501, Coral Reef
Sold prices and rental history: sold once, by the developer in December 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Coral Reef
What is 501 worth today?
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Source: Dubai Land Department. Updated 6 December 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,454 sqft
- Floor
- 5th of 48
- Parking
- 1
- Developer
- DAMAC
- Last sold
- AED 1.81M · December 2023
- Building
- Coral Reef
About 501, Coral Reef
501 is a two-bedroom apartment of 1,454 sqft on the 5th floor of Coral Reef, a 48-storey tower in Dubai Maritime City by DAMAC. The developer sold it on 6 December 2023 for AED 1,806,000, or AED 1,242 per sqft, 49% below the AED 2,439 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 501 over time
501 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in Coral Reef, and where 501 sits
All 66 2-beds →501 last sold in December 2023 at AED 1,242 per sqft, 49% below what two-beds in Coral Reef were fetching at the time (AED 2,439). Over the last 12 months two-beds sold for AED 3,145,000, around AED 2,350 per sqft.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Jun 202611 June 2026 | 1,338 sqft | 3,145,000 | 2,350 | ||
| 27 Feb 202527 February 2025 | 1,178 sqft | 2,994,000 | 2,540 | ||
| 19 Feb 202519 February 2025 | 1,178 sqft | 3,218,000 | 2,730 | ||
| 10 Feb 202510 February 2025 | 1,338 sqft | 3,050,000 | 2,279 |
Coral Reef
Building278 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
Other units on the 5th floor
All 278 units in Coral Reef| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 1-bed | 1,017 sqft | AED 1.74MAED 1,735,000 · Dec 2023December 2023 | ||
| 503 | 3-bed | 1,804 sqft | AED 3.17MAED 3,170,320 · Feb 2024February 2024 | ||
| 504 | 1-bed | 994 sqft | AED 1.73MAED 1,725,000 · Dec 2023December 2023 | ||
| 505 | 1-bed | 1,029 sqft | AED 2.53MAED 2,527,000 · Dec 2023December 2023 | ||
| 506 | Studio | 531 sqft | AED 2.88MAED 2,882,000 · Dec 2023December 2023 |
501, Coral Reef in numbers
- Sold once: by DAMAC on 6 December 2023 for AED 1,806,000, or AED 1,242 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 6 December 2023.
Questions about 501, Coral Reef
What did unit 501 last sell for?
AED 1,806,000 on 6 December 2023, sold by the developer: AED 1,242 per sqft for 1,454 sqft. It is the only registered sale of the unit.
How big is unit 501?
1,454 sqft (135.1 sqm): a two-bedroom apartment on the 5th floor of a 48-storey tower.
What is unit 501 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 501, Coral Reef
Starts from the last sale price (AED 1.81M, 6 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,806,000
- Deposit, UAE resident (20%)
- AED 361,200
- Deposit, non-resident (40%)
- AED 722,400
- Monthly over 25 years at 3.7%
- AED 7,389
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →