Compliance & specs
DLD-verifiableSemi-furnishedFully equipped kitchen with appliances. Living, dining, and bedrooms are bare.
About
Project general facts
DAMAC Coral Reef is an exciting residential endeavor in a prestigious waterfront location, made possible through a collaboration with a renowned sculpture artist, creating a true manifestation of opulence meeting convenience. This high-rise tower presents a collection of one to three-bedroom apartments with captivating views of the sea and tropical gardens, showcasing unique interior design elements. Every inch has been meticulously designed to cater to the needs of its residents, demonstrating a devotion to detail that ensures a comfortable and convenient lifestyle.
Residents are treated to an abundance of entertainment and leisure options right within the premises, including infinity pools, a stunning lobby with concierge services, and a well-equipped gymnasium. The waterfront location ensures breathtaking views and a soothing ambience that perfectly blends luxury and comfort, with exclusive waterfront amenities including inviting beach areas and alluring tropical gardens. This collaboration elevates luxury living to unparalleled heights, creating an address that stands as a testament to artistry and refinement.
Each residence features porcelain tiled floors, painted walls, and built-in wardrobes in bedrooms, while bathrooms include porcelain tiles, vanity tops, shower enclosures, and premium sanitary ware. The kitchens are fitted with cabinetry, stone countertops, stainless steel sinks, and premium appliances including refrigerators, cookers, and kitchen hoods. Every detail has been carefully considered to create a harmonious and inviting home where art, comfort, and luxury converge seamlessly.
Location description and benefits
This prestigious development is surrounded by popular entertainment and leisure spots, making it perfect for explorers and fun-seekers with attractions like museums, parks, beaches, and shopping destinations all within easy reach. Families benefit from easy access to esteemed educational institutions within a short drive, ensuring quality education for children. Healthcare needs are well-catered to with access to top medical facilities offering a range of services for residents.
The strategic location provides convenient access to key attractions and amenities throughout Dubai. The area's thoughtful positioning ensures that residents can enjoy both the tranquility of waterfront living and the vibrancy of city life. The community's proximity to world-class entertainment, education, and healthcare facilities creates a truly integrated living experience.
The location's combination of luxury, convenience, and accessibility makes it an ideal choice for those seeking a remarkable living experience. The area's ongoing development and strategic position continue to enhance its appeal as a premier residential destination. This distinguished location represents the perfect combination of artistic inspiration, waterfront serenity, and urban accessibility, offering an unmatched lifestyle in one of Dubai's most distinctive communities.
Floor plans
Payment PlanInterest-free during construction
- 1.20%
On booking
- 2.50%
During construction
- 3.30%
Upon Handover (Mar 2028)
Calculate your payments
Pick a unit type or enter a custom price. We'll spread it across the plan's phases in AED + your selected currency, with plain-English timing labels. Download as a spreadsheet for your records.
| # | When | Step | % | Amount (AED) | Amount (USD) | Cumulative (USD) |
|---|---|---|---|---|---|---|
| 1 | Upon booking | Reservation | 20% | 200,000 | 54,460 | 54,460 |
| 2 | Between booking and Mar 2028 | During construction | 50% | 500,000 | 136,150 | 190,610 |
| 3 | Mar 2028 | Upon Handover (Mar 2028) | 30% | 300,000 | 81,690 | 272,300 |
| Total | 100% | AED 1,000,000 | USD 272,300 | |||
Cash-flow shape: 70% during the construction period (20% upon booking, 50% across milestones), 30% at handover (Mar 2028).
0% interest during construction , no APR, no compounding.
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Amenities
6 features
Location
25.26702, 55.27109
Nearby
- New Academy School4.7 km
- La mer beach7 km
- Dubai Museum6.6 km
- Downtown Dubai11.8 km
- City Centre Al Shindagha Mall6.3 km
About Maritime City
Maritime City is a waterfront development on Dubai's eastern coast, approximately 20 minutes from Dubai International Airport and 18 minutes from Dubai Mall by car. The area features luxury residential towers and serviced hotel residences developed by major UAE builders including Damac Properties and Omniyat. Its strategic location provides convenient access to key Dubai destinations: roughly 29 minutes to Burj Al Arab, 30 minutes to Palm Jumeirah, and 34 minutes to The Walk JBR.
Explore Maritime CityAbout DAMAC
Damac Properties LLC, established in 1982, is a tier-1 UAE developer specializing in luxury residential communities and branded residences across Dubai's prime locations including Business Bay, Damac Hills, and Safa Park. The developer maintains a portfolio of 62 projects in our catalogue, with notable developments including Chic Tower, Damac Islands, and properties under the Autograph Collection brand.
Building details
1, 2 & 3 bedroom apartments
Parking allocation
| Unit type | Bedrooms | Spaces |
|---|---|---|
| Apartment | 3 | 2 |
| Apartment | 2 | 1 |
| Apartment | 1 | 1 |
Marketing brochure
Frequently asked questions
About Coral Reef
What is the payment plan for Coral Reef?
Coral Reef is offered with the Payment Plan. The full instalment schedule, what is due at booking, during construction, and at handover, is published on this page.
When does Coral Reef hand over?
Handover of Coral Reef is planned for Mar 2028. Handover dates are set by the developer and can shift, so treat the date as a target, not a guarantee.
Where is Coral Reef located?
Coral Reef is located in Maritime City, Dubai. The location section on this page has the map and nearby points of interest.
Who is the developer behind Coral Reef?
Coral Reef is developed by DAMAC. The developer's track record and full project list are on our DAMAC page.
Why Dubai off-plan
The macro case for buying off-plan in Dubai
These six pillars apply to every project on this site, not just this one. If you're new to the UAE market, they're the context you need before evaluating the specific unit above.
0% interest, ever
Off-plan payment plans are interest-free, end to end. Every instalment is at face value, no APR, no compounding, no balloon hidden in the back. Buyers from interest-bearing markets routinely underestimate how much this saves over a 3-5 year hold.
No income or capital-gains tax on property
Dubai charges no annual property tax, no income tax on rental yield, and no capital-gains tax on resale. The DLD 4% transfer fee is a one-time cost at registration, after that, your returns are yours.
20% usually opens the unit
Most off-plan plans book with a ~20% reservation deposit. You're under contract with the developer immediately, with the rest spread across construction milestones. The deposit is what unlocks the buy-side, not the full unit price.
Post-handover plans extend the runway
Many projects offer 2-4 years of post-handover instalments, meaning a chunk of the price gets paid AFTER you take keys. Once the unit is rented, that income can help cover the post-handover payments, rarely the full instalment, but enough to make the cash-flow comfortable rather than tight.
Golden Visa from AED 2M
A property purchase of AED 2M+ qualifies the buyer (and family) for the UAE Golden Visa, a 10-year renewable residency. The visa is the headline benefit; for many international buyers it's the actual reason to buy in Dubai.
Freehold ownership for foreigners
Across the 80+ freehold zones (Dubai Marina, Downtown, Palm Jumeirah, Business Bay, JVC, Dubai Hills, and the rest), foreigners own 100% of the asset and the land. There's no Emirati partner requirement, no lease structure, title deed in your name.
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