Coral Reef by Damac
Under the serene surface of the ocean lies something truly soul-stirring. Bold. Vibrant, striking and life-giving. Coral. An ethereal underwater city bursting with life, the vivacious inspiration for Damac Coral Reef. From organic, fluid architecture to eclectic, yet considered, amenities, the coral’s influence can be felt throughout the tower and in your very being.
Soaring 54 stories above the endless sea, Damac Coral Reef is a dreamscape where residents are plunged into life at its most vibrant. The tower is a spirited sanctuary that celebrates luxury at its most captivating and creative, a riot of colour, artistry as well as exquisite environments for every day…you won’t believe it’s your everyday.
Damac Coral Reef is proudly situated in Dubai Maritime City (DMC), an enviable location that is far away from the hustle but close enough to have its finger on the pulse of culture.
Endless sea views greet each resident in Damac Coral Reef’s one, two- and three-bedroom apartments, along with meticulously crafted finishes and bespoke pieces that evoke the ephemera of undersea life.
Damac Coral Reef is not a bystander to Dubai’s story. It is a celebration of its spirit, drawing you in with immersive spaces designed to stimulate and soothe, from the sensorial corridors to the serene spa and of course, each beautifully envisioned home.
| Deposit | Immediate | 20% |
| 1st Installment | Within 3 Months of Sale Date | 4% |
| 2nd Installment | Within 6 Months of Sale Date | 4% |
| 3rd Installment | Within 9 Months of Sale Date | 4% |
| 4th Installment | Within 12 Months of Sale Date | 4% |
| 5th Installment | Within 15 Months of Sale Date | 3% |
| 6th Installment | Within 18 Months of Sale Date | 3% |
| 7th Installment | Within 21 Months of Sale Date | 3% |
| 8th Installment | Within 24 Months of Sale Date | 3% |
| 9th Installment | Within 27 Months of Sale Date | 2% |
| 10th Installment | Within 30 Months of Sale Date | 2% |
| 11th Installment | Within 33 Months of Sale Date | 2% |
| 12th Installment | Within 36 Months of Sale Date | 2% |
| 13th Installment | Within 39 Months of Sale Date | 2% |
| 14th Installment | Within 42 Months of Sale Date | 2% |
| 15th Installment | Within 45 Months of Sale Date | 2% |
| 16th Installment | Within 48 Months of Sale Date | 2% |
| 17th Installment | On 70 % Completion Milestone | 2% |
| 18th Installment | On 80 % Completion Milestone | 2% |
| 19th Installment | On 90 % Completion Milestone | 2% |
| 20th Installment | On Completion | 30% |
4% DLD to be paid in addition to the Initial Deposit
Trakheesi Permit: 1200442400
- Robust Growth: Dubai’s real estate market has shown consistent growth over the years, making it an attractive investment destination.
- Tax-Free Environment: There are no capital gains tax, income tax, or property tax, allowing investors to maximize their returns and enjoy higher rental yields.
- Strategic Location: Situated at the crossroads of Europe, Asia, and Africa, Dubai enjoys excellent connectivity and serves as a global business hub that attracts international investors and tenants, ensuring a steady demand for properties.
- Strong Rental Market: The city’s growing population, expatriate workforce, and thriving tourism industry create a steady demand for rental properties.
- World-Class Infrastructure: Dubai boasts world-class infrastructure, including state-of-the-art amenities, modern transportation networks, and a safe and secure environment.
DAMAC Properties has been at the forefront of the Middle East’s luxury real estate market since 2002, delivering award-winning residential, commercial and leisure properties around the world, including the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iraq, the Maldives, Canada, the United States, as well as the United Kingdom.
Joining forces with some of the world’s most eminent fashion and lifestyle brands, DAMAC has brought new and exciting living concepts to the market in collaborations that include a golf course managed by The Trump Organization, and luxury homes in association with Versace, Cavalli, Just Cavalli, de GRISOGONO, Paramount Hotels & Resorts, Rotana and the Radisson Hotel Group. With a consistent vision, and strong momentum, DAMAC Properties is building the next generation of luxury living.