Apartment in Dubai, UAE, 72 sq.m

Coral Reef is a luxury 1-3 bedroom apartment complex in Dubai Maritime City. The general developer of the project is DAMAC Properties. The interior of the residences is inspired by the beauty of coral reefs. The design of the 36-story skyscraper was developed in collaboration with the famous artist from France Vincent Faudemer.

Property area - from 72 sq. m up to 169 sq. m. From your balcony you can enjoy breathtaking views of the Arabian Gulf and tropical gardens.

The project will have a variety of amenities for residents of all ages. Among them:

infinity pools;
Gym;
observation decks with panoramic views;
concierge services;
swimming pool with fresco;
a recreation area decorated in a marine style;
inflatable maze;
beach cinema.
Location

Coral Reef is located adjacent to the Sheikh Zayed Road, providing easy access to the rest of the city. In just 20 minutes by car you can reach Downtown Dubai, Business Bay, Dubai International Airport, etc.

There are many amenities within a 15-minute drive, including:

Mina Rashid Shed 2;
New Academy School;
Little Diamond Nursery - Al Raffa;
BurJuman Mall;
Aster Hospital Mankhool;
Heritage Village.
Economic attractiveness

Investments in real estate from AED 750 thousand (USD 204 thousand) entitle you to a 2-year visa. If the cost of the property is AED 2 million (USD 545 thousand) or more, you will receive a 10-year Golden Visa. Both visas will cover your family members, with the Golden Visa additionally covering household staff.

The ROI for one-bedroom apartments in Dubai Maritime City is 4.8%, and the starting cost of annual rent is AED 85 thousand (USD 23 thousand). As the area develops, the return on investment from rentals will increase.