Official imagery, floor plans and the full brochure for Coral Reef are available on request. We publish only developer-supplied media we are licensed to use.
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About Coral Reef
Coral Reef is a 48-storey residential tower by DAMAC Properties in Dubai Maritime City with around 279 one- to three-bedroom apartments overlooking the sea.
Entry pricing is quoted between AED 1.6M and AED 1.8M on a 70/30 plan with 20% at booking.
Handover is targeted for Q1 2028 (March 2028), with one broker citing Q3 2028.
Pricing
Published pricing by configuration
As published by the sources listed at the foot of this page. Developer pricing changes between releases — confirm before relying on any figure.
Payment
Payment plan
70/30 — 20% on booking, 50% during construction, 30% on handover
At a glance
Coral Reef key facts
- Developer
- DAMAC Properties
- Community
- Dubai Maritime City
- Status
- Under construction
- Handover
- Q1 2028
- Starting price
- AED 1.6M
- Total units
- 279
- Unit types
- 1 Bedroom, 2 Bedroom, 3 Bedroom
- Payment plan
- 70/30
- Ownership
- Freehold — open to all nationalities
Cost breakdown
What you pay, and when
Worked example on the starting price of AED 1.6M. Amounts scale with the unit you choose.
Units priced at AED 2M or more qualify for the 10-year UAE Golden Visa (subject to current ICP rules).
Process
How to buy at Coral Reef
- 01
Shortlist and reserve
Choose a unit type and view at Coral Reef and secure it with the booking deposit set out in the payment plan.
- 02
Sign the SPA
DAMAC Properties 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 Q1 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
- Major developer
- Open sea views from a high-rise
- 70/30 construction-linked plan
What to weigh
- Only 30% deferred to handover
- Resale listings priced well above launch
- Maritime City is still maturing as a district
FAQ
Coral Reef — frequently asked questions
What is the starting price of Coral Reef?
Published pricing at Coral Reef starts from AED 1.6M. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of Coral Reef?
Coral Reef is scheduled for handover in Q1 2028. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for Coral Reef?
70/30 — 20% on booking, 50% during construction, 30% on handover
Who is the developer of Coral Reef?
Coral Reef is developed by DAMAC Properties in Dubai Maritime City, Dubai.
What unit types are available at Coral Reef?
Coral Reef offers 1 Bedroom, 2 Bedroom, 3 Bedroom across 279 units.
Where is Coral Reef located?
Coral Reef is in Dubai Maritime City, Dubai.
Can foreigners buy at Coral Reef?
Yes. Dubai Maritime City is a freehold area, so buyers of any nationality can own property at Coral Reef outright.
Does buying at Coral Reef qualify for the UAE Golden Visa?
The entry price of AED 1.6M 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 Coral Reef?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 64K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at Coral Reef?
MRK Real Estate advises on primary purchases and resales at Coral Reef. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-10-31. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with DAMAC Properties before any transaction.
