DAMAC Coral Reef Apartments in Dubai Maritime City

  • Start from AED 1,657,000

Overview

Property ID: Ramos-144
  • Apartments, Residential
  • Property Type
  • 1-3
  • Bedroom
  • 1-4
  • Bathroom
  • 776 to 1,815
  • Sq Ft

Description

Coral Reef is a residential community perfect for families that is situated in Dubai Maritime City (DMC). The project was developed by DAMAC Properties, a developer from the Emirati nation known for its upscale neighborhoods and developments like DAMAC Lagoons, DAMAC Hills, DAMAC Bay by Cavalli, Elegance Tower, and others. In Q1 2028, the project is expected to be finished.

With the help of French established artist Vincent Faudemer, dubbed “the Little Prince of contemporary art,” the G+P6+48+R tower is being created. He is a sculptor who draws inspiration from Babar, The Little Prince, and other figures. The residents of Coral Reef will also be amazed by the special, one-of-a-kind sculptures, which are dispersed around the communal areas and in the apartments. Vincent Faudemer’s Babolex figurines are well-liked among prominent people.

Apartments in Coral Reef with 1-3 bedrooms and living spaces ranging from 776 to 1,815 square feet are among the homes up for sale there. Residents will be able to take in breathtaking views of the Arabian Gulf and tropical plants from the roomy balconies, which are perfect for relaxing with your loved ones.

There are several entertainment and recreational opportunities available to Coral Reef residents right on the property of the complex. Among them are an inflatable coral labyrinth, an infinity LED pool, a mural pool, a lounge in the reefs, a gym, a spa with a restaurant, and more to come.

Waterfront Luxury 1-3BR Apartments by DAMAC x Babolex

Located in Dubai Maritime City (DMC), Coral Reef. The area is divided into several clusters, including the Maritime Centre, a business district with entertainment offerings, the Industrial Precinct, home to a ship repair facility, the Academic Quarter for marine industry professionals, the Marina District, a marina service area, and the Harbour Residences and Harbour Offices.

You can easily get to important parts of Dubai if you live in Coral Reef. As a result, it will take 25 minutes to go to Downtown Dubai and Business Bay, and 20 minutes to get to Dubai International Airport.

The Cambridgeshire Nursery, Dubai Gem Crèche and Nursery, New Academy School, Ambassador School, and other institutions may be of interest to families with young children. Aster Hospital and International Modern Hospital are competent medical facilities where Coral Reef residents can receive care.

La Mer Beach, Etihad Museum, Dubai Frame, and Burj Khalifa are some of the leisure locations nearest to Coral Reef that can be reached in 10 to 25 minutes. Within a 20-minute drive, you can find BurJuman Mall, City Centre Al Shindagha, and Dubai Mall, which are the closest shopping centers. In Dubai Maritime City (DMC), purchasing a home is a great financial opportunity. A 1-bedroom apartment in the region has an average ROI of 4.8%. Rental rates for this kind of home start at AED 88K (USD 24K) annually.

Check

You can apply for a 2-year investor visa in Coral Reef if you spend more than AED 750K (USD 204K) on a home there. You can obtain a 10-year Golden Visa for yourself, your family, and any household workers if you purchase a real estate unit for more than AED 2M (USD 545K).

  • 25 Minutes to Downtown Dubai
  • 30 Minutes to Dubai Marina
  • 20 Minutes to DXB Airport
  • 50 Minutes to DWC Airport

Frequently Asked Questions

Where is the DAMAC Coral Reef located?
Coral Reef is situated in Dubai Maritime City (DMC), near to the main regions of the emirate and on the shores of Old Dubai.
What types of properties are available in DAMAC Coral Reef?
Coral Reef offers flats with one to three bedrooms among its homes.
Is DAMAC Coral Reef a wise financial decision?
An excellent investing tool is coral reef. Tenants will have high demand for these apartments. A 1-bedroom apartment in Dubai Maritime City (DMC) has an average rental yield of 4.8%. AED 88K (USD 24K) a year can be paid in rent for this kind of flat.
What is the price of a home in DAMAC Coral Reef?
A 1-bedroom apartment in Coral Reef costs AED 1.7M (USD 463K) as of Q3 2023.
Which academic institutions are closest to DAMAC Coral Reef?
New Academy School and Ambassador School are two nearby educational institutions.
What facilities are offered at DAMAC Coral Reef?
Infinity LED pools, reef lounges, modern gyms with equipment, spas with restaurants, inflatable coral labyrinths, beach cinemas, and other amenities will be available to Coral Reef residents.
What is the nearby DAMAC Coral Reef's transportation accessibility like?
The local public transportation network hasn’t been established as of Q3 2023. However, if you have a car, it will only take you 25 minutes to drive to Downtown Dubai.
Are families favored visitors to DAMAC Coral Reef?
Families with children will place a high demand on Coral Reef. Future residents of the development will value the roomy houses with sizable balconies and clever floor plans, as well as the extensive selection of opulent amenities on the community’s property and the simple connection to social infrastructure objects.

Details

Updated on September 23, 2023 at 7:51 am
  • Property ID: Ramos-144
  • Price: Start from AED 1,657,000
  • Property Size: 776 to 1,815 Sq Ft
  • Bedroom: 1-3
  • Bathroom: 1-4
  • Property Type: Apartments, Residential
  • Property Status: Off Plan

Additional details

  • Delivery Date: Mar - 2028
  • Payment Structure: 20% Initial Deposit, 50% During Construction, 30% on Completion
  • Down Payment: 20%

Contact Information

View Listings

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare
Samuel Ramos
  • Samuel Ramos