Reef 998
Reef 998 Offered by Buy Dubai Off-Plan
Reef 998

Reef 998

by Reef Luxury Developments in Dubai Land Residence Complex (DLRC) View on map Under construction

Starting price
AED 759,441
Payment plan
70/30
Handover
Q2 2028

≈ € 182,000

Project details

Starting price AED 759,441 ≈ € 182,000 What will my monthly payments be?
Payment plan 70/30 70% during construction, 30% at handover
Handover Q2 2028 Under construction
Bedrooms Studio123
Property type
Apartment
Floor area
38 to 130 m²

About Reef 998

  • Modern apartments with studio, 1, 2, and 3-bedroom layouts

  • Prime location in the Dubai Land Residence Complex (DLRC) with excellent transport links

  • Luxury amenities including swimming pools, wellness facilities, and a gym

  • Spacious areas ranging from 38.28 to 129.79 m2 with high-quality finishes

  • Flexible payment plan: 70% during construction and 30% upon completion

Reef 998 at Dubai Land Residence Complex (DLRC): Luxury homes by Reef Developments

Reef 998 is a new residential project in the Dubai Land Residence Complex (DLRC), developed by Reef Developments. This modern complex offers a selection of studio, 1, 2, and 3-bedroom apartments with areas ranging from 38.28 to 129.79 m2. The project combines luxury and functionality in an urban environment, making it an attractive option for both professionals and families. Completion is scheduled for the second quarter of 2028, with prices starting from AED 759,441. The design of Reef 998 focuses on spaciousness and natural light, with floor-to-ceiling windows and high-quality materials. Residents can enjoy a range of premium amenities, including swimming pools, wellness facilities, and communal spaces. The location in DLRC provides easy access to key areas of Dubai, such as Downtown Dubai and Dubai Marina, thanks to its proximity to Sheikh Mohammed Bin Zayed Road. This project is ideal for those seeking a modern lifestyle in an up-and-coming neighbourhood.

Properties and Types

Reef 998 offers a diverse range of properties, suitable for various lifestyles. The complex includes studios and apartments with 1, 2, or 3 bedrooms, with areas between 38.28 and 129.79 m2. The studios are perfect for individuals or young couples seeking compact yet comfortable living. The 1-bedroom apartments offer more space and are suitable for small families or professionals who work from home. The 2 and 3-bedroom units are ideal for larger families or those needing extra space for guests or a home office. All properties are designed with a focus on functionality and aesthetics, featuring large windows for maximum natural light. The open-plan kitchens are integrated into the living areas, creating a sense of spaciousness. The high-quality finishes include modern appliances and durable materials, making each property ready for immediate occupancy. With this diversity of options, Reef 998 has something for everyone, whether you are investing or planning to live there yourself.

About the developer Reef Developments and the Reef 998 design

Reef 998 is an architectural masterpiece, developed by Reef Developments, a renowned name in Dubai’s real estate sector. The building stands out for its modern design, dominated by glass and clean lines. The developer is known for its attention to detail and quality, which is evident in the careful planning of this project. The complex offers not only living spaces but also a range of communal amenities that enhance the quality of life. These include a gym with high-quality equipment, temperature-controlled swimming pools, and tranquil gardens for relaxation. Reef Developments has ensured the building meets the highest standards of sustainability and comfort. The apartments are designed to make optimal use of natural light and ventilation, contributing to a pleasant living environment. With a completion date in 2028, this project allows ample time for meticulous finishing. For international investors, Reef 998 is an excellent choice, thanks to the reliable developer and thoughtful design.

Location and Area

Reef 998 is located in the Dubai Land Residence Complex (DLRC), a rapidly growing residential community with excellent transport links. The location provides easy access to key areas such as Downtown Dubai, Dubai Marina, and the business districts, thanks to its proximity to Sheikh Mohammed Bin Zayed Road. Within minutes, you can reach attractions like IMG Worlds of Adventure and Global Village, which is perfect for families and entertainment enthusiasts. The neighbourhood itself is undergoing rapid transformation, with new shops, restaurants, and recreational facilities enhancing the quality of life. DLRC is a promising location for real estate investment, due to its increasing popularity and ongoing developments in the area. For residents, this means a perfect balance of tranquillity and access to urban facilities. Whether you work in Dubai or simply want to enjoy life in this dynamic city, Reef 998 offers an ideal base. The combination of accessibility and living quality makes this project particularly attractive to both expatriates and local residents.

Flexible payment plan for Reef 998 homes

The payment plan for Reef 998 is designed to offer flexibility to investors and buyers. The plan stipulates a payment of 70% during the construction phase, spread across multiple instalments, and the remaining 30% upon final completion in 2028. This system allows for the financial burden to be spread out, which is particularly beneficial for those who do not wish to, or cannot, pay a large sum upfront. This plan offers additional security for buyers, as a significant portion of the payment occurs only once the project is actually completed. It is important to know that we can guide you through the entire process, from the initial payment to handover. Our expertise ensures you can optimally benefit from the opportunities this project offers. Whether you are investing for rental income or planning to live there yourself, the payment plan for Reef 998 makes it an accessible and sound choice in Dubai’s dynamic real estate market.

Amenities

Payment plan for Reef 998

70%30%
70%
During construction, in instalments
AED 531,609
≈ € 128,000
30%
After handover
AED 227,832
≈ € 55,000

Monthly payments and your own funds

How much do you need for Reef 998, 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 1,153

≈ € 280 per month

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

Your funds during constructionin instalments according to the payment plan
AED 531,609≈ € 127,600
Your funds at handover
AED 0≈ € 0
Mortgage at handover
AED 227,832≈ € 54,700
Purchase costs4% DLD fee and mortgage costs
AED 34,096≈ € 8,200
Total funds required
AED 565,704≈ € 135,800
Request finance guidance for Reef 998
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.

Floor plans

Location

Dubai Land Residence Complex (DLRC), Dubai
Open in Google Maps

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.