Palm Jumeirah AED 3,546/sqftDubai Maritime City AED 3,129/sqftDowntown Dubai AED 2,865/sqftDubai Islands AED 2,752/sqftDubai Creek Harbour AED 2,558/sqftBusiness Bay AED 2,490/sqftDubai Hills Estate AED 2,464/sqftDubai Marina AED 2,457/sqftJumeirah Lakes Towers AED 2,322/sqftMohammed Bin Rashid City AED 2,098/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,656/sqftDubai South AED 1,653/sqftArjan AED 1,585/sqftJumeirah Village Circle AED 1,487/sqftDubai Sports City AED 1,324/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,546/sqftDubai Maritime City AED 3,129/sqftDowntown Dubai AED 2,865/sqftDubai Islands AED 2,752/sqftDubai Creek Harbour AED 2,558/sqftBusiness Bay AED 2,490/sqftDubai Hills Estate AED 2,464/sqftDubai Marina AED 2,457/sqftJumeirah Lakes Towers AED 2,322/sqftMohammed Bin Rashid City AED 2,098/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,656/sqftDubai South AED 1,653/sqftArjan AED 1,585/sqftJumeirah Village Circle AED 1,487/sqftDubai Sports City AED 1,324/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO NOV 2026
Tower at Coral Reef — Dubai Maritime City, waterfront — Mitchell's Commercial Real EstateOFF-PLAN

DAMAC P S L Investment L.L.C

Coral Reef

Dubai Maritime City · Dubai

Coral Reef is a DAMAC tower of one-, two- and three-bedroom apartments in Dubai Maritime City, sold on a payment plan of a 20% deposit and 30% due on completion.

Unit types1, 2 & 3-bedroom apartmentsThe unit mix below has the detail per type.
Registered sales, median per unit, DLD, 21 May 2025 to 11 June 2026AED 2,029,500Median of 6 sales registered with the Dubai Land Department between 21 May 2025 and 11 June 2026, at a median 783 sq ft. Offices and shops excluded, duplicates removed — a dated extract, not a live query.
Payment plan70 / 30As published for this project, with 30% due on completion.
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Unit mix and the payment plan are DAMAC P S L Investment L.L.C's own, as published in this brief. The money figures are the Dubai Land Department transaction register as at 11 June 2026 — arm's-length sales only, offices and shops excluded, duplicates removed. A dated extract, not a live query.

At a glance

Project summary

5 lines
Developer
DAMAC P S L Investment L.L.C
Community
Dubai Maritime City, Dubai
Status
Off-plan
Unit mix
1, 2 & 3-bedroom apartmentsEvery type published in this brief’s unit mix.
Payment plan
70 / 30As published for this project, with 30% due on completion.

Project resources

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Unit mix

4 types, as published in this brief.
Unit typePlan typesLevels on the plansActions
1-bedroom apartmentA, B and C, each in versions 1 and 22 to 48, the two versions alternating floor by floor
1-bedroom apartmentD, E and F, each in versions 1 and 22 to 4
2-bedroom apartmentA and B, each in versions 1 and 25 to 48, the two versions alternating floor by floor
3-bedroom apartmentA, in versions 1 and 22 to 48, the two versions alternating floor by floor
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Unit types, plan types and levels as printed on the floor plans in DAMAC's brochure.

Payment structure

Payment schedule

The schedule as published for this project, totalling 100% of the purchase price. Percentages apply to whichever price is agreed for the unit selected.

Cumulative share of purchase price — each block is one instalment
First instalment: 20%Cumulative at final instalment: 100%
InstalmentShareCumulativeWhen due
Deposit20%20%Immediate
1st Installment4%24%Within 3 Months of Sale Date
2nd Installment4%28%Within 6 Months of Sale Date
3rd Installment4%32%Within 9 Months of Sale Date
4th Installment4%36%Within 12 Months of Sale Date
5th Installment3%39%Within 15 Months of Sale Date
6th Installment3%42%Within 18 Months of Sale Date
7th Installment3%45%Within 21 Months of Sale Date
8th Installment3%48%Within 24 Months of Sale Date
9th Installment2%50%Within 27 Months of Sale Date
10th Installment2%52%Within 30 Months of Sale Date
11th Installment2%54%Within 33 Months of Sale Date
12th Installment2%56%Within 36 Months of Sale Date
13th Installment2%58%Within 39 Months of Sale Date
14th Installment2%60%Within 42 Months of Sale Date
15th Installment2%62%Within 45 Months of Sale Date
16th Installment2%64%Within 48 Months of Sale Date
17th Installment2%66%On 70% Completion Milestone
18th Installment2%68%On 80% Completion Milestone
19th Installment2%70%On 90% Completion Milestone
20th Installment30%100%On Completion
Total100%

Payment plan as issued by DAMAC for Coral Reef: every row, stage wording and percentage as printed. The stages total 100%. RERA BRN 68593.

