Maritime City · Damac Properties
55-storey residential building in Maritime City. Developer — Damac Properties. Architect — Buro Kling Architectural Engineering Consultants.
Specifications for Coral Reef per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Coral Reef is a 55-storey residential building in Maritime City, currently under construction.
The developer is Damac Properties. The architecture is by Buro Kling Architectural Engineering Consultants.
The building holds 279 apartments in total.
The database currently holds 2 lots in this project, from 2 249 999 AED.
Forty-eight storeys and 279 residences from Damac in Maritime City, under construction. AED 2,603/ft² — below the district average.
Coral Reef is a 48-storey, 279-residence Damac Properties complex in Dubai Maritime City. Status: under construction.
Our own stock has two listings: sizes around 1,097 ft², prices from AED 2.25–3.33 million, at AED 2,603/ft².
279 apartments across 48 storeys works out to five per floor. For the district, that's a spacious format: the neighbouring Breez has twenty-one apartments per floor.
Coral Reef sits below the average with larger units — the same pattern seen everywhere: price per square foot falls as the unit grows.
| Project | AED / ft² | Lots | Avg. size |
|---|---|---|---|
| The Mural | 3319 | 3 | 1428 ft² |
| Breez by Danube | 3753 | 2 | 697 ft² |
| Sensia | 3332 | 2 | 1482 ft² |
| Oceanz by Danube | 2989 | 1 | 744 ft² |
| Nautica One | 2825 | 2 | 614 ft² |
| Talea by Beyond | 2814 | 2 | 1109 ft² |
| Saria Tower | 2712 | 2 | 1472 ft² |
| Il Vento | 2608 | 1 | 1503 ft² |
| Coral Reef | 2603 | 2 | 1097 ft² |
| Orise by Beyond | 2571 | 2 | 1296 ft² |
| Anwa | 2227 | 3 | 1389 ft² |
Our own stock as of 28 August 2026: 34 lots across the district, median AED 3 million, average price AED 2,988/ft². Samples are small — most projects have one to three lots, so the figures show an order of magnitude rather than an exact price.
Maritime City in our database totals 34 lots, median AED 3 million, average price AED 2,988/ft².
In one small district, two buildings of very different density are going up at the same time: Coral Reef with five apartments per floor, and Breez with twenty-one. These are fundamentally different products at the same address.
A dense building gives a low entry price and high liquidity for a small lot. A spacious one gives fewer neighbours, less load on lifts and common areas, and less competition on resale.
The choice isn't really about district or developer — it's this figure. It says more about future life in the building than storey count or the renders do.
Coral Reef went on sale in August 2023. At launch, one-bedroom units started from USD 451,000 (about AED 1.66 million), two-bedrooms from USD 688,000 (about AED 2.53 million) and three-bedrooms from USD 906,000 (about AED 3.33 million).
The plan was 20/50/30: 20% on booking, 50% during construction and 30% on completion, which was then targeted for 2028. The theme is marine — ocean- and coral-inspired interiors, an indoor pool with LED lighting, a waterfront restaurant, beach areas and a promenade.
propsearch listing: 48 storeys, 279 residences, developer Damac Properties, status "under construction". Our own stock as of 28 August 2026: 2 lots (sizes, prices, price per ft²), data for Breez by Danube, the Maritime City median and average. Launch prices, payment plan, stated completion and amenities — launch announcement, August 2023.
The final payment on this building falls in 2028 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.
Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.
Ask on WhatsAppDamac Properties. The architecture is by Buro Kling Architectural Engineering Consultants.
55. The building has 279 apartments.
The project is under construction. I check the exact date for a particular unit in the contract before the deal.
Dubai Maritime City. A reclaimed peninsula between Port Rashid and the Drydocks: central waterfront on three sides, with a working marine industry as the neighbour.
The database currently holds 2 lots in this project, from 2 249 999 AED. Prices in the base are live and update every day; ask for the current list for the building before deciding.
What has been written about the building, its developer and Maritime City
PASSO on Palm Jumeirah, Arancia Yards in City of Arabia and Soulever in Dubai Maritime City are all built by the same developer, BEYOND, yet each draws a different kind of investor. Why one brand does not mean one buyer profile.
A peninsula between two harbours, planned as a hub for shipbuilding and ship repair, with residential towers on the same land. Here the neighbours matter more than the view.
A retail group developing a tower in Dubai Maritime City. Whoever you buy from, the rules on tenancy registration, rent increases and notice are the same — and they favour a prepared landlord.
Message me for the free layouts in Coral Reef, the real entry price and what owners and tenants say — not the brochure copy.
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