From dusk till dawn, the build never stops. At Safa Two, every shift brings new progress, with precision, expertise and teamwork shaping what comes next. #DAMAC #SafaTwo #ConstructionUpdate
Coral Reef
Dubai Maritime City · DLD district Madinat Dubai Almelaheyah DAMACDLD project 2729
Towers under construction with cranes on the Dubai waterfront. A general view of Dubai, not this projectPhoto: Leandro Neumann Ciuffo, Wikimedia Commons, CC BY 2.0, resized and cropped
The short answer
Coral Reef is active on the DLD register, no completion date on the DLD register. It was 32.87% built at DLD’s inspection on 10 Aug 2026.
Completion dateSourceDLD project registerWindowcompletion dateFigureas the register lists itDatasales to 5 Oct 2026 · DLD register read 13 Oct 2026How it is worked out
None listed
on the DLD register
BuiltSourceDLD project registerFigure% built at DLD’s latest inspectionDatasales to 5 Oct 2026 · DLD register read 13 Oct 2026How it is worked out
32.9%
DLD inspection, 10 Aug 2026
Home salesSourceDLD registered salesWindowOct 2025–Sep 2026Based on4 salesFigureflats and villas, no data-quality flagDatasales to 5 Oct 2026How it is worked out
4
Oct 2025–Sep 2026
Median home priceSourceDLD registered salesWindowOct 2025–Sep 2026Based on4 salesFiguremedian of registered home sales, not an asking priceDatasales to 5 Oct 2026Fewer than 5 sales: no median shownHow it is worked out
—
4 home sales, Oct 2025–Sep 2026
Sales, 12 monthsSourceDLD registered salesWindowOct 2025–Sep 2026Based on4 salesFigureregistered sales of every property typeDatasales to 5 Oct 2026How it is worked out
4
−56% on Oct 2024–Sep 2025
The DLD project register
ActiveNo completion date on the DLD register
32.87% built at DLD’s inspection on 10 Aug 2026.
Built, at DLD’s latest inspection32.87%
- DLD project number
- 2729
- Status
- Active
- Completion date
- None listed
- Start date
- 18 Oct 2023
- Registered
- 18 Aug 2023
- Developer
- Damac P S L Investment L.L.C · DLD developer 1528
- Escrow account bank
- Dubai Islamic Bank
- Units
- 280
- Buildings
- 1: Coral Reef
Inspection history: 7 inspections on the register
| Inspection date | Built |
|---|---|
| 10 Aug 2026 | 32.87% |
| 29 Apr 2026 | 27.39% |
| 8 Dec 2025 | 18.4% |
| 20 Jun 2025 | 12.52% |
| 22 Jan 2025 | 7.45% |
| 5 Jul 2024 | 0.74% |
| 20 Jul 2023 | 0% |
Source: Dubai Land Department project register, read 13 Oct 2026. The register’s own figures, shown as it lists them.
Developer’s reply: none yet. DAMAC can send a reply about these figures; replies are checked before they’re published and never change a number. How developers reply
Statement ID S-2729-H1 · DLD register read 13 Oct 2026
Home prices by size
registered home sales, Oct 2025–Sep 2026| Size | Sales | Median price | Median AED /sq ft | Median size, sq ft |
|---|---|---|---|---|
| 1 BR | 3 · fewer than 5 | — | — | — |
| 2 BR | 1 · fewer than 5 | — | — | — |
Medians of registered flat and villa sales with no data-quality flag; a size with fewer than 5 sales shows no median.
Latest registered sales
All recent sales| Date | Type | Sq ft | Price | AED /sq ft | vs area |
|---|---|---|---|---|---|
| 11 Jun 2026 | Flat · 2 BR Off-plan | 1,338 | AED 3.1m | 2,350 | −18% |
| 23 May 2026 | Flat · 1 BR Off-plan | 779 | AED 2.1m | 2,638 | −13% |
| 30 Mar 2026 | Flat · 1 BR Off-plan | 797 | AED 2.0m | 2,514 | −17% |
| 18 Nov 2025 | Flat · 1 BR Off-planCoral Reef | 787 | AED 1.7m | 2,173 | −28% |
| 27 Aug 2025 | Flat · 1 BR Off-planCoral Reef | 779 | AED 2.1m | 2,693 | −11% |
| 21 May 2025 | Flat · 1 BR Off-planCoral Reef | 779 | AED 1.6m | 2,054 | −32% |
| 30 Apr 2025 | Flat · 1 BR Off-planCoral Reef | 787 | AED 1.8m | 2,329 | −23% |
| 20 Mar 2025 | Flat · 1 BR Off-planCoral Reef | 787 | AED 1.7m | 2,160 | −29% |
| 28 Feb 2025 | Flat · 2 BR Off-planCoral Reef | 1,179 | AED 3.0m | 2,541 | −12% |
| 20 Feb 2025 | Flat · 2 BR Off-planCoral Reef | 1,179 | AED 3.2m | 2,731 | −5% |
Every type of sale, newest first; DLD publishes no time of day. Price per sq ft for homes only. “vs area”: against the median for that size in Dubai Maritime City, Oct 2025–Sep 2026.
DAMAC’s newest ads
None of DAMAC’s 39 running ads names Coral Reef; these are the newest, from Meta’s Ad Library on 26 Oct 2026. Prices and claims in ads are the developer’s, not checked against DLD records.
A new wave of luxury living is taking shape on Dubai’s coastline. DAMAC Bay by Cavalli has reached 35% overall progress, with 65% of the superstructure complete and 15% of the facade now taking shape. As the vision rises, a new expression of coastal luxury draws closer to reality. #DAMAC #DAMACBayByCavalli #LuxuryLiving #ConstructionUpdate
Your new view is waiting. Introducing Sorrento Lagoon Views, with studios and 1-Bedroom apartments. #DAMAC #LuxuryLiving #SorrentoLagoonViews
50,000+ homes delivered, shaped by the relationships behind them. A few words from valued partners who have been part of the journey. #DAMAC #DAMAC50K #OneFamily
Dubai Maritime City market insights
Registered with DLD under the district Madinat Dubai Almelaheyah, 2019 to 5 Oct 2026.
AED 3,199Sep 2026+67%on Oct 2023
Each point is the median price per square foot of the month’s registered home sales (flats and villas). A month with fewer than 10 home sales is left as a gap. Registered prices, not asking prices.
Most sold size
1 bedroom
Share of the home sales over Oct 2025–Sep 2026 that recorded a bedroom count
Sales a year
5,532 sales2025+36780%on 2019
Full years only, registered sales of every type. 1,801 sales in 2026 to 5 Oct.
Off-plan share
98% of the 3,744 sales over Oct 2025–Sep 2026 were registered as off-plan, DLD’s own registration type.
The full record
every figure behind the summarySales by year and by month
| Year | Sales | Off-plan | Ready | Value | Median home price | Median AED /sq ft |
|---|---|---|---|---|---|---|
| 2020 | 1 | 0 | 1 | AED 71.5m | — | — |
| 2022 | 1 | 0 | 1 | AED 55.6m | — | — |
| 2023 | 221 | 221 | 0 | AED 543m | AED 2.1m | 2,350 |
| 2024 | 57 | 57 | 0 | AED 163m | AED 3.0m | 2,350 |
| 2025 | 8 | 8 | 0 | AED 18.2m | AED 2.0m | 2,304 |
| 2026 to 5 Oct | 3 | 3 | 0 | AED 7.2m | — | — |
Sales and value: registered sales of every property type since Jan 2019. Off-plan: DLD’s registration type; Ready: every other sale. Medians: home sales only, shown with 5 or more.
291sales registered, May 2020 to Sep 2026
Every registered sale, all property types.
Other projects in Dubai Maritime City
3,744 sales were registered in Dubai Maritime City over Oct 2025–Sep 2026, with homes at a median AED 3,073 per sq ft over Jul–Sep 2026.
