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Off-planUnder construction

Coral Reef

by DAMAC Properties Dubai Maritime City

About Coral Reef

Coral Reef is a residential and retail tower by DAMAC Properties, in Dubai Maritime City, Dubai. It rises 54 storeys (1 basement level, a ground floor, 6 podium levels and 47 floors), built as a concrete structure with internal and external finishes. The project comprises 280 homes.

Key information

DAMAC Properties
Developer
DAMAC Properties
Expected handover
TBC
Status
Under construction
Location
Dubai Maritime City, Dubai
Master project
Dubai Maritime City
Construction started
2023
Number of buildings
1
Number of units
280
Registered with DLD
18 Aug 2023
Escrow bank
Dubai Islamic Bank
Escrow account no.
001582132366501
DLD transfer fee
4%

Source: official Dubai Land Department project data.

Project timeline

  1. Construction started
    2023
  2. Under construction
    33% complete
  3. Expected handover
    TBC

Construction progress

36 inspection photos from the Dubai Land Department. Latest 10 Aug 2026 at 33% complete.

Coral Reef construction — photo 1
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Coral Reef construction — photo 36

Amenities

Physical features recorded on the Dubai Land Department buildings register.

Swimming Pool
Covered Parking
6 Elevators
56 Floors
Retail & Shops

Sales and prices

Recorded sales from the Dubai Land Department register, not asking prices.

Recorded sales
289
Median price
AED 2.1M
Median price / sqft
AED 2K+6%
Off-plan share
100%

Sold by bedroom

LayoutSoldTypical sizeAvg priceAvg / sqft
1 Bed154790 sqftAED 1.9MAED 2K
2 Bed891,268 sqftAED 3.0MAED 2K
3 Bed461,769 sqftAED 3.7MAED 2K

Price per sqft by year

+6% since 2023

AED/sqft

Recent recorded sales

DateTypeSizePricePrice / sqft
11 Jun 2026Off-plan1,338 sqftAED 3.1MAED 2K
25 May 2026Off-plan780 sqftAED 2.1MAED 3K
31 Mar 2026Off-plan796 sqftAED 2.0MAED 3K
18 Nov 2025Off-plan787 sqftAED 1.7MAED 2K
27 Aug 2025Off-plan780 sqftAED 2.1MAED 3K
21 May 2025Off-plan779 sqftAED 1.6MAED 2K
30 Apr 2025Off-plan787 sqftAED 1.8MAED 2K
20 Mar 2025Off-plan787 sqftAED 1.7MAED 2K

Unit mix

280 registered units, by layout and size, from the Dubai Land Department.

LayoutUnitsSize range
Commercial1-
1 B/R147765 - 932 sqft
2 B/R861,178 - 1,380 sqft
3 B/R461,735 - 1,804 sqft

Payment plan

Payment plans are set by DAMAC Properties and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.

Request the payment plan

Location

Approximate location in Dubai Maritime City, Dubai.

Coral Reef

Dubai, United Arab Emirates

Frequently asked questions

Coral Reef has a planned handover of a date not yet on the register, and the latest DLD inspection puts construction at 33% complete.

Handover TBC33% complete

Coral Reef

Enquire