Off-PlanDubai

DAMAC Properties · Dubai

Coral Reef

Dubai Maritime City, Dubai

Bedrooms

1 – 3 Bed

Type

Apartment

Payment Plan

20% deposit, staged installments to 48 months, 3×2% at 70/80/90% completion, 30% on completion — confirm exact terms

Handover

Q1 2028

Payment Plan

Deposit

Immediate

20%

1st Installment

Within 3 months of sale date

2nd Installment

Within 6 months of sale date

3rd Installment

Within 9 months of sale date

4th Installment

Within 12 months of sale date

5th Installment

Within 15 months of sale date

6th Installment

Within 18 months of sale date

7th Installment

Within 21 months of sale date

8th Installment

Within 24 months of sale date

9th Installment

Within 27 months of sale date

10th Installment

Within 30 months of sale date

11th Installment

Within 33 months of sale date

12th Installment

Within 36 months of sale date

13th Installment

Within 39 months of sale date

14th Installment

Within 42 months of sale date

15th Installment

Within 45 months of sale date

16th Installment

Within 48 months of sale date

17th Installment

On 70% Completion Milestone

18th Installment

On 80% Completion Milestone

19th Installment

On 90% Completion Milestone

20th Installment

On Completion

30%

Total100%

Amounts are indicative based on starting price. Developer contract sets the exact instalment schedule.

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Building Height

54 Floors

Total Units

279

Starting Price

AED 1.66M

Handover

Q1 2028

At a Glance

54-storey tower in Dubai Maritime City, organic coral-inspired architecture by UNStudio
Second distinct DAMAC project in Dubai Maritime City this session, alongside Harbour Lights de GRISOGONO
Infinity LED pool engineered to feel like the edge of the horizon
Residents-only floating pool used for open-air movie nights
Walk-through coral tunnel and an above-water coral garden
1, 2 and 3-bedroom apartments only — 279 total units
Under construction since October 2023 — expected handover Q1 2028
Starting prices: 1-Bed AED 1.66M, 2-Bed AED 2.53M, 3-Bed AED 3.33M

About this project

Coral Reef is a 54-storey tower in Dubai Maritime City (DMC) — a third distinct DAMAC project in this waterfront district, on the shores of old Dubai across from Port Rashid, 16 minutes from Dubai International Airport. Organic, coral-inspired architecture by UNStudio shapes wavy, undulating balconies throughout, while amenities lean fully into the reef theme: an infinity LED pool, a residents-only floating pool used for open-air movie nights, a walk-through coral tunnel, and an above-water coral garden. Homes are 1, 2 and 3-bedroom apartments only — no penthouse or duplex tier. Under construction since October 2023 — expected handover Q1 2028. Ask a PropSentral advisor for current availability and pricing.

Interior, fully-furnished — click to enlarge

Amenities

Wellness & Fitness

Infinity LED Pool
Residents-Only Floating Pool (Movie Nights)
Spa

Outdoor & Views

Coral Tunnel Walkway
Above-Water Coral Garden

Lifestyle & Comfort

Sensorial Corridors

Investment Factors

Sourced demand and location factors — not a score, forecast, or recommendation. Use these to inform your own judgement.

Completion Status & Total Units

Neither the brochure nor the Payment Plan image discloses a total unit figure or handover date — WebSearch (Bayut) confirms 279 total units and a handover cited as Q1 2028 (March 2028), Q3 2028 or "2028" broadly across different sources; Q1 2028 used here as the most specific figure. Construction start (October 2023) is also WebSearch-sourced.

279 total units, handover Q1–Q3 2028 (sources vary), construction started October 2023Source: WebSearch — Bayut

Large Brochure Skipped

This project’s main EN digital brochure PDF was 191MB — far beyond this batch’s size-conscious download policy and impractical to offer as a lead-gen download. A much smaller (17.9MB) Product Presentation PDF was uploaded instead as the brochurePath; text was still extracted from the full 191MB brochure locally (not uploaded) to source the facts in this listing.

Imagery

Two genuine, project-specific images used: a dusk street-level render of the tower’s organic, coral-inspired wavy balcony facade with a colourful public art installation (crowned elephant sculptures) at the entrance plaza, and a spa render with a waterfall shower feature and a Downtown Dubai skyline view, featuring the same elephant mascot for brand consistency across the marketing set.

Not assessed here: competing/upcoming supply in the immediate area, projected capital growth, and future rental demand. These require independent research or a licensed local agent — ask a PropSentral advisor if you'd like help finding one.

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Location

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Map shows approximate project location. Exact site boundaries may vary.

About the Developer

DAMAC Properties

DAMAC Properties is a leading luxury real estate developer in the Middle East, with a portfolio spanning residential, commercial, hospitality and leisure properties. Known for landmark partnerships with Cavalli, Versace, Paramount Hotels, and Fendi Casa.

View all DAMAC Properties projects

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Starting from

AED 1.7M

20% deposit, staged installments to 48 months, 3×2% at 70/80/90% completion, 30% on completion — confirm exact terms · Handover Q1 2028

Dubai — Market Yield Range

5% – 12.5% gross p.a.

Market-wide historic data, not a forecast for this unit. PropSentral does not provide investment or financial advice — seek independent advice before deciding.

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Developer-Direct Pricing

Same price as booking through the developer — zero resale markup.

One Advisor, Start to Finish

A single point of contact from reservation through to handover — no chain of resellers.