REEF Luxury Developments Launches REEF 998 in Dubai Land Residence Complex

Following the successful launches of REEF 1000 and REEF 999, REEF Luxury Developments has unveiled its latest project—REEF 998, an architecturally advanced residential community within the Dubai Land Residence Complex (DLRC). With an investment of $122.5 million (AED 450 million), REEF 998 spans a vast 355,663 square feet and sets a new standard in contemporary living and architectural innovation. The handover is scheduled for the second quarter of 2028.

A New Benchmark in Innovative Residential Living

REEF 998 comprises 323 thoughtfully designed residences ranging from stylish studios to spacious three-bedroom apartments. Each unit features REEF’s patented outdoor cooling technology and innovative Sunken Balconies, a region-first concept that enables residents to enjoy year-round outdoor comfort despite Dubai’s climate.

Samer Ambar, CEO of REEF Luxury Developments, highlighted the project’s unique value proposition: “These elegant homes in DLRC are long-term investment assets that answer a clear market need. In Dubai’s thriving property market, REEF 998’s livable innovation and design resilience really sets it apart. From energy-efficient systems and smart technology to exclusive outdoor spaces with integrated cooling, we’re delivering a product that meets both lifestyle aspirations and investor expectations.”

Premium Quality and Community-Centric Design

Residences at REEF 998 range in size from 477 to 1,397 square feet and come fully equipped with premium Bosch appliances and Grohe fittings, ensuring a luxurious and convenient living experience. The development also boasts resort-style amenities and smart home technology, all built within a masterplan designed to foster community connection and abundant green spaces.

Strategically situated on Hamdan Bin Zayed Road, REEF 998 benefits from a dual frontage layout—one side faces the vibrant main road, while the opposite side overlooks a serene community park, providing residents with uninterrupted green views.

Sustainability and Smart Innovation at Its Core

REEF 998 places sustainability at the heart of its design. The project employs a recyclable steel structural system, boosting energy efficiency and ensuring long-term durability. Additionally, the patented sunken balconies with outdoor cooling technology contribute to sustainable value while enhancing outdoor living comfort for residents.

Attractive Pricing and Flexible Payment Plans

Prices for units in REEF 998 start at $207,000 (AED 759,441), with flexible payment plans offered over three or five and a half years, including post-handover options. This flexibility makes REEF 998 one of the most attractive new offerings in Dubai’s competitive real estate market.

Strategic Location and Growth Potential

REEF 998’s location in Dubailand aligns with Dubai’s 2040 Urban Master Plan and benefits from anticipated metro connectivity, enhancing its long-term growth potential. The Dubai Land Residence Complex continues to grow as a highly sought-after community, and REEF 998 is poised to become a standout investment and lifestyle opportunity.

With Dubai’s real estate market recording transactions worth AED 143 billion ($38.9 billion) in Q1 2025 alone, REEF 998 arrives at a time of robust momentum, delivering a unique blend of luxury, innovation, and sustainable value to investors and homeowners alike.