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Reef 998

Under construction

by Reef Luxury Development · Dubai Land Residence Complex

Updated 22 October 2026 · Source: DLD open data · Information, not financial advice. Not an official DLD product.

The median sale price in Reef 998 is AED 1.07M (AED 1,557 per sqft), 10% above the Dubai Land Residence Complex median of AED 1,417 per sqft, from 200 sales in the last 12 months. It is 2% built, with handover planned for Jun 2028. The escrow account is at Abu Dhabi Islamic Bank.

Build progress2%
Planned handoverJun 2028
Units339
Median priceAED 1.07Mmiddle half AED 796K to AED 1.38M
Price / sqftAED 1,557area median AED 1,417
Sales, 12 months200284 since launch

Schedule check

Built2%
Planned time used45%

Build progress is 43 pts behind the share of time used.

Progress gap compares build progress with the share of planned time already used. A project 40% built after using 60% of its planned time shows -20 pts.

Registry details

Project number3651
DeveloperReef Luxury Development
Escrow bankAbu Dhabi Islamic Bank
Start date1 June 2025
Registered28 May 2025
DLD areaWadi Al Safa 5
CommunityDubai Land Residence Complex

Compare with other projects in Dubai Land Residence Complex

ProjectDeveloperStatusMedian pricePrice / sqftSales
Reef 998Reef Luxury Development2%AED 1.07M1,557200
Cybele By WadanWadan Real Estate Development2%AED 866K1,432225
Peace Lagoons By Peace HomesPeace Homes Development3%AED 1.03M1,457225
Cove Edition Residence 6 By ImtiazImtiaz Cove Real Estate Development26%AED 746K1,661206
Seraph By WadanWadan Real Estate Development11%AED 998K1,274188
Floarea OasisMashriq Elite Real Estate Development13%AED 799K1,466176
Nuve By ZoyaZoya One Real Estate Developments1%AED 704K1,585176

Areas: Dubai Land Residence Complex

Other projects by Reef Luxury Development

Reef 996999 Residences By Reef Luxury Development

Reef Luxury Development

Questions buyers ask

How much does a home in Reef 998 cost?

The median DLD sale price is AED 1.07M (AED 1,557 per sqft), from 200 sales in the last 12 months. The middle half of sales ran from AED 795,670 – AED 1.38M.

When is the handover of Reef 998?

The DLD registry shows a planned completion date of Jun 2028. Build progress is 2%. Build progress is 43 pts behind the share of time used.

Who is the developer of Reef 998?

Reef Luxury Development. The DLD registry lists 3 projects by this developer, 0 of them completed.

Ask before you buy off-plan

  • Is the project registered with DLD and is the escrow account in the developer's name at the bank shown here?
  • What share of the price must be paid before the developer allows resale?
  • What does the sale agreement say about delay compensation and the latest handover date?
  • Is the payment plan linked to construction milestones or to calendar dates?
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Source: DLD project registry and sales, via Dubai Data. Data through 22 October 2026. Registry dates can lag official extensions. Source · ZoneIQ gives information, not financial or investment advice. Figures are medians and estimates. Check any unit yourself before you commit.