| Project | Developer | DLD register | Sales, Oct 2025–Sep 2026 | Median home price |
|---|---|---|---|---|
| Breez by Danube | Danube | Due Jun 2029 | 919 | AED 1.8m |
| Franck Muller Yachting | London Gate | Due Jul 2028 | 577 | AED 1.6m |
| Chelsea Residences 2 by DAMAC | DAMAC | Due Dec 2029 | 394 | AED 2.6m |
| Kanyon by Beyond | Omniyat | Due Sep 2028 | 333 | AED 2.7m |
| Soulever' by Beyond | Omniyat | Due Dec 2028 | 230 | AED 4.4m |
| Aurea | Emaar | Due Jun 2030 | 158 | AED 2.9m |
| Chelsea Residences by DAMAC | DAMAC | Due Dec 2029 | 119 | AED 3.3m |
| 31 Above by Beyond | Omniyat | Due Dec 2028 | 115 | — |
| Talea | Omniyat | Due Jun 2028 | 111 | AED 4.1m |
| Sera 2 | Emaar | Due Nov 2029 | 91 | AED 2.3m |
| Oceanz 2 by Danube | Danube | No completion date | 66 | AED 2.0m |
| Baystar by Vida | Emaar | Due Dec 2029 | 64 | AED 4.5m |
Median home price over Oct 2025–Sep 2026, shown with 5 or more home sales.
Other projects by DAMAC
| Project | Area | Completion date | Built | Sales, Oct 2025–Sep 2026 |
|---|---|---|---|---|
| DAMAC Lagoons - Valencia | Al Hebiah Fifth | Feb 2028 | 5.2% | 1,278 |
| DAMAC District | DAMAC Hills | Mar 2029 | 4.1% | 705 |
| DAMAC Riverside Views - Azure 2 | Dubai Investment Park Second | Mar 2029 | 5.8% | 692 |
| DAMAC Riverside Views - Capri 1 | Dubai Investment Park Second | Mar 2029 | 8.2% | 638 |
| DAMAC Lagoons - Lagoon Views 13 | Al Hebiah Fifth | Dec 2027 | 6% | 525 |
| DAMAC Islands 2 - Bahamas 2 | Al Yelayiss 1 | Jun 2030 | 0.3% | 497 |
| DAMAC Islands 2 - Bahamas 1 | Al Yelayiss 1 | Jun 2030 | 0.3% | 476 |
| DAMAC Islands 2 - Cuba | Al Yelayiss 1 | Jun 2030 | 0.2% | 439 |
| DAMAC Islands 2 - Bermuda | Al Yelayiss 1 | Jun 2030 | 0.2% | 401 |
| Chelsea Residences 2 by DAMAC | Dubai Maritime City | Dec 2029 | 5.4% | 394 |
| DAMAC Islands 2 - Tahiti 2 | Al Yelayiss 1 | Jun 2030 | 0.3% | 378 |
| DAMAC Islands 2 - Maui | Al Yelayiss 1 | Jun 2030 | 0.2% | 347 |
More from DAMAC
Every DAMAC projectDubai, general view
DAMAC Lagoons - Valencia
Al Hebiah Fifth · DAMAC
Due Feb 2028DLD register
Median home price, Oct 2025–Sep 2026AED 785k
DAMAC Hills · area photo
DAMAC District
DAMAC Hills · DAMAC
Due Mar 2029DLD register
Median home price, Oct 2025–Sep 2026AED 1.3m
Dubai, general view
DAMAC Riverside Views - Azure 2
Dubai Investment Park Second · DAMAC
Due Mar 2029DLD register
Median home price, Oct 2025–Sep 2026AED 1.1m
Dubai, general view
DAMAC Riverside Views - Capri 1
Dubai Investment Park Second · DAMAC
Due Mar 2029DLD register
Median home price, Oct 2025–Sep 2026AED 1.2m
Dubai, general view
DAMAC Lagoons - Lagoon Views 13
Al Hebiah Fifth · DAMAC
Due Dec 2027DLD register
Median home price, Oct 2025–Sep 2026AED 1.2m
Dubai, general view
DAMAC Islands 2 - Bahamas 2
Al Yelayiss 1 · DAMAC
Due Jun 2030DLD register
Median home price, Oct 2025–Sep 2026AED 2.8m
Photos: Towers under construction, Dubai by Leandro Neumann Ciuffo (Wikimedia Commons, CC BY 2.0); Dubai Motor City by أمين علوان (Wikimedia Commons, CC BY-SA 4.0); Sheikh Zayed Road from above by monicker (Wikimedia Commons, CC BY-SA 3.0). Resized and cropped.
