Apartments · Dubai Maritime City
Coral Reef
by Damac Properties · Dubai Maritime City
Step into the enchanting realm of Coral Reef, where Damac Properties presents a symphony of luxury living within Dubai Maritime City. This distinguished residential project is a testament to the art of opulent living, seamlessly blending artistry and comfort. Nestled…
Listed 21 Mar 2025
Off-planSource: developer listing, last verified .
DLD verification pendingOverview
About Coral Reef
Step into the enchanting realm of Coral Reef, where Damac Properties presents a symphony of luxury living within Dubai Maritime City. This distinguished residential project is a testament to the art of opulent living, seamlessly blending artistry and comfort. Nestled along the waterfront, Coral Reef beckons with its exceptional 1, 2 & 3 bedroom apartments housed within a 48-story architectural masterpiece. Coral Reef’s affiliation with acclaimed French artist Vincent Faudemer sets it apart. This collaboration brings to life the iconic Babolex sculptures conceived exclusively for this development. Vincent Faudemer’s contemporary artistry finds its place within the tower, redefining the boundaries of creativity and luxury. Beyond the artistry, Coral Reef offers a wealth of waterfront amenities, serene beach areas, and captivating vistas, presenting an unparalleled living experience at the heart of Dubai. Each detail, from meticulously designed interiors to top-tier amenities, resonates with luxury.
Highlights
Why buyers look at this project
- High-rise 48-storey development with luxury 1, 2 & 3 bedroom apartments.
- Limited-editions famed Babolex just for this exclusive project, Exclusive waterfront location at Dubai Maritime City.
- Breathtaking waterfront views of the Gulf and Dubai skyline.
- Private beach areas and waterfront promenade for leisure and relaxation.
- Connectivity to Dubai’s key attractions and business sectors is seamless.
- Carefully built shared spaces that generate a sense of community, Payment options that are flexible to meet the financial needs of potential buyers.
Details
Project details
- Starting Price
- AED 1,600,000
- Payment Plan
- 70/30
- Property Types
- Apartments
- Developer
- Damac Properties
- Handover
- 2028
- Bedrooms
- 1, 2, 3
- Location
- Dubai Maritime City
- Status
- Off-plan
Gallery
Renders and views
Developer renders and photos as published. Drag or swipe for more.
Amenities
Amenities
Coral Reef offers an exceptional array of world-class amenities designed to enhance every aspect of modern living.
- Beyond its artistic charm
- Coral Reef beckons with an array of waterfront amenities
- tranquil beachfront zones
- and breathtaking views
- offering an unmatched living encounter within Dubai's core. Every facet
- from thoughtfully crafted interiors to premier facilities
- exudes refined luxury.
Payment plan
How the price is paid
70/30
How 70/30 plans workStep 1
During Construction
70%
≈ AED 1,120,000 on the starting price
Step 2
On Handover
30%
≈ AED 480,000 on the starting price
Post-handover payment plans may be available. Contact our specialists for customized financing options.
Amounts are indicative, calculated on the published starting price. The 4% DLD registration fee and admin fees are extra.
Unit types
Units and floor plans
Floor plans are sent on request, with current availability and the exact price list.
1 BR Apartment starting from 776 Sqft
- Area
- 943 Sqft
Request floor planClose
2 BR Apartment starting from 1,197 Sqft
- Area
- 1,399 Sqft
Request floor planClose
3 BR Apartment starting from 1,770 Sqft
- Area
- 1,815 Sqft
Request floor planClose
Location
Dubai Maritime City and connectivity
Coral Reef’s strategic location within Dubai Maritime City adds another layer of allure. With easy access to Dubai’s major attractions, business centres, and leisure destinations, this development places the city’s vibrant pulse within effortless reach. Seamlessly connected to Sheikh Zayed Road and major transportation networks, commuting is a breeze, ensuring a convenient and easy lifestyle.
About the area
Dubai Maritime City
17 projects listed in Dubai Maritime City
Dubai Maritime City is a master-planned waterfront peninsula developed by DP World, strategically positioned in the heart of the city’s coastline. This Dubai Maritime City area guide explores the Dubai Maritime City location, premium waterfront lifestyle, and investment opportunities that make the district one of…
All projects in Dubai Maritime CityInvestment
Investment outlook
This off-plan project presents strong investment potential across the UAE, with projected rental yields of 6–8%, long-term capital appreciation, and growing demand from both residents and international investors.
- Projected Rental Yield
- 6–8%
- Potential Capital Appreciation
- 10–15%
- Golden Visa Eligibility Potential
- AED 2M+
- UAE off-plan properties continue to attract strong local and international investor demand.
- Selected communities may offer rental yields of around 6–8%, depending on location and unit type.
- Buyers may benefit from 10–15% potential price growth by handover in high-demand areas.
- Properties from AED 2 million may qualify for UAE Golden Visa eligibility, subject to regulations.
General Dubai market context as published in the developer’s marketing, not a project-specific forecast. Yields depend on the unit, the purchase price and the rent achieved.
Financing
Financing options
- Low Down Payment
- Developer Payment Plans
- Post-Handover Plans
- Mortgage Assistance
- Interest-Free Installments
- Resident & Non-Resident Financing
Developer plans are interest-free by design; bank mortgages for off-plan are usually available from a set construction stage. Our experts can introduce mortgage advisors for residents and non-residents.
About the developer
Damac Properties
78 projects listed
Explore the world of DAMAC Properties, one of Dubai’s most recognised private real estate developers, known for shaping luxury communities, branded residences, and lifestyle-driven destinations across the UAE and international markets. Since 2002, DAMAC has delivered tens of thousands of homes and built a reputation for bold design, glamour, and…
All projects by Damac PropertiesFAQ
Questions buyers ask
What is off-plan property in Dubai?
Off-plan property is a unit purchased directly from the developer before or during construction, typically at a lower entry price and with flexible, milestone-based payment plans.
Can foreigners buy property in Dubai?
Yes. Foreign nationals can buy freehold property with 100% ownership in Dubai's designated freehold areas, with no residency requirement.
What is a payment plan and how does it work?
A payment plan splits the property price into instalments — usually a down payment on booking, staged payments during construction, and a final amount on handover.
What is the UAE Golden Visa and how can real estate qualify?
The Golden Visa is a long-term, renewable UAE residency (up to 10 years). A property investment of AED 2 million or more typically qualifies the owner to apply.
How do I get a mortgage for a Dubai property?
Both residents and non-residents can obtain mortgages from UAE banks, generally financing 50–80% of the value depending on status. Our team can connect you with mortgage advisors.
What is the expected ROI from Dubai off-plan property?
Dubai off-plan typically delivers strong returns — rental yields of around 6–8% plus notable capital appreciation by handover, varying by location and project.
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Enquire
Ask about Coral Reef
Brochure, floor plans, current availability and the exact price list, sent by a real estate expert who answers. Starting price AED 1,600,000, 70/30 plan, handover 2028.
AED 1.6M
70/30 plan · 2028