JRE · Joshi Real Estate
Coral Reef
Sold outDAMAC

Coral Reef

Maritime City, Dubai
From
AED 0
Handover
MAR 2028
Enquire
The Project
From
AED 0
Status
Sold out
Handover
MAR 2028
Size
from 0 sqft
Residences
Construction
18% complete
Furnishing
no
Service charge
18-22 AED/sqft
Buildings
1

Coral Reef is a residential tower by DAMAC Properties, rising within Dubai Maritime City and scheduled for handover in March 2028. The project draws on a creative partnership with French sculptor Vincent Faudemer, positioning it as one of the more art-forward addresses in a district that is still finding its residential identity.

# The tower and its position in Dubai Maritime City

Dubai Maritime City occupies a man-made peninsula between Port Rashid and the older industrial waterfront south of Deira. It is not yet a finished neighbourhood in any conventional sense: infrastructure is maturing, master-plan plots are gradually filling in, and the residential offer remains limited relative to more established zones. That relative scarcity is part of the calculus for buyers arriving early.

Coral Reef is a single tower. At 18.4 per cent construction progress as of the available data, the structure is in its earlier phases, with completion still several years out. Service charges are projected at 18 to 22 AED per square foot annually, a figure buyers should factor into holding-cost modelling.

# Residences, layouts and finish specification

The developer's specification covers porcelain-tiled floors throughout living areas, bedrooms and bathrooms, with painted walls and built-in wardrobes in bedrooms. Kitchens arrive fitted with cabinetry, stone countertops and appliances including a refrigerator, cooker and hood. Bathroom appointments include a porcelain vanity top, shower enclosure and mirror in each room, with standard sanitary ware and fittings.

The finish package is practical rather than extravagant. Buyers seeking bespoke materials or premium appliance brands should note that the spec sits at a mid-tier level consistent with DAMAC's entry and mid-range residential lines. The artist collaboration with Faudemer, which incorporates sculptural and design motifs into the interiors, adds a layer of visual distinction that standard specification lists do not capture.

Unit configurations run across one, two and three bedrooms, with sea views and tropical garden outlooks cited as a defining feature of the residential offering.

# Amenities on site

The facilities list is concise. Two swimming pools, a gym, a spa, a beach cinema and a sea restaurant are confirmed. The "Coral Reef Vacation" amenity appears to reference a dedicated leisure or club concept within the development, though its precise format is not detailed in available materials.

For a waterfront tower, the on-site programme is coherent if not extensive. The beach cinema, in particular, is an unusual inclusion that speaks to DAMAC's tendency to anchor its projects around a signature experiential hook.

# Distances and daily connections

Maritime City's central advantage is proximity to historic Dubai without the congestion of Jumeirah or the density of Downtown. Downtown Dubai sits roughly 11.8 kilometres away. La Mer beach, popular with residents across the inner city arc, is approximately 7 kilometres. Dubai Museum is 6.6 kilometres, City Centre Al Shindagha Mall around 6.3 kilometres, and New Academy School 4.7 kilometres, making the location workable for families.

Road access to Dubai International Airport is direct via the coastal corridor, and the district sits within reach of the cultural and commercial belt running from Al Seef to Deira.

# The buyer profile this project addresses

Coral Reef appeals most directly to buyers with a medium-term horizon and a tolerance for district-level risk. Maritime City is a bet on a neighbourhood that has not yet arrived rather than one that already commands premium pricing on name alone. For investors, the combination of early construction stage, a defined handover date and a low existing residential supply in the immediate area forms a reasonable entry thesis.

Owner-occupiers drawn to the art-led positioning and waterfront setting will find the building architecturally differentiated. Those prioritising immediate urban density, established retail or a proven rental pool may find other corridors, Port de La Mer or Dubai Creek Harbour among them, a more legible choice for now.

Structure

Payment plan

Payment Plan
  1. Step 1
    20%
    On booking
  2. Step 2
    50%
    During construction
  3. Step 3
    30%
    Upon Handover
Calculator

Payment plan worked out

Enter a target price to see how the payment stages land against your budget.

Stage%AED
On booking20%AED 0
During construction50%AED 0
Upon Handover30%AED 0
Total100%AED 0
Discuss this plan with an advisor

Indicative only. Your advisor will confirm the final numbers, including 4% DLD, trustee, admin, mortgage and developer-level charges.

Lifestyle

Amenities

2 Swimming Pools
Coral Reef Vacation
Gym
Spa
Sea Restaurant
Beach Cinema
Setting

Location

Set in Maritime City, Dubai. Explore more in our Maritime City guide.

Nearby
  • New Academy School4.7 km
  • La mer beach7 km
  • Dubai Museum6.6 km
  • Downtown Dubai11.8 km
  • City Centre Al Shindagha Mall6.3 km
Resources

Documents

Escrow number
13080805920002
Service charge
18-22 AED/sqft
Furnishing
no
Construction start
2023-10-18
Construction end
2028-03-31
0
Buildings
1
Readiness
18%
Buildings
  • Tower

    1, 2 & 3 bedroom apartments

Parking
  • 3 BR apartment2 spaces
  • 2 BR apartment1 space
  • 1 BR apartment1 space
Questions

Frequently asked

Who is the developer of Coral Reef?+

DAMAC

Where is Coral Reef located?+

Coral Reef is located in Maritime City, Dubai, United Arab Emirates.

When is Coral Reef handing over?+

Handover is scheduled for MAR 2028; the project is 18% complete.

What is the price of Coral Reef?+

Prices at Coral Reef start from AED 0.

Is Coral Reef registered with escrow?+

Yes, Coral Reef has escrow number 13080805920002 with the Dubai Land Department.

Enquire about Coral Reef

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