What does Coral Reef cost per square foot?

AED 2,432 per sqft, the median of 4 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 2.03M.

Is Coral Reef in escrow?

Yes: the Land Department register names بنك دبي الاسلامي (شركة مساهمة عامة) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of Coral Reef?

The register names the master developer, Dubai Maritime City, which owns the land; the company building the project is not recorded. Dubai Land Department project register as of July 2026.

How many units does Coral Reef have?

279 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.

Off-plan · DLD project register as of 6 Jul 2026

Coral Reef

Under construction · 279 units · started Oct 2023 · Maritime City

13% built in July 2026; the register gives no handover date. Off-plan units sell at AED 2.03M (AED 2,432/sqft) over 4 sales in 12 months.

Off-plan price, typical unit

2.03MAED

AED 2,432/sqft · 4 sales in 12 months

Built13%

Started Oct 2023

DLD project register, Jul 2026

Median off-plan sale: AED 2.03M
Titles issued: 0 of 279
Escrow: بنك دبي الاسلامي (شركة مساهمة عامة)

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Is Coral Reef a safe off-plan buy?In escrow; 13% built; no record of the builder

Is it on schedule?13% built in July 2026; the register gives no handover date · DLD project register, Jul 202613%Context
Is my money protected?Payments go to an escrow account at بنك دبي الاسلامي (شركة مساهمة عامة), as registered with the Land DepartmentEscrowContext
Is the price fair?AED 2,432/sqft over 4 off-plan sales; too few sales to compare2,432Context
Is it selling?4 off-plan sales registered in the last 12 months, of 279 units; the latest on 11 Jun 20264Context
Who is building it?The register names the master developer, Dubai Maritime City; the builder is not recordedNo record

A registered date is not a delivery forecast · 79% of recorded completions carry their planned date to the day · DLD register, July 2026

Check an asking price →How each reading works →

What is being built279 units, mostly one-beds; none titled yet

Type	Units	Titled
1 bed	14753%	779–796
2 bed	8631%	1,178–1,380
3 bed	4616%	1,735–1,804

DLD unit register · balconies a median 24% of unit area · median off-plan sale AED 2.03M

Every unit, floor by floor →

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Every unit, as registered

279 units in DLD’s register for Coral Reef, floor by floor.

Show 279 of 279 units

Floor	Unit	Type	Sqft	Balcony	Title issued
2	1 · 201	1 bed	796	192	Not yet
2	1 · 202	1 bed	779	167	Not yet
2	1 · 203	3 bed	1,735	498	Not yet
2	1 · 204	1 bed	787	173	Not yet
2	1 · 205	1 bed	859	272	Not yet
2	1 · 206	1 bed	767	130	Not yet
2	1 · 207	1 bed	888	255	Not yet
3	1 · 301	1 bed	793	189	Not yet
3	1 · 302	1 bed	779	166	Not yet
3	1 · 303	3 bed	1,790	554	Not yet

A title is issued at handover. “Not yet” means no title, which a reserved unit and an unsold one share; the register does not say which is for sale.

How other Maritime City projects are tracking1 of the 3 nearest-to-finished are past their registered dates

Project	%
Aria By Beyond	85%	Jan 2026 · past date
Mar Casa	56%	Oct 2026
The Pier	35%	Dec 2026
Coral Reefthis project	13%	—

“Past date”: the registered date has already passed · 1 of 17 live Maritime City projects past theirs · DLD register and inspections, October 2026

All 25 Maritime City projects →

As registered with the Land DepartmentWhere Coral Reef is, and who is on its register row

Escrow agent: بنك دبي الاسلامي (شركة مساهمة عامة)
Master developer: Dubai Maritime City
Registered start: October 2023
Configuration: Project Consist of 1B+G+6P+47F+MECH+R residential building with retail outlets located in Dubai Maritime city, Dubai. The building is designed to have a concrete structure and block with internal and external finishes.

Pills show median resale price per sqft, AED. 1 of 1 published tower pinned; verify a plot before relying on it.Open in Apple Maps

Construction progress is the percentage DLD recorded in its project register as of July 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

Published buildings in Coral Reef

Towers inside this project that have enough registered resales for their own record.

Coral Reef

Maritime City · 4 sales, 12 months

2,432

AED/sqft, resale median

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Common questions

What does Coral Reef cost per square foot?: AED 2,432 per sqft, the median of 4 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 2.03M.
Is Coral Reef in escrow?: Yes: the Land Department register names بنك دبي الاسلامي (شركة مساهمة عامة) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.
Who is the developer of Coral Reef?: The register names the master developer, Dubai Maritime City, which owns the land; the company building the project is not recorded. Dubai Land Department project register as of July 2026.
How many units does Coral Reef have?: 279 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.

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Off-plan record for Coral Reef

Record type: Project-level off-plan register record
Data date: 2026-10-12
Evidence base: 279 registered units; DLD project register as of 2026-07-06
Sources: Dubai Land Department project register, construction inspections and title register; sale transactions
Canonical record: /off-plan/apartments/dubai/dubai-maritime-city/coral-reef
Method: Definitions and calculations

Cite as: Dubai Wealth Index. “Coral Reef, off-plan.” Maritime City, Dubai. Register to 2026-07-06, data to 2026-10-12. https://dubaiwealthindex.com/off-plan/apartments/dubai/dubai-maritime-city/coral-reef