Coral Isle by Grovy: Apartments on Dubai Islands from AED 1.95M
An Island Address Off Dubai's Northeastern Coast
Coral Isle is an apartment project developed by Grovy Real Estate Developers on Dubai Islands, a waterfront district off the northeastern coast of Dubai near Deira. The project launched for booking in April 2025, broke ground the following day, and is scheduled for completion in March 2027.
Dubai Islands sits off the coast and connects to the mainland via road through Deira. Business Bay and Downtown Dubai are roughly 25 to 30 minutes by car from there. Dubai International Airport is closer, at about 15 to 20 minutes. The Deira road connection also links to the main road corridors running south. The island setting means the development has a coastal address by default. Residents are on the water, not adjacent to it.
What AED 1.95M to AED 3.8M Covers
All units are apartments. Three configurations are available. 1-bedroom units (Type A) span 967 sq ft and start at AED 1,953,000. 2-bedroom apartments (Type B) cover 1,150 sq ft from AED 2,296,000. 3-bedroom units (Type C) reach 1,829 sq ft with a starting price of AED 3,798,000.
Pricing runs close to AED 2,000 to AED 2,080 per sq ft across all three types. The spread from AED 1.95M to AED 3.8M is driven by floor area, not a per-square-foot premium on larger units. What you pay more for is space. A buyer at the low end gets a compact one-bedroom suited to a single occupant or a yield-focused investor. At the top of the range, the 1,829 sq ft three-bedroom suits families or buyers who want a primary residence with real room. The step from the one-bedroom to the three-bedroom is nearly double in both size and price, which means the per-square-foot value is consistent throughout.
Amenities
| Category | Amenities |
|---|---|
| Wellness | Infinity Pool, Gymnasium, Well-being and Fitness |
| Outdoors | Landscaped Gardens, Children's Play Area |
| Practical | Garage, CCTV Security |
Seven amenities, with wellness as the dominant cluster. An infinity pool, a gym, and a dedicated well-being center together give residents a self-contained fitness setup on site. The children's play area and landscaped gardens show Grovy has targeted families alongside investors. The gardens carry particular weight in an island setting, where residents without private terraces rely more on shared outdoor space. CCTV and a covered garage round out the practical baseline.
March 2027 Handover: The Off-Plan Window
Construction began in April 2025. Booking opened just one day before construction started. Completion is scheduled for March 2027, a two-year build from start to handover. A buyer entering now has approximately 21 months before keys are available. For investors, rental income begins at handover in Q1 2027. For owner-occupiers, the construction period aligns with the payment schedule's lighter early instalments before the larger back-end tranche falls due.
Getting In on 20% Down
| Stage | Percentage |
|---|---|
| Down payment | 20% |
| During construction | 40% |
| Post-handover | 40% |
The structure starts with a 20% down payment. The more notable element is the 40% post-handover tranche. On the entry unit at AED 1,953,000, the breakdown is AED 390,600 at signing, AED 781,200 spread across the construction period, and AED 781,200 payable after delivery. The construction-phase payments are lighter than the back-end. For investors, the post-handover tranche falls due when the unit starts generating rent. For end-users, the unit is liveable before the final and largest tranche is cleared.