Reef 998, Dubai Land Residence Complex
Reef 998 is an apartment project by Reef Luxury Development, located in Dubai Land Residence Complex (DLRC). The development offers studios, one-, two-, and three-bedroom apartments. Construction began in June 2025, with completion scheduled for June 2028.
Dubai Land Residence Complex and What It Means in Practice
DLRC sits in Dubai's southeastern quadrant, near Academic City and Dubai Silicon Oasis. Emirates Road (E611) runs through the area, connecting residents to the Airport Freeway and Al Ain Road. Downtown Dubai is roughly a 30-minute drive; Dubai International Airport is around 20 minutes away.
This is a planned residential zone rather than a lifestyle district. Retail, dining, and public transit options within walking distance are limited. Residents trade walkability for space: apartments here offer more floor area per dirham than in more centrally located communities.
The rental demand for this area draws from Academic City and Silicon Oasis, both major employment hubs within a short drive. For investors, those two concentrations of employees and students are the primary source of tenant interest. For owner-occupiers, the area suits people who prioritize space and quiet over city-centre proximity.
What AED 759K to AED 1.88M Covers
The range is wide because it spans four unit types, each with its own starting price.
| Unit | Starting Price | Area | Per Sq Ft |
|---|---|---|---|
| Studio | AED 759,441 | 412 sq ft | ~AED 1,844 |
| 1-Bedroom | AED 962,910 | 623 sq ft | ~AED 1,546 |
| 2-Bedroom | AED 1,435,498 | 1,002 sq ft | ~AED 1,433 |
| 3-Bedroom | AED 1,879,636 | 1,397 sq ft | ~AED 1,345 |
The per-square-foot rate decreases as the unit size grows. Buyers looking for the most affordable entry point will look at the studio. Those focused on value per square foot will find the three-bedroom the most efficient option.
The studio at AED 759,441 suits first-time buyers or small-ticket investors. The three-bedroom at AED 1,879,636 is for larger families or buyers whose priority is square footage.
What Six Amenities Look Like at This Price
| Category | Facilities |
|---|---|
| Recreation | Indoor Swimming Pool, Gymnasium |
| Outdoor | Landscaped Gardens, Children's Play Area |
| Dining | Restaurants |
| Security | CCTV Security |
The indoor pool is the standout item here. Dubai's summer heat makes outdoor pools impractical for large parts of the year; an indoor facility extends usability across all seasons. The gym and landscaped gardens are functional additions. On-site restaurants are a practical convenience in a car-dependent area where nearby dining options require a drive. The children's play area, combined with the range of apartment sizes up to three bedrooms, signals that the developer expects a mix of family residents and investors.
Two Years to Handover: June 2028
Construction started on June 2, 2025. The expected completion is June 30, 2028, around two years from now. For buyers entering today, this is a mid-construction off-plan purchase. The project has already broken ground, which reduces the execution uncertainty that comes with buying at pre-launch stage.
Getting In at 20%, with 30% Held Until After Handover
| Stage | Percentage |
|---|---|
| Down payment | 20% |
| During construction | 50% |
| Post-handover | 30% |
The 20% down payment starts the purchase. The 50% paid during construction is spread across build milestones between now and June 2028. The final 30% is not due at handover but after it.
This structure matters in practice. Investors can start generating rental income before deploying the last 30% of their capital. Owner-occupiers managing a mortgage or financial transition have a longer runway before full payment is required. The post-handover portion is the meaningful differentiator relative to plans that require full settlement at the handover date.