What is the payment plan?

Coral Reef by Damac at Dubai Maritime City offers a flexible payment plan designed to suit both end-users and investors. Typically this includes a down payment on booking, installments during construction, and the remaining balance on handover. Contact us for the detailed payment schedule.

Is this eligible for Golden Visa?

Yes, purchasing a property valued at AED 2 million or above qualifies for the UAE Golden Visa, granting a 10-year renewable residency. Our team can guide you through the application process.

What are the estimated service charges?

Service charges vary by unit type and size, typically ranging from AED 12-18 per sq.ft annually. These cover maintenance of common areas, facilities, security, and building management.

Can I rent out my unit?

Absolutely. Owners are free to rent out their units either on a long-term or short-term basis. The area offers strong rental yields, making it an excellent investment opportunity.

What is the expected handover date?

Please contact our team for the latest handover timeline and construction updates.

Pet policies are determined by the building management and community guidelines. Many developments in Dubai are pet-friendly with designated areas. We recommend confirming specific pet policies with the developer.

What are the nearby schools?

The area is well-served by reputable schools and nurseries within a short driving distance. Our team can provide a detailed list of nearby educational institutions based on your preferences.

Is there a mortgage option available?

Yes, mortgage financing is available through major UAE banks for both residents and non-residents. Typical loan-to-value ratios range from 50-80% depending on residency status. We can connect you with our banking partners for pre-approval.

Coral Reef by Damac Properties at Dubai Maritime City

Name: Coral Reef by Damac at Dubai Maritime City
Creator: Damac Properties

About the Project

Project Overview

Located at Dubai Maritime City Developed by Damac Properties

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Why This Project

Key Highlights

Located at Dubai Maritime City

Developed by Damac Properties

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Location & Nearby

coral reef damac - location map cora reef damac location map DAMAC Coral Reef boasts a cherished location in Dubai Maritime City that provides the best of both worlds. It is strategically located there. Due to its strategic location, inhabitants have quick access to the city's major tourist attractions, commercial centres, and recreational areas. Travelling to different areas of Dubai is simple thanks to its close proximity to Sheikh Zayed Road and important transportation networks, ensuring a smooth and pleasant living. Sheikh Zayed Road is 10 Minutes Dubai International Airport is 15 Minutes Downtown Dubai is 20 Minutes The Dubai Mall /Burj Khalifa is 20 Minutes Dubai Creek Harbour is 20 Minutes Register your Interest

Dubai Marina Mall

5 min walk

JBR Beach

8 min walk

Metro Station

3 min walk

Dubai Airport

25 min drive

Palm Jumeirah

10 min drive

Marina Walk

2 min walk

Investment Highlights

7-9%

Est. Rental Yield

Annual ROI

12-15%

Capital Growth

Year-on-Year

90%+

Occupancy Rate

Area Average

Prime waterfront location

High rental demand area

Golden Visa eligible

Tax-free returns

Strong capital appreciation

World-class amenities

LIFESTYLE

Amenities & Facilities

Swimming Pool

Gymnasium

Kids Play Area

Concierge Service

Parking

24/7 Security

Spa & Sauna

BBQ Area

Jogging Track

Retail Outlets

Landscaped Gardens

Smart Home Features

Common Questions

Frequently Asked Questions

Developer

About the Developer

DP

Damac Properties

Damac Properties is a leading real estate developer in the UAE, known for delivering iconic residential and commercial projects across prime locations in Dubai.

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Project Details

DeveloperDamac Properties

CommunityDubai Maritime City

CityDubai, UAE

StatusNew Launch

TESTIMONIALS

What Buyers Say

“Exceptional quality and a prime location. The payment plan made it very accessible. The team at Binayah guided me through every step seamlessly.”

Ahmed R.

2 Bedroom Buyer

“We fell in love with the views and the amenities. It's the perfect family home with everything you need within walking distance.”

Sarah L.

3 Bedroom Buyer

“Great investment opportunity with strong rental yields. The developer has an excellent track record and the build quality is superb.”

James K.

1 Bedroom Buyer

Buyer's Guide & Resources

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How to Buy Property in Dubai

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Golden Visa Through Property

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Off-Plan vs Ready Properties

Pros, cons and decision matrix for each type

DLD Fees Explained

The real all-in cost beyond the 4% headline

Title Deed vs Oqood

Why this difference matters for resale and visa

Buying as a Non-Resident

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