DAMAC Properties
Shoreline By Damac
Shoreline by Damac, Al Marjan Island, Ras Al Khaimah
From AED 1,830,000
- Payment plan70/30
- HandoverQ3 2028
- Units1–5 BR · Apartments, townhouses
Off-plan
Coral Reef
Coral Reef is an off-plan apartments development by DAMAC Properties in Dubai Maritime City, with homes from AED 1,700,000 on a 70/30 payment plan and handover expected in Q1 2028. Homes at AED 2 million or more may support a 10-year UAE Golden Visa, with extra document rules for off-plan units.
Starting from
AED 1,700,000
Overview
Apartments in Dubai Maritime City.
Coral Reef is a luxury residential development with 1–3 bedroom apartments in Dubai Maritime City. The master developer of the complex is DAMAC Properties. The interior of the residences will be inspired by coral reefs. The 36-storey tower is being designed in partnership with Vincent Faudemer, a well-known artist from France.
The size of the properties ranges from 776 sq. ft to 1,815 sq. ft. You will be able to enjoy wonderful views of the Arabian Gulf and tropical gardens from your balcony.
Details
Key facts.
- Developer
- DAMAC Properties
- Area
- Dubai Maritime City, Dubai
- City
- Dubai
- Starting price
- AED 1,700,000
- Status
- Off-plan
- Handover
- Q1 2028
- Property types
- Apartment
- Unit types
- 1–3 BR
- Payment plan
- 70/30
- Golden Visa
- Below AED 2M from-price
Gallery
Project photos.
Payment plan
70/30, paid in 3 steps.
70% before handover30% on handover
- 120%Down paymentOn booking
- 250%Construction instalmentsDuring construction
- 330%Handover paymentOn handover
| Milestone | Share | Amount (AED)* |
|---|---|---|
| Down payment | 20% | 340,000 |
| Construction instalments | 50% | 850,000 |
| Handover payment | 30% | 510,000 |
| Total | 100% | 1,700,000 |
*Worked example on the starting price of AED 1,700,000. Instalment dates and amounts are confirmed per unit in the sales offer. DLD registration fees are payable on top (see the buying guide).
Floor plans
Unit types & sizes.
| Unit type | Size (sq ft) | From (AED) |
|---|---|---|
| 1 bedroom | 776 | 1,700,000 |
| Unit type | Size (sq ft) | From (AED) |
|---|---|---|
| 2 bedrooms | 1197 | 2,527,000 |
| Unit type | Size (sq ft) | From (AED) |
|---|---|---|
| 3 bedrooms | 1770 | 3,328,000 |
Location
In Dubai Maritime City.
Investment
The numbers, worked out.
- Entry price
- AED 1,700,000
- Paid before handover
- AED 1,190,000 (70%)
- Due on handover
- AED 510,000 (30%)
- DLD registration (4%)
- AED 68,000 verify
- Golden Visa threshold
- From-price is below AED 2M
Worked from the starting price and the stated payment plan; your unit’s figures come from the sales offer. The 4% DLD figure is DLD’s published sale-registration fee (how it is split is set in the sale agreement). Not financial advice. See the investor guide.
Developer
About DAMAC Properties.
Developer and master developer of DAMAC Lagoons, with DAMAC Islands 2 in Dubailand.
- Projects on Sovereign
- 39
Brochure & floor plans
Get the brochure and floor plans.
Ask our team, or leave your details and we will send the developer’s brochure and floor plans with current availability.
- Project brochure
- Floor plans for every unit type
- Latest prices and payment plan
- Broker (Sovereign Realty) ORN
- 46342
Sovereign Realty’s broker registration. Trade licence 1430699.
FAQ
Questions about this project.
What is the starting amount at Coral Reef?
Homes at Coral Reef start from AED 1,700,000 for 1-bedroom homes. Availability and figures change with each release, so request the latest availability before you reserve.
What is the payment plan for Coral Reef?
DAMAC Properties offers a 70/30 payment plan: 70% during construction and 30% on handover. The Dubai Land Department registration fee of 4% is usually paid at signing, on top of the plan.
When is handover at Coral Reef?
Handover is expected in Q1 2028. Completion dates can move, so check the developer's latest construction update before you plan around it.
What fees sit on top of the payment plan at Coral Reef?
Budget for the Dubai Land Department registration fee of 4% of the sale value, usually paid at signing, and Sovereign's brokerage fee of 2%. Any developer admin charge is set in the sale and purchase agreement for the unit.
Does Coral Reef qualify for the UAE Golden Visa?
A home with a purchase value of AED 2 million or more, held in your name, can support a 10-year Golden Visa. Off-plan units need extra documents, so read our Golden Visa guide first.
Who is the developer of Coral Reef?
Coral Reef is developed by DAMAC Properties. See the developer page for their other projects in Dubai.
How do I get the floor plans and brochure for Coral Reef?
Send an enquiry from this page and Sovereign will share the floor plans, brochure and current availability for Coral Reef.
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this project?
Ask about availability, the payment plan or resale rules.