2-bed · 1,380 sqftCoral Reef, Dubai Maritime City · 1st floor

1506, Coral Reef

Sold prices and rental history: sold once, by the developer in February 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 13 February 2024
Last soldAED 3.04M13 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1506, Coral Reef

What is 1506 worth today?

Last sold for AED 3,036,000 in 2024

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13 Feb 2024Sold by developerOff-plan
AED 3,036,000AED 2,199 per sqft

Source: Dubai Land Department. Updated 13 February 2024.

Key facts

Type
2-bed apartment
Size
1,380 sqft
Floor
1st of 48
Parking
1
Developer
DAMAC
Last sold
AED 3.04M · February 2024
Building
Coral Reef

About 1506, Coral Reef

1506 is a two-bedroom apartment of 1,380 sqft on the 1st floor of Coral Reef, a 48-storey tower in Dubai Maritime City by DAMAC. The developer sold it on 13 February 2024 for AED 3,036,000, or AED 2,199 per sqft, 8% below the AED 2,391 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1506 over time

Sales
Unit 1506, each saleTypical two-bed in Coral Reef
2.9M3M2023202420252026Typical sale price by year: 2023 AED 2,875,320; 2024 AED 3,027,500; 2025 AED 3,050,000Sold by developer, February 2024: AED 3,036,000 (AED 2,199 per sqft)

1506 has sold once; the dashed line is the two-bed median of each year in the building.

2-beds in Coral Reef, and where 1506 sits

All 66 2-beds →

1506 last sold in February 2024 at AED 2,199 per sqft, 8% below what two-beds in Coral Reef were fetching at the time (AED 2,391). Over the last 12 months two-beds sold for AED 3,145,000, around AED 2,350 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Jun 20263,145,000
27 Feb 20252,994,000
19 Feb 20253,218,000
10 Feb 20253,050,000
1 2-bed sale in the last 12 months

Coral Reef

Building

278 apartments, studios to 3-bed over 48 floors in Dubai Maritime City by DAMAC. 4 sold in the last 12 months.

Typical price per sqft
AED 2,432
Typical sale
AED 2.03M
Typical rent
Few contracts
Typical yield
Coral Reef, Dubai Maritime City: prices, sales and rents →

Other units on the 1st floor

All 278 units in Coral Reef
Value
10012-bedAED 1.86M · Dec 2023
10021-bedAED 1.78M · Dec 2023
10033-bedAED 3.42M · Jan 2024
10041-bedAED 1.77M · Dec 2023
10051-bedAED 2.6M · Dec 2023
1006StudioAED 2.87M · Dec 2023
11012-bedAED 1.86M · Dec 2023
1–7 of 59

1506, Coral Reef in numbers

  • Sold once: by DAMAC on 13 February 2024 for AED 3,036,000, or AED 2,199 per sqft.
  • Two-beds in Coral Reef sold for AED 3,145,000–3,145,000 in the 12 months to November 2026; the building's median across all types is AED 2,432 per sqft.

Source: Dubai Land Department. Updated 13 February 2024.

Questions about 1506, Coral Reef

What did unit 1506 last sell for?

AED 3,036,000 on 13 February 2024, sold by the developer: AED 2,199 per sqft for 1,380 sqft. It is the only registered sale of the unit.

How big is unit 1506?

1,380 sqft (128.2 sqm): a two-bedroom apartment on the 1st floor of a 48-storey tower.

What is unit 1506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Coral Reef sold for AED 3,145,000 to 3,145,000 in the last 12 months, around AED 2,350 per sqft.

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Mortgage on 1506, Coral Reef

Starts from the last sale price (AED 3.04M, 13 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,036,000
Deposit, UAE resident (20%)
AED 607,200
Deposit, non-resident (40%)
AED 1,214,400
Monthly over 25 years at 3.7%
AED 12,421

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →