New homes in Coral Reef start at AED 1,700,000; keys are due Mar 2028; you pay 20% to book, 50% while it is built and 30% at the keys.
In the 12 months to Oct 19, 2026, Dubai Land Department recorded 1,120 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Dubai Maritime City. Their median price is AED 3,182 per sq ft (about AED 2,469,000 at 776 sq ft). This project's from price is AED 2,191 per sq ft (AED 1,700,000 for its smallest home, 776 sq ft), 31% less.
Keys
Mar 2028
The developer's handover date
Payment plan
20 / 50 / 30
20% to book, 50% while it is built, 30% at the keys
Bedrooms
1 to 3 beds
Sizes
776 to 1,815 sq ft
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 2,191 per sq ft
Similar off-plan homes: AED 3,182 per sq ft
RERA project
2729
Check it in Dubai REST, the Dubai Land Department's official app.
Built
13%
Being built. DLD register, Jun 12, 2026
Escrow account
بنك دبي الاسلامي (شركة مساهمة عامة)
The bank that holds your payments
Registered homes
280
In 1 buildings
Paying for it
You pay 20% when you book, 50% as the building goes up, and 30% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
20%
AED 340,000
Feb 2027
While it is built
10%
AED 170,000
Apr 2027
While it is built
10%
AED 170,000
Jul 2027
While it is built
10%
AED 170,000
Oct 2027
While it is built
10%
AED 170,000
Dec 2027
While it is built
10%
AED 170,000
Mar 2028
Keys
30%
AED 510,000
Booking payment, 20%
AED 340,000
Dubai Land Department fee (Oqood), 4%
AED 68,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 408,000
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. Ask DAMAC Properties for the estimate.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 1,120 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Dubai Maritime City, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Too few similar homes in CORAL REEF sold in 24 months, so we compare with off-plan sales across Dubai Maritime City.
Dubai Land Department recorded 1,120 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in Dubai Maritime City, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 3,182 per sq ft
AED 1,710 to AED 2,119 per sq ft
19 sales
AED 2,119 to AED 2,527 per sq ft
65 sales
This project's from price is in this band.
AED 2,527 to AED 2,936 per sq ft
244 sales
AED 2,936 to AED 3,344 per sq ft
408 sales
AED 3,344 to AED 3,753 per sq ft
303 sales
AED 3,753 to AED 4,161 per sq ft
75 sales
AED 4,161 to AED 4,570 per sq ft
4 sales
AED 4,570 to AED 4,978 per sq ft
2 sales
AED 1,710 per sq ftAED 4,978 per sq ft
This project AED 2,191 per sq ft
Half of the sales sold for AED 2,871 to AED 3,480 per sq ft
The median is the middle sale: half sold for less, half for more.
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Price per sq ft
Sales
AED 1,710 to AED 2,119 per sq ft
19
AED 2,119 to AED 2,527 per sq ft
65
AED 2,527 to AED 2,936 per sq ft
244
AED 2,936 to AED 3,344 per sq ft
408
AED 3,344 to AED 3,753 per sq ft
303
AED 3,753 to AED 4,161 per sq ft
75
AED 4,161 to AED 4,570 per sq ft
4
AED 4,570 to AED 4,978 per sq ft
2
The 3 closest sales
Picked from the 1,120 similar sales above, closest in size to this project's smallest home.
