Reef 998
by Reef Luxury Development · 📍 Dubai Land Residence Complex (DLRC)
Price from
AED 1.10M
Reef 998 is a project by Reef Luxury Development in Dubai Land Residence Complex (DLRC), Dubai. Prices start from AED 1.10M. It offers Studio, 1 Bedroom, 2 Bedroom and 3 Bedroom. Reef Luxury Development states handover in June 2028. It was 2% built at the official RERA site inspection of 27 August 2026.
Official brochure
Full unit layouts & floor plans are inside the brochure. Source: independent listing source.
About the project
<p>Reef 998 is an upcoming modern residential development by Reef Developments, situated in the Dubai Land Residence Complex (DLRC). The off-plan project will feature a variety of thoughtfully designed studio, 1, 2 and 3-bedroom apartments. Each unit will blend contemporary architecture with functional interiors, providing residents with a comfortable and stylish living experience. <p>The development will be surrounded by a growing community, complete with essential amenities, green spaces and leisure facilities. The project is planned at a prime location near the intersection of Emirates Road (E611) and Al Ain - Dubai Road (E66), offering connectivity to key areas across Dubai.
Construction progress
2.07% complete at the latest RERA site inspection on 27 Aug 2026; scheduled completion 30 Jun 2028.
Project register as of 16 Oct 2026.
| Inspection | Complete | Photos |
|---|---|---|
| 27 Aug 2026 | 2.07% | 4 |
| 18 Jun 2026 | 0.83% | 3 |
| 10 Mar 2026 | 0.19% | 5 |
| 3 Apr 2025 | 0% | 2 |
Escrow account 19429442 at Abu Dhabi Islamic Bank. Payments for units in this project go into this account.
Official RERA site-inspection records for registered project #3651, updated daily. Tap a photo for the full-size original.
Sales velocity
Per-unit-type pricing and sell-through from an independent market source.
| Unit | Size | Price from | Sold |
|---|---|---|---|
| 1 Bed | 620–790 sqft (58–73 m²) | AED 1.10M | 119 / 133 |
| 2 Beds | 1,000–1,010 sqft (93–94 m²) | AED 1.40M | 50 / 57 |
| 3 Beds | 1,400 sqft (130 m²) | AED 1.90M | 16 / 19 |
Independent third-party construction snapshot, not developer-confirmed. Sold counts reflect that source's own tracking and may differ from the other listing data on this page.
Amenities
How it compares in Dubai Land Residence Complex (DLRC)
20 other off-plan projects in Dubai Land Residence Complex (DLRC) · average entry price AED 1.91M · this project is 42% below that average
Reef 998: questions and answers
What is the starting price of Reef 998?
Prices at Reef 998 start from AED 1.10M, for homes from 412 sqft (38 m²), as published by Reef Luxury Development.
What is the payment plan for Reef 998?
The payment plan published by Reef Luxury Development for Reef 998 is: 20% down, 50% pre-handover, 30% handover.
When is the handover of Reef 998?
Reef Luxury Development states handover of Reef 998 in June 2028. The Dubai Land Department project register lists the completion date of the project as June 2028.
How much of Reef 998 is built?
Reef 998 was 2% complete at the official RERA site inspection of 27 August 2026.
Is Reef 998 registered with the Dubai Land Department?
Yes. Reef 998 is registered with the Dubai Land Department as project number 3651, and its escrow account is held at Abu Dhabi Islamic Bank. By law, buyers' payments for an off-plan home in Dubai go into the project's escrow account.
Who is the developer of Reef 998?
Reef 998 is developed by Reef Luxury Development. The Dubai Land Department project register lists 5 projects for Reef Luxury Development, all under construction.
Where is Reef 998 located?
Reef 998 is in Dubai Land Residence Complex (DLRC) (Reef 998), Dubai.
What unit types does Reef 998 offer?
Reef 998 offers Studio, 1 Bedroom, 2 Bedroom and 3 Bedroom, with sizes from 412 sqft (38 m²). The project has 339 units in the Dubai Land Department project register.
How does Reef 998 compare with other off-plan projects in Dubai Land Residence Complex (DLRC)?
The starting price of Reef 998 (AED 1.10M) is 42% below the average starting price of 10 other off-plan projects in Dubai Land Residence Complex (DLRC), which is AED 1.91M.
What is the average price per sqft in Dubai Land Residence Complex?
Apartments in Dubai Land Residence Complex sell for about AED 819/sqft (AED 8,810/m²), based on 614 registered sales in the last 12 months.
What rental yield can I expect in Dubai Land Residence Complex?
Apartments in Dubai Land Residence Complex yield about 7.7% gross, or about 6.2% net after service charges, based on 7,746 registered rent contracts and 614 sales in the last 12 months.
What are the service charges in Dubai Land Residence Complex?
Service charges for apartments in Dubai Land Residence Complex are about AED 12.53/sqft (AED 135/m²) a year, per an independent third-party source. The exact rate depends on the building, so confirm it with the developer before buying.
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Source: live new-projects feed. Prices are "starting from" figures where published. Always verify with the developer before transacting. Project details last checked on 27 Aug 2026.