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Coral Residence, Dubai Silicon Oasis

Coral Residence, Dubai Silicon Oasis

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Strengths

Modern Amenities

Strategic Location

Spacious Apartments

Weakens

High Rental Prices

Limited Public Transport

Maintenance Issues

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Description

Coral Residence, Dubai Silicon Oasis

Real Estate Overview

Building Overview

  • Coral Residence is a modern residential tower located in the Dubai Silicon Oasis, offering a blend of contemporary design and comfort.
  • The building is strategically located near significant transport links, enabling easy access to the rest of Dubai.
  • Local landmarks include educational institutions like the Silicon Oasis College, as well as a variety of retail outlets and green spaces.

Properties Overview

  • Coral Residence features a mix of unit types, including spacious studios, one, two, and three-bedroom apartments, catering to a range of lifestyles.
  • Popular units in the building are known for their modern layouts and high-quality finishes.
  • Current rental prices for one-bedroom apartments range from AED 40,000 to AED 60,000 annually, while purchase prices for similar units start around AED 600,000.

Market Trends

  • The rental market in Dubai Silicon Oasis has seen a steady increase in demand, with a year-on-year rental growth of approximately 5%.
  • Sales in the area have remained stable, with strong interest from investors due to the potential for high returns, estimated at around 7-9% ROI.
  • Forecasts suggest continued appreciation in property values as the area develops further with ongoing infrastructure projects.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Coral Residence is conveniently located near several supermarkets, schools, and healthcare facilities, including clinics and pharmacies.
  • Reputable educational institutions nearby enhance the area’s appeal to families.

Transportation and Accessibility

  • The building benefits from excellent public transport options, including bus routes and the Dubai Metro, making commuting a breeze.
  • Easy access to major highways such as Sheikh Mohammed Bin Zayed Road ensures quick connectivity to other parts of Dubai.

Lifestyle Amenities

  • Residents can enjoy a variety of lifestyle amenities, including a well-equipped gym, swimming pool, and landscaped gardens.
  • A selection of restaurants and cafes within walking distance offers a vibrant dining experience.

Builing Facilities

  • State-of-the-art facilities include high-speed elevators, around-the-clock security, and central air conditioning for year-round comfort.
  • Regular maintenance services ensure the building is kept in pristine condition.

Special Services

  • Coral Residence offers exceptional services such as concierge support, guest services, and dedicated business centers for professionals.
  • Unique amenities, including recreational areas and lounge spaces, foster a sense of community among residents.

Planning Your Move or Investment

Floor Plans and Property Types

  • The building offers a variety of well-designed floor plans, accommodating different lifestyle needs and preferences, from cozy studios to expansive family units.

Things to Consider

  • Before making a decision, consider factors such as your budget, desired amenities, and proximity to schools and workplaces.

Useful FAQs and Support

Events and Building Life

Building Events

  • Coral Residence hosts regular community events and gatherings, providing residents with opportunities to socialize and build relationships.
  • Seasonal celebrations and holiday parties encourage a vibrant community spirit.

Community Identity

  • What sets Coral Residence apart is its commitment to fostering a friendly and welcoming atmosphere, along with its diverse community and modern amenities.
  • The building often participates in local events, promoting social engagement and community well-being.

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Detailed Buiding Insights

1. Family Friendliness

Coral Residence is designed with families in mind, offering spacious apartments, child-friendly amenities, and proximity to schools and parks, making it an ideal environment for raising children.

Exceptionally Welcoming

2. Living Options

The community offers a variety of living options including 1, 2, and 3-bedroom apartments, catering to different family sizes and preferences, with modern designs and finishes.

Broadly Diverse

3. Safety And Security

Coral Residence provides 24/7 security services, gated access, and surveillance systems, ensuring a safe environment for all residents.

Remarkably Secure

4. Transportation

While public transportation access is improving, residents primarily rely on personal vehicles or taxis. Major roads are accessible, easing commutes to key areas in Dubai.

Moderately Convenient

5. Amenities And Facilities

The community features an array of amenities including a fitness center, swimming pool, playgrounds, and recreational areas, enhancing the living experience for residents.

Richly Equipped

6. Cost Of Living

Living costs are reasonable compared to other areas in Dubai, with varied rental prices and utilities, making it accessible for many families and young professionals.

Relatively Balanced

7. Things To Do

Residents can enjoy various activities in and around Dubai Silicon Oasis, including shopping, dining, and entertainment options, catering to all age groups and interests.

Vibrantly Diverse

8. Noise Levels

The community maintains a calm atmosphere with minimal noise pollution, largely due to its residential focus and clever design reducing sound between apartments.

Generally Peaceful

9. Pet Friendliness

Many residents have pets, and the community is pet-friendly with designated areas for walking dogs, ensuring pet owners feel welcomed and comfortable.

Warmly Accommodating

Price Insights

Price Trends
2 Bedrooms apartments rented in Damac and Dubai Marina
Average Prices
This data displayed is based on properystellar last 12 months data.
Name Type Avg. Price (AED / year)
Villa (2Beds)
Sale
1.3M AED
Apartment (1Beds)
Sale
850K AED
Villa (3Beds)
Rent
168K AED

Map Overview

Park and Outdoor Fitness & Gym Hospital and Clinics Shopping Center and Groceries Restaurant & Cafeterias
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Local Information

Buy:

261.2K AED - 368K AED

Rent:

22.5K AED - 34.8K AED

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