Coral Reef

P3 — Under Development Off-Plan Primary
Developer Damac Properties
Community Dubai Maritime City
Property type Apartment
Data updated Mar 30, 2026

Coral Reef is a Under Development development by Damac Properties in Dubai Maritime City. 278 units across 1 Bedroom (59%), 2 Bedroom (24%), 3 Bedroom (10%). Over the trailing 12 months, 287 sales at a median of AED 1,833,000.

Key Metrics
Median Price
Value
AED 1,833,000
Change
35.4% YoY
Transactions
Value
287
Change
5 in period
Price / sqft
Value
AED 2,329
Handover Status
Value
P3
Change
Under Development
Median Price
AED 1,833,000
↓ 35.4% YoY
Transactions
287
↑ 5 in period
Price / sqft
AED 2,329
Handover
P3
Under Development
Investment Analytics
Capital Return
Value
7.6%
Community avg
Holding Period
Value
2.0 yrs
Community avg
Ready Market Mix
Value
40.0%
Community avg
Capital Return
7.6%
Community avg
Holding Period
2.0 yrs
Community avg
Ready Market Mix
40.0%
Community avg

Rental Performance

Unit Mix

By bedroom type
Studio 22 units · 8%
1 Bedroom 163 units · 59%
2 Bedroom 66 units · 24%
3 Bedroom 27 units · 10%

Transaction Breakdown

All time — 287 transactions
Off-Plan Primary
278
Off-Plan Secondary
9

Price History

Median Price — Coral Reef

Median prices in Coral Reef have trended upward, rising 9% to AED 2.0M over the past 5 months.

Recent Transactions

Showing last 10 of 287
Date Type Price (AED) Size (sqft) AED/sqft
Mar 30, 2026 OP Secondary 2,002,000 796 2,514
Nov 17, 2025 OP Secondary 1,710,000 786 2,172
Aug 27, 2025 OP Secondary 2,100,000 779 2,693
May 21, 2025 OP Secondary 1,600,000 779 2,053
Apr 30, 2025 OP Primary 1,833,000 786 2,329
Mar 20, 2025 OP Secondary 1,700,000 786 2,160
Feb 27, 2025 OP Primary 2,994,000 1,178 2,540
Feb 19, 2025 OP Primary 3,218,000 1,178 2,730
Feb 10, 2025 OP Secondary 3,050,000 1,338 2,279
Dec 10, 2024 OP Secondary 2,682,000 1,178 2,275

This project is in Dubai Maritime City

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