Reef 995
Details
Amenities and Facilities
Payment Plan
70/30 Payment Plan
Project Overview
Reef 995 is a 17-storey residential development by Reef Luxury Development in Dubai Land Residence Complex (DLRC), comprising 334 apartments spanning studios through three-bedroom units from 423 to 1,490 sq ft. Launch pricing begins at AED 740,000 on a 70/30 payment structure, with handover scheduled for Q4 2028. The project distinguishes itself through Reef's patented Outdoor-Cooled Sunken Balcony technology, enabling comfortable outdoor living during Dubai's hottest months. Three full floors are dedicated to communal amenities.
About the Project
Reef 995 is designed around balanced residential living with emphasis on usability and comfort. The building features three full floors of communal amenities including a swimming pool, fully equipped gymnasium, kids' play room and green surroundings. Each residence incorporates the developer's globally patented Outdoor-Cooled Sunken Balcony — a sunken outdoor space that circulates cooled air to maintain comfortable conditions during peak summer, allowing residents to use balconies year-round without relying on air conditioning overflow. The facade combines modern design with generous glazing, and unit interiors are finished with contemporary kitchens, spacious layouts and access to outdoor cooling technology.
About the Properties
Studios from 423 sq ft are efficiently planned for single professionals and yield-focused investors targeting the short-stay and corporate rental market. One-bedroom apartments add separated living areas suitable for couples and individuals seeking dedicated workspace. Two-bedroom units serve small families and professionals requiring home-office setup. Three-bedroom apartments from 1,490 sq ft function as genuine family homes. Every unit features the Outdoor-Cooled Sunken Balcony, smart layout design with high ceilings, modern kitchens and contemporary bathroom finishes. Size variations within each type reflect floor level, orientation and balcony depth rather than internal configuration changes."
Location
- IMG Worlds of Adventure- 5km
- Al Barari- 5km
- Global Village- 10km
- Dubai Outlet Mall- 10km
- Dubai Academic City- 10km
- Dubai Silicon Oasis- 10km
- Trump International Golf Club- 15km
- Dubai Safari Park- 15km
- Dubai International Airport (DXB)- 20km
- Burj Khalifa / Downtown Dubai- 22km
Economic Appeal
Reef 995 presents a straightforward entry-price-and-yield case. At AED 740,000, it sits among the lowest-priced freehold apartments launching in DLRC in 2026, in a community that has historically delivered 6.5-7.5% gross yields. The 70/30 payment structure keeps capital exposure to 70% before handover, compared to the 50/50 or 60/40 structures more common in the market. The patented Outdoor-Cooled Sunken Balcony is the single differentiating amenity across DLRC's competing projects, potentially supporting rental premium over standard balcony apartments. However, at 0% construction (pending), the project carries completion risk and relies on escrow protection and the developer's delivery track record. Buyers should verify RERA registration, confirm the contractor appointment and validate escrow documentation before committing.
About the Develoepr
Reef Luxury Development (also trading as Reef Developments) is a Dubai-based developer with over 10 years of real estate development experience. The company has collaborated with prominent developers and successfully completed numerous high-profile projects, demonstrating expertise and commitment to excellence in the industry. Reef is known for its globally patented Outdoor-Cooled Sunken Balcony technology, an innovation allowing outdoor living experiences during Dubai's peak summer months. The company is motivated by a commitment to creating a legacy of pioneering luxury living in Dubai through innovation, value and ambition.
