New homes in Reef 995 start at AED 740,000; keys are due Sep 2028; you pay 20% to book, 40% while it is built and 40% at the keys.
In the 12 months to Oct 19, 2026, Dubai Land Department recorded 1,814 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in Dubai Land Residence Complex. Their median price is AED 1,582 per sq ft (about AED 669,000 at 423 sq ft). This project's from price is AED 1,749 per sq ft (AED 740,000 for its smallest home, 423 sq ft), 11% more.
Keys
Sep 2028
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 3 beds
Sizes
423 to 1,095 sq ft
Ownership
Freehold
Property types
Apartment
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 1,749 per sq ft
Similar off-plan homes: AED 1,582 per sq ft
We couldn't match this project to the Dubai Land Department project register yet. Ask us for its RERA project number.
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
Now
Booking
20%
AED 148,000
Feb 2027
While it is built
5.7%
AED 42,286
May 2027
While it is built
5.7%
AED 42,286
Jul 2027
While it is built
5.7%
AED 42,286
Oct 2027
While it is built
5.7%
AED 42,286
Jan 2028
While it is built
5.7%
AED 42,286
Apr 2028
While it is built
5.7%
AED 42,286
Jun 2028
While it is built
5.7%
AED 42,286
Sep 2028
Keys
40%
AED 296,000
Booking payment, 20%
AED 148,000
Dubai Land Department fee (Oqood), 4%
AED 29,600
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 177,600
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
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.
Every off-plan project in Dubai must have an escrow account at a bank, watched by RERA. Pay into that account, never to a person. Ask for the account number.
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 (423 sq ft) that is about AED 5,000 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 1,814 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in Dubai Land Residence Complex, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
We compare with off-plan sales across Dubai Land Residence Complex, as this project isn't on the Dubai Land Department register yet or has too few sales.
Dubai Land Department recorded 1,814 off-plan sales of studio apartments of 414 sq ft to 621 sq ft in Dubai Land Residence Complex, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 1,582 per sq ft
AED 885 to AED 1,028 per sq ft
26 sales
AED 1,028 to AED 1,171 per sq ft
34 sales
AED 1,171 to AED 1,314 per sq ft
155 sales
AED 1,314 to AED 1,458 per sq ft
262 sales
AED 1,458 to AED 1,601 per sq ft
496 sales
AED 1,601 to AED 1,744 per sq ft
494 sales
AED 1,744 to AED 1,887 per sq ft
299 sales
This project's from price is in this band.
AED 1,887 to AED 2,030 per sq ft
48 sales
AED 885 per sq ftAED 2,030 per sq ft
This project AED 1,749 per sq ft
Half of the sales sold for AED 1,449 to AED 1,707 per sq ft
The median is the middle sale: half sold for less, half for more.
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Price per sq ft
Sales
AED 885 to AED 1,028 per sq ft
26
AED 1,028 to AED 1,171 per sq ft
34
AED 1,171 to AED 1,314 per sq ft
155
AED 1,314 to AED 1,458 per sq ft
262
AED 1,458 to AED 1,601 per sq ft
496
AED 1,601 to AED 1,744 per sq ft
494
AED 1,744 to AED 1,887 per sq ft
299
AED 1,887 to AED 2,030 per sq ft
48
The 3 closest sales
Picked from the 1,814 similar sales above, closest in size to this project's smallest home.
May 2026AED 858,569AED 2,030 per sq ftLe Blanc Residence by Imtiaz, 423 sq ft
May 2026AED 775,107AED 1,833 per sq ftLe Blanc Residence by Imtiaz, 423 sq ft
May 2026AED 721,628AED 1,706 per sq ftLe Blanc Residence by Imtiaz, 423 sq ft
Sale prices from Dubai Land Department, Oct 20, 2025 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 740,000 here
Off-plan medianAED 700,000AED 1,629 per sq ft
Sales3,041
11% above 1,814 similar sales
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
3-bed apartment
Off-plan medianAED 2,218,000AED 1,343 per sq ft
Sales288
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
5.4%
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
3-bed apartment
AED 110,000 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 740,000 = 5.4%. 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)800 m, 13 min walkSchool
GEMS Wellington Academy2.8 km, 10 min driveBritish school
Indian International School2.7 km, 10 min driveIndian school
Reef 995 is a Reef Luxury Developments apartment project in Dubai Land Residence Complex, with studios to 3-bedroom homes from AED 740,000 and a listed handover in September 2028. Its from price per square foot is 11% above 1,814 similar studio sales in the area over the 12 months to October 2026.
Start with the price. The Dubai Land Department registered 1,814 studio off-plan sales in Dubai Land Residence Complex in the 12 months to October 2026. Reef 995's from price per square foot is 11% above their median. Those sales cover the whole area.
The listed plan is 20% on booking, 40% during construction and 40% on handover. At the from price that is AED 148,000, then AED 296,000 during the build and AED 296,000 at handover. The 4% Land Department fee adds AED 29,600. The developer's description quotes a different four-part plan, so confirm the schedule in writing before you pay.
The listed sizes run from 423 sq ft for a studio to 1,095 sq ft for three bedrooms, with one-bedroom homes of 585 sq ft and two-bedroom homes of 940 sq ft. The developer lists an infinity pool, a gym, jogging paths, wellness areas and landscaped French courtyards. The listed handover is about 22 months away.
Aster Medical Centre is about 420 m away, around a 7-minute walk. Gems First Point School (The Villa) is about 820 m away and GEMS Wellington Academy about 2.8 km, a 10-minute drive. Creek Metro Station is about 20 minutes by car, Business Bay about 22 minutes and Jumeirah Beach about 31 minutes.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
1 BR
2 BR
3 BR
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
How does the price compare with recent sales nearby?
The from price per square foot is 11% above the median of 1,814 studio off-plan sales in Dubai Land Residence Complex over the 12 months to October 2026.
How much do I pay at each stage?
At the from price: AED 148,000 on booking (20%), AED 296,000 during construction (40%) and AED 296,000 on handover (40%). Separately, the 4% Land Department fee comes to AED 29,600; ask when it is due.
How big are the apartments?
From 423 sq ft for a studio to 1,095 sq ft for three bedrooms.
When is handover?
The listed date is September 2028, about 22 months from now. Ask the developer for a construction update.
Can foreigners buy here?
Yes. The project is freehold, so foreign buyers can own outright.
Is there a school or clinic close by?
Aster Medical Centre is about 420 m away and Gems First Point School (The Villa) about 820 m.
