New homes in Reef 1000 start at AED 1,360,000; keys are due Dec 2026; you pay 20% to book, 40% while it is built and 40% at the keys.
Keys
Dec 2026
The developer's handover date
Payment plan
20 / 40 / 40
20% to book, 40% while it is built, 40% at the keys
Bedrooms
Studio to 2 beds
Sizes
437 to 1,653 sq ft
Ownership
Freehold
Property types
Apartment and Townhouse
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 3,112 per sq ft
At the smallest size listed
RERA project
3219
Check it in Dubai REST, the Dubai Land Department's official app.
Built
10%
Being built. DLD register, Jun 12, 2026
Completion on the register
Dec 2026
DLD shows only the current date, so we can't tell whether it has moved before.
Escrow account
بنك أبوظبي الأول ش.م.ع.
The bank that holds your payments
Registered homes
126
In 1 buildings
Paying for it
You pay 20% when you book, 40% as the building goes up, and 40% when you get the keys.
AED
When
Stage
Share
Amount
When you book
Booking
20%
AED 272,000
As it is built
While it is built
40%
AED 544,000
At the keys (Dec 2026)
Keys
40%
AED 544,000
Booking payment, 20%
AED 272,000
Dubai Land Department fee (Oqood), 4%
AED 54,400
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 326,400
The handover date (Dec 2026) is too close or already past to estimate the dates. Ask us for the developer's current schedule.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Buildings in this area paid a median of AED 13 per sq ft a year in 2023, from 8 buildings on the Dubai Land Department register. For the smallest home (437 sq ft) that is about AED 6,000 a year.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 43 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in REEF 1000, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Fewer than 30 similar homes in REEF 1000 sold in 12 months, so we looked at 24 months.
Dubai Land Department recorded 43 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in REEF 1000, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 1,445 per sq ft
AED 1,205 to AED 1,246 per sq ft
5 sales
AED 1,246 to AED 1,286 per sq ft
1 sale
AED 1,286 to AED 1,326 per sq ft
0 sales
AED 1,326 to AED 1,367 per sq ft
1 sale
AED 1,367 to AED 1,407 per sq ft
6 sales
AED 1,407 to AED 1,448 per sq ft
14 sales
AED 1,448 to AED 1,488 per sq ft
1 sale
AED 1,488 to AED 1,528 per sq ft
15 sales
AED 1,205 per sq ftAED 1,528 per sq ft
This project AED 3,112 per sq ft, above every sale
Half of the sales sold for AED 1,403 to AED 1,507 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 1,205 to AED 1,246 per sq ft
5
AED 1,246 to AED 1,286 per sq ft
1
AED 1,286 to AED 1,326 per sq ft
0
AED 1,326 to AED 1,367 per sq ft
1
AED 1,367 to AED 1,407 per sq ft
6
AED 1,407 to AED 1,448 per sq ft
14
AED 1,448 to AED 1,488 per sq ft
1
AED 1,488 to AED 1,528 per sq ft
15
The 3 closest sales
Picked from the 43 similar sales above, closest in size to this project's smallest home.
Mar 2025AED 620,620AED 1,437 per sq ftREEF 1000, 432 sq ft
Jan 2025AED 602,001AED 1,394 per sq ftREEF 1000, 432 sq ft
Dec 2024AED 620,620AED 1,437 per sq ftREEF 1000, 432 sq ft
Sale prices from Dubai Land Department, Oct 20, 2024 to Oct 19, 2026. Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Dubai Land Residence Complex in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
Studio apartmentFrom AED 1,360,000 here
Off-plan medianAED 700,000AED 1,629 per sq ft
Sales3,041
Check the from price
1-bed apartment
Off-plan medianAED 1,099,000AED 1,376 per sq ft
Sales2,718
2-bed apartment
Off-plan medianAED 1,578,000AED 1,269 per sq ft
Sales1,102
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from price
2.9%
Typical for similar ready homes
9.4%
Median rent of studio apartments in Dubai Land Residence Complex
AED 40,000 a year
Rent contracts counted
983
Rented between
Apr 1, 2025 and Mar 31, 2026
Studio apartment
AED 40,000 a year
1-bed apartment
AED 56,000 a year
2-bed apartment
AED 74,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 40,000 ÷ AED 1,360,000 = 2.9%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Gems First Point School (The Villa)550 m, 9 min walkSchool
GEMS Wellington Academy3.6 km, 9 min driveBritish school
Indian International School3.4 km, 8 min driveIndian school
Reef 1000 is a Reef Luxury Developments project in Dubai Land Residence Complex with studio to two-bedroom apartments and two-bedroom townhouses from AED 1,360,000, and a listed handover of December 2026. That date is next month, so ask whether the completion certificate has been issued before you pay.
The listed handover is December 2026, one month from now. Ask the developer whether the completion certificate has been issued and when handover is now expected.
The plan is 20% on booking, 40% during construction and 40% at handover. At the from price that is AED 272,000, AED 544,000 and AED 544,000. With handover listed for next month, ask when the 40% construction payments fall due. Separately, the 4% DLD fee comes to AED 54,400; ask when it is due.
The listing gives 437 to 1,653 sq ft overall, but the developer also lists two-bedroom townhouses of 1,814 sq ft, above that range, so check the floor plans. Ceilings are 3.15 m high and kitchens have German appliances. The developer counts more than 30 amenities on the podium and roof, among them climate-controlled sunken gardens, a gym, a shared pool, a children's pool and play area, and covered parking.
GEMS First Point School (The Villa) is about 530 m away, around 3 minutes by car by our estimate, and an Aster medical centre about 680 m. GEMS Wellington Academy is about 3.6 km away, around 9 minutes by car. Creek Metro Station is about 15.3 km away, around 19 minutes by car.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
Studio
1 BR
2 BR
2 BR Townhouse
Studio
How prices moved
Median price of studio apartments in Dubai Land Residence Complex, over the 12 months to each dateUp 17% from Dec 2024 to Sep 2026.
Dec 2024AED 1,389 per sq ft
Sep 2026AED 1,629 per sq ft
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12 months to
Median price
Sales
Sep 2026
AED 1,629 per sq ft
3,041 sales
Jun 2026
AED 1,634 per sq ft
3,565 sales
Mar 2026
AED 1,617 per sq ft
3,650 sales
Dec 2025
AED 1,589 per sq ft
3,515 sales
Sep 2025
AED 1,546 per sq ft
3,109 sales
Jun 2025
AED 1,492 per sq ft
2,778 sales
Mar 2025
AED 1,435 per sq ft
2,326 sales
Dec 2024
AED 1,389 per sq ft
1,550 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
Can foreigners buy here?
Yes. The listing gives the ownership as freehold, so foreign buyers can own outright.
When is handover?
The listed handover is December 2026, next month. Ask for the completion certificate and a confirmed date before you pay.
What does each payment come to?
At the from price: AED 272,000 on booking, AED 544,000 during construction and AED 544,000 at handover. Separately, the 4% DLD fee comes to AED 54,400; ask when it is due.
Which home sizes can I choose from?
The developer lists studios from about 436 sq ft, one-bedroom apartments from 752 sq ft, two-bedroom townhouses of 1,814 sq ft and two-bedroom apartments of up to 1,635 sq ft. The townhouse size is above the listed range, so check the floor plans.
Is there a school close by?
GEMS First Point School (The Villa) is about 530 m away.
