REEF 998
Off-Plan

REEF 998

From AED 835,385·Handover Jun 2028·20% down payment Payment
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AED 835,385
Starting Price
Jun 2028
Handover
20% down payment
Payment Plan
Studio · Retail
Type

Project Overview

REEF 998 is a premium residential complex from the REEF Development, featuring modern architecture and elegant facade. The complex is located in the prestigious Dubailand (DLRC) area. Its design combines minimalism and functionality, creating a harmonious environment for a comfortable life. The building consists of three basement levels, a ground floor, a three-level podium, twenty residential floors and a roof with amenities. Apartments at REEF 998 are available in a variety of options, from cozy studios to spacious three-bedroom apartments. All rooms are made with high-quality finishes, including modern materials and ergonomic layouts. The kitchens are equipped with premium European brand appliances. The residential complex offers many thoughtful amenities for a comfortable stay and an active lifestyle. Among them are an infinity pool, an open–air cinema, fitness areas (crossfit, yoga, boxing), a coworking, playgrounds and even a zipline. There are playgrounds for cricket, padel tennis, squash and a skate park on the roof, making REEF 998 an ideal place for outdoor activities. REEF 998 is located within easy transport accessibility from key points in Dubai. IMG Worlds of Adventure, Academic City are within a 5-minutes, and Dubai Safari Park is 15 minutes away. Downtown Dubai, Burj Khalifa and Dubai Marina can be reached in 20 minutes away. The DXB is a 20-minute away.

Project Specifications
DeveloperREEF Luxury Developments
LocationDubailand Residence Complex
Unit TypesStudio, Retail, 1 BR, Apartments, Commerce
AreaDubailand Residence Complex
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 36,047 / year
Cash-on-Cash
2.2%
Levered cashflow AED 8,479
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 54,300 / 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 998 launch basis928AED 835,385Current launch / asking basis
Dubailand Residence Complex ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubailand Residence Complex 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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Amenities & Lifestyle

Adults Pool
Aqua Fitness
BBQ
Basketball court
Boxing Area
Central A/C
Children’s pool
Climbing Wall
Covered Kids Play Area
Covered Parking
Covered gym
Coworking zone
Crossfit zone
Dining outlets (coffee houses & restaurants)
Fitness Zone
Floating deck with sunbeds
Infinity pool
Jogging tracks
Kids Play Area
Landscaped garden
Landscaped park
Laundry
Leisure areas
Library
Lift
Lobby
Lounge
Meditation zone
Multipurpose Sports Courts
Open air gym
Outdoor Multipurpose Space
Outdoor cinema
Paddle court
Parking
Recreational areas
Resting Areas
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym & fitness
Sitting Area
Skate Park
Smart home
Social zone
Sports ground
Sunken Seating
Tennis court
Walking paths
Yoga studio

Location

Dubailand Residence Complex

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Dubailand Residence ComplexDubailand Residence ComplexDubai, UAE

Developer Track Record

01

REEF 998 by REEF Luxury Developments

02

Located in Dubailand Residence Complex

03

Starting from AED 835,385

04

Unit mix includes Studio, Retail, 1 BR, Apartments

05

Expected handover: Jun 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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