Reef 996
Reef 996 Offered by Buy Dubai Off-Plan
Reef 996

Reef 996

by Reef Luxury Developments in Dubai Production City View on map Under construction

Starting price
AED 3,600,000
Payment plan
70/30
Handover
Q3 2028

≈ € 864,000

Project details

Starting price AED 3,600,000 ≈ € 864,000 What will my monthly payments be?
Payment plan 70/30 70% during construction, 30% at handover
Handover Q3 2028 Under construction
Bedrooms Studio123
Property type
Apartment
Floor area
37 to 179 m²
Project brochure
Free, with no obligation

The Reef 996 brochure

Download the brochure for Reef 996 of Reef in Dubai Production City for free with all the information about this project.

  • Floor plans by property type
  • Full price list
  • Payment plan
Download the brochure

About Reef 996

  • World-first with patented cooled sunken balconies in every residence

  • Unique architecture inspired by sea waves in the International Media Production Zone

  • Excellent finishing with premium brands such as Bosch, Grohe and Gutmann

  • Favourable payment plan with only 30% due on handover in the third quarter of 2028

  • Strategic location near Sheikh Mohammed Bin Zayed Road and City Centre Me’aisem

Overview of Reef 996 in Dubai Production City

Reef 996 positions itself as a beacon of modern luxury and technological innovation in the heart of Dubai Production City. This residential project, developed by Reef Developments, represents a new era of urban living where harmony between nature and advanced technology is central. The building, a mid-rise tower consisting of a basement level, ground floor, three podium levels and twenty residential floors, is immediately distinguished by its iconic facade, which is inspired by the elegant movement of sea waves. This visual identity, a trademark of the developer, creates an unforgettable first impression and promises a living experience that far exceeds the conventional. The project’s central concept revolves around providing ultimate comfort, even in Dubai’s intense desert climate. This is achieved through globally patented solutions, such as the unique Outdoor Cooled Garden Lounges, shared spaces where residents can enjoy the outdoors without the heat, and the private cooled sunken balconies with every residence. These balconies offer not only a cool retreat but also panoramic views of the surrounding landscape. Reef 996 is more than just a collection of apartments; it is a carefully designed ecosystem that elevates daily life into an experience of refined tranquillity and technological convenience, all located within a freehold area specifically dedicated to media companies, fostering a dynamic and international community.

Property Types and Layouts at Reef 996

Reef 996 offers a comprehensive selection of residential units, ranging from practical studio apartments to spacious three-bedroom apartments, with areas ranging from 37 square metres to over 179 square metres. Every residence is a masterpiece of functionality and timeless elegance, designed with exceptional attention to detail and refinement. The interiors exude a refreshing atmosphere, characterised by a colour palette of light blue and calming, yet distinct, tones that promote a sense of serenity and space. The living areas all feature open floor plans, where the living room seamlessly flows into a cosy seating area, a separate dining zone and an open kitchen. This layout maximises the spatial experience and is ideal for both social gatherings and modern family life. The bedrooms serve as sanctuaries within the home; they are carefully designed to provide privacy and a peaceful environment for deep relaxation. An essential part of every residence is the patented, cooled sunken balcony, an innovation that allows residents to enjoy the outdoors all year round. The finishing is of the highest standard, with integrated Bosch appliances in the kitchens, Grohe sanitaryware in the bathrooms and high-quality aluminium systems from Gutmann for the windows and facade. This choice of renowned brands guarantees not only durability and performance but also a life of exclusive refinement.

Developer Reef and Construction Quality

With Reef 996, Reef Developments once again confirms its reputation as a visionary developer specialising in integrating groundbreaking innovations into the real estate sector. The company is known for its signature architectural style, which in this project results in a sea wave-inspired facade with immense glass surfaces that give the building its unique character. The commitment to quality is visible in every detail, starting with the grand entrance hall. This lobby is designed to provide a spacious, inspiring and naturally lit atmosphere, executed in soothing turquoise and white tones inspired by colourful coral reefs. The finishing is contemporary, smooth and highly refined, setting a tone of calm and superior luxury. The grand corridors are functionally designed with a modern and attractive style, contributing to seamless accessibility throughout the entire building. Reef sets itself apart from conventional construction methods by introducing world-firsts, such as the cooled outdoor spaces, demonstrating a deep understanding of the needs of residents in an urban environment like Dubai. This focus on technological advancement, combined with an unwavering commitment to superior materials and finishing, places Reef Developments at the forefront of luxury residential development and offers future residents the assurance of an investment in an exceptionally high-quality and future-proof home.

