
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.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| DAMAC «Coral Reef» launch basis | 2,333 | AED 2.10M | Current launch / asking basis |
| Dubai Maritime City ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Dubai Maritime City premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |

























DAMAC «Coral Reef» official render 1

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DAMAC «Coral Reef» official render 10
Astraterra Properties
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Dubai Maritime City
DAMAC «Coral Reef» by Damac Properties
Located in Dubai Maritime City
Starting from AED 2,100,000
Unit mix includes 1 BR, Apartments
Expected handover: Mar 2028
Official brochure and PDF marketing materials available
Official render/gallery images available
Limited units available · Direct developer pricing · Serious buyer routing
Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence or trophy-level stock. We use that to filter inventory before sending options.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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