Corner 2 Bedroom in Coral Reef by DAMAC, Dubai Maritime City with Sea View

Property Overview

This corner 2-bedroom apartment in Coral Reef by DAMAC, Dubai Maritime City, is available at an asking price of AED 3,100,000. The unit measures 1,338 sq ft with a sea view. Coral Reef is an off-plan waterfront development with handover expected in Q1 2028.

Property Highlights

• Type: corner 2-bedroom apartment
• Size: 1,338 sq ft
• View: sea
• Asking price: AED 3,100,000
• Rate: approximately AED 2,317 per sq ft
• Handover: Q1 2028
• Payment plan: 70/30
• Status: off-plan resale

Pricing Context

The agent describes this as below market. No original purchase price, DLD transaction record or dated market comparable has been supplied. The below-market classification is therefore provisional.

Current Market Reference

For directional context, two 2-bedroom resale listings in Coral Reef are currently active on Dubizzle and Bayut:

• 2BR at 1,178 sq ft with sea view: AED 2,900,000 (AED 2,461 per sq ft)
• 2BR at 1,380 sq ft with sea view: AED 3,207,540 (AED 2,324 per sq ft)

This unit at 1,338 sq ft for AED 3,100,000 (AED 2,317 per sq ft) sits within the existing market range. The corner configuration may provide additional value through extra light and views. These are asking prices on other resale listings, not transacted prices. Buyers should independently assess the pricing.

About Coral Reef

Coral Reef is an off-plan waterfront residential development by DAMAC Properties in Dubai Maritime City. The project features interior design concepts created in collaboration with French artist Vincent Faudemer, incorporating an ocean and coral-inspired aesthetic with unique art installations. The building offers 1, 2 and 3-bedroom apartments ranging from approximately 776 to 1,803 sq ft. Construction was approximately 18% complete as of mid-2026, with handover expected in Q1 2028.

Amenities

Coral Reef will feature an infinity LED pool, a children's pool, a fully equipped gymnasium, spa facilities, a beach cinema, a waterfront promenade, landscaped podium gardens, outdoor relaxation lounges, a BBQ area, children's play areas, a residents' lounge, retail outlets, cafes and restaurants, high-speed elevators, covered parking and round-the-clock security with CCTV monitoring and concierge services. The building will also include floating underwater-inspired art installations by Vincent Faudemer throughout the common areas.

About Dubai Maritime City

Dubai Maritime City is a 249-hectare multi-purpose waterfront development located between Port Rashid and Dubai Drydocks World. The zone is divided into six thematic clusters and includes residential towers, commercial spaces and leisure facilities. The development is positioned near Mina Rashid and the Queen Elizabeth 2 floating hotel, with proximity to Jumeirah, DIFC and Downtown Dubai.

Access is provided via Sheikh Zayed Road and Al Khail Road. Dubai International Airport is approximately 15 to 20 minutes away. The waterfront positioning provides residents with coastal views and maritime-themed living.

Payment Plan and Handover

DAMAC's payment plan for Coral Reef is 70/30, with an initial payment of approximately 24%. For a resale transaction, the payment structure depends on the amount the current seller has already paid to DAMAC and the remaining instalments due. Buyers should request the seller's full payment history and DAMAC's confirmation of amounts paid to date before proceeding.

Verification Notes

Unit-specific facts including size, 2-bedroom configuration, corner unit type, sea view, asking price and handover date are sourced from the agent's brief received on 24 September 2026. Project-level details including developer, unit types, construction progress (18% as of mid-2026), payment plan, amenities and designer collaboration are drawn from Bayut's building page, Dubizzle's new projects page and Sotheby's project listing. No original purchase price or market benchmark has been provided; the pricing is classified provisionally. The agent's claim that this is below market has not been independently verified; the asking price sits within the range of current 2-bedroom resale listings for the same building. Bathroom count, floor level, parking and furnishing status were not stated in the brief and have been omitted; comparable 2BR listings in Coral Reef show 3 bathrooms (2 plus powder room).