DAMAC Coral Reef

Artistic Waterfront Living in Dubai Maritime City

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DAMAC Coral Reef – Off-Plan 1–3 Bedroom Apartments with Flexible Payment Plans

Project Overview

  • Developer
    DAMAC Properties

  • Location
    Dubai Maritime City, Dubai

  • Status
    Off-plan

  • Handover Date
    Q4 2026

  • Property Types
    1–3 Bedroom Apartments

  • Payment Plan
    70:30

  • Starting Price AED 1.65M (approx.)

  • Developer : EMAAR Properties
  • Location : Rashid Yachts & Marina, Mina Rashid
  • Status : Off-plan
  • Handover Date : Q4 2025
  • Property Types : 1–4 Bedroom Apartments, Penthouses
  • Payment Plan : 80:20
  • Starting Price : AED 1.3M (approx.)

Project Highlights

  • Branded interiors with coral-inspired design elements
  • Panoramic sea views and direct access to waterfront promenade
  • Resort-style amenities and wellness zones
  • Located in Dubai’s emerging maritime hub
  • RERA-approved and escrow-secured

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Location & Connectivity

  • 10 mins to DIFC and Downtown Dubai
  • 15 mins to Dubai International Airport
  • 5 mins to Mina Rashid and Port Rashid
  • Nearby: cruise terminal, retail boulevard, beach clubs

Master Plan & Amenities

  • Infinity pool and spa retreat
  • Fitness center and yoga studio
  • Coral-themed art installations and lobby
  • Children’s play areas and landscaped podium

Property Types & Floor Plans

Type Size Range Bedrooms Price Range (AED)
Apartment
776–1,815
1–3 BR
1.65M–4.8M
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Project video

Payment Plan Breakdown

Booking : 10%

During Construction : 70%

On Handover (Q4 2025) : 20%

Booking

%20
  • Of the total price

During Construction

%60
  • Of the total price

On Handover (Q1 2028)

%30
  • Of the total price

Investment Potential

Rental Yield

Estimated 6–8% annually

Capital Appreciation

High due to waterfront location

Golden Visa Eligibility

Yes (AED 2M+ investment)

Freehold Ownership

Available for all nationalities

Rental Yield

Estimated 6–8% annually

Capital Appreciation

High due to waterfront location

Golden Visa Eligibility

Yes (AED 2M+ investment)

Freehold Ownership

Available for all nationalities

Developer Profile

DAMAC Properties

A pioneer in branded luxury living, DAMAC delivers iconic residences across Dubai. Coral Reef is their flagship waterfront offering in Dubai Maritime City, blending art, nature, and investment value.

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FAQs

Is DAMAC Coral Reef freehold?

Yes, it’s located in a freehold zone open to all nationalities.

Can I get a mortgage?

Yes, UAE banks offer financing for both residents and non-residents.

Is the project RERA-approved?

Yes, all payments are secured via escrow accounts.

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More details about the project

This is a short introduction to the project, giving a quick overview of the main idea and purpose.