COOLED BALCONIES | PHPP || smart invest || best for inertance

Type

Apartment

Purpose

Sale

Furnishing

Unfurnished

Updated

12th August 2026

Completion Status

Off-Plan

Payment Plan

70/30

Handover

Q3 2028

Developer

Reef Luxury Development

Project Name

Reef 996

Reef 996 by Reef Luxury Development is a modern residential tower in Dubai Production City / IMPZ, offering Studio, 1BR, 2BR and 3BR apartments with a unique outdoor-cooled balcony concept and strong rental appeal.
The project is ideal for investors looking for affordable entry, flexible payment options, high tenant demand and a standout feature that supports future rental and resale value.
Investment Highlights
Starting Price: from approx. AED 667K
Unit Types: Studio, 1BR, 2BR & 3BR
Payment Plan: 50/50 or 60/40, subject to availability
Post-Handover: 2.5 Years PHPP available on selected units
Handover: Q3 2028 / September 2028
Developer: Reef Luxury Development
Location: Dubai Production City / IMPZ
Ownership: Freehold
Furnishing: Subject to latest availability
Expected ROI: 8%–9%, subject to unit, price and market rent
Why Investors Like This Deal
Unique outdoor-cooled balcony concept
Affordable entry in a growing rental community
Flexible payment plans with PHPP option
Strong demand from IMPZ, Sports City, Motor City and JVC tenants
Close to City Centre Me’aisem and Jumeirah Golf Estates
Easy access to Sheikh Mohammed Bin Zayed Road and Al Khail Road
Good option for rental income, resale and capital appreciation
Landmarks & Connectivity
5 minutes to Dubai Studio City
10 minutes to Dubai Sports City
10 minutes to Motor City
15 minutes to Mall of the Emirates
20 minutes to Dubai Marina
20 minutes to Global Village
25 minutes to Downtown Dubai
25 minutes to Dubai Mall
25 minutes to Dubai International Airport
Amenities
Outdoor-cooled garden lounges
Outdoor-cooled sunken balconies
Infinity pool
Kids’ pool
Gym
Pilates studio
Yoga studio
Cinema area
BBQ area
Basketball court
Tennis & padel court
Badminton & volleyball court
Kids’ play area
Covered parking
Security

Posted on: 11th August 2026