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Damac Coral Reef

Dubai Maritime City · Off-plan
Dubai Maritime City

Damac Coral Reef

Homes
Residences
Handover
Mar 2028
Status
Off-plan
Down payment
20%
Payment plan
80/20
From AED 1.66M
by DAMAC

Damac Coral Reef is an off-plan project by DAMAC in Dubai Maritime City, Dubai. Handover: Mar 2028. Prices are listed from AED 1.66M with a 20% down payment on a 80/20 payment plan. Details can change between releases, so we confirm the current ones before you commit. Register your interest with us for floor plans, the payment plan and availability.

Project details
Developer
DAMAC
Home types
Residences
Handover
Mar 2028
Project status
Off-plan
Pricing
From AED 1.66M
Location
Damac Coral Reef is in Dubai Maritime City, Dubai. The map shows the area, not the exact plot.
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Dubai Maritime City in numbers
Sales recorded
3,463
Median price
AED 2.49M
Median price per sqft
AED 3,180
Gross rental yield
5%

Dubai Maritime City recorded 3,463 registered sales in the 12 months to Sep 2026, at a median of AED 2.49M, or AED 3,180 per square foot. These are Dubai Land Department transactions, not asking prices, so they are what buyers actually paid.

Damac Coral Reef questions
Where is Damac Coral Reef located?
Damac Coral Reef is in Dubai Maritime City, Dubai, Dubai.
When does Damac Coral Reef hand over?
Handover is listed for Mar 2028. Off-plan handover dates move, so ask us for the current schedule before you commit.
Who is the developer of Damac Coral Reef?
Damac Coral Reef is developed by DAMAC. We list 83 of their off-plan projects, which you can see on their developer page.
How much do homes at Damac Coral Reef cost?
Listings show prices from AED 1.66M. For context, Dubai Maritime City recorded 3,463 registered sales in the 12 months to Sep 2026, at a median of AED 2.49M. Launch pricing changes by release, so ask us for the live price list and availability rather than working from a published figure.
Is Dubai Maritime City a good area to invest in?
On the numbers, Dubai Maritime City is an active market: 3,463 sales registered with the DLD in the 12 months to Sep 2026 at a median of AED 3,180 per square foot. Volume that high means you can sell again when you want to, which matters more than a headline yield. Whether it suits you depends on whether you want income or capital growth, and we will pull the rental performance for the specific unit type you are considering.
Can foreigners buy at Damac Coral Reef?
Any nationality can buy freehold in Dubai's designated freehold areas, with no residency visa or UAE bank account required, and you can complete from overseas by Power of Attorney. A purchase at or above AED 2 million can also qualify you for the 10 year Golden Visa. Ask us to confirm the ownership type on this specific project before you pay anything.
What is the payment plan on Damac Coral Reef?
Listings show down payment 20%, payment plan 80/20. Plans are set by the developer per release and change between phases, so treat these figures as a starting point. On a project registered with the Dubai Land Department, payments go into a RERA-regulated escrow account rather than to the developer directly. Before you pay anything, check that this project is on the register. Ask us for the current schedule, including whether there is a post-handover element.
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