DAMAC «Coral Reef»
Project Overview
Coral Reef is a luxurious project by Damac, located in the unique Maritime City area. The building has a configuration with a ground level, 6 podium levels, 48 residential floors, and a roof. The architecture, inspired by the shapes of coral reefs, blends perfectly with the surrounding nature. The exterior is made with high-quality materials, ensuring durability and aesthetic appeal. The project includes 1–3 bedroom apartments, designed with modern solutions and high-quality finishes. Many units offer panoramic views of the sea and cityscape, creating a cozy and comfortable atmosphere. Residents can enjoy a wide range of amenities, including pools with relaxation areas, fitness centers, spa and wellness zones, as well as barbecue and picnic areas. Children's playgrounds are provided, and 24-hour security and a video surveillance system ensure safety. The complex is strategically located between Port Rashid and Dubai's Drydocks World, just 5 minutes from La Mer Beach and Mina Rashid. Downtown Dubai, Dubai Mall, and Burj Khalifa are 15 minutes away.
Illustrative Rental Scenario
Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.
Pricing and Area Research
Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.
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Gallery
Astraterra Properties
Official Documents
Download official marketing materials from Damac Properties.
Payment Structure
Published payment summary
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Amenities & Lifestyle
Location
Dubai Maritime City
Nearby Destinations
Developer and Project Facts
DAMAC «Coral Reef» by Damac Properties
Located in Dubai Maritime City
Starting from AED 2,100,000
Unit mix includes 1 BR, Apartments
Expected handover: Mar 2028
Official brochure and PDF marketing materials available
Official render/gallery images available
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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