Market evidence

Registered sales

DLD registerAs at 11 Jun 2026

Independent, registered evidence — not asking prices. Every figure below is drawn from arm’s-length sales at Coral Reef recorded by the Dubai Land Department, taken from a single extract pulled on 13 Nov 2026 and covering sales registered up to 29 Oct 2026: 289 in all, the earliest dated 7 Dec 2023.

Median AED/sqft, last 6 months
AED 2,494
Apartments and villas, 2 sales to 29 Oct 2026
Registered sales, all time
289
7 Dec 2023 to 11 Jun 2026
PSF range
2,054 – 2,693
Low to high, AED/sqft, apartments since May 2025
Median sale price
AED 2.03M
Apartments since May 2025
Median AED/sqft by quarter, apartments since May 2025
n = registered sales in each quarter
2,7502,000AED/sqft2,0542025 Q21 txn2,6932025 Q31 txn2,1732025 Q41 txn2,5142026 Q11 txn2,4942026 Q22 txns
By bedroom count
BedsSalesMedian sizeMedian PSFMedian price
1 BR5780 sqft2,514AED 2M
2 BR11,338 sqft2,350AED 3.15M

A row in a lighter tone rests on fewer than 5 registered sales: read it as those sales, not as the rate for that bedroom count.

Off-plan first sale from the developer
2,432 AED/sqft
Median of 6 registered sales
100% of these sales
Most recent registered sales
All 6 apartment and villa sales since May 2025, to 11 Jun 2026
DateBedsSize (sqft)Price (AED)AED/sqft
11 Jun 20262 BR1,3383,145,0002,350
23 May 20261 BR7802,057,0002,638
31 Mar 20261 BR7962,002,0002,514
18 Nov 20251 BR7871,710,0002,173
27 Aug 20251 BR7802,100,0002,693
21 May 20251 BR7791,600,0002,054

Individual arm’s-length sales as registered with the Dubai Land Department. Sizes are as recorded on the title deed; price is the registered consideration, which excludes transfer costs and any agency or developer charges.

Registered DLD transactions for this project. Where the project appears in the DLD transaction feed, the headline comes from that feed. Its registered-sales count covers the project's whole history, with two exclusions. Where the project has also sold units or villas, sales of the land plot and of the whole building are left out. Office, shop, showroom, workshop and store sales are left out too, unless they make up more than half of the sales that remain; the project is then treated as commercial and they are counted. The headline median is the feed's last six months of apartment and villa sales only. Every other figure in this band (range, quarterly and monthly series, bedroom table, recent sales), and the headline itself where the project is not in the feed, comes from a separate extract of arm's-length 'Sales' of apartments only (flats, serviced apartments and stacked townhouses) since the first sale in that extract. The extract leaves out intra-family 'Gifts' transfers, zero-price rows, land, whole-building and villa sales, hotel rooms, and offices, shops, showrooms and other non-residential units; offices and shops price far above the apartments above them and would otherwise set the top of the price-per-square-foot range. Where the register holds the same sale twice, the duplicate is removed before anything is counted. A project is published at any count, down to a single sale; below 30 qualifying sales it is marked as a small sample, and no percentage or purchase-price seed is derived from it. Period and bedroom figures are medians of AED per square foot, which are robust to the outliers that skew a mean on a thin sample. A bedroom row or quarter resting on a handful of registered sales is shown with its sale count and marked as a small sample, because a median over one or two sales describes those sales and not the market. Benchmarks are medians of apartment sales over the trailing 12 months for the same area and registration type. This is a dated extract, not a live query: it changes only when the extract is regenerated with `npm run data:dld`. Dates are the Dubai Land Department's own registration dates. Where a sale reaches us twice — once in DLD's bulk export and once in its daily feed — we keep the bulk record, and DLD registers on working days, so a sale agreed at a weekend carries the following working day. Source: Dubai Land Department (DLD) transaction register, via Mitchell's DLD pipeline. Data as at 11 Jun 2026; extract generated 13 Nov 2026. Past registered prices are evidence of what has been paid, not a forecast of future value.

