Exclusive lots from one of the largest real estate agencies in Dubai with unique conditions for you
Coral Reef Apartments in Dubai Maritime City
Designer-made residences by the sea
$451,000 - $1,2 M
Off-Plan / 70/30 Payment Plan
Apartments
72 - 168 sq.m.
+$24,000 per year
Profitability for renting the property
up to +30 %
Profitability upon resale
- A contemporary Damac and Babolex collaboration in an exclusive 36-story tower
Hurry and register your interest before these properties go on sale
PRE-SALE*
As the leading real estate agency in Dubai, we receive the maximum number of lots from developers during the pre-sale period. Our clients can book in individual units as well as entire floors. Choose exclusive lots for profitable investments that aren’t available to other buyers.
Coral Reef Designer Residences in Dubai
Coral Reef is a collaboration between the Middle East's leading developer Damac Properties and the renowned French design brand Babolex.
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The jewel of Dubai Maritime City
Coral Reef Tower will be the crown jewel of Dubai Maritime City. The design of the 36-story building is inspired by the beauty of coral reefs.
Reserve what you like
Don’t worry about the stir in the market and the risk of ‘missing’ a property. Our clients buy real-estate according to guaranteed limits, given to the agency by building developers in Dubai.
The creative partnership between Damac and Babolex
To design the interiors, Damac turned to designer Vincent Fodemer, founder of the Babolex brand. In 2021, he was recognized as the most popular French artist in the world.
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Choose for yourself and buy with ease
Plan for the purchasing process in a way that’s most convenient for you. We will help you choose a property and conduct the transaction in a format that works best for you, whether that’s face-to face in the UAE or remotely.
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Branded spaces
The residential and common spaces of the tower have been created in collaboration with Babolex. The lobby, gym, and recreation areas will be decorated with branded glass figures by the famous artist.
Pay in a way that works for you
We’ll help pay with any hard currency, bank transfer, or altcoin. We organize the transfer of funds to the UAE.
Apartments 1-3 bedrooms
Branded apartments are created with high-quality finishes. You will have a luxurious view of the Arabian Gulf.
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Feel certain about confidentiality
We guarantee the total protection of your personal data and the absolute confidentiality regarding real-estate purchases.
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Resident Amenities
The heart of Coral Reef will be its resident amenities. Several infinity pools, a spa lounge, and observation decks will create places to relax and unwind.
Receive a Golden Visa for free
We will issue a “turn-key” residence Golden Visa for the UAE for you and your family at the same time as a real-estate purchase starting at $545,000.
Location
Coral Reef is located in the Dubai Maritime City. It’s a man-made peninsula, the center of business activity and the maritime center of Dubai. A convenient and accessible location and connection to the mainland via Sheikh Rashid Road provide quick access to the central areas of Dubai.
8 mins
Downtown Dubai, Dubai Mall
19 mins
Dubai International Airport
20 mins
Hamdam Sports Complex, IMG World of Adventures Park
25 mins
Dubai Marina, Motor City
Key Advantages at Coral Reef
INFINITY SWIMMING POOLS
GYM
PANORAMIC VIEWPOINTS
CONCIERGE SERVICES
MURAL POOL
LOUNGE IN REEFS
SPA
LIFT LOBBY
Infinity swimming pools
Gym
Panoramic viewpoints
Concierge services
Mural pool
Lounge in reefs
SPA
Lift Lobby
Coral Reef Residences with finishes and sea views by DAMAC
- The 36-story high building will house apartments with 1-3 bedrooms. Each apartment will have a balcony and a powder room.
- The area of 1-bedroom apartments will be 72-87 sq.m. The developer offers 12 types of layouts.
- The area of 2-bedroom apartments will be 111-130 sq.m. There are 4 types of layouts.
- Apartments with 3 bedrooms have 2 balconies and 2 walk-in closets. Their area will be 164-168 sq.m.
Apartments 1 bedroom
Area
72 - 87 sq.m.
Balcony
Kitchen
Living-Dining
Bathroom
Powder room
Kitchen
Living-Dining
Bathroom
Powder room
Apartments 2 bedrooms
Area
111 - 130 sq.m.
bathrooms
2
Balcony
Kitchen
Living-Dining
Powder room
Kitchen
Living-Dining
Powder room
Apartments 3 bedrooms
Area
164 - 168 sq.m.
bathrooms
3
2 Balconies
Kitchen
Living-Dining
Powder room
2 WIC
Kitchen
Living-Dining
Powder room
2 WIC
Infrastructure
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Dubai Maritime City district is actively developing as an international maritime center. According to the master plan, in the coming years a corporate park Maritime Center with facilities for international maritime conferences, promenades, restaurants and shopping facilities will all be built there.
