Coral Tower, Business Bay
Coral Tower is a 20-storey residential building in Business Bay, Dubai, developed by Emirates National Investment and completed in November 2014. Also marketed under its developer-branded name, ENI Coral Tower, the building sits directly on the Dubai Water Canal on Marasi Drive, with a mix of two, three and four-bedroom apartments. This guide covers what is confirmed about the building, plus what owners of one of its apartments should know about running it as a short-term rental.
Developer
Emirates National Investment
Storeys
20 (one source cites 19)
Completion
November 2014
Unit mix
2, 3 and 4-bedroom apartments
About Coral Tower
Coral Tower, also marketed under its developer-branded name ENI Coral Tower, is a 20-storey residential building in Business Bay, Dubai. It was developed by Emirates National Investment, with construction starting in April 2012 and completing in November 2014.
The building sits directly on the Dubai Water Canal on Marasi Drive, with four retail units at street level and a single basement level used for parking. Coral Tower offers a mix of two, three and four-bedroom apartments, and is freehold.
Reported storey counts and total unit numbers vary slightly by source. Most sources put the building at 20 storeys, though one describes it as 19 floors above ground. Total unit counts range from 141 to 146 depending on the source, with no single figure confirmed twice; this guide does not state one hard number for total units.
Location & Nearby Landmarks
Coral Tower sits in Business Bay directly on the Dubai Water Canal, on Marasi Drive, with Al Khail Road, Sheikh Zayed Road and Financial Centre Road all close by. Downtown Dubai, the Dubai Mall and Burj Khalifa are each roughly a 10-minute drive away, and Dubai International Airport is around 15 minutes by car.
Business Bay is also home to several other towers covered separately on royalestays.com, including Ubora Towers , Avarra by Palace and The Crestmark, each with its own layout and unit mix.
Coral Tower falls within Royale Stays' wider Business Bay coverage area, detailed in Airbnb Property Management in Business Bay.
Unit Types
Coral Tower’s apartments come in two, three and four-bedroom layouts, with no studios or one-bedroom units. Two-bedroom units are reported in the region of 1,300 to 1,500 square feet with two or three bathrooms, some with floor-to-ceiling windows. Three-bedroom units have a large hall suited to living and dining furniture, a spacious kitchen and en-suite bathrooms. There is reportedly just one four-bedroom unit in the building, at around 2,878 square feet, with a large hall, balcony access and en-suite bathrooms throughout.
Amenities
Coral Tower’s amenities include a swimming pool, a gymnasium, a health club with sauna and steam room, a prayer room, CCTV building security, high-speed lifts and dedicated basement parking. Four retail units at street level include a ladies’ salon and a couple of restaurants. Reported building-wide extras include a children’s play area and a small mini-golf facility.
Airbnb / Short-Term Rental Income Potential
Running one of Coral Tower’s apartments as a short-term rental follows the standard Dubai process: a DTCM holiday-home permit, professional photography, dynamic pricing, guest communications and housekeeping between stays.
Business Bay is one of the five areas Royale Stays actively manages, and real managed-portfolio figures from the district show 2-bedroom units averaging AED 801/night at 88% occupancy (AED 21,874/month), and 3-bedroom units averaging AED 1,212/night at 88% occupancy (AED 33,159/month) — figures that map directly onto two of Coral Tower’s three unit types. Royale Stays does not currently have a published area-level figure for 4-bedroom units, which Coral Tower reportedly has just one of.
Emirates National Investment is a private developer, not a hotel brand: there is no policy reason, unlike Vida, the site's only confirmed prohibited brand, that a Coral Tower apartment can't be run as a licensed holiday home. Royale Stays manages the full operation for a fee starting from 15%, covering furnishing, photography, pricing, check-in and guest communications. Owners can use the Dubai Property ROI Calculator to model potential returns, or submit their property for a free earnings estimate.
Questions