The brief

About this project

Overview

Coral Reef is a single residential tower in Dubai Maritime City, sold off-plan by DAMAC. The tower stands on the breakwater of the district, and DAMAC's brochure presents it as a building on the water, with sea views from its one-, two- and three-bedroom apartments. The theme throughout the brochure and the presentation is the coral reef that gives the project its name, carried into the amenities, the corridors and the finishes.

The DLD register, read 10 November 2026, lists Coral Reef as project 2729 and records 280 units in one building. It records the project as active, with construction starting on 18 October 2023 and 32.87% complete as at 10 August 2026.

DAMAC sells on a plan that starts with a 20% deposit. A further 44% is paid in instalments every three months for four years after the sale date, and 6% in three payments tied to construction milestones. The last 30% falls due on completion.

Payment plan
20% deposit, nineteen instalments, 30% on completion
Brand
DAMAC
Registered developer
Damac P S L Investment L.L.C
Location
Dubai Maritime City, Dubai
Building
One residential tower
Units
280 per the DLD register
Unit types
One-, two- and three-bedroom apartments
DLD project number
2729
Construction start
18 October 2023, per the DLD register
Construction
32.87% complete as at 10 August 2026, per the DLD register
Escrow agent
Dubai Islamic Bank (Public Joint Stock Company), per the DLD register
Escrow account
001582132366501, per the DLD register

Brand, building, unit types and payment plan per DAMAC's brochure, presentation and payment plan. Registered developer, units, project number, start date, construction progress, escrow agent and escrow account per the DLD register, read 10 November 2026.

Building

DAMAC's brochure describes Coral Reef as rising 54 storeys above the sea. DAMAC's presentation sets out the configuration as G+6P+48+R: a ground level, six podium levels, 48 levels and a roof. On its tower diagram, the presentation puts the apartments on levels 2 to 48, the main amenity deck on level 1 and a second group of amenities at sea level.

The DLD register describes the project as a 1B+G+6P+47F+MECH+R residential building with retail outlets. The register's reading is one basement, a ground floor, six podium floors, 47 floors, a mechanical level and a roof. The three descriptions are set out here as each source gives them.

The presentation includes a typical floor plate, with each apartment shaded by bedroom count and the sea-facing sides marked. The brochure states that its one-, two- and three-bedroom apartments all look out over the sea.

Homes

The floor plans in DAMAC's brochure label each layout with a bedroom count, a type letter and a version number, and list the levels where each layout sits. The plans print room dimensions in metres and show a balcony on each layout.

One-bedroom apartments. Types A, B and C run up the tower from level 2 to level 48. Each type comes in two versions, numbered 1 and 2, which alternate from one floor to the next. Types D, E and F appear only on the lower floors: version 1 on levels 2 and 4, version 2 on level 3.

Two-bedroom apartments. Types A and B start higher, from level 5, and run to level 48. As with the one-bedroom layouts, versions 1 and 2 alternate floor by floor.

Three-bedroom apartments. A single type, A, runs from level 2 to level 48, again in two alternating versions.

Saleable areas. DAMAC's presentation prints a saleable area for one sample layout of each size: 725.5 sq ft for the one-bedroom Type C1, 1,149 sq ft for the two-bedroom Type B2, and 1,639 sq ft for the three-bedroom Type A2. These are the developer's figures on its stated saleable basis, and they apply to the named types only. A buyer looking at a different layout should read the area the sale and purchase agreement gives for that unit.

The presentation's interior renders cover the lobby, the lift lobby, a living and dining room, a main bedroom, a main bathroom and a terrace. DAMAC's brochure describes the finishes as drawn from life under the sea.

Amenities

DAMAC's documents place the amenities on two levels of the building: level 1 and sea level.

Level 1. DAMAC's presentation lists a swimming pool, a tunnel and pavilion for children's play, coral trees, a gym, an infinity LED pool and a spa on level 1. The brochure describes several pools in the tower, including the infinity LED pool, with space to lie out beside the water and hammocks.