There are also plans to build:
- A yacht marina for 30,000 boats and yachts,
- A recreation area with a maritime museum,
- Educational and research center Maritime Academy.
Now the area is being actively built up with apartment buildings. There is a promenade for walks along the coast and stores like Royal Foodstuff L.L.C and Les Gastronomes.
Located nearby:
- Cambridgeshire Nursery, Al Mankhool British Garden Nursery, New Academy School and American Educational School,
- Clinics such as Aster Hospital Mankhool, International Modern Hospital,
- Concert Hall Theatre by QE2.
Nearby Sights
Dubai Frame
The largest frame in the world, used Expo 2020 logo
Dubai Museum
The oldest building in Dubai
Global Village
International entertainment center with 90+ cultures
Al Shindagha Historic District
Historical place museum
Get all the information about Coral Reef in a detailed presentation. Leave a request and one of our agents will send you the presentation by email or WhatsApp.
Buy with a team of expert brokers in the UAE
Take advantage of the services of Dubai's flagship real estate agency. We’ve been selling real-estate in the UAE since 2008.
120,000
Clients have benefited from our services
6,000
Properties sold or rented
450
High-quality brokers. We are available in 18 languages
17 offices
In Dubai, Abu Dhabi, Hong Kong and Vienna
Communication with brokers 24/7
Full compliance with legal frameworks
Communications with developers and governmental bodies
Legalization of documents and contract preparation
Investment appeal of Coral Reef
From $23,000 per year*
We will help you profitably rent out real estate with a 4,8% annual yield.
*Average annual rental value for 1-bedroom apartments in Dubai Maritime City. The rental yields will increase with the development of the area, providing higher income.
From $139,020 in fast profit
We will resell the property at up to 30%* increase from its original value.
*The average price rise for properties under construction is 30%. Reselling conditions range from paying 34% to 50% of its value, depending on the developer's terms.
Residence Permit and Visa*
Obtain a ‘turnkey’ 2-year resident Visa when buying real estate from $205,000 or 10-year Gold visa when buying real estate from $545,000. The 10-year Golden Visa will let you enjoy all the benefits of a UAE residence and will also transfer over to your spouse, children, and household staff in the country.
*If the property value in Coral Reef is higher than 2 million AED (545,000 USD), then the owner is eligible for the Golden Visa.
Comfortable 70/30 Payment Plan
Secure your property with a 20% deposit (+4% LDL). Pay the remaining 50% in installments during construction over 5 years and 30% upon completion.
Payment plan
20%
On Booking
4%
1st installment
Within 3 months of Booking
4%
2nd installment
Within 6 months of Booking
4%
3rd installment
Within 9 months of Booking
4%
4th installment
Within 12 months of Booking
3%
5th installment
Within 15 months of Booking
3%
6th installment
Within 18 months of Booking
3%
7th installment
Within 21 months of Booking
3%
8th installment
Within 24 months of Booking
2%
9th installment
Within 27 months of Booking
2%
10th installment
Within 30 months of Booking
2%
11th installment
Within 33 months of Booking
2%
12th installment
Within 36 months of Booking
2%
13th installment
Within 39 months of Booking
2%
14th installment
Within 42 months of Booking
2%
15th installment
Within 45 months of Booking
2%
16th installment
Within 48 months of Booking
2%
17th installment
On 70% Completion
2%
18th installment
On 80% Completion
2%
19th installment
On 90% Completion
30%
Final Installment
On Handover (100% Completion)
Construction schedule
2023
Beginning of construction
Q1 2028
Completion of construction
0% Installment for 5 years
Your annual payments will
(as a percentage of the property’s value)
(as a percentage of the property’s value)
About the Developer
DAMAC Properties has been a leading luxury real estate developer in the Middle East since 2002. The company builds residential and commercial complexes, recreational facilities around the world, including the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iraq, Maldives, Canada, the US and the UK.
The company has completed approximately 43,700 homes and has a development portfolio of more than 30,000 homes at various stages of planning and implementation. DAMAC collaborates with fashion houses such as Versace, Cavalli, Just Cavalli, de Grisogono, Paramount Hotels & Resorts, Rotana and Radisson Hotel Group in project development to create a new generation of luxury living in the UAE and other countries.
Register your interest today
METROPOLITAN PREMIUM PROPERTIES LLC
ULY REGISTERED UNDER THE NUMBER 1105295 LICENSE # 679325, ORN 11899
OFFICE 1913, AL MANARA TOWER, BUSINESS BAY, POB 124585 DUBAI, UAE
