Coral Reef
About Coral Reef
(sq. ft.)
Coral Reef is a luxury residential development with 1–3 bedroom apartments in Dubai Maritime City. The master developer of the complex is DAMAC Properties. The interior of the residences will be inspired by coral reefs. The 36-storey tower is being designed in partnership with Vincent Faudemer, a well-known artist from France.
The size of the properties ranges from 776 sq. ft to 1,815 sq. ft. You will be able to enjoy wonderful views of the Arabian Gulf and tropical gardens from your balcony.
The project will be equipped with multiple unrivalled amenities for all ages. These encompass:
- Infinity swimming pools
- Gym
- Panoramic viewpoints
- Concierge services
- Mural pool
- Lounge in reefs
- Inflatable coral labyrinth
- Beach cinema
Property Information
- Location Dubai Maritime City, Dubai, UAE
- Developer DAMAC
- Status of Project In progress
- Type of Project Residential Tower
- Units 1-3BR Apartments
- Area from 776 sq. ft.
- Total Amount of Units 279
- Payment Plan 70/30
Floor Plans of Coral Reef
Apartment
Type:
1 Bedroom
Total Area:
776 sq. ft.
Starting Price:
1,700,000 AED
Apartment
Type:
2 Bedrooms
Total Area:
1,197 sq. ft.
Starting Price:
2,527,000 AED
Apartment
Type:
3 Bedrooms
Total Area:
1,770 sq. ft.
Starting Price:
3,328,000 AED
Reflection Floor Plans
| Floor Plan | Type | Unit Type | Category | Total Area | Starting prices |
|
|
1 Bedroom | Apartment | 776 sq. ft. | 1,700,000 AED | |
|
|
2 Bedrooms | Apartment | 1,197 sq. ft. | 2,527,000 AED | |
|
|
3 Bedrooms | Apartment | 1,770 sq. ft. | 3,328,000 AED |
Property Prices
As of Q2 2025, the starting price for a 1-bedroom apartment in Coral Reef is AED 1.65M (USD 449K).
*The price is valid for 2023
Payment Plan
Location
Coral Reef is located next to Sheikh Zayed Road, providing seamless access to the remaining part of the city. Within just 20 minutes by car, you can get to Downtown Dubai, Business Bay, and Dubai International Airport, among other destinations.
It will take about 15 minutes by car to reach the following facilities:
- Mina Rashid Shed 2
- New Academy School
- Little Diamond Nursery — Al Raffa
- BurJuman Mall
- Aster Hospital Mankhool
- Heritage Village
Economic Appeal
Those investing at least AED 750K (USD 204K) will become eligible for a 2-year visa. If the purchase amount is AED 2M (USD 545K) or more, you will become eligible for a 10-year Golden visa. Both of the visas will apply to your family, whilst a Golden visa will additionally cover domestic staff.
Dubai Maritime City offers a 4.8% ROI in 1-bedroom apartments. The initial rental cost in this neighbourhood is AED 85K (USD 23K) per year. The rental yields will increase with the development of the area, providing higher income.
*The price is valid for 2023
FAQ
Coral Reef is developed by DAMAC Properties, an award-winning luxury real estate developer.
The project is located in Dubai Maritime City, situated between Port Rashid, a global cruise ship destination, and Dubai Dry Docks, boasting the largest dry dock infrastructure in the Middle East.
The project offers 1-3 bedroom apartments.
The project is scheduled for completion in Q3 2028.
The developer offers a convenient 70/30 payment plan, which includes a 20% down payment.
At the time of launch, the starting property price was AED 1.65M (USD 450K).
Yes, purchasing property in this project qualifies buyers for residency status in Dubai.
Buyers can obtain a 2-year UAE residency visa when investing in properties worth over AED 750K (USD 204K). Investing AED 2M (USD 545K) or more qualifies buyers to apply for a 10-year Golden Visa, which allows them to sponsor their spouse, children, and domestic staff
Yes, this project offers freehold property ownership to foreign investors and residents, aligning with Dubai's welcoming approach to international property investment.
Yes. As of Q2 2025, the average rental yield for apartments in Dubai Maritime City is 5-6% with projections indicating the ROI exceeding 7% rapidly. The proximity of a free economic zone with over 280 companies and a booming tourism sector arriving at nearby Port Rashid, ensures strong and consistent demand, robust rental profitability and promising capital appreciation.
Absolutely. Coral Reef promises an exceptional waterfront lifestyle, combining distinctive residences, premium amenities, and stunning views with the exclusive privilege of direct access to the vibrant waterfront promenade.
Living in Dubai Maritime City (DMC) offers a uniquely appealing lifestyle, primarily due to its strategic waterfront location that provides captivating sea and city views. This prime position also ensures excellent connectivity to major urban hubs like Downtown Dubai and the airport. With easy access to essential services including schools, premium shopping, restaurants, and public transport, residents enjoy a high quality of life and the promise of future growth as exciting development in the area continues.
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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