REEF Luxury Developments, a trailblazer in innovative real estate solutions, has officially launched its latest project, REEF 998, in the heart of Dubai Land’s Dubai Land Residence Complex (DLRC). Valued at AED 450 million ($122.5 million), this groundbreaking development is set to redefine luxury living with its cutting-edge design, advanced technology, and resort-style amenities.
Project Overview
Spanning an impressive 355,663 square feet, REEF 998 will feature 323 premium residences, offering a range of options from stylish studios to spacious three-bedroom apartments. The units vary in size from 477 square feet to 1,397 square feet, catering to diverse lifestyles and preferences. With starting prices at AED 759,441 (approximately $206,700), the project presents an attractive opportunity for both residents and investors in one of Dubai’s most promising areas.
| Detail | Information |
| Project Name | REEF 998 |
| Location | Dubai Land Residence Complex (DLRC), along Hamdan Bin Zayed Road, Dubai |
| Developer | REEF Luxury Developments |
| Total Cost | AED 450 million ($122.5 million) |
| Area | 355,663 square feet |
| Handover Date | Q2 2028 |
| Total Residential Units | 323 |
| Unit Types | Studios, 1BR, 2BR, 3BR |
| Apartment Sizes | 477 sq ft to 1,397 sq ft |
| Starting Price | AED 759,441 (approx. $206,700) |
| Payment Plans | 3-year and 5.5-year post-handover |
Innovative Features and Amenities
One of the project’s standout features is its patented outdoor cooling technology, which allows residents to enjoy their balconies year-round, even during the UAE’s hottest months. This innovative system, combined with the project’s eco-conscious design, including a recyclable steel structural system, underscores REEF Luxury Developments’ commitment to sustainability and luxury.
REEF 998 is designed to offer a resort-like living experience with an extensive array of amenities, including:
- Infinity pool and kids’ pool
- Jogging track and techno gym
- Cinema area and zip line
- BBQ area, yoga zone, and co-working space
- Crossfit and boxing areas, wall climbing, and floating lounge
- Sunken seating, wet decking, and hammock forest area
- Aqua bikes, seating with fire pit, trampoline, swing, and cornhole
- Walkway, cricket area, single padel court, squash court, skate park, shooting court, and bench
These amenities are crafted to provide residents with a comprehensive and luxurious lifestyle within the comfort of their community.
Strategic Location
Strategically located in DLRC, REEF 998 benefits from the area’s rapid development and future metro connectivity, aligning with Dubai’s 2040 Urban Master Plan. Its proximity to major attractions like IMG Worlds of Adventure and Global Village, as well as easy access to key roads such as Sheikh Mohammed Bin Zayed Road, makes it an ideal choice for both residents and investors. The development is just 30 minutes from Dubai Marina, 20 minutes from Burj Khalifa, 10 minutes from Global Village, and 25 minutes from Dubai Airport, ensuring excellent connectivity.
| Connectivity | Travel Time |
| Dubai Marina | 30 minutes |
| Burj Khalifa | 20 minutes |
| Global Village | 10 minutes |
| Dubai Airport | 25 minutes |
Investment Potential
The project’s location in a rapidly growing area, combined with Dubai’s thriving real estate market, positions REEF 998 as a promising investment. The Dubai real estate market recorded AED 143 billion in transactions in the first quarter of 2025 alone, highlighting the strong demand for properties in the region. REEF 998 offers strong rental return potential, with an estimated ROI of 8-10% for one-bedroom apartments. Additionally, the flexibility to resell properties after 30% of the unit price is paid allows investors to benefit from capital appreciation even during the construction phase.
