DAMAC «Coral Reef»
Off-Plan

DAMAC «Coral Reef»

From AED 2.10M·Handover Mar 2028·Accepted payment methods: credit_debit_card, bank_transfe... Payment
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AED 2.10M
Starting Price
Mar 2028
Handover
Accepted payment methods: credit_debit_card, bank_transfe...
Payment Plan
1 BR · Apartments
Type

Project Overview

Coral Reef is a luxurious project by Damac, located in the unique Maritime City area. The building has a configuration with a ground level, 6 podium levels, 48 residential floors, and a roof. The architecture, inspired by the shapes of coral reefs, blends perfectly with the surrounding nature. The exterior is made with high-quality materials, ensuring durability and aesthetic appeal. The project includes 1–3 bedroom apartments, designed with modern solutions and high-quality finishes. Many units offer panoramic views of the sea and cityscape, creating a cozy and comfortable atmosphere. Residents can enjoy a wide range of amenities, including pools with relaxation areas, fitness centers, spa and wellness zones, as well as barbecue and picnic areas. Children's playgrounds are provided, and 24-hour security and a video surveillance system ensure safety. The complex is strategically located between Port Rashid and Dubai's Drydocks World, just 5 minutes from La Mer Beach and Mina Rashid. Downtown Dubai, Dubai Mall, and Burj Khalifa are 15 minutes away.

Project Specifications
DeveloperDamac Properties
LocationDubai Maritime City
Unit Types1 BR, Apartments
AreaDubai Maritime City
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 90,615 / year
Cash-on-Cash
2.2%
Levered cashflow AED 21,315
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 136,500 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
DAMAC «Coral Reef» launch basis2,333AED 2.10MCurrent launch / asking basis
Dubai Maritime City ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai Maritime City premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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DAMAC «Coral Reef» official render 1

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DAMAC «Coral Reef» official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

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Amenities & Lifestyle

Cinema
Concierge Service
Dining outlets (coffee houses & restaurants)
Lobby
SPA
Shared Pool
Shared gym & fitness

Location

Dubai Maritime City

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Dubai Maritime CityDubai Maritime CityDubai, UAE

Developer Track Record

01

DAMAC «Coral Reef» by Damac Properties

02

Located in Dubai Maritime City

03

Starting from AED 2,100,000

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Mar 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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