Feb 2026AED 2,488,050AED 3,206 per sq ftCHELSEA RESIDENCES BY DAMAC TOWER-B, 776 sq ft
Nov 2025AED 2,284,000AED 2,943 per sq ftCHELSEA RESIDENCES BY DAMAC TOWER-B, 776 sq ft
Nov 2025AED 2,374,560AED 3,060 per sq ftCHELSEA RESIDENCES BY DAMAC TOWER-B, 776 sq ft
Sale prices from Dubai Land Department, Oct 20, 2025 to Oct 19, 2026. Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Dubai Maritime City in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
1-bed apartmentFrom AED 1,700,000 here
Off-plan medianAED 2,411,000AED 3,044 per sq ft
Sales1,736
31% below 1,120 similar sales
2-bed apartment
Off-plan medianAED 4,058,000AED 2,891 per sq ft
Sales797
3-bed apartment
Off-plan medianAED 6,019,000AED 3,139 per sq ft
Sales188
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from price
4.4%
Median rent of 1-bed apartments in Dubai Maritime City
AED 74,999 a year
Rent contracts counted
186
Rented between
Apr 1, 2025 and Mar 31, 2026
1-bed apartment
AED 74,999 a year
2-bed apartment
AED 106,999 a year
3-bed apartment
AED 143,999 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 74,999 ÷ AED 1,700,000 = 4.4%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Al Ghubaiba Metro Station2.6 km, 8 min driveMetro station
Nikki Beach2.6 km, 10 min driveBeach
New academy school3 km, 7 min driveSchool
GEMS Winchester School6.5 km, 12 min driveBritish school
Jumeirah Baccalaureate School5.7 km, 10 min driveIB school
The Indian High School6.2 km, 12 min driveIndian school
City Centre Al Shindagha2.5 km, 5 min driveMall
International Modern Hospital3.1 km, 6 min driveHospital
Dubai World Trade Centre5.7 km, 10 min driveOffices
Coral Reef is a 36-storey DAMAC Properties tower in Dubai Maritime City with 1- to 3-bedroom apartments from AED 1,700,000 and a listed handover of March 2028. Its from price is about 31% below 1,120 similar one-bedroom sales in Dubai Maritime City (12 months to October 2026).
The from price is about 31% below 1,120 similar one-bedroom sales in Dubai Maritime City (12 months to October 2026). The check compares price per square foot, not total price. Ask exactly which unit, floor and view the from price covers before you compare.
The plan is 20% on booking, 50% during construction and 30% at handover. At the from price you pay AED 340,000 to book, AED 850,000 during the build and AED 510,000 at handover. The listed handover is March 2028, about 16 months from now. Separately, the 4% DLD fee comes to AED 68,000; ask when it is due.
The tower has 36 floors, and DAMAC is working with French artist Vincent Faudemer on the design, with interiors themed on coral reefs. Homes have balconies. Sizes run from 776 to 1,815 sq ft. The listing gives one bedroom at about 776 sq ft, two at about 1,197 sq ft and three at about 1,770 sq ft.
Al Ghubaiba Metro Station is about 2.6 km away, an 8-minute drive, and Nikki Beach about 2.6 km. New Academy School is about 3.0 km away. La Mer seafront is about 9 minutes by car and Dubai World Trade Centre about 10. The listing does not state the ownership type, so confirm the ownership terms with the developer before you book.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
Type 1
Type 2
Type 3
How prices moved
Median price of 1-bed apartments in Dubai Maritime City, over the 12 months to each dateUp 28% from Dec 2024 to Sep 2026.
Dec 2024AED 2,384 per sq ft
Sep 2026AED 3,044 per sq ft
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12 months to
Median price
Sales
Sep 2026
AED 3,044 per sq ft
1,736 sales
Jun 2026
AED 3,050 per sq ft
2,609 sales
Mar 2026
AED 3,035 per sq ft
2,794 sales
Dec 2025
AED 2,981 per sq ft
2,884 sales
Sep 2025
AED 2,888 per sq ft
2,386 sales
Jun 2025
AED 2,545 per sq ft
1,824 sales
Mar 2025
AED 2,435 per sq ft
1,777 sales
Dec 2024
AED 2,384 per sq ft
2,092 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
How does the price compare with similar sales?
The from price is about 31% below 1,120 similar one-bedroom sales in Dubai Maritime City (12 months to October 2026). Ask what the from price buys before comparing.
How are the payments split?
20% on booking (AED 340,000 at the from price), 50% during construction (AED 850,000) and 30% at handover (AED 510,000). Separately, the 4% DLD fee comes to AED 68,000; ask when it is due.
How big are the apartments?
From 776 to 1,815 sq ft overall. The listing gives one bedroom at about 776 sq ft, two at about 1,197 sq ft and three at about 1,770 sq ft.
Who is behind the design?
DAMAC Properties is the developer, working with French artist Vincent Faudemer on a coral reef theme.
When is handover?
The listed handover is March 2028. Ask for a construction update before you book.
Can foreigners buy here?
The listing does not state the ownership type. Confirm the ownership terms with the developer.
