Coral Reef Property Development By Damac Properties

Last Updated on: 2nd November 2024, 06:15 am

Introducing the Coral Reef Property Development by Damac Properties, a remarkable new addition to the skyline of Dubai Maritime City. This stunning development redefines luxury living by merging oceanfront opulence with cutting-edge design, offering luxury homes that include high-rise towers with 1, 2, and 3 bedroom apartments. Residents will enjoy breathtaking beachfront properties that embody resort-style living, all at a starting price that is both competitive and attractive in the Dubai real estate market. The project has quickly attracted attention from discerning buyers who seek a unique blend of elegance, comfort, and accessibility within this thriving metropolis. For more details on this incredible opportunity, visit Coral Reef Property Development By Damac.

Key Takeaways

• Coral Reef features luxurious 1, 2, and 3 bedroom apartments, enhancing the luxury property development landscape in Dubai.
• Located between Rashid Port and Drydock World, it provides unmatched access to prime destinations.
• Residents will have access to top-of-the-line amenities, including a gym, pools, and green spaces.
• The payment plan is flexible, allowing 20% on booking, 50% during construction, and 30% upon handover¹².
• Anticipated completion is set for Q1 2028, offering ample time for investment planning.

Overview of Coral Reef by Damac Properties

The Coral Reef development by Damac Properties epitomizes the art of luxury living. Designed to offer an enriching lifestyle, this high-rise 48-storey luxury residential community comprises stunning 1, 2, and 3-bedroom apartments. Each unit creates an intimate space with breathtaking views of the Gulf and the Dubai skyline, ensuring a serene atmosphere for oceanfront living. Coral Reef is set to redefine the standards of modern waterfront properties, making daily experiences exceptional and memorable.

Luxury Living Redefined

Every apartment within this luxurious development is tailored to provide comfort and elegance. The Coral Reef offers:

• Spacious 1-bedroom apartments starting from 725 sq ft priced at AED 1.7M (USD 463K)³
• 2-bedroom options measuring a generous 1,149 sq ft, available from AED 2.52M
• 3-bedroom apartments boasting 1,639 sq ft, with a price tag of AED 3.32M

Residents can benefit from competitive rental yields, with the average yield for a 1-bedroom apartment in Dubai Maritime City standing at 4.8%³. Flexible financing options are available, enhancing the appeal of these exquisite homes. Those who invest in Coral Reef may even qualify for a Golden Visa, opening up new horizons in UAE residency.

Location Advantages

Situated in the vibrant Dubai Maritime City, Coral Reef offers exceptional accessibility. Key attractions and business districts are just moments away:

• 20 minutes to Burj Khalifa
• 20 minutes to Downtown Dubai
• 15 minutes to Dubai International Airport
• 10 minutes to Sheikh Zayed Road
• 20 minutes to Dubai Mall
• 23 minutes to Jumeirah Beach

Proximity to renowned educational institutions such as New Academy School and Ambassador School enhances the development’s appeal for families⁴. With its magnificent beachfront properties, Coral Reef presents an unmissable opportunity for those seeking both lifestyle and investment.

Luxury Amenities and Features

Coral Reef Resort epitomizes the essence of resort-style living, offering an array of luxury amenities designed to elevate the living experience. Residents can indulge in beautifully landscaped gardens and private beach areas that create a serene atmosphere. The infinity pools provide a stunning view while making it easy for residents to unwind in a tranquil setting.

World-Class Facilities

The facilities at Coral Reef are truly world-class, featuring a resort-style pool complemented by a spa and sundeck, allowing for relaxation and leisure. Wellness is a priority, with a fitness center designed to promote an active lifestyle. Community members can enjoy various activities, ranging from water sports to lounging on the beach, ensuring that every day feels like a vacation.

Unique Artistic Touches

Each unit showcases unique artistic touches, enhancing the overall aesthetic of the resort. The combination of craftsmanship and contemporary design aligns perfectly with the ideals of luxury living. Furthermore, meticulous attention to detail is evident in every aspect of the property, creating an inviting atmosphere for both residents and guests.

Community-Centric Design

At Coral Reef, community-centric design fosters a vibrant neighborhood atmosphere. The thoughtful layout encourages interaction among residents, creating a welcoming environment. Shared spaces, such as the open bonus area and outdoor lounge, allow community members to connect while enjoying the stunning surroundings. Such designs promote a sense of belonging that reflects the charm of this exclusive development⁵.Explore more about Coral Reef Resort and discover how its offerings are crafted to enhance the luxurious experience of resort-style living.

Conclusion

In closing, Coral Reef Property Development by Damac Properties epitomizes a seamless blend of artistic flair and sophisticated luxury living in the competitive real estate in Dubai market. Positioned to embrace the allure of oceanfront living, this project showcases unique amenities and facilities that elevate the residential experience for its future residents.

The remarkable attention to community-centric design underscores a commitment to fostering connections among inhabitants, encouraging a vibrant lifestyle. As we look ahead to the anticipated handover in March 2028, Coral Reef is set to become a sought-after destination for those pursuing the pinnacle of luxury property development, ensuring a lifestyle that prioritizes both elegance and environmental harmony.

This initiative further highlights the increasing significance of sustainable practices within the luxury market, illustrating that luxurious living can coexist with responsible stewardship of our natural resources. For the best insights on global coral ecosystems and their ongoing challenges, exploring reputable sources like Coral Reefs Dashboard can provide a deeper understanding of the importance of preserving these vital habitats. The future looks bright for Coral Reef as it prepares to redefine luxury living in Dubai⁶.

Source Links

1. https://www.damacdubai-ae.com/project/damac-coral-reef/
2. https://www.propertyfinder.ae/en/new-projects/damac-properties/coral-reef
3. https://lavenirproperties.com/damac-coral-reef/
4. https://imperialacre.com/damac-coral-reef/
5. https://tortugassands.com/coral-reef.html
6. https://www.seaandjob.com/6-coral-reefs-and-how-shipping-affects-them-conclusion/