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Coral Residence is an eight-storey residential complex located in the central part of Dubai Silicon Oasis. Developed by Deyaar, the project features 145 residential units that are available to buy and rent. Properties include one- to three-bedroom apartments that vary in configuration, and units range in size from 770 sq. ft. to 1,543 sq. ft. One-bedroom apartments cost approximately AED 550,000 (USD 152,000), and three-bedroom apartments have a maximum price of approximately AED 930,000 (USD 257,000). The complex provides a variety of amenities and services, including:
High-speed elevators
24-hour security services and video surveillance
Gym
Swimming pool
Jacuzzi, sauna, and steam bath
Lounge area on the terrace level
Barbecue area
Event space
Children’s playground and pool
Information services on the first floor
Technical services
Central air conditioning
Fire alarm system and fire extinguishing system
Parking on the ground floor
Pet-friendly accommodations
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Coral Residence is located in an up-and-coming part of Dubai. The complex is situated near one of the city’s main highways, which provides easy access to other parts of the emirate. The nearest bus stops, Arch Building, Al Waha Masjid, and Avenue Mall 1, can be reached within a three-minute walk of the apartments, and cab services can be found throughout the neighbourhood.
There are several social and leisure facilities located within a 10-minute walk of the building, including:
One-bedroom apartments in Dubai Silicon Oasis have a return on investment rate of 7.5%. Properties can be purchased to subsequently rent out on a long-term basis, which can generate a passive income. Tenants and investors are attracted to Coral Residences because of its convenient location within a community that has a well-developed infrastructure. The building features well-designed accommodations and all of the necessary amenities to ensure a comfortable living environment.
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