REEF 998
REEF 998 Residences redefines urban living in Dubai Land Residence Complex with its revolutionary outdoor cooling balconies. As the world’s 3rd building with this patented technology, it combines innovation, wellness, and luxury. Choose from studios to 3BR units, enjoy resort-style amenities, and benefit from flexible payment plans through 2028.
Starting at 695,850 AED (189,500 USD)
Purchase directly from the developer, without brokerage fees!
Benefit From 0% Interest On Your Payment Plan
3-Year Payment Plan!
REEF 998 presents an exceptional investment opportunity with strong rental return potential. Investors also have the flexibility to resell the property and benefit from capital appreciation — even during the construction phase — once 30% of the unit price has been paid to the developer.
20%
Secure your unit with an initial down payment.
50%
Make periodic payments during the development phase of the project.
30%
On Handover. 100% Completion. Option for a 2.5 year post-handover payment plan.
4%
As per regulations, there is a one-time payment to the Dubai Land Department (DLD) for property registration.
Modern lifestyle
6 Key Advantages of REEF 998
Outdoor Cooled Balconies
Stay cool all year round with patented balcony cooling – a global innovation in comfort.
Prime Dubai Location
Located in DLRC with fast access to Downtown, Academic City, and Global Village.
Resort-Style Amenities
From an infinity pool to zip lines and co-working spaces – it's a lifestyle destination.
Flexible Payment Plans
Choose between a 3-year or 5.5-year plan with low monthly installments.
Strong Investment Potential
Competitive starting prices, high rental demand, and future metro access in DLRC.
Modern Smart Layouts
Efficient, stylish units with skyline or park views – designed for comfort and value.
REEF 998 is the newest addition to Reef Luxury Developments, following the sold-out success of REEF 999 and REEF 1000. Located in Dubai Land Residence Complex (DLRC), this iconic project features Sunken Balconies with Outdoor Cooling Technology – the third of its kind globally.
Enjoy livable balconies all year long in a master-planned community with skyline views and over 15 resort-style amenities including an infinity pool, outdoor cinema, gyms, and sports courts. With flexible 3- and 5.5-year payment plans, starting prices from AED 696K, and a handover in Q2 2028, REEF 998 blends innovation, comfort, and high potential for investment.
Watch Cove Grand Video
Photo Gallery
Amenities
• Infinity Swimming Pool
• Kids Pool
• Kids Playing Area
• Jogging Track
• Techno Gym
• Cinema Area
• Zip Line
• BBQ Area
• Yoga
• Co-Working Zone
• Crossfit
• Boxing
• Wall Climbing
• Floating Lounge
• Sunken Seating
• Wet Decking
• Hammock Forest Area
• Aqua Bikes
• Seating With Fire Pit
• Trampoline
• Swing
• Cornhole
• Walkway
• Cricket
• Single Padel Court
• Squash Court
• Skate Park
• Shooting Court
• Bench
3 Year Until the Key Handover!
- Developer: Reef Luxury Developments
- Completion Date: Q2 2028
- Project type: Residential Building (Off-Plan)
- Location: DubaiLand, Dubai
1-3 Bedroom Apartments
Various options to choose from
1 Bedroom
Starting at 1,800,000 AED
2 Bedroom
Starting at 2,500,000 AED
3 Bedroom
Starting at 4,900,000 AED
Easy access to all points in Dubai
Short distance to all possible destinations
Dubai Marina
30 minutes by car
Burj Khalifa
20 minutes by car
Global Village
10 minutes by car
Dubai Airport
25 minutes by car
DubaiLand
Location on the Map
High Return Potential!
Why Dubai Land Residence Complex?
Convenient Metro Proximity
The upcoming metro station will provide seamless connectivity to key parts of Dubai, enhancing accessibility and significantly boosting property values.
Academic Hub Advantage
Located near Academic City, home to approximately 27 universities, the area benefits from a vibrant academic community and a consistent demand for rental properties.
Silicon Oasis Proximity
With Silicon Oasis—Dubai’s emerging third city center by 2040—just a stone’s throw away, the region is set for substantial growth driven by innovation and technology.
Thriving Community & Lifestyle
The Dubai Land Residence Complex is part of a broader strategic development plan that emphasizes quality infrastructure, modern amenities, and a dynamic lifestyle, ensuring long-term capital appreciation and an exceptional living experience.
Expression of Interest
Steps to Secure Your Unit
#1 EOI Payment
#2 Unit Selection
#3 Down Payment Settlement
#4 Signing the SPA Agreement
Payment Solutions Selection
Payment Options
Bank Transfer
Direct bank transfer to Escrow bank account.
Credit Card Payment
Payment via credit card through the link provided by REEF.
Cash Payment
Cash can be directly handed over at the developer company's offices.
External Company
Transfer to a local bank account of Covercy company.
Cryptocurrency Payment
Transfer of payment using digital currencies.
Interest-Free Payments for 3 Year
Payment Plan
20% + 4%
50%
30%
About The Developer
REEF
REEF Luxury Developments is a forward-thinking real estate company in Dubai, dedicated to crafting innovative, high-quality living spaces with lasting impact. Known for its attention to detail and timely project delivery, REEF blends smart design with practical luxury.
The company is led by Samer Ambar, a seasoned CEO with over 20 years of experience in finance and real estate development. A graduate of the University of Dubai and London Business School, Samer is recognized for his strategic leadership, tech-driven vision, and ability to deliver projects that combine innovation, value, and long-term investment appeal.
FQA
Frequently Asked Questions
When you purchase a property, you pay a one-time fee of 4% of its price to the Dubai Land Department (DLD). You do not pay any taxes on profits when you decide to sell the property. The entire return on the property’s appreciation is yours!
Several payment options are available for purchasing a property in project. You can pay in cash, use cryptocurrencies, credit cards, or make a bank transfer. In Dubai, there is no limit on the amount of cash, and there is no need to declare the source of the funds. Important: the payment goes directly to the construction company and not through the real estate agent!
Yes, definitely. When you purchase the property, you become the owner of the property and the land forever until you decide to sell it. In 2006, the government approved full ownership for all foreigners in 33 free trade zones in Dubai. After completing the registration of the property at the Dubai Land Department (DLD), you will receive a deed of ownership of the property directly to your email address.
The funds you transfer to the construction company are held in an escrow account with bank support, ensuring the safety of investors’ funds until the property is delivered. In Dubai, there are strict government oversight, control, and enforcement mechanisms in place to fully protect investors’ funds. You do not need to open a bank account or get involved in the matter as everything is handled by the construction company.
No, there is no need. In Dubai, there is a uniform property purchase contract for all construction companies, which cannot be changed.
We are here to help you!
Do you have a question? We are happy to provide you with full advice and support without any obligation!
Easy and fast purchase with the support of a professional agent!
Why choose us?
- Quick response to all your inquiries and questions.
- Full support throughout the purchase process.
- Assistance in choosing the right investment strategy.
- Help in selecting the most affordable unit.
- Guidance for future property renting or selling.
- Arrangement of a visit to REEF sales center in Dubai, if needed.
- Full assistance in property registration with the Dubai Land Department (DLD).
- Regular updates during the project's development period.
- Support in obtaining a residence permit and opening a bank account, if required.
- No brokerage commission.
Choose us for a hassle-free and professional purchasing experience. Let us assist you every step of the way.