Coral Reef
2 BR · Apartment
About the building
55-storey residential building in Maritime City. Developer — Damac Properties. Architect — Buro Kling Architectural Engineering Consultants.
What the building has
- Swimming pool
Where it is
Dubai Maritime City
A reclaimed peninsula between Port Rashid and the Drydocks: central waterfront on three sides, with a working marine industry as the neighbour.
- central waterfront at a discount
- ten-year regeneration holds
- eastern-side access
What to check: Dubai Drydocks operates next door and part of the boundary is genuinely industrial. Orientation decides what you own here — verify the outlook from the actual unit rather than from a rendering.
Full district guide →Questions and answers about lot NP9-108377
How much is this 2-bedroom apartment in Coral Reef?
Lot NP9-108377 is priced at AED 3 327 000, about $906 000. The size is 1 398 sq ft (130 m²), which works out at AED 2 380 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
How does this price compare with other lots in Coral Reef?
The database holds 2 lots in Coral Reef right now, from AED 2 249 999 to AED 3 327 000.
Is this expensive or cheap for Dubai Maritime City?
The database holds 18 lots in Dubai Maritime City, starting from AED 1 238 000. The area median is AED 2 777 per sq ft; this lot, at AED 2 380, is 14% below it. 5 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Dubai Maritime City area guide →Is the property ready or still under construction?
The handover date in the listing is Q1 2028. Until then payments follow the developer's payment plan. The date comes from the seller and is checked against the sale agreement before a deal.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 133 080 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 3 327 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Coral Reef?
The building has 55 floors and 279 units. Figures are from the project passport: Propsearch and the Dubai Land Department.
Coral Reef project page →How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP9-108377 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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