Sea level. The presentation lists a floating pool and a beach it calls the pastel or coral beach. The brochure describes the floating pool as residents-only and suggests it for film nights on calm water.

Coral features. The brochure describes a coral tunnel and a coral garden above the water. The presentation shows hanging corals over the floating pool.

Corridors and spa. The brochure and the presentation both describe the corridors as a sensory experience, designed to create different atmospheres on the way through the building. The brochure pairs these corridors with the spa.

All of these are described by DAMAC in its marketing documents for a building still under construction. The sale and purchase agreement is where the facilities a buyer is paying for are set down.

In depth

In depth

Detail, in the order it was written

DLD register

The DLD register, read 10 November 2026, lists Coral Reef as project number 2729, registered to Damac P S L Investment L.L.C. It records the project as active and under construction, with a start date of 18 October 2023. It records construction as 32.87% complete as at 10 August 2026.

The register counts 280 units in one building and names Dubai Islamic Bank (Public Joint Stock Company) as the escrow agent, with escrow account 001582132366501. It records the project in the Madinat Dubai Almelaheyah area, under the community Dubai Maritime City.

Nearby

DAMAC's brochure places Coral Reef in Dubai Maritime City, on the shores of old Dubai and across the water from Port Rashid. It gives the district an area of 249 hectares and describes it as a maritime hub, set apart from the busier parts of the city while staying within reach of them.

The brochure gives three travel times from the project. By DAMAC's figures, Dubai International Airport is 16 minutes away, and Dubai Design District and Downtown Dubai are each 18 minutes away. These are the developer's stated times.

The presentation's location slide shows the district from the air at night, alongside a masterplan drawing with the plot marked.

Brochure

The brochure offered with this page is DAMAC's digital brochure for Coral Reef, 45 pages. The first part covers the tower, the location, the amenities and the interiors. The floor plans follow, set out by bedroom count and type, with the levels for each layout printed on the plan. The closing pages give DAMAC's company overview and its contact details.

Buyer checks

These are the points we would settle with the developer, and confirm in the sale and purchase agreement, before a deposit changes hands on a unit here:

  • Which type and version is the unit, and on which level? The plans alternate versions floor by floor, so the version matters.
  • What area does the agreement give for the unit, and is it measured on the same saleable basis as DAMAC's presentation?
  • What sale date will the agreement carry? The first sixteen instalments run from it.
  • How do the three completion-milestone payments sit against the register's progress figure on the day you sign?
  • Does the escrow account named in the agreement match the account the DLD register records?
  • What service charge does the developer estimate for the building, and on which area is it charged?
  • Is this a first sale from DAMAC or a resale, and how much of the plan has already been paid?

Enquiries

Mitchell's Commercial Real Estate acts for the buyer. If Coral Reef is on your list, we can read the floor plans with you for the level and layout you are weighing, look at the register entry together, and line up the instalment schedule against your own cash flow. Our buying costs calculator sets out the fees on a Dubai purchase.

Other DAMAC developments

Every project brief we publish in the district is listed on the Dubai Maritime City projects page.

Our brief on Harbour Lights covers another DAMAC tower in Dubai Maritime City.

Location

Area and connectivity

Coral Reef is in the Dubai Maritime City area.

Location record
Area
Dubai Maritime City

Area and community are from our own project record.

Area and community: our own project record. Neither is a survey.

Location

Coral Reef — Dubai Maritime City

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DLD sales data

Pricing against the market

Registered evidence · as at 11 Jun 2026

Every figure below is derived from arm’s-length sales registered with the Dubai Land Department — completed transactions, not asking prices. The register was read on 13 Nov 2026. The most recent qualifying sale at Coral Reef is dated 11 Jun 2026. Medians are of AED per square foot across all unit types unless stated otherwise.

Median AED / sqft — Coral Reef against its benchmarks
Coral Reefn = 6 registered sales since May 2025
2,432AED / sqft
this project
Dubai Maritime CityCommunity median, off-plan properties · n = 1,079 sales
3,244AED / sqft
this project
Wider district around Dubai Maritime CityDLD district median, off-plan properties · n = 3,691 sales
3,056AED / sqft
this project

Premium and discount compare Coral Reef’s median AED/sqft with each benchmark median from the same extract; n is the number of registered sales behind each median. A premium is neither good nor bad in itself — it reflects specification, unit mix, floor level and how recently the sales were registered. Bar length is proportional to the median shown.

