Reef 996

REEF Luxury Developments · studio · Dubai Production City, Dubai

Reef 996 is a residential project by REEF Luxury Developments in Dubai Production City, Dubai, offering studio layouts. Prices start from AED 713,280. This is an off-plan purchase with expected completion in December 2028 on a 10% down payment, 10% after one month, 29% in staged monthly pre-handover instalments, 2% at completion, 49 monthly 1% post-handover instalments payment plan. The indicative gross yield band for this area and unit mix is 7% – 9%: below you will find the project data, investment fit, risks and frequently asked questions reviewed by an independent advisor.

Reef 996 is an off-plan residential development featuring signature outdoor cooled sunken balconies in every apartment, located in Dubai Production City and slated for completion by Q3 2028.

Key facts

Developer: REEF Luxury Developments
Area: Dubai Production City, Dubai
Property type: studio
Starting price: AED 713,280
Payment plan: 10% down payment, 10% after one month, 29% in staged monthly pre-handover instalments, 2% at completion, 49 monthly 1% post-handover instalments
Expected completion: December 2028
Construction status: Now selling
Indicative gross yield: 7% – 9%

Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.

Who this project fits

Reef 996 typically fits first-time Dubai investors who want a contained ticket and predictable rental income, across studio layouts in Dubai Production City, Dubai. Because it is off-plan, capital stays committed until handover and income starts afterwards. The indicative gross yield band for this area and unit mix is 7% – 9%.

Risks to weigh

As with any off-plan purchase, there is handover-delay risk and developer risk: check escrow, permits and delivery track record. The payment plan lowers the upfront outlay but commits future cash: stress-test it against your real cash flow. Incoming supply in Dubai Production City, Dubai can compress rents and prices in the short term; service charges, currency and financing costs all affect net yield. Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.

Frequently asked questions about this project

How much does a unit at Reef 996 cost?

Prices at Reef 996 start from AED 713,280. The final figure depends on layout, floor and orientation — we pull the current price list from the developer for the specific unit you want.

Where is Reef 996 located?

Reef 996 is located in Dubai Production City, Dubai. We assess the area on rental demand, incoming supply and accessibility — not on project marketing.

What is the payment plan for Reef 996?

The indicated payment plan is: 10% down payment, 10% after one month, 29% in staged monthly pre-handover instalments, 2% at completion, 49 monthly 1% post-handover instalments. We verify the full structure, including milestones and the balance due at handover.

When is Reef 996 expected to complete?

Expected completion is December 2028 (current status: now selling). Off-plan dates can slip, so we check construction progress and the developer's delivery record.

What yield can I expect at Reef 996?

The indicative gross band for this area and unit mix is 7% – 9%. Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.

Who is the developer of Reef 996?

Reef 996 is developed by REEF Luxury Developments. We review their delivery record, build quality and value retention before recommending it.

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