REEF 996
Off-Plan

REEF 996

From AED 768,318·Handover Sep 2028·20% down payment Payment
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AED 768,318
Starting Price
Sep 2028
Handover
20% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

REEF 996, a residential complex developed by REEF Developments, is a modern building located in Dubai Production City. The building has a basement level, a ground floor, three podium levels and twenty residential floors. The architecture of the project emphasizes the harmony of nature and innovation, and the facade is made using high-quality aluminum systems of the European brand, providing energy efficiency, durability and elegant appearance. The complex offers apartments of various formats: studios, as well as apartments with one, two and three bedrooms. The interiors of the apartments are decorated with special attention to detail and quality: high ceilings, panoramic windows, exquisite materials and premium fittings. The kitchens are equipped with built-in appliances from premium brands. The key feature of REEF 996 is the presence of the world's first outdoor refrigerated garden lounge areas, as well as patented refrigerated recessed balconies. The complex's facilities include a lobby, a cinema area, a barbecue, sports fields, yoga, pilates and crossfit halls, a climbing wall, swimming pools, a jacuzzi, and a play area for children. REEF 996 provides quick access to many key points in Dubai: to Dubai Marina, Dubai Miracle Garden, Jumeirah Beach Residence and Mall of the Emirates — 10 minutes, to Palm Jumeirah, Global Village and DWC — 15 minutes, to Burj Khalifa and Dubai Mall — 20 minutes, to DXB — 25 minutes.

Project Specifications
DeveloperREEF Luxury Developments
LocationDubai Production City
Unit TypesStudio, 1 BR, 2 BR, 3 BR, Apartments
AreaDubai Production City
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 33,153 / year
Cash-on-Cash
2.2%
Levered cashflow AED 7,798
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 49,941 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
REEF 996 launch basis854AED 768,318Current launch / asking basis
Dubai Production City ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai Production City premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from REEF Luxury Developments.

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Payment Structure

20% down payment

Flexible Payment

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Floor Plans

REEF 996 — 1 Bedroom Floor Plan

Amenities & Lifestyle

Adults Pool
BBQ
Bar
Basketball Half Court
Beauty Salon
Cabanas
Children’s pool
Cinema
Climbing Wall
Conference room
Covered Parking
Covered gym
Crossfit zone
Dining outlets (coffee houses & restaurants)
Fitness Zone
Floating deck with sunbeds
Infinity pool
Jogging tracks
Kids Club
Kids Play Area
Landscaped garden
Lavish Sundeck
Leisure areas
Lift
Lounge
Meditation zone
Meeting Room
Multipurpose Sports Courts
Open Kids Play Area
Outdoor Multipurpose Space
Outdoor cinema
Paddle court
Parking
Picnic Area
Pool Deck
Pool Lounge
Recreational areas
Resting Areas
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym & fitness
Sitting Area
Smart home
Social zone
Sports ground
Storage Areas
Sunken Seating
Sunset Bar
Table Tennis
Terrace Garden
Yoga Area
Yoga studio

Location

Dubai Production City

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Dubai Production CityDubai Production CityDubai, UAE

Developer Track Record

01

REEF 996 by REEF Luxury Developments

02

Located in Dubai Production City

03

Starting from AED 768,318

04

Unit mix includes Studio, 1 BR, 2 BR, 3 BR

05

Expected handover: Sep 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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