Off-plan vs resale
Off-plan
2,432
AED/sqft median · n = 6
Resale
—
No registrations · n not reported

Only off-plan sales are on the register for this project as at 11 Jun 2026, so no off-plan-to-resale comparison can be evidenced here.

Source: Dubai Land Department (DLD) transaction register, via Mitchell's DLD pipeline. Register read 13 Nov 2026; most recent qualifying sale 11 Jun 2026. Only arm’s-length sales are counted.

The developer

DAMAC P S L Investment L.L.C

DAMAC P S L Investment L.L.C is the developer named on this brief.

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Method & questions

Method

Figures as at 11 Jun 2026

Two different things sit on this page: transaction evidence taken from the Dubai Land Department’s public register, and the mechanics of buying in Dubai. The four notes below explain how the figures were built and what they can fairly be used for.

  1. Registered salesEvery Dubai Land Department figure on this page comes from a sale that completed and was entered on the public register, so it tells you what buyers have paid. A developer’s price list tells you what the developer is asking today, which is a different measure, so asking prices, portal listings and price lists are not counted in these figures.
  2. MediansProject samples are often thin, and a single penthouse or one bulk-discounted floor will pull an average a long way off. The median — the middle transaction — describes the typical unit far more reliably at these sample sizes. The count behind each figure is always shown so you can judge how much weight it deserves.
  3. Sales only“Sales” means arm’s-length sales. Intra-family and other “Gift” transfers are excluded, as are rows registered at zero or nominal consideration, because neither is evidence of a market price.
  4. A dated snapshotThese are a snapshot, stated as at 11 Jun 2026, taken from one extract of the register rather than queried live. A figure for this project quoted elsewhere, or taken from a different extract, may not match what you see here.

Common questions

Where is Coral Reef?

DAMAC's brochure places Coral Reef in Dubai Maritime City, on the shores of old Dubai facing Port Rashid. The DLD register, read 10 November 2026, records the project in the Madinat Dubai Almelaheyah area, community Dubai Maritime City.

What homes are at Coral Reef?

DAMAC's brochure and presentation cover one-, two- and three-bedroom apartments in a single tower. The DLD register, read 10 November 2026, records 280 units for the project.

What is the payment plan at Coral Reef?

DAMAC's payment plan asks for a 20% deposit immediately, then sixteen instalments within 3 to 48 months of the sale date, three instalments of 2% at the 70%, 80% and 90% completion milestones, and 30% on completion.

What does the DLD register record for Coral Reef?

The DLD register, read 10 November 2026, lists Coral Reef as project 2729, registered to Damac P S L Investment L.L.C. It records the project as active, with a start date of 18 October 2023, construction 32.87% complete as at 10 August 2026, and Dubai Islamic Bank as escrow agent.

How tall is the tower?

DAMAC's brochure describes the tower as 54 storeys. DAMAC's presentation gives its configuration as G+6P+48+R, with apartments on levels 2 to 48. The DLD register describes a 1B+G+6P+47F+MECH+R residential building with retail outlets.

How big are the apartments?

DAMAC's presentation prints a saleable area for one sample layout of each size: 725.5 sq ft for one-bedroom Type C1, 1,149 sq ft for two-bedroom Type B2 and 1,639 sq ft for three-bedroom Type A2.

Small print

Sources

Every figure on this page is traceable
  • Coral Reef digital brochure, DAMAC, 45 pages. Source for the project name, the 54-storey description, the breakwater setting, sea views, the floor plans with their types and levels, room dimensions and balconies, the pools, floating pool, coral tunnel and coral garden, the sensory corridors and spa, the finishes, the Dubai Maritime City and Port Rashid description, the 249-hectare district area, and the travel times.
  • Coral Reef product presentation, DAMAC, 39 slides. Source for the G+6P+48+R configuration, apartments on levels 2 to 48, the level 1 and sea-level amenity lists, the typical floor plate, the three saleable areas, the interior renders and the location slide.
  • Coral Reef payment plan, issued by DAMAC. Source for the payment schedule.
  • Dubai Land Department project register, project 2729, read 10 November 2026. Source for the registered developer, unit count, building description, area and community, status, start date, construction progress as at 10 August 2026, escrow agent and escrow account.

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