1RK Apartment for Sell in Coral Reef

Project summary Coral Reef stands as DAMAC Properties' latest waterfront statement in Dubai Maritime City, featuring 1, 2, and 3-bedroom apartments across 54 floors. Coming soon with handover scheduled for Q1 2028, this development marks the first UAE collaboration with French artist Vincent Faudemer, whose exclusive Babolex sculptures will grace each floor. The project enters Dubai's robust off-plan market where waterfront properties command premium positioning, with launch prices starting at AED 1.9M for 1-bedroom units. Construction currently tracks at 7.45% completion as of January 2025, following DAMAC's established delivery timeline protocols. Project features & benefits Coral Reef introduces Vincent Faudemer's site-specific art installations throughout its 54-story structure - an unprecedented integration in Dubai real estate. The development features biophilic design elements mimicking coral formations, with fluid balconies and ocean-inspired architecture. Technical amenities include an infinity LED pool, floating cinema, and submerged viewing areas that create immersive waterfront experiences. Community advantages Dubai Maritime City's strategic positioning offers 15-minute access to Dubai International Airport and 20-minute connectivity to Dubai Marina. The community benefits from DP World's AED 140M infrastructure investment, including the Sindhaga Corridor and Metro Expansion reducing Downtown Dubai commute times to 25 minutes. Private beach access and reef-side lounges provide exclusive waterfront lifestyle elements unavailable in inland developments. Competitive position The project's flexible payment structure (20% down, 50% during construction, 30% on handover) contrasts favorably with Palm Jumeirah's full-cash resale requirements. DAMAC's recent Chelsea Residences success in the same location - selling AED 2B inventory within hours - validates Maritime City's investment appeal. Coral Reef's art-centric positioning differentiates it from standard luxury offerings in Dubai's saturated marina market.