REEF 998 — project image
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
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 36,047 / year
Cash-on-Cash
2.2%
Levered cashflow AED 8,479
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 384,277 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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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

Published payment summary

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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

REEF 998 location map
Project location

Nearby Destinations

Dubailand Residence Complex

Developer and Project Facts

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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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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