Reef 998: off-plan project in Dubai Land Residence Complex
Reef 998 is an off-plan residential apartment project in Dubai Land Residence Complex, registered with the Dubai Land Department as project no. 3651 and developed by Reef Luxury Development L.L.C. From October 16, 2025 to October 16, 2026, 187 off-plan sales were registered there at a median price of AED 1,077,134 (AED 1,546 per sq ft); 80% of sales fall between AED 724,684 and AED 1,517,751.
- 187off-plan sales in 12 months
- AED 1,077,134median sale price
- AED 1,546median price per sq ft
- 0%construction progress (DLD)
- June 2028end date in the register
- 339registered units
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026. Source: Dubai Land Department project register (open data), as of 15/06/2026.
What the figures say
- Positioning: at AED 1,546 per sq ft, Reef 998 is in line with the median of off-plan sales across the 58 projects tracked in Dubai Land Residence Complex (AED 1,508 per sq ft), and 12.5% below the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 187 off-plan sales in 12 months, about 16 a month; number 8 by sales in Dubai Land Residence Complex over the period.
- Construction: 0% complete in the DLD register, construction had not started at the latest inspection; planned end June 2028.
- Profile: the best-selling type (apartment · 1 bedroom) makes up 42.2% of sales, alongside 3 other types.
Reef 998: official project sheet
Details from the project register kept by the Dubai Land Department. Off-plan payments go to the project's escrow account, as required by Dubai Law No. 8 of 2007.
| Item | DLD register |
|---|---|
| DLD project number | 3651 |
| Registered developer | Reef Luxury Development L.L.C (developer no. 1944) |
| Master developer | Dubai Land Residences (L.L.C) |
| Community (master project) | Dubai Land Residence Complex |
| DLD area | Wadi Al Safa 5 |
| Register status | not started |
| Construction progress | 0% |
| Project start | June 1, 2025 |
| Planned end | June 30, 2028 |
| Registered units | 339 units |
| Buildings | 1 |
| Escrow account | escrow agent registered with the DLD for this project |
Source: Dubai Land Department project register (open data), as of 15/06/2026.
Reef 998 off-plan prices by unit type
Off-plan sales over the last 12 months, at least 3 sales per row. Entry ticket observed: apartment · studio, at a median AED 759,566.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Apartment · Studio | 50 | AED 759,566 | 694,656 – 804,222 | 38 m² (409 sq ft) | AED 1,728 |
| Apartment · 1 bedroom | 79 | AED 1,059,463 | 973,061 – 1,180,864 | 62 m² (667 sq ft) | AED 1,546 |
| Apartment · 2 bedrooms | 45 | AED 1,426,999 | 1,351,946 – 1,527,029 | 93 m² (1,001 sq ft) | AED 1,412 |
| Apartment · 3 bedrooms | 13 | AED 1,879,636 | 1,826,705 – 2,081,584 | 130 m² (1,399 sq ft) | AED 1,346 |
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
To turn one of these prices into a payment schedule, use OffPlanSimulator's off-plan payment plan calculator, then add registration fees with the Dubai buying costs calculator.
Sales by unit type
Apartment · 1 bedroom: 42.2% of off-plan sales, with a median size of 62 m² (58 to 74 m² for 80% of them).
- Apartment · 1 bedroom: 42.2% (79 sales)
- Apartment · Studio: 26.7% (50 sales)
- Apartment · 2 bedrooms: 24.1% (45 sales)
- Apartment · 3 bedrooms: 7% (13 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
Reef 998 off-plan price by quarter
The median off-plan price per sq ft moved from AED 1,695 in Q2 2025 to AED 1,583 in Q3 2026 (-6.6%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q2 2025 | 5 | AED 1,695 | — |
| Q3 2025 | 77 | AED 1,603 | -5.4% |
| Q4 2025 | 73 | AED 1,594 | -0.6% |
| Q1 2026 | 66 | AED 1,530 | -4% |
| Q2 2026 | 29 | AED 1,463 | -4.4% |
| Q3 2026 | 30 | AED 1,583 | +8.2% |
Source: Dubai Land Department open data, off-plan sales registered since 1 January 2024, as of 16/10/2026.
