Coral Reef | Waterfront Luxury Apartments - Win Win Universal RE

Coral Reef | Waterfront Luxury Apartments

  • AED1,650,000
Dubai Maritime City
For Sale Off Plan Hot Offer

Coral Reef | Waterfront Luxury Apartments

Dubai Maritime City
  • AED1,650,000

Overview

Property ID: HZCR-04
  • Apartment
  • Property Type
  • 1-3
  • Bedrooms
  • 2-4
  • Bathrooms
  • 776
  • Sq Ft.
  • 2028
  • Year Built

Description

Coral Reef, situated in Dubai Maritime City (DMC), stands out as a family-friendly residential development. Crafted by DAMAC Properties, a distinguished Emirati developer renowned for its upscale communities and notable projects like DAMAC Lagoons, DAMAC Hills, DAMAC Bay by Cavalli, Elegance Tower, and others, the project is slated for completion in the first quarter of 2028.

The tower, designed as G+P6+48+R, is a collaborative effort with Vincent Faudemer, a renowned French artist often referred to as the “Little Prince of contemporary art.” Drawing inspiration from characters like The Little Prince and Babar, Faudemer creates sculptures, including the popular Babolex figures, which have gained acclaim among notable personalities. Residents of Coral Reef can anticipate encountering these exclusive, one-of-a-kind sculptures adorning communal spaces and residences.

Coral Reef offers a range of residences for purchase, featuring 1–3 bedroom apartments with living areas spanning from 776 sq. ft to 1,815 sq. ft. The expansive balconies, perfect for unwinding with loved ones, provide breathtaking views of the Arabian Gulf and tropical gardens.

Residents at Coral Reef will have access to a plethora of entertainment and leisure options within the development. These include an infinity LED pool, a mural pool, a reef-themed lounge, a fully-equipped gymnasium, a spa with a restaurant, an inflatable coral labyrinth, a beach cinema, and more attractions in the pipeline.

Location.

Coral Reef is situated within Dubai Maritime City (DMC), a diversified area comprising various clusters, including the Maritime Centre, a business hub with entertainment activities, the Industrial Precinct housing a ship repair complex, an Academic Quarter tailored for professionals in the marine industry, the Marina District offering marina services, and Harbour Residences and Harbour Offices.

Living in Coral Reef provides convenient access to key areas in Dubai. The journey to Downtown Dubai and Business Bay takes approximately 25 minutes, while Dubai International Airport is reachable within a 20-minute drive.

For families with children, there are notable educational institutions such as Cambridgeshire Nursery, Dubai Gem Crèche and Nursery, New Academy School, Ambassador School, and others. Residents of Coral Reef can avail themselves of professional medical assistance at Aster Hospital and International Modern Hospital.

Coral Reef residents can explore leisure destinations nearby, including La Mer Beach, Etihad Museum, Dubai Frame, and Burj Khalifa, all within a 10–25 minute reach. The closest shopping destinations, reachable within a 20-minute drive, include BurJuman Mall, City Centre Al Shindagha, and Dubai Mall. Investing in a residence in Dubai Maritime City (DMC) proves to be an attractive opportunity, with the average return on investment (ROI) for a 1-bedroom apartment in the area standing at 4.8%. Such residences can be rented out starting from AED 88,000 (USD 24,000) per year.

Investing over AED 750,000 (USD 204,000) in a Coral Reef residence also qualifies you to apply for a 2-year investor visa. Opting for a real estate unit exceeding AED 2 million (USD 545,000) provides you, your family members, and household staff the eligibility for a 10-year Golden Visa.

  • Address Dubai Maritime City
  • City Dubai
  • State/county Dubai
  • Area Dubai Maritime City
  • Country United Arab Emirates

Details

Updated on March 18, 2024 at 3:15 am
  • Property ID: HZCR-04
  • Price: AED1,650,000
  • Property Size: 776 Sq Ft.
  • Bedrooms: 1-3
  • Bathrooms: 2-4
  • Year Built: 2028
  • Property Type: Apartment
  • Property Status: For Sale, Off Plan

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