REEF 995
REEF 995 Offered by Buy Dubai Off-Plan
REEF 995

REEF 995

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

Starting price
AED 750,000
Payment plan
70/30
Handover
Q3 2028

โ‰ˆ โ‚ฌ 180,000

Project details

Starting price AED 750,000 โ‰ˆ โ‚ฌ 180,000 What will my monthly payments be?
Payment plan 70/30 70% during construction, 30% at handover
Handover Q3 2028 Under construction
Bedrooms Studio13
Property type
Apartment
Floor area
40 to 139 mยฒ
Developer
Reef Developments
Project brochure
Free, with no obligation

The REEF 995 brochure

Download the brochure for Reef 995 from Reef Developments in Dubai Land Residence Complex free of charge with all information about this project.

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

About REEF 995

  • Studios, 1- and 3-bedroom apartments available in this project
  • Located in Dubai Land Residence Complex with excellent connections to popular destinations
  • Paris-inspired architecture with refrigerated sunken balconies for comfortable outdoor living
  • Infinity pool, gym, zen garden, cinema and playground for all ages
  • Handover planned in Q3 2028 with a payment plan of 70/30

Summary of REEF 995

REEF 995 is a new residential project by Reef Developments in Dubai Land Residence Complex. It offers studios and 1 to 3 bedroom apartments, designed with a Paris inspired style. Handover is scheduled for the third quarter of 2028. The starting price is AED 750,000. The project comprises 17 residential floors above ground, three podium levels and two basement floors for parking. The apartments vary in size from 40 to 139 m2. REEF 995 combines modern architecture with cooled sunken balconies that make outdoor life possible all year round. The developer Reef Developments is known for qualitative projects in Dubai. The design is inspired by Parisian elegance, with landscaped gardens and communal amenities.

Dubai Land Residence Complex is a growing residential area with a central location. REEF 995 is approximately 10 minutes from Dubai Outlet Mall and Global Village, and approximately 20 minutes from Burj Khalifa and Dubai International Airport. The project has a range of amenities including an infinity pool, gym, zen garden, cinema and playground. The refrigerated sunken balconies are a distinctive feature that offers comfort throughout the year. With a flexible payment plan of 70/30 and a down payment of 20%, the project is accessible to buyers. The combination of French elegance and modern technology makes REEF 995 an interesting option in Dubai.

The unit mix at REEF 995

REEF 995 offers a selection of studios and apartments with 1 and 3 bedrooms. The surfaces range from 39 to 138 m2, so that there is an appropriate option for each living wish. The layouts are designed with attention to functionality and comfort. Each home has a refrigerated sunken balcony, allowing the indoor and outdoor space to flow seamlessly into each other. The finish is modern and high quality, with materials that match the Paris inspired style of the project. Large windows provide plenty of natural light and a spacious feeling. The kitchens and bathrooms are equipped with modern appliances and good high-quality sanitaryware.

The refrigerated sunken balconies are a unique feature of REEF 995. Thanks to integrated cooling technology, these balconies are comfortable to use all year round, even during the hot summer months in Dubai. The balconies offer privacy and luxury, and act as an extension of the living room. The layout of the apartments is efficient, with smart solutions for storage space. Some properties have an extra room (maidโ€™s room) for extra flexibility. The finish is of high quality, with attention to detail and durable materials. Each home is designed so that maintenance is easy and the living comfort remains high.

The building and developer Reef Developments

The building of REEF 995 consists of 17 residential floors above the ground floor, a ground floor and three podium levels. Two basement floors offer parking spaces and support spaces. The architecture is inspired by classic Parisian elegance, with stylish courtyards and lush landscaped gardens. The refrigerated sunken balconies are an innovative architectural element that enables outdoor life throughout the year. The design combines functionality with aesthetics, with warm materials and smooth lines. The common spaces are carefully designed to create a sense of community and tranquility. Residents can enjoy various amenities in the building, such as a swimming pool, gym and lounges.

