s projects are in the implementation stage, but once the construction is fully completed, the peninsula will become an attractive place for resort leisure and living for businesspeople and employees of the maritime trade and shipping industry.
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