Rents in Dubai Land Residence Complex
To gauge the rental market around Reef 998: annual rents of Ejari contracts registered in Dubai Land Residence Complex over the last 12 months (7,706 contracts).
| Unit type | Contracts | Median annual rent | Middle 50% range |
|---|---|---|---|
| Apartment · Studio | 1,994 | AED 38,000 | 34,000 – 42,000 |
| Apartment · 1 bedroom | 3,603 | AED 51,000 | 46,014 – 57,000 |
| Apartment · 2 bedrooms | 1,961 | AED 65,000 | 58,800 – 75,000 |
| Apartment · 3 bedrooms | 147 | AED 91,000 | 86,000 – 105,000 |
To compare a market rent with your purchase price and running costs, the rental yield calculator works it through step by step.
Source: Dubai Land Department, Ejari rent contracts (open data), 20/10/2025 to 20/10/2026.
Where is Reef 998?
Reef 998 is in Dubai Land Residence Complex (DLD area Wadi Al Safa 5), Dubai.
Further reading
- All off-plan projects in Dubai Land Residence Complex
- All DLD sales at Reef 998 (new and resale)
- Dubai Land Residence Complex property prices
- Dubai Land Residence Complex rents
- All Reef Luxury Development L.L.C projects
Other off-plan projects in Dubai Land Residence Complex
- Samana Boulevard Heights — AED 1,622/sq ft
- Kensington Gardens — AED 1,340/sq ft
- Cove Grand Residence by Imtiaz — AED 1,556/sq ft
- Le Blanc Residence by Imtiaz — AED 1,655/sq ft
- Peace Lagoons II by Peace Homes — AED 1,598/sq ft
- Cybele By Wadan — AED 1,432/sq ft
- Seraph by Wadan — AED 1,274/sq ft
- Cove Edition Residence 6 by Imtiaz — AED 1,668/sq ft
More projects by Reef Luxury Development L.L.C
Same budget elsewhere in Dubai (around AED 1,077,134)
- Binghatti Hills, Dubai Science Park — AED 1,076,469
- Golf Point, Dubai World Central — AED 1,077,444
- Parkside Boulevard, Arjan — AED 1,075,000
- Sports View Residence by Al Helal Al Zahaby, International City Phase 3 — AED 1,078,448
- Aveline Residences by Citi Developers, Jumeirah Village Circle — AED 1,079,760
- Holm One, Jumeirah Garden City — AED 1,072,384
Projects presented by Cevitas
Frequently asked questions
How much does a home at Reef 998 cost?
Over the last 12 months, the 187 off-plan sales registered with the DLD show a median price of AED 1,077,134, or AED 1,546 per sq ft; 80% fall between AED 724,684 and AED 1,517,751. The developer's current prices are on its price list.
When will Reef 998 be completed?
In the DLD project register (as of 15/06/2026), the project is "not started", 0% complete, with a planned end date of June 30, 2028. The handover date is confirmed by the developer.
Who is the developer of Reef 998?
The DLD register lists Reef Luxury Development L.L.C (developer no. 1944), in a community developed by Dubai Land Residences (L.L.C).
What unit types are sold at Reef 998?
Off-plan sales over the last 12 months cover: apartment · 1 bedroom (79), apartment · studio (50), apartment · 2 bedrooms (45), apartment · 3 bedrooms (13). Best-selling type: apartment · 1 bedroom, at a median AED 1,059,463 for 62 m².
Has the price per sq ft at Reef 998 changed?
The median off-plan price moved from AED 1,695 per sq ft in Q2 2025 to AED 1,583 in Q3 2026, based on DLD-registered sales.
How do I get the Reef 998 price list and payment plan?
Ask with the "Get the price list" button or on WhatsApp at +971 55 772 2710: a RERA-licensed Cevitas advisor sends you the available units, the developer's prices and the current payment plan, with no buyer commission on new launches.
Sources and method
Off-plan sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), residential sales registered off-plan ("Off-Plan Properties") from October 16, 2025 to October 16, 2026. Median price = middle registered price; range = 80% of sales (10th to 90th percentile). Price per sq ft = price / registered area (1 m² = 10.764 sq ft).
Developer, status, progress and dates: DLD "Projects" register (data.dubai) and "Developers" register (data.dubai), extract as of June 15, 2026. Progress is the figure from the latest DLD inspection on record; the end date is the one declared in the register and may be updated by the DLD.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), median annual rent of residential contracts over the last 12 months in the area.
Data published under the Dubai Open Data Licence and analysed by Cevitas Real Estate. They describe official transactions and an official register; they are not a valuation, a promise of return or investment advice. The developer's current prices are on its price list.