Reef Luxury Development L.L.C · Selling since 2024 · recent sales mostly off-plan
AED 1,499/sqft
—
AED 1,072,741
AED 774,939 to AED 1,308,689, from 1.2 years of this project's own history. A trend, not a forecast.
High
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually registered at in Reef 998 — not an asking price, and not this project’s overall median, which mixes every unit size together.
A year’s rent against what that size actually sold for in Reef 998 over the same twelve months. Prices are this project’s own registered sales. Rents marked this building are registered new tenancies in Reef 998 itself; the rest are homes of the same size in Dubai Land Residence Complex, used where Ejari did not name the building.
| Size | Costs now | Rents for | Gross yield | Sales behind it |
|---|---|---|---|---|
| Studio | AED 731.7K | AED 38,000/yrsame size in Dubai Land Residence Complex | 5.2% | 70 |
| 1 bed | AED 1.06M | AED 49,350/yrsame size in Dubai Land Residence Complex | 4.7% | 91 |
| 2 beds | AED 1.43M | AED 56,485/yrsame size in Dubai Land Residence Complex | 3.9% | 48 |
| 3 beds | AED 1.88M | AED 97,563/yrsame size in Dubai Land Residence Complex | 5.2% |
Price vs. Dubai Land Residence Complex median
+3.6%
Priced above the area's real median — ask why.
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Verification guide →Transport, schools, healthcare, and daily essentials within 3 km.
831 m
Gems First Point School (The Villa)
139 m
Al Jiva Mini Mart
| 14 |
What it returns after service charges
Starting from the middle filed owners-association budget in this area — AED 13/sqft across 7 buildings, most recently filed for 2023. Charges have risen since then and the filing is matched to this page by name, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Gross | Net |
|---|---|---|---|---|
| Studio | AED 5,338 | AED 32,662 | 5.2% | 4.5% |
| 1 bed | AED 8,726 | AED 40,624 | 4.7% | 3.8% |
| 2 beds | AED 13,053 | AED 43,432 | 3.9% | 3.0% |
| 3 beds | AED 18,160 | AED 79,402 | 5.2% | 4.2% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
Straight-line distances — actual walking or driving routes will be longer. Measured from the centre of Dubai Land Residence Complex — we couldn't pin this project's exact address, so treat these as area-level, not door-to-door. Places data from OpenStreetMap.