Overview

Property Description

A luxury residential development in Dubai Maritime City, Coral Reef features apartments with one to three bedrooms. DAMAC Properties is the master developer of the complex, which will feature coral reef-inspired interiors. In partnership with a well-known French artist, Vincent Faudemer, the 36-storey tower will be designed. You will enjoy lovely views of the Arabian Gulf and tropical gardens from the balconies of the properties, which range in size from 776 square feet to 1,815 square feet. Coral Reef's starting price for a 1-bedroom apartment is AED 1.7M (USD 463K) as of Q3 2023. *Prices are valid for 2023 only For investors who invest at least AED 750K (USD 204K), a 2-year visa will be granted. You will qualify for a 10-year Golden visa if the purchase amount exceeds AED 2M (USD 545K). A Golden visa covers domestic staff as well as your family. In Dubai Maritime City, 1-bedroom apartments offer a 4.8% ROI. The initial rental cost will be AED 85K (USD 23K) per year, and rental yields will increase as the neighborhood develops.

Features & Amenities

Location