Coral Reef by Damac in Dubai Maritime City
Damac Properties is building Coral Reef in Dubai Maritime City, a waterfront district on Dubai's coastline between historic Deira and the port infrastructure to the south. The address places residents roughly 20 minutes from Downtown Dubai and 25 minutes from Dubai International Airport by road.
This is an apartment-only development. Construction broke ground in April 2024, with completion targeted for March 2028. The project spans 1-, 2-, and 3-bedroom apartments priced from AED 1,919,538 to AED 3,710,044.
A Waterfront Address Between Old and New Dubai
Maritime City sits on Dubai's coast between the Deira corridor to the north and the port area to the south. Downtown Dubai, Business Bay, and DIFC are within a 20-minute drive. Dubai International Airport is approximately 25 minutes in the other direction via the coastal road.
Daily life here is shaped in part by the proximity to Deira. Gold Souk retail, traditional markets, and a dense concentration of restaurants are within close reach. Buyers commuting into the financial core or toward the airport will find both routes practical. The coastal setting means waterfront access is built into the address.
Pricing: AED 1.9M to 3.7M Across Three Bedroom Tiers
The price spread covers nearly double from floor to ceiling. The reason is clear: three bedroom sizes, each with a distinct entry price.
1-bedroom units start at AED 1,919,538. They make up the bulk of the unit mix. Twelve separate floor-plan types are listed within the 1-bedroom category (Types A1 through F2), suggesting varied orientations, views, and floor positions across the building.
2-bedroom units start at AED 2,978,056, a 55% premium over the 1-bedroom floor. Four layout variants are available at the 2-bedroom level. 3-bedroom units start at AED 3,710,044, with two variants.
The 1-bedroom entry suits investors and first-purchase buyers targeting waterfront exposure at a lower absolute cost. The 2- and 3-bedroom tiers serve buyers who need space for family use or are planning a longer-term hold.
Apartments Across Three Sizes
All units are apartments. The twelve 1-bedroom floor-plan types give buyers real choice within the category, with different layouts covering different views and building positions. Two-bedroom units come in four configurations; 3-bedroom in two.
What the Amenity Set Says About This Project
| Category | Facilities |
|---|---|
| Pool | Infinity Pool, Shared Pool, Children's Pool |
| Recreation | Gymnasium, Children's Play Area |
| Dining | Restaurants |
Six amenities covering pools, fitness, family recreation, and on-site dining. The three-pool format, including an infinity pool, combined with a restaurant is a comprehensive package for a mid-range waterfront project. The children's pool and dedicated play area point to Damac building families and longer-staying residents into the mix. The amenity set signals owner-occupier relevance alongside investment.
Getting In for 20%
| Stage | Percentage |
|---|---|
| Down payment | 20% |
| During construction | 50% |
| Handover | 30% |
20% down sits at the standard Dubai off-plan entry level. The 50% construction tranche is the largest single payment and is distributed as milestone instalments during the build period. The remaining 30% falls due at handover in March 2028. No post-handover payment option exists; the full handover balance is payable at completion.
March 2028: What the Timeline Means for Buyers Entering Now
Construction started in April 2024. With target completion set for March 2028, buyers entering mid-2026 join the project at roughly the halfway point of the build cycle, with approximately 21 months remaining.
For an investor, that period determines when the unit becomes available for rental or resale. The construction instalments continue across that window as milestones are hit. For an end-user, March 2028 is the working handover date to plan around.