Home›Projects›CORAL REEF

CORAL REEF

by DAMAC P S L INVESTMENT L.L.C·DUBAI MARITIME CITYResidentialFreeholdOff-plan Heavy

Development & Handover Profile

🏗️ Under Construction

Construction Progress12.5%

Project Start

Oct 18, 2023

Expected Handover

N/A

Official Status

ACTIVE

Total Units

280

Avg Unit Size

1103 sqft

Freehold Ratio

100%

Escrow Agent

Dubai Islamic Bank PJSC

Median Price

AED 2.16M

PSF

AED 2,350/sqft

Sales 12M

vs Area

-9.7%

Asset Turnover

ⓘ

0.7%

Liquidity (12M)

Physical Inventory Profile

Total Registered Units

280

Avg Unit Size

1103 sqft

2BR

30.7%

1BR

52.5%

3BR

16.4%

0.4%

Room Configuration

Unit Type	Count	Share
1BR	147	52.5%
2BR	86	30.7%
3BR	46	16.4%
NA	1	0.4%

Price & Volume Trend

Unit Liquidity Matrix

⚠️ Ghost Units Detected

Compares physical inventory against actual 12M sales volume. A Demand Index near 1.0 indicates a perfectly balanced secondary market for that unit type.

Unit Type	Inventory Share	Sales Share (12M)	Demand Index	Status
1BR	52.7% 147 units	80.0% 4 sold	1.52	🔥 HIGH DEMAND
2BR	30.8% 86 units	20.0% 1 sold	0.65	⚠️ STAGNANT
3BR	16.5% 46 units	0.0% 0 sold	—	🚫 GHOST UNIT

Investor Warning: This project contains “Ghost Units” — configurations that make up a large portion of the building but see near-zero secondary market trading. Reselling these specific unit types may take significantly longer than average.

Recent Transactions

Date	Area	Rooms	Price	PSF	Status	Ownership
11 Jun 2026	DUBAI MARITIME CITY	2BR	AED 3.15M	AED 2,350/sqft	Off-plan	Freehold
23 May 2026 Published 25 May 2026	DUBAI MARITIME CITY	1BR	AED 2.06M	AED 2,638/sqft	Off-plan	Freehold
30 Mar 2026 Published 31 Mar 2026	DUBAI MARITIME CITY	1BR	AED 2.00M	AED 2,514/sqft	Off-plan	Freehold
18 Nov 2025	DUBAI MARITIME CITY	1BR	AED 1.71M	AED 2,173/sqft	Off-plan	Freehold
27 Aug 2025	DUBAI MARITIME CITY	1BR	AED 2.10M	AED 2,693/sqft	Off-plan	Freehold
21 May 2025	DUBAI MARITIME CITY	1BR	AED 1.60M	AED 2,054/sqft	Off-plan	Freehold
30 Apr 2025	DUBAI MARITIME CITY	1BR	AED 1.83M	AED 2,329/sqft	Off-plan	Freehold
20 Mar 2025	DUBAI MARITIME CITY	1BR	AED 1.70M	AED 2,160/sqft	Off-plan	Freehold
28 Feb 2025	DUBAI MARITIME CITY	2BR	AED 2.99M	AED 2,541/sqft	Off-plan	Freehold
20 Feb 2025	DUBAI MARITIME CITY	2BR	AED 3.22M	AED 2,731/sqft	Off-plan	Freehold
10 Feb 2025	DUBAI MARITIME CITY	2BR	AED 3.05M	AED 2,279/sqft	Off-plan	Freehold
11 Dec 2024	DUBAI MARITIME CITY	2BR	AED 2.68M	AED 2,276/sqft	Off-plan	Freehold
19 Nov 2024	DUBAI MARITIME CITY	1BR	AED 1.89M	AED 2,125/sqft	Off-plan	Freehold
26 Sep 2024	DUBAI MARITIME CITY	2BR	AED 2.80M	AED 2,370/sqft	Off-plan	Freehold
11 Sep 2024	DUBAI MARITIME CITY	2BR	AED 2.84M	AED 2,411/sqft	Off-plan	Freehold
15 Aug 2024	DUBAI MARITIME CITY	1BR	AED 2.21M	AED 2,830/sqft	Off-plan	Freehold
17 Jul 2024	DUBAI MARITIME CITY	3BR	AED 3.82M	AED 2,200/sqft	Off-plan	Freehold
9 Jul 2024	DUBAI MARITIME CITY	2BR	AED 3.10M	AED 2,320/sqft	Off-plan	Freehold
8 Jul 2024	DUBAI MARITIME CITY	1BR	AED 2.22M	AED 2,830/sqft	Off-plan	Freehold
19 Jun 2024	DUBAI MARITIME CITY	2BR	AED 2.48M	AED 2,105/sqft	Off-plan	Freehold
20 May 2024	DUBAI MARITIME CITY	1BR	AED 2.20M	AED 2,774/sqft	Off-plan	Freehold
14 May 2024	DUBAI MARITIME CITY	3BR	AED 3.77M	AED 2,171/sqft	Off-plan	Freehold
8 May 2024	DUBAI MARITIME CITY	1BR	AED 2.16M	AED 2,720/sqft	Off-plan	Freehold
6 May 2024	DUBAI MARITIME CITY	3BR	AED 4.22M	AED 2,340/sqft	Off-plan	Freehold
6 May 2024	DUBAI MARITIME CITY	2BR	AED 3.15M	AED 2,671/sqft	Off-plan	Freehold
6 May 2024	DUBAI MARITIME CITY	2BR	AED 3.44M	AED 2,491/sqft	Off-plan	Freehold
2 May 2024	DUBAI MARITIME CITY	1BR	AED 1.95M	AED 2,476/sqft	Off-plan	Freehold
26 Apr 2024	DUBAI MARITIME CITY	3BR	AED 4.56M	AED 2,530/sqft	Off-plan	Freehold
22 Apr 2024	DUBAI MARITIME CITY	2BR	AED 2.83M	AED 2,400/sqft	Off-plan	Freehold
28 Mar 2024	DUBAI MARITIME CITY	2BR	AED 3.25M	AED 2,430/sqft	Off-plan	Freehold