Real Estate

Reef Luxury Developments, the Dubai-based company known for pioneering patented outdoor-cooling technology, has officially broken ground on Reef 998, the latest addition to its innovation-led residential portfolio in the emirate.

Situated in the Dubai Land Residential Complex (DLRC), Reef 998 continues the developer’s vision of redefining luxury living through its signature Outdoor-Cooled Sunken Balconies — a feature that enables residents to enjoy open-air spaces comfortably even during Dubai’s hottest months. The project becomes the world’s third building to incorporate this patented cooling technology.

Homes at Reef 998 are priced from AED 759,441 and are offered with a flexible 5.5-year payment plan. The development will include more than 20 resort-style amenities such as landscaped gardens, swimming pools, fitness areas, co-working lounges, and family-oriented recreational spaces. Designed to deliver both lifestyle quality and investment appeal, the project targets a rising demand for climate-adaptive luxury homes.

“Our goal has always been to push the boundaries of what’s possible in luxury living. With Reef 998, we’re transforming innovation into real value, creating homes that are as practical as they are luxurious,” said Samer Ambar, CEO of Reef Luxury Developments.

The development’s strategic location in DLRC offers residents convenient access to Sheikh Mohammed Bin Zayed Road, Al Ain Road, and nearby attractions including Global Village and Dubai Outlet Mall. Its proximity to key leisure and business districts ensures strong connectivity throughout the city.

Reef 998 follows the successful launch of Reef 999 in Al Furjan and reinforces the company’s commitment to expanding climate-forward, design-driven residential solutions across Dubai. By merging advanced engineering with long-term comfort, Reef Luxury Developments aims to set new benchmarks for sustainable, high-end living in the region.

• Tags
• #Business
• #Magazine
• #Lifestyle