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Coral Reef
Coral Reef is a sea-view apartment tower by DAMAC Properties in Dubai Maritime City.
Sold out from the developer. Homes here now come up as resales from the first buyers. Ask us what is available.
Launched from AED 1.66m
- ≈ £338k · $452k
Plan: 70/30
Handover: Q1 2028
Since 2003 · Dubai + London · Licence 601049 · RERA ORN 1219
Key information
Coral Reef at a glance
- Developer
- DAMAC Properties
- Location
- Dubai Maritime City
- Homes
- 1, 2, 3
- Handover
- Q1 2028The developer’s date. Use the date in your sale agreement.
- Government fee
- 4% of the price to the Dubai Land DepartmentAED 66,400 on the starting price
- Payment plan
- 70/30
All key information2 more facts: status, progress
- Status
- Sold out
- Progress
- About 27% built (DLD-derived portal data, April 2026)
Checked 13 October 2026 against the developer’s own pages and public records. Starting prices are the developer’s published figures and change often: ask for today’s price list.
Reviewed by Ayman Hoque, Operations Manager, Live Dubai InternationalDubai Land Department broker card no. 55937 · Checked 13 October 2026 · 3 sources
What stands out
- Sea-view tower in Dubai Maritime City
- 1, 2 and 3 bedroom apartments
- Sold out from the developer; resales only
More that stands out2 more points and 3 amenities listed by the developer
- About 27% built in April 2026
- Handover expected Q1 2028
- Cascading pools
- Floating cinema
- Spa
Payment plan
How you pay for Coral Reef
70% during construction and 30% on handover.
What it costs to buy
- PriceFrom AED 1.66m
- Dubai Land Department fee (4%)AED 66,400
- RegistrationAbout AED 520
- Developer’s admin feeVaries by project
Pounds and dollars are a guide, at mid-market rates on 3 November 2026; your bank’s rate will differ. Plans as published by the developer change between launches and unit types: we confirm the current plan in writing with the price list, and yours is the one in the sale agreement.
Before you buy
Before you buy, check
- DAMAC's page shows homes as available on request, so most purchases will be resales.
- Published floor counts differ (48 and 55 storeys). Confirm your floor and view.
- 30% of the price is due at handover.
- Ask for the latest DLD construction figure.
Check the project and its escrow account with the Dubai Land Department before you pay.
Who Coral Reef suits2 kinds of buyer
- Buyers who want a sea-view apartment near old Dubai
- Buyers happy to buy a resale home before completion
Prices and floor plans
Today’s prices for Coral Reef
We send the current price list, floor plans and payment plan, and tell you honestly how it compares with similar projects. No spam.
More about Coral Reef
Where it isDubai Maritime City
Coral Reef is in Dubai Maritime City, a peninsula between Port Rashid and the Dubai dry docks. The area is reached by road and has no metro station of its own.
Common questions5 answered from the facts above
When will Coral Reef be finished?
Handover is expected in Q1 2028, with March 2028 quoted by sources using DLD data.
Who is the developer of Coral Reef?
DAMAC Properties, a private Dubai developer founded in 2002.
Where is Coral Reef?
In Dubai Maritime City, on the coast between Port Rashid and the dry docks.
What homes are available at Coral Reef?
The tower has 1, 2 and 3 bedroom apartments. The developer's stock is sold, so homes are available as resales.
What is the payment plan at Coral Reef?
The published plan is 70/30: 70% during construction and 30% on handover.
Everything elseOther DAMAC projects, sources
This page is a guide, not financial advice. Details come from the developer and public records and can change. Check the project and its escrow account with the Dubai Land Department before you pay.