Coral Reef
كورال ريفDAMAC P S L INVESTMENT L.L.C · Home sales since 2023 · mostly off-plan in the 12 months to 11 Jun 2026
Not recorded as finished
Check this project before you pay
Sent a brochure for Coral Reef? This is what the Dubai Land Department’s records say, what other buyers paid, and what the records cannot tell you.
Is it on the Land Department’s project register?
Yes. This is what the Land Department’s projects file, dated 15 June 2026, says:
- Status:
- active per the Land Department · 13% complete
- Target completion:
- no date on the record
- Escrow account:
- with Dubai Islamic Bank
- Developer:
- DAMAC P S L INVESTMENT L.L.C (developer no. 1528)
These are the file’s own entries as of that date, not today’s. A target date is not a promise, and an escrow account on the record is not an assurance about the project. The full record, with the developer’s licence entry, is in the card below.
Dubai Land Department · project register The Land Department's project register · the status as the developer recorded it. File dated 15 Jun 2026 · synced 26 Sep 2026. The file date is the date carried on the rows themselves; the sync is when Keyva last loaded that file.
What have buyers paid here?
1-bed · 154 off-plan sales from Dec 2023 to May 2026
The middle price was AED 1,913,500: 77 of these 154 buyers paid less, 77 paid more. 79 of the 154 paid between AED 1,815,000 and AED 2,017,000.
Per sqft: 79 of the 154 paid between AED 2,278/sqft and AED 2,581/sqft.
Too few sold in the 12 months to this project’s newest off-plan sale to show those alone, so this is every off-plan sale of this home on record here.
2-bed · 89 off-plan sales from Dec 2023 to Jun 2026
The middle price was AED 2,971,000: 44 of these 89 buyers paid less, 44 paid more, 1 paid exactly that. 45 of the 89 paid between AED 2,796,000 and AED 3,147,000.
Per sqft: 45 of the 89 paid between AED 2,224/sqft and AED 2,458/sqft.
Too few sold in the 12 months to this project’s newest off-plan sale to show those alone, so this is every off-plan sale of this home on record here.
3-bed · 46 off-plan sales from Dec 2023 to Jul 2024
The middle price was AED 3,678,740: 23 of these 46 buyers paid less, 23 paid more. 24 of the 46 paid between AED 3,542,920 and AED 3,817,080.
Per sqft: 24 of the 46 paid between AED 1,992/sqft and AED 2,171/sqft.
Too few sold in the 12 months to this project’s newest off-plan sale to show those alone, so this is every off-plan sale of this home on record here.
The newest of these sales was in July 2024. Prices may have moved since. That is too long ago to set a quote against, so this home is not offered below.
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Dubai Land Department · recorded sales Off-plan sales of homes in this project, on record with the Land Department · sales of finished homes are not mixed in, and apartments are not mixed with villas. A home size is shown only with 8 or more sales behind it. File dated 8 Oct 2026 · synced 8 Oct 2026.
And in Dubai Maritime City?
- Off-plan homes:
- no full month in the last 12 with 5 or more sales
- Finished homes:
- no full month in the last 12 with 5 or more sales
Each line is the last full month with 5 or more sales, so a month that has only just begun is not shown. Two different purchases, so they are shown apart and never mixed. Each line counts homes of every size in the area, this project’s included, so read it as a backdrop and not as a price for one home.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
What has the developer done before?
Damac Crescent Properties: 106 completed projects and 50 off-plan or in progress, by Keyva’s count from 83,307 recorded sales, Oct 2004 to 7 Oct 2026.
Counts, not a rating. Keyva does not rank developers. See every project →
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
What the records cannot tell you
- Whether the building will be finished on the date you were given.
- Whether the price is fair for the exact home you were offered. The sales above are what others paid.
- What the home will rent for, or what its yearly service charge will be, once it is built.
- Whether the person selling to you is a licensed broker. That one you can check yourself, free.
Check the broker’s licence →The free checks you can run yourself →
The Land Department’s record
active per the Land Department · 13% complete · buildings · 280 units · 1 building
Registered developer: DAMAC P S L INVESTMENT L.L.C (DLD no. 1528)
Developer no. 1528 · licence 1005290 (DED) · period 18 Nov 2021 to 17 Nov 2026 · in DLD's file dated 1 Oct 2026.
Dubai Land Department · developer register The Land Department's developer register. File dated 1 Oct 2026 · synced 3 Oct 2026.
Escrow account with Dubai Islamic Bank · Zoned by Trakhees
From the Land Department’s projects file, file dated 15 June 2026.
Rents recorded under Dubai Maritime City
Typical yearly rent of AED 109,853 across 124 tenancies recorded in the community over the last 12 months.