Reef Developments is the developer behind REEF 995. The company is known for quality housing projects in Dubai, with attention to design and sustainability. REEF 995 is an example of their vision of modern living, where comfort and aesthetics come together. The developer has carefully chosen materials and technologies that contribute to a high-quality living environment. With this project, Reef Developments focuses on buyers who are looking for a combination of style, functionality and a good location. The experience of Reef Developments in the local market ensures a reliable and transparent handling of the project.

Dubai Land Residence Complex (DLRC) as a place to live

Dubai Land Residence Complex (DLRC) is a fast growing residential area in Dubai. The area offers a mix of residential and commercial facilities, with a central location relative to important destinations. REEF 995 benefits from the excellent accessibility via main roads, allowing residents to travel through the city easily. The district is known for its family friendly environment and green spaces. In the immediate vicinity you will find supermarkets, cafes and restaurants, which makes daily life comfortable. The complex is also close to various attractions and entertainment options, such as Dubai Outlet Mall and Global Village. The location makes it an attractive place for both private residence and investment.

From REEF 995 several popular destinations can be reached quickly. IMG World of Adventure is about a 5-minute drive away, while Dubai Outlet Mall and Global Village are approximately 10 minutes away. Dubai Safari Park is about 15 minutes away. Burj Khalifa, Dubai Mall and Dubai International Airport can all be reached in about 20 minutes. Expo City is about 25 minutesโ€™ drive away. This central location provides a good connection to both business and leisure hotspots in Dubai. So you combine the comfort of a quiet residential area with the proximity of everything Dubai has to offer.

How the payment plan works at REEF 995

The payment plan for REEF 995 is 70/30. This means that you pay 70% of the purchase price during the construction phase, and the remaining 30% at handover. The deposit is set at 20% of the purchase price. The remaining amount of 50% will be paid in instalments during construction, according to a schedule established by the developer. This plan allows buyers to spread the costs and pay the last part only at handover. Handover is scheduled for the third quarter of 2028. This gives extra financial flexibility.

When purchasing a property in REEF 995, you will be guided by a registered real estate agent with a RERA licence. This real estate agent is registered with the Dubai Land Department and has extensive knowledge of the local market. You donโ€™t have to contact the developer; the real estate agent regulates the process from start to finish. From the reservation of the property to the handling of the documentation, you will be helped step by step. This ensures a smooth and transparent purchasing process. The real estate agent can also advise on the best payment options and possible financing options.

Amenities

Payment plan for REEF 995

70%30%
70%
During construction, in instalments
AED 525,000
โ‰ˆ โ‚ฌ 126,000
30%
After handover
AED 225,000
โ‰ˆ โ‚ฌ 54,000

Handover of REEF 995

9 quarters until the planned handover, about 2.3 years.

Q3 2026
Now
Q3 2028
Planned handover

The handover date is an indication given by the developer and can change. Each block is one quarter. The dark blocks count the quarters this project has been listed on our site; they do not mean that construction has started or how far along it is. Check the date in the sale agreement.

Monthly payments and your own funds

How much do you need for REEF 995, 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 1,139

โ‰ˆ โ‚ฌ 270 per month

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

Your funds during constructionin instalments according to the payment plan
AED 525,000โ‰ˆ โ‚ฌ 126,000
Your funds at handover
AED 0โ‰ˆ โ‚ฌ 0
Mortgage at handover
AED 225,000โ‰ˆ โ‚ฌ 54,000
Purchase costs4% DLD fee and mortgage costs
AED 33,683โ‰ˆ โ‚ฌ 8,100
Total funds required
AED 558,683โ‰ˆ โ‚ฌ 134,100
Request finance guidance for REEF 995
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

Photos of REEF 995

Location

Dubai Land Residence Complex (DLRC), Dubai Burj Khalifa: about 20 minutes by car ยท Dubai International Airport: about 20 minutes by car
Open in Google Maps

Travel times from REEF 995

  • Burj Khalifa: about 20 minutes by car
  • Dubai International Airport: about 20 minutes by car
  • Dubai Mall: about 20 minutes by car
  • Dubai Outlet Mall: about 10 minutes by car
  • Dubai Safari Park: about 15 minutes by car
  • Expo City: about 25 minutes by car
  • Global Village: about 10 minutes by car
  • IMG World of Adventure: about 5 minutes by car

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.