Coral Reef by DAMAC Properties

Coral Reef is a G+P6+48+R residential tower in Dubai Maritime City (DMC). It’s an ideal choice for those wishing to emerge into resort-like living in one of the most developing areas of Dubai.

The tower is being created in collaboration with one of the most famous contemporary artists — Vincent Faudemer, known for figurative sculptures influenced by childhood heroes. Residents of Coral Reef will be able to enjoy amazing Babolex sculptures around the building, including in the residences, the impressive lobby and other shared spaces.

Future residents can choose a unit from 1–3 bedroom apartments. Their living areas range from 776 sq. ft to 1,815 sq. ft. From the large balconies, you will be able to enjoy amazing views of the surroundings and the Arabian Gulf. The kitchen will come with cabinets, a stone countertop and branded appliances, which will include a kitchen hood, a cooker and a refrigerator. Bedrooms will feature built-in wardrobes or walk-in closets.

Top project for life and investment

GALLERY

As of Q3 2023, the initial price of a 1-bedroom residence in Coral Reef is AED 1.7M (USD 463K).

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Coral Reef is located in Dubai Maritime City (DMC), a desirable location at a distance from the hustle and bustle of the centre of Dubai, minutes away from Mina Rashid. Travel time to Business Bay and Downtown Dubai, key areas of the emirate, takes 25 minutes by car.

Within a 10–25 minute drive you will get to:

• Cambridgeshire Nursery and Dubai Gem Crèche and Nursery
• New Academy School and Ambassador School
• Aster Hospital and International Modern Hospital
• La Mer Beach
• Queen Elizabeth 2, Dubai Museum, Etihad Museum, Dubai Frame and Burj Khalifa
• BurJuman Mall, City Centre Al Shindagha, Mercato Shopping Mall and Dubai Mall

Dubai International Airport is accessible within 20 minutes by car, while travel time to Al Maktoum International Airport is about a 45-minute drive.

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Occupants of Coral Reef will be amazed by the wide range of premium amenities located on the territory of the complex. They include:

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Coral Reef is an ideal place for living, and will be appreciated by single professionals wishing to start a business in the freehold zone of Dubai Maritime City (DMC), as well as couples and families with children wishing to emerge into harmonious waterfront living. Premium resort-like amenities and Babolex characters across the development will make Coral Reef one of the most popular projects in the area and the whole emirate.

A residence in Coral Reef can also become an ideal investment tool. Units in the development will be in high demand both for short- and long-term periods. The average rental yield for a 1-bedroom residence in Dubai Maritime City (DMC) is 4.8%. You will be able to rent this type of property out from AED 88K (USD 24K) annually. Another way to make a profit is to resell the property after the completion of the project.

Becoming an owner of a residence in Coral Reef will enable you to apply for a 2-year investor visa or 10-year Golden Visa, depending on the price of the property. Visas can be prolonged if you remain the owner of the residence.

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On Constuction

50%

On Booking

20%

Handover

30%

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