More projects in Dubai Maritime City
Everything in Dubai Maritime CityDubai, general view
Breez by Danube
Dubai Maritime City · Danube
Due Jun 2029DLD register
Median home price, Oct 2025–Sep 2026AED 1.8m
Dubai, general view
Franck Muller Yachting
Dubai Maritime City · London Gate
Due Jul 2028DLD register
Median home price, Oct 2025–Sep 2026AED 1.6m
Dubai, general view
Chelsea Residences 2 by DAMAC
Dubai Maritime City · DAMAC
Due Dec 2029DLD register
Median home price, Oct 2025–Sep 2026AED 2.6m
Dubai, general view
Kanyon by Beyond
Dubai Maritime City · Omniyat
Due Sep 2028DLD register
Median home price, Oct 2025–Sep 2026AED 2.7m
Dubai, general view
Soulever' by Beyond
Dubai Maritime City · Omniyat
Due Dec 2028DLD register
Median home price, Oct 2025–Sep 2026AED 4.4m
Dubai, general view
Aurea
Dubai Maritime City · Emaar
Due Jun 2030DLD register
Median home price, Oct 2025–Sep 2026AED 2.9m
Photos: Towers in Business Bay by giggel (Wikimedia Commons, CC BY 3.0); Towers under construction, Dubai by Leandro Neumann Ciuffo (Wikimedia Commons, CC BY 2.0); Sheikh Zayed Road from above by monicker (Wikimedia Commons, CC BY-SA 3.0). Resized and cropped.
Before you buy a home in Coral Reef
About Coral Reef
Coral Reef is a DAMAC project in Dubai Maritime City, Dubai, registered with the Dubai Land Department as project 2729 by Damac P S L Investment L.L.C. The register lists it as active, with no completion date, 32.87% built at DLD’s inspection on 10 Aug 2026.
291 sales have been registered since Jan 2019, the first on 22 May 2020, 4 of them over Oct 2025–Sep 2026. The sales include 2 land plots, left out of every price figure. These are prices buyers paid, recorded at registration, not asking prices.
By sales since Jan 2019 it is 20th of the 49 projects with a registered sale in Dubai Maritime City, and 118th of DAMAC’s 255.
Questions about Coral Reef
When will Coral Reef be finished?
The DLD register lists no completion date. It was 32.87% built at DLD’s inspection on 10 Aug 2026. These are the register’s own figures, read 13 Oct 2026; we don’t forecast a finish.
Is Coral Reef finished?
No. The DLD register lists it as active, 32.87% built at the inspection on 10 Aug 2026.
How many sales has Coral Reef had?
291 sales registered with the Dubai Land Department since Jan 2019, 4 of them over Oct 2025–Sep 2026. The count includes 2 land plots, which are left out of every price figure.
Who is the developer of Coral Reef?
The DLD register lists Damac P S L Investment L.L.C, DLD developer number 1528, which we group under DAMAC.
Where is Coral Reef?
In Dubai Maritime City, Dubai. The Dubai Land Department registers its sales under the district Madinat Dubai Almelaheyah. Homes there registered at a median AED 3,073 per sq ft over Jul–Sep 2026.
Which escrow account does DLD list for Coral Reef?
The DLD project register lists an escrow account with Dubai Islamic Bank for Coral Reef.
Cite this page
Coral Reef, Dubai Maritime City. Real Estate IQ, from DLD registered sales to 5 Oct 2026 and the DLD project register read 13 Oct 2026. dubairealestateiq.com/project/coral-reef
Sources: Dubai Land Department open data, registered sales to 5 Oct 2026, via Dubai Real Estate Data (CC BY 4.0), processed by Real Estate IQ; DLD project register, read 13 Oct 2026. Registered prices, not asking prices or valuations. How the figures are worked out.
Read next
GuideHow to check a Dubai off-plan project’s completion date
GuideAsking price or registered price: how to check a quote
TrackerActive projects on the DLD register, with their completion datesPhotos: Towers under construction, Dubai by Leandro Neumann Ciuffo (Wikimedia Commons, CC BY 2.0); Dubai Marina at night by Gfilip (Wikimedia Commons, CC BY-SA 4.0); Dubai skyline at dusk by imran shahabuddin (Wikimedia Commons, CC BY 2.0). Resized and cropped.