Coral Reef
Dubai · Maritime City
Coral Reef is a development in Maritime City, Dubai, built by DAMAC. The project is sold out. The development is under construction, with handover scheduled for Q1 2028.
Key facts
- Handover
- Q1 2028
- Status
- Under construction
- Construction progress
- 27%
- Availability
- Sold out
How Coral Reef compares
Maritime City holds 21 off-plan projects, with a median entry price of AED 3.0M. The plan opens at 20% down, against a Dubai median of 20%, in line with the market. Handover lands in Q1 2028, alongside 80 other projects completing in the same quarter. DAMAC has 29 projects in our catalogue, 3 of them in Maritime City.
Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.
Payment plan
Payment Plan
20%
Down payment
50%
During construction
30%
On handover
Amenities
- 2 Swimming Pools
- Coral Reef Vacation
- Gym
- Spa
- Sea Restaurant
- Beach Cinema
Location
Coral Reef sits in Maritime City.
Distance to landmarks (straight line)
- Jumeirah Beach5.2 km
- Dubai International Airport (DXB)9.5 km
- Palm Jumeirah22 km
Straight-line distance from the project's coordinates, not a drive time.
Master plan
The developer’s own site plan for Coral Reef, showing how the buildings, roads and open space sit together.
What you pay, and when
At launch, payments were staged 20% on booking, 50% during construction and 30% at handover. Buying now means a resale from a private owner, on whatever terms the two sides agree.
The Dubai Land Department registration fee is 4% of the purchase price, payable on top. Under Dubai's Law 8 of 2007 buyer payments are not paid to the developer directly: a registered project holds them in an escrow account supervised by RERA, released against certified construction progress.
Handover and construction
Handover is due in Q1 2028. Construction was last recorded at 27% complete.
Who it suits
The developer has sold out, so anything available here is a resale from a private owner.
What is on site
Shared facilities recorded for Coral Reef take in 2 swimming pools, coral reef vacation, gym, spa, sea restaurant and beach cinema.
Frequently asked
Can you still buy at Coral Reef?+
Coral Reef is sold out from the developer, so any purchase now is a resale from a private owner.
When does Coral Reef hand over?+
Coral Reef is scheduled to hand over in Q1 2028, alongside 80 other projects we track in the same quarter.
What is the payment plan at Coral Reef?+
The launch plan at Coral Reef was 20% on booking, 50% during construction and 30% at handover. The developer has sold out, so a purchase now is a resale from a private owner and the terms are whatever the two sides agree.
Which community is Coral Reef in?+
Coral Reef is in Maritime City, Dubai. We track 21 projects in Maritime City.
Who is building Coral Reef?+
Coral Reef is developed by DAMAC, who have 29 projects in our catalogue.
Before you commit
Ask about Coral Reef
Your advisor
Luxury Located Real Estate
Regulated as a brokerage by the Dubai Land Department and RERA
Replies the same day, seven days a week, with this project already attached.
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Related off-plan projects
Others in Maritime City, then more from DAMAC.
The Pier Residences
LMD · Maritime City
AED 7,341,965
Damac Harbour Lights
DAMAC · Maritime City
AED 6,666,000
LIV Maritime
LIV · Maritime City
AED 3,899,548
Kanyon by Beyond
Beyond Developments · Maritime City
AED 3,745,000
Franck Muller Yachting
London Gate · Maritime City
AED 3,550,000
Chelsea Residences
DAMAC · Maritime City
AED 3,002,000
Coral Reef is an off-plan development by DAMAC in Maritime City with handover in Q1 2028. See more DAMAC projects or all 21 off-plan projects in Maritime City. Developer data, verified by our team on 4 Sept 2026. Confirm current details with us before making a decision.