About Reef 998
Reef 998 is a residential and commercial tower by Reef Luxury Developments, in Wadi Al Safa 5, Dubai. It rises 24 storeys (3 basement levels, a ground floor, 3 podium levels, 20 floors and a roof), built as a concrete structure with internal and external finishes. The project comprises 339 homes.
Key information
Developer
Reef Luxury Developments
- Expected handover
- TBC
- Status
- Not started
- Location
- Wadi Al Safa 5, Dubai
- Master project
- Dubai Land Residence Complex
- Construction started
- 2025
- Number of buildings
- 1
- Number of units
- 339
- Registered with DLD
- 28 May 2025
- Escrow bank
- Abu Dhabi Islamic Bank
- Escrow account no.
- 19429442
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2025
- Under construction2% complete
- Expected handoverTBC
Construction progress
14 inspection photos from the Dubai Land Department. Latest 27 Aug 2026 at 2% complete.
Amenities
Physical features recorded on the Dubai Land Department buildings register.
Swimming Pool
Covered Parking
8 Elevators
28 Floors
Retail & Shops
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
282
Median price
AED 1.0M
Median price / sqft
AED 2K-1%
Off-plan share
100%
Priced 46% above than the Wadi Al Safa 5 median of AED 1K/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| Studio | 95 | 424 sqft | AED 735K | AED 2K |
| 1 Bed | 119 | 695 sqft | AED 1.1M | AED 2K |
| 2 Bed | 50 | 1,006 sqft | AED 1.4M | AED 1K |
| 3 Bed | 16 | 1,397 sqft | AED 1.9M | AED 1K |
Price per sqft by year
-1% since 2025AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 08 Sept 2026 | Off-plan | 477 sqft | AED 830K | AED 2K |
| 13 Aug 2026 | Off-plan | 671 sqft | AED 1.0M | AED 1K |
| 11 Aug 2026 | Off-plan | 671 sqft | AED 1.1M | AED 2K |
| 10 Aug 2026 | Off-plan | 1,002 sqft | AED 1.3M | AED 1K |
| 30 Jul 2026 | Off-plan | 671 sqft | AED 1.1M | AED 2K |
| 30 Jul 2026 | Off-plan | 478 sqft | AED 841K | AED 2K |
| 29 Jul 2026 | Off-plan | 287 sqft | AED 510K | AED 2K |
| 27 Jul 2026 | Off-plan | 1,002 sqft | AED 1.4M | AED 1K |
Unit mix
339 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| Commercial | 16 | - |
| Studio | 114 | 410 - 478 sqft |
| 1 B/R | 133 | 623 - 793 sqft |
| 2 B/R | 57 | 1,002 - 1,011 sqft |
| 3 B/R | 19 | 1,397 sqft |
Payment plan
Payment plans are set by Reef Luxury and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Wadi Al Safa 5, Dubai.
Wadi Al Safa 5
Dubai, United Arab Emirates
Frequently asked questions
Reef 998 has a planned handover of a date not yet on the register, and the latest DLD inspection puts construction at 2% complete.
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