Reef 998
Reef Luxury Development · Dubai Residence Complex, Liwan · 339 homes · Under construction
A Reef Luxury Development project under construction in Dubai Residence Complex, Liwan: 339 homes, 2% built, with completion promised for Q2 2028 on the register. Registered off-plan sales from Jul 2025 to Jun 2026 had a median of AED 1,556 per sqft.
Updated 27 Oct 2026Prices. Quarter by quarter since launch.
Every quarter as a table
| Quarter | Median AED/sqft | Sales |
|---|---|---|
| Q3 2025 | 1,603 | 77 |
| Q4 2025 | 1,594 | 73 |
| Q1 2026 | 1,530 | 66 |
| Q2 2026 | 1,463 | 29 |
| Q3 2026 | 1,578 | 30 |
Median AED per sqft of registered sales, off-plan and ready, through Q3 2026. Quarters with fewer than 10 sales are left out. The launch quarter is the first quarter with 10 or more sales.
Promised vs today. Launch to today.
8% over the Dubai Residence Complex median.
The promised date is the completion date declared on the Dubai Land Department register. A handover is dated by the first ready-market sale on the register, which trails the keys. The launch price is the launch quarter’s median of registered sales, not a brochure. Area medians are every registered home sale in the area, Jul 2025 to Jun 2026.
Questions.
When will Reef 998 be completed?
The register declares completion for Q2 2028, and the project is reported 2% built.
What do homes in Reef 998 sell for?
From Jul 2025 to Jun 2026, 245 homes sold on the register at a median of AED 1,556 per sqft and AED 1.05M per home. By unit type: Studio AED 728K (84 sales), 1 BR AED 1.08M (104 sales), 2 BR AED 1.44M (43 sales), 3 BR AED 1.88M (14 sales). These are registered deeds, not the developer's price list.
Who built Reef 998?
Reef Luxury Development. The project is registered to Reef Luxury Development on the Dubai Land Department register, which lists 6 projects for the developer in Dubai, 6 of them under construction.
How many homes are in Reef 998?
339, as counted on the Dubai Land Department register. The declared mix: 114 studios, 133 1 BR, 57 2 BR, 19 3 BR.
