# Reef 998

Reef 998 is a project by Reef Luxury Development L.L.C, recorded at 2% complete at its last Dubai Land Department inspection. 200 sales registered in the trailing 12 months at a median AED 1.07M (1 557 AED per square foot). Registry facts come from DLD; prices are registered transactions, not asking prices.

## Registry record

| Field | Value | Provenance |
|---|---|---|
| Developer | Reef Luxury Development L.L.C | DLD verified |
| Status | Active | DLD verified |
| Construction progress | 2% | DLD verified |
| Registered with DLD | 28 May 2025 | DLD verified |
| Construction started | 1 Jun 2025 | DLD verified |
| Declared completion | 30 Jun 2028 | DLD verified |
| Units in the project | 339 | DLD verified |
| Project area | 21 990 sqm | DLD verified |
| Escrow agent | Abu Dhabi Islamic Bank | DLD verified |
| Project number | 3651 | DLD verified |

Reef 998 is a project by Reef Luxury Development L.L.C, recorded at 2% complete at its last Dubai Land Department inspection. 200 sales registered in the trailing 12 months at a median AED 1.07M (1 557 AED per square foot). Registry facts come from DLD; prices are registered transactions, not asking prices.

| Measure | Value | Year on year |
|---|---|---|
| Median sale price | AED 1.07M | +12.5% |
| Interquartile range | AED 796k – AED 1.38M | |
| Median price per sqft | 1 557 AED | -2.9% |
| Registered sales, 12 months | 200 | +143.9% |
| Off-plan share | 100.0% | |

## By number of bedrooms

| Homes | Sales | Median price | Median AED/sqft | Median size | Median rent | Gross yield |
|---|---|---|---|---|---|---|
| Studios | 57 | AED 759k | 1 714 | 411 sqft | — | — |
| 1-bedroom apartments | 82 | AED 1.07M | 1 546 | 671 sqft | — | — |
| 2-bedroom apartments | 46 | AED 1.43M | 1 417 | 1 004 sqft | — | — |
| 3-bedroom apartments | 13 | AED 1.88M | 1 346 | 1 397 sqft | — | — |

## Price per square foot by month

| Month | Sales | Median AED/sqft | IQR |
|---|---|---|---|
| Jul 2026 | 26 | 1 583 | 1 483 – 1 709 |
| Jun 2026 | 7 | 1 385 | 1 378 – 1 448 |
| May 2026 | 9 | 1 528 | 1 399 – 1 594 |
| Apr 2026 | 13 | 1 597 | 1 412 – 1 644 |
| Mar 2026 | 14 | 1 503 | 1 429 – 1 652 |
| Feb 2026 | 26 | 1 522 | 1 493 – 1 684 |
| Jan 2026 | 26 | 1 538 | 1 513 – 1 698 |
| Dec 2025 | 21 | 1 489 | 1 433 – 1 649 |
| Nov 2025 | 26 | 1 581 | 1 437 – 1 685 |
| Oct 2025 | 26 | 1 657 | 1 463 – 1 699 |
| Sep 2025 | 31 | 1 648 | 1 467 – 1 699 |
| Aug 2025 | 28 | 1 603 | 1 471 – 1 699 |
| Jul 2025 | 18 | 1 565 | 1 463 – 1 691 |

## What these numbers do not show

- Prices from the developer. Nothing here is a price list, a payment plan or availability — these are transactions already registered with DLD.
- Whether construction is moving. The completion percentage is the figure recorded at the last technical inspection, and inspections are irregular: an unchanged number does not mean work stopped.
- A handover promise. The declared completion date is a registry field, not a commitment.
- Asking prices. Everything here is a registered transaction; what a home was listed at is a different number.
- Off-market and cash-equivalent deals that never reach the registry, and the price actually negotiated before registration.
- Service charges, chiller fees, agency commission, DLD transfer fees or mortgage costs — none of them are inside these prices.

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**Source:** Dubai Land Department open data, compiled by Continental Club Property  
**Data through:** 29 Oct 2026  
**Methodology:** https://datadubai.ae/methodology/ (v1.0)  
**License:** Reuse permitted with attribution  
**Canonical:** https://datadubai.ae/projects/reef-998/  
**Suggested citation:** Continental Club Property, "Reef 998", Dubai Data, data through 29 Oct 2026, https://datadubai.ae/projects/reef-998/  
**Disclaimer:** Registered transactions, not asking prices. Not investment advice, not a valuation. Not affiliated with or endorsed by the Dubai Land Department.