Description
Coral Reef is a real estate project located in Dubai's Maritime City district. Proposed by Damac, Dubai's largest private real estate developer, the Coral Reef project boasts many assets. Facing the sea and offering breathtaking views of the Persian Gulf, the Coral Reef project will feature luxury apartments with amenities worthy of a 5-star hotel. Dubai Immo offers a full analysis of the project, apartment prices, photos, payment plan and brochure download.
The Coral Reef district of Damac, Maritime City
The Coral Reef project is located in Dubai Maritime City. This is a developing district, located on the seafront. Just a 15-minute drive from Downtown, Maritime City is one of the only areas in Dubai to offer apartments with sea views. The district is an integral part of the Dubai Government's major development plan, and numerous projects have already been launched. In addition to luxury residences, you'll find parks, hotels, shops and restaurants. The yacht marina, Rashid Port and Marina, is in the immediate vicinity of Maritime City and just a few hundred metres from the Coral Reef project.
Damac's Coral Reef Dubai residence
This is certainly the most luxurious residence launched to date in the Dubai Maritime City district. This project follows the successful launch of Harbour Lights, Damac's previous project in the same district. The residence will offer future residents top-class amenities. With a swimming pool, gym and concierge, residents will enjoy all the comforts of a luxury hotel, as well as the privacy of a purely residential building.
Coral Reef Dubai apartments
Several types of apartment are available on this project. Choose from 1, 2 or 3-bedroom apartments. All apartments at Coral Reef de Damac have sea views. The larger apartments have the best views. As always with Damac, and as you can see from the visuals provided, the design of the apartments and the finishes will be absolutely sublime. From team kitchens to superb bathrooms, Damac will pay the utmost attention to every detail to deliver a project of the highest quality. All apartments feature large balconies.
Apartment prices at Coral Reef Dubai
- 1-bedroom apartments from AED 1.4M (€340,000)
- 2-bedroom apartments from AED 2.5M (€610,000)
- 3-bedroom apartments from AED 3.5M (€ 850,000)
Payment Plan & Financing
The Damac developer offers you an interest-free payment plan. This payment schedule breaks down as follows:
- 20% to be paid at time of reservation + 4% notary's fee
- 4% payable within 3 months of reservation
- 4% payable within 6 months of reservation
- 3% payable within 9 months of reservation
- 3% payable within 12 months of reservation
- 3% payable within 15 months of reservation
- 3% payable within 18 months of reservation
- 3% payable within 21 months of reservation
- 3% payable within 24 months of reservation
- 3% payable within 27 months of reservation
- 3% payable within 30 months of reservation
- 3% payable within 33 months of reservation
- 3% payable within 36 months of reservation
- 3% payable within 39 months of reservation
- 3% payable within 42 months of reservation
- 3% payable within 45 months of reservation
- 1% Payable at 70% construction
- 1% to be paid at 80% construction
- 1% to be paid at 90% construction
- 30% to be paid at the end of the work
It will be possible to finance the 30% to be paid on completion of the work via a local bank we partner with, even if you are not resident in the Emirates.
Simulation of an apartment purchase at Coral Reef Residences
1 bedroom
1 bedroom + living room-
68,000€ at reservation + DLD
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13,600 within 3 months of reservation
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13,600 within 6 months of reservation
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13,600 within 9 months of reservation
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13,600 within 12 months of reservation
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13,600 within 15 months of reservation
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13,600 within 18 months of reservation
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13,600 within 21 months of reservation
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13,600 within 24 months of reservation
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13,600 within 27 months of reservation
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13,600 within 30 months of reservation
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13,600 within 33 months of reservation
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13,600 within 36 months of reservation
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13,600 within 39 months of reservation
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13,600 within 42 months of reservation
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13,600 within 45 months of reservation
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3,400€ at 70% construction
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3,400€ at 80% construction
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3,400 at 90% construction
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102,000€ on completion
2 rooms
2 bedrooms + living room-
122,000€ at reservation + DLD
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24.400€ within 3 months of reservation
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24,400 within 6 months of reservation
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18,300 within 9 months of reservation
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18,300 within 12 months of reservation
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18,300 within 15 months of reservation
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18,300€ within 18 months of reservation
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18,300€ within 21 months of reservation
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18,300 within 24 months of reservation
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18,300€ within 27 months of reservation
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18,300 within 30 months of reservation
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18,300 within 33 months of reservation
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18,300 within 36 months of reservation
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18,300 within 39 months of reservation
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18,300 within 42 months of reservation
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18,300 within 45 months of reservation
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6,100 at 70% construction
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6,100 at 80% construction
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6,100 at 90% construction
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183,000€ on completion
3 rooms
3 bedrooms + living room-
170,000€ at reservation + DLD
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34.000€ within 3 months of reservation
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34,000€ within 6 months of reservation
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25,500 within 9 months of reservation
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25,500 within 12 months of reservation
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25,500 within 15 months of reservation
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25,500 within 18 months of reservation
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25,500 within 21 months of reservation
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25,500 within 24 months of reservation
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25,500 within 27 months of reservation
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25,500 within 30 months of reservation
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25,500 within 33 months of reservation
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25,500 within 36 months of reservation
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25,500 within 39 months of reservation
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25,500 within 42 months of reservation
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25,500 within 45 months of reservation
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8,500 for 70% construction
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8,500€ at 80% construction
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8,500 at 90% construction
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255,000€ on completion