Location and Surroundings of Reef 996

The strategic location of Reef 996 in Dubai Production City, officially known as the International Media Production Zone (IMPZ), offers residents the best of both worlds: the tranquillity of a developing suburban landscape and proximity to world-class amenities and major traffic arteries. IMPZ is a thriving, freehold community primarily dedicated to media companies, creating a unique, international and dynamic neighbourhood atmosphere. The project enjoys excellent accessibility thanks to its direct connection to Sheikh Mohammed Bin Zayed Road, one of Dubai’s main highways, placing the city’s business district, Dubai Marina, and Al Maktoum International Airport within easy driving distance. For daily needs and relaxation, residents can rely on the nearby City Centre Me’aisem, a comprehensive shopping and dining centre offering a wide range of retail, entertainment and hospitality options. The area itself is evolving rapidly and is being enriched with first-class community facilities, including parks, recreation areas and essential services. This makes the location attractive not only for media professionals but also for families and individuals seeking a complete living environment. The combination of an innovative residential destination like Reef 996 with a promising and well-connected location makes this project an extremely attractive proposition for both living and investment.

Payment Plan for Reef 996 Apartments

Reef 996 offers a highly favourable and investor-friendly payment plan that is aligned with the construction phases of the project, with handover anticipated in the third quarter of 2028. The plan is transparent and offers financial flexibility, which is particularly attractive for buyers looking to spread an investment over a longer term. The plan provides for payments of 70 percent of the purchase price, spread across the various construction phases. This phased approach means that the largest financial commitments coincide with the actual progress of construction, providing additional security for the buyer. The remaining 30 percent of the purchase price is only due upon final handover and key transfer. This offers significant advantages, such as lower initial financial pressure and the ability to link the final payment to the project’s completion as contracted. The starting prices for the apartments begin at AED 3,600,000 (approximately £745,000, €860,000), representing an accessible entry point for a project with such unique innovations and premium finishing. For international investors interested in this unique project, we are ready to provide detailed information about the payment plan and to assist with all steps of the purchasing process, from initial exploration to the final key handover.

Amenities

Payment plan for Reef 996

70%30%
70%
During construction, in instalments
AED 2,520,000
≈ € 605,000
30%
After handover
AED 1,080,000
≈ € 259,000

Monthly payments and your own funds

How much do you need for Reef 996, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 5,465

≈ € 1,310 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 2,520,000≈ € 604,800
Your funds at handover
AED 0≈ € 0
Mortgage at handover
AED 1,080,000≈ € 259,200
Purchase costs4% DLD fee and mortgage costs
AED 158,370≈ € 38,000
Total funds required
AED 2,678,370≈ € 642,800
Request finance guidance for Reef 996
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Photos of Reef 996

Location

Dubai Production City, Dubai Dubai Sports City: 08 minutes · Mall of the Emirates: 15 minutes
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Travel times from Reef 996

  • Dubai Sports City: 08 minutes
  • Mall of the Emirates: 15 minutes
  • Dubai Marina: 18 minutes
  • Downtown Dubai: 22 minutes
  • Dubai International Airport: 28 minutes

About Reef Luxury Developments

Reef offers a diverse portfolio of off-plan real estate projects in Dubai, ranging from luxury apartments to commercial spaces. These projects are located in strategic areas such as Dubai Marina, Downtown Dubai and Jumeirah Village Circle, making them attractive to both residential and commercial investors. An example is Reef Crown in JVC, with apartments starting from AED 1.2 million and areas from 65 m2.

Reef focuses on modern designs with high-quality finishes, making their projects stand out in the competitive Dubai real estate landscape. On this page, you will find a complete overview of all available off-plan projects, including prices, payment plans and expected completion dates. Contact us for a personal presentation of the opportunities.

All projects by Reef Luxury Developments

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Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.