The project
About Coralis Residences
Coralis Residences is a mid-rise project in Meydan offering one- to five-bedroom apartments alongside sky villas.
Amenities include a spa, wellness centre and tennis court, with delivery guided for mid-2028.
Payment
Payment plan
10/50/40
At a glance
Coralis Residences key facts
- Developer
- Palladium Development
- Community
- Meydan
- Status
- Under construction
- Handover
- Q2 2028
- Starting price
- AED 1.95M
- Unit types
- 1 Bedroom, 2 Bedroom, 3 Bedroom, 4 Bedroom, 5 Bedroom Sky Villa
- Payment plan
- 10/50/40
- Ownership
- Freehold — open to all nationalities
Process
How to buy at Coralis Residences
- 01
Shortlist and reserve
Choose a unit type and view at Coralis Residences and secure it with the booking deposit set out in the payment plan.
- 02
Sign the SPA
Palladium Development issues the Sales and Purchase Agreement. Review the payment schedule, handover clause and specification before signing.
- 03
Oqood registration
The off-plan sale is registered with the Dubai Land Department (Oqood). The 4% DLD fee is payable at this stage.
- 04
Construction instalments
Instalments are paid into the project escrow account as construction milestones are reached.
- 05
Handover and title deed
On completion (scheduled Q2 2028), the final payment is made, a snagging inspection takes place and the title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Sky villa residences
- Spa and wellness facilities
- Meydan setting close to Downtown
What to weigh
- Developer name appears as both Palladium Development and Palladium Prime
- One portal lists AED 1.9M rather than 1.95M
FAQ
Coralis Residences — frequently asked questions
What is the starting price of Coralis Residences?
Published pricing at Coralis Residences starts from AED 1.95M. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of Coralis Residences?
Coralis Residences is scheduled for handover in Q2 2028. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for Coralis Residences?
10/50/40
Who is the developer of Coralis Residences?
Coralis Residences is developed by Palladium Development in Meydan, Dubai.
What unit types are available at Coralis Residences?
Coralis Residences offers 1 Bedroom, 2 Bedroom, 3 Bedroom, 4 Bedroom, 5 Bedroom Sky Villa.
Where is Coralis Residences located?
Coralis Residences is in Meydan, Dubai.
Can foreigners buy at Coralis Residences?
Yes. Meydan is a freehold area, so buyers of any nationality can own property at Coralis Residences outright.
Does buying at Coralis Residences qualify for the UAE Golden Visa?
The entry price of AED 1.95M is below the AED 2 million threshold for the property Golden Visa; larger units priced at AED 2 million or more can qualify, subject to current ICP rules.
What are the purchase costs at Coralis Residences?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 78K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at Coralis Residences?
MRK Real Estate advises on primary purchases and resales at Coralis Residences. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-11-01. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with Palladium Development before any transaction.
