Coral Reef By DAMAC
- AVA001033Coral Reef By DAMAC, Dubai Maritime City, Dubai, United Arab Emirates
Coral Reef By DAMAC
- AVA001033Coral Reef By DAMAC, Dubai Maritime City, Dubai, United Arab Emirates
Coral Reef by DAMAC is a landmark under-construction tower soaring 54 storeys above the sea on the waterfront of Dubai Maritime City (DMC), a 249-hectare global maritime hub nestled on the shores of old Dubai, across from Port Rashid. Inspired by the bold, vibrant and life-giving forms of coral, the building translates organic, fluid architecture into every level, from its sculptural facade of stacked balconies to its eclectic yet considered amenity spaces. The residences comprise one, two and three-bedroom apartments, each opening to endless sea views and finished with bespoke, meticulously crafted detailing that evokes the colour and movement of undersea life. The beating heart of the tower is its amenities: multiple pools including an infinity LED-lit edge pool engineered to feel like the horizon itself, a residents-only floating pool that doubles as an after-dark cinema, poolside loungers, cabanas and hammock lounges, an above-water coral garden and an immersive coral tunnel, complemented by a serene spa, a fitness gym and a tranquil aquascape foyer designed to make the outside world feel like a distant memory. Dubai Maritime City places residents far from the hustle yet close to the cultural pulse of the city, approximately 16 minutes from Dubai International Airport and 18 minutes from Downtown Dubai and Dubai Design District. The project is developed by DAMAC Properties with handover scheduled for the first quarter of 2028.
Property Details
- Micro-market
- Dubai Maritime City
- Configuration
- Apartment
- Property Type
- Apartment
- Status
- Under Construction
Project Timeline
Key milestones for this project, updated as the developer confirms them.
Project announcement
Booking Started
Construction Started
Expected Completion
To be announced soon
Available Properties
Project variants for under-construction developments — unit types, sizes, starting prices and possession dates.
Inventory Type
| Variant | Size | Starting Price | Possession | CTA |
|---|---|---|---|---|
| 1 BHK | — | AED 1.92M | Under Construction | |
| 2 BHK | — | Price on request | Under Construction | |
| 3 BHK | — | Price on request | Under Construction |
Property Information
- Community: Dubai Maritime City
- Project Name: Coral Reef by DAMAC
- Listing Price: AED 1.92M
- List Date: Aug 27, 2026
- Days on Market: 0
- Listing ID: AVA001033
- Status: Under Construction
- Construction Type: Waterfront branded residential tower
- Security: 24/7 security
- Pool: Infinity LED-lit pool; floating cinema pool
Legal Information
Indicative legal & tax information based on available documents; verify with your lawyer before transacting.
- RERA Applicable
- Yes
- Occupancy Certificate
- No
- Authority
- Dubai Land Department (RERA)
- Fire NOC
- No
Can you own this, and how?
Ownership rights depend on three things: the type of asset, where it sits, and who you are as a buyer. Here is the framework for this property, before you speak to a lawyer.
I am buying as:
- Status
- Permitted, freehold anywhere in Dubai
- What you actually hold
- You hold freehold title registered with the Dubai Land Department. There is no area restriction on where you may own.
- Key rules and restrictions
- GCC nationals are treated on the same footing as UAE nationals for ownership purposes.
- A company owned wholly by GCC nationals gets the same treatment.
- Some master communities impose their own transfer conditions through the developer.
- Funds and process
- Pay through UAE banking channels. The transfer completes at a Dubai Land Department trustee office where the title deed is issued on the day.
- Taxes
- The Dubai Land Department transfer fee is 4% of the price, split 2% each in law but paid in full by the buyer in most deals, plus a trustee office fee and a title deed issuance fee. There is no annual property tax and no capital gains tax in the UAE.
- Verify before you buy
- Get a title deed copy and check it against the Dubai REST app.
- Ask for the developer no-objection certificate confirming service charges are clear.
Buyer orientation, not legal advice. Ownership rules change and turn on specifics. Confirm with a qualified lawyer in the UAE before you commit.
Investment Information
- Type: Off-plan DAMAC Maritime City tower; per-type prices not published (project 'from' price shown)
- Capital Appreciation: 8%
- Property Tax Jurisdiction: UAE - 0% property tax on residential
Location
Coral Reef By DAMAC, Dubai Maritime City, Dubai, United Arab Emirates
- Airport: Dubai International Airport (DXB) - 14 km
- Highway: Sheikh Zayed Road - 3 km
- Railway: BurJuman Metro Station - 6.6 km
- Hospital: Aster Hospital Mankhool - 8 km
- Tourist hub: Meena Bazaar - 10-15 min drive
Nearby Attractions
Fine-grained ratings and travel times for popular spots nearby.
| Rating | Attraction | Type | Best Time to Visit | Distance |
|---|---|---|---|---|
| 8.8 / 10 | Meena Bazaar | Shopping District | Afternoon | 6.5 km |
| — | Old Souk | Market | Late afternoon or early evening | 7.8 km |
| — | City Walk | Shopping District | Evenings (Oct-Apr) | 15.5 km |
| 8.8 / 10 | Boxpark | Retail Promenade | Evenings | 11.9 km |
Investment Calculator
Calculate your EMI, returns and investment potential
₹12,493.648
per month
20 years • 8.5% interest • Fixed rate
₹12K
Monthly EMI
Investment Returns
8%
Expected ROI
0%
Rental Yield
Bank Interest Rates
Investment Summary
This calculator is for illustrative purposes only.
Rental Yield Calculator
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Net Rental Yield
3.3%
Monthly Income
₹5K
Rental Breakdown
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