This is the community’s figure, not this project’s.
Dubai Land Department · rent contracts Ejari (Dubai's rent registration system) contracts · agreed rents, not advertised ones. File dated 10 Oct 2026 · synced 11 Oct 2026.
1 sale: AED 2,350/sqft
Jun 2026 · 1 home sale
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No two months with 5+ resales 3 or more years apart.
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No recorded resales here yet.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
What would this size cost?
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually sold for in Coral Reef — not an asking price, and not this project’s overall typical price, which mixes every size together.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Price per sqft trend
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Common questions about Coral Reef
Is Coral Reef selling off-plan or as resales?
100% of the 5 home sales recorded in Coral Reef in the 12 months to 11 Jun 2026 were off-plan, and the rest were recorded as existing property rather than off-plan. That period ends at this project's own newest recorded home sale rather than today, so a development that finished selling years ago still reports the year it was actually trading.
When did Coral Reef start selling?
The Land Department's register holds 289 home sales in Coral Reef. The earliest was recorded in Dec 2023 and the newest in Jun 2026. That is when a home sale here was first recorded. It is not the same as when the project launched or completed: the register of sales carries no build date, so we do not publish one.
Due diligence
Price vs. Dubai Maritime City typical price
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No current month to compare: the newest month here with 5+ home sales is May 2024.
Developer track record
83,307 recorded sales
Matched to Damac Crescent Properties, across the 20 companies Keyva groups under that name, Oct 2004 to 7 Oct 2026.
106 completed · 50 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free checks you can run yourself.
Verification guide →Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Dubai Land Department · project register The Land Department's project register · the status as the developer recorded it. File dated 15 Jun 2026 · synced 26 Sep 2026. The file date is the date carried on the rows themselves; the sync is when Keyva last loaded that file.
Dubai Land Department · developer register The Land Department's developer register. File dated 1 Oct 2026 · synced 3 Oct 2026.
What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
2.1 km
Al Ghubaiba
830 m
New academy school
2.1 km
Aster Medical Centre (Aster Jubilee Medical Complex)
656 m
Quality Supermarket
Metro stations
- Al Ghubaiba2.1 km
- ADCB2.3 km
- Sharaf DG2.3 km
- max2.4 km
Schools
- New academy school830 m
- Ambassador school (manhol)1.3 km
Hospitals & clinics
- Aster Medical Centre (Aster Jubilee Medical Complex)2.1 km
- DHA central service complex2.2 km
- تمت ازالته2.9 km
Supermarkets
- Quality Supermarket656 m
- Quality672 m
- Supermarket Al Raffa698 m
- Bin Khumari709 m
Bus stops
- Department of Ports & Customs593 m
- Bus stop672 m
- Hoot, Eppco1.0 km
- Bus stop1.0 km
Pharmacies
- Aster1.2 km
- Al Rolla1.3 km
- Sondos Pharmacy1.3 km
- uniCare Pharmacy1.3 km
Malls
- Al Ghazal Commercial Complex1.4 km
- Al Diyafa Shopping Center1.6 km
- Musalla Tower Mall2.4 km
- Madinas2.4 km
Mosques
- المسجد الإيراني2.1 km
- Prayer Room2.5 km
Straight-line distances — actual walking or driving routes will be longer. Measured from the centre of Dubai Maritime City — we couldn't pin this project's exact address, so treat these as area-level, not door-to-door. Places data from OpenStreetMap.
Building in this project
Priced from each tower’s own recorded sales, rather than the project’s typical price above.
Dubai Land Department · building register The Land Department's building register. File dated 5 Oct 2026 · synced 5 Oct 2026.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Other projects in Dubai Maritime City
Each price is the project’s newest month with 5 or more recorded home sales, from Oct 2025 to 7 Oct 2026. Priced projects first, then the most home sales from Nov 2025 to 7 Oct 2026, then A–Z. Where a project has no month with that many, its newest month with any sale is shown instead, with a red (i) and its count.
LONDON GATE REAL ESTATE DEVELOPMENT L.L.C
Apr 2026 · 7 home sales
DAMAC Properties
Aug 2026 · 7 home sales
DAMAC Properties
1–7 Oct 2026 · 7 home sales
Danube Properties
Sep 2026 · 10 home sales
Unknown developer
Sep 2026 · 18 home sales
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Seen a listing for this?
Put the asking price beside what comparable homes actually sold for, and check the agent against the Land Department’s register of licensed brokers. Free, no sign-in.
Buying in Coral Reef?
Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the typical price here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to look things up in the Land Department's own systems on the day: the agent's licence, the project's escrow, and its registered status.