Coralis Residences: Entry at 10% in Meydan
Coralis Residences is a residential project by Palladium Development in Meydan, Dubai. The price range runs from AED 1,950,000 to AED 26,000,000. That spread is not noise. It reflects two genuinely different product types within the same development, and buyers need to understand which one they are looking at before they evaluate the numbers.
What the Price Spread Tells You
The standard units are one, two, and three-bedroom apartments. One-bedrooms start at AED 1.95M for 796 to 839 sq ft. Two-bedrooms sit at AED 2,475,000 for around 1,119 to 1,162 sq ft. A three-bedroom unit comes in at AED 4.5M for 2,021 sq ft.
At the top of the range are two sky villas. Sky Villa 1 is a four-bedroom unit spanning 6,824 sq ft at AED 26M. Sky Villa 2 is a five-bedroom at 4,240 sq ft. These are large-format residences operating at a completely different scale from the apartments below.
For most buyers, the relevant benchmark is the apartment range: AED 1.95M to AED 4.5M for one to three bedrooms. That is mid-market positioning for Meydan.
Meydan: The Practical Case for This Location
Meydan sits between Downtown Dubai and the outer communities to the south. The district is known for the Meydan Racecourse and has seen significant residential development over the past decade. Metro access is listed as a facility in this development.
That matters because Meydan has historically been car-dependent. A project with metro access removes a real friction point for residents and renters. Business Bay and Downtown are reachable in a short ride. Dubai International Airport is in the opposite direction but similarly accessible. For investors, the metro connection broadens the tenant pool.
Apartments and Sky Villas: Two Different Products
The project offers apartments and sky villas. The apartments serve two groups: investors looking for a well-connected Meydan address, and owner-occupiers who want a mid-market residence close to the city center without Downtown pricing.
The sky villas are a separate product. The four-bedroom unit at AED 26M and roughly 6,800 sq ft targets buyers looking for large-format space. The five-bedroom at 4,240 sq ft extends the same offer at a different scale. These are primary residences or long-hold assets for buyers at the top of the market.
What the Amenity Set Signals
| Category | Facilities |
|---|---|
| Fitness & Wellness | Gymnasium, Indoor Swimming Pool |
| Outdoor & Community | Landscaped Gardens, Children's Play Area |
| Connectivity & Services | Metro access, Restaurants |
An indoor pool stands out here. Most Dubai developments offer outdoor pools only, which are unusable in peak summer heat. An indoor pool indicates a commitment to year-round usability. The children's play area and landscaped gardens confirm a family-oriented pitch, while on-site restaurants suggest the development aims to be self-contained.
This amenity set targets a resident who values daily convenience and will not trade down on fitness infrastructure. It is consistent with the mid-to-upper-mid pricing of the apartment range.
Completion Scheduled for Mid-2028
Construction started in December 2025. The scheduled handover is June 2028, giving the project a roughly two-and-a-half-year build timeline. For an off-plan buyer entering now, that means approximately two years until delivery.
Getting In for 10%
| Stage | Payment |
|---|---|
| Down payment | 10% |
| During construction | 50% |
| Handover | 40% |
The 10% down payment makes entry accessible relative to the purchase price. On a one-bedroom at AED 1.95M, the initial outlay is AED 195,000. On a three-bedroom at AED 4.5M, it is AED 450,000.
The 50% paid across construction milestones is the main cash deployment phase. The final 40% is due at handover in June 2028 as a single payment at delivery. The bulk of the financial commitment lands in two stages: the construction draws over roughly two years, then the balance on the keys.