REEF 996 by REEF Luxury Developments | Climate-Controlled Luxury in Dubai Production City

Starting From
AED 692,000
  • Updated On:
  • June 10, 2026

Description

Austrabay Real Estate LLC  ·  Dubai, Australia & International
REEF 996 by REEF Luxury Developments
Dubai Production City, Dubai
Off-Plan 24 Storeys Handover Q3 2028 World-First Cooling Tech
19
Amenities
World’s 1st
Cooled Garden Lounges
AED 692K
Starting Price
0%
Buyer Fees
Project Overview
The World’s First Outdoor-Cooled Garden Lounges in a Residential Tower

REEF 996 is a 24-storey residential tower in Dubai Production City (IMPZ) that introduces two world-first innovations to apartment living. It is the first building in the world to feature Outdoor-Cooled Garden Lounges, and every apartment comes with REEF’s globally patented climate-controlled Sunken Balcony. Together, these technologies transform the way residents experience outdoor space in Dubai’s climate, making shared and private outdoor areas genuinely comfortable and usable every day of the year.

The tower offers studios, 1-bedroom, 2-bedroom, and 3-bedroom apartments ranging from 400 to 1,932 sq ft, all delivered with premium finishes: Bosch kitchen appliances, Grohe bathroom fixtures, Gutmann premium aluminium facade systems, and smart home technology throughout. Elevated ceilings, floor-to-ceiling windows, and open-plan living areas maximise natural light and create a sense of generous space. Nature-led interiors with warm tones and clean materials balance modernity with calm.

Located in Me’aisem First within Dubai Production City, REEF 996 is positioned between Sheikh Mohammed Bin Zayed Road and Al Khail Road. Dubai Marina is 10 minutes away, Mall of the Emirates is 10 minutes, and JVC and Business Bay are both easily reached. City Centre Me’aisem is on the doorstep for everyday shopping and dining. For investors, Dubai Production City delivers consistent rental demand from media professionals, corporate tenants, and families who value connectivity and affordability.

World’s First Cooled Garden Lounges

The shared outdoor garden lounge areas at REEF 996 are actively climate-controlled: the first time this has been done in any residential building in the world. Outdoor socialising, reading, and dining are genuinely comfortable year-round.

Patented Sunken Balconies

Every apartment features REEF’s globally patented climate-controlled Sunken Balcony: a recessed, shaded outdoor space with integrated cooling that makes the balcony as liveable as the interior, 365 days a year.

Bosch, Grohe and Gutmann Finishes

European-branded finishes throughout: Bosch kitchen appliances, Grohe bathroom fixtures, and a Gutmann aluminium facade system deliver durable, premium quality in every residence.

Two Flexible Payment Plans

Choose a 3-year plan (pay 30% at handover) or a 5.5-year extended plan (spread the final 30% post-handover at 1% per month). Genuine flexibility for different investor profiles.

Key Project Facts
Developer
REEF Luxury Developments
Location
Dubai Production City
Building Height
24 Storeys
Starting Price
AED 692,000
Handover
Q3 2028
Payment Options
3-Year or 5.5-Year Plan
Unit Types
Studio to 3-Bedroom
Size Range
400 to 1,932 sqft
Kitchen Appliances
Bosch (German Brand)
Bathroom Fixtures
Grohe (German Brand)
Pricing Guide
Prices vary by floor, view, and unit type. AUD equivalents are approximate. Contact Austrabay for current availability and detailed pricing.
Studio
AED 692,000
~AUD $284,000  ·  from 400 sqft
1 Bedroom
From AED 950,000
~AUD $390,000  ·  from 600 sqft
2 Bedroom
From AED 1,400,000
~AUD $574,000  ·  from 900 sqft
3 Bedroom
Contact Austrabay for Pricing
Up to 1,932 sqft

All residences include patented Sunken Balconies. DLD registration fee (4%) applies separately. Prices are indicative and subject to change.

Payment Structure
Two Plans to Suit Every Buyer

REEF 996 is one of the few off-plan developments in Dubai to offer two distinct payment plan options, giving buyers the flexibility to choose the structure that suits their financial position. Whether you want to clear the balance at handover or spread it comfortably post-completion, REEF 996 has a plan for you.

Option 1
3-Year Easy Plan
Down Payment20%
During Construction50%
On Handover (Q3 2028)30%
Option 2
5.5-Year Extended Plan
Down Payment20%
During Construction50%
Post-Handover (30%)1% per month
Example: Studio Apartment (Option 2: 5.5-Year Plan)
Purchase PriceAED 692,000
Down Payment (20%)AED 138,400
During Construction (50%)AED 346,000
Post-Handover Monthly (1%)AED 6,920/mo
Location
Dubai Production City (IMPZ)

Dubai Production City, also known as IMPZ (International Media Production Zone), is a modern, master-planned mixed-use district in the heart of new Dubai. Originally developed for media and content production industries, it has grown into one of the city’s most practical and well-connected residential communities. Positioned between Sheikh Mohammed Bin Zayed Road and Al Khail Road, residents reach Dubai Marina, JVC, and Business Bay in minutes. The district has its own retail hub in City Centre Me’aisem, a growing selection of dining, schools, and healthcare facilities within walking distance, and a family-friendly community atmosphere at a price point that delivers strong yields.

Walking City Centre Me’aisem
10 min Dubai Marina
10 min Jumeirah Beach Residence (JBR)
10 min Mall of the Emirates
10 min Dubai Miracle Garden
10 min Jumeirah Golf Estates
15 min Business Bay
15 min Global Village
15 min Dubai Sports City and Autodrome
20 min Burj Khalifa and Downtown Dubai
Amenities
19 Resort-Style Amenities
Water and Wellness
✓  Infinity Pool
✓  Kids Pool
✓  Premium Spa Facilities
✓  Temperature-Controlled Swimming Areas
✓  Yoga and Pilates Studios
Fitness and Sports
✓  State-of-the-Art Gym
✓  Sports Courts
✓  Landscaped Green Areas
Lifestyle and Entertainment
✓  Cinema Zones
✓  Multi-Purpose Event Halls
✓  In-House Retail Outlets
✓  Serenity Reading and Relaxation Zones
Family and Work
✓  Children’s Play Zones
✓  Business Hub and Co-Working Spaces
✓  Smart Building Technology
✓  24/7 Concierge and Security
✓  Secure Resident Parking and Valet
Signature Feature: World’s First Outdoor-Cooled Garden Lounges

The shared garden lounge areas at REEF 996 are actively climate-controlled using the same patented technology as the private Sunken Balconies. Residents can sit, read, work, or socialise outdoors at any time of year, even during Dubai’s summer months. This is the world’s first application of this technology in a shared residential amenity space.

Investment Case
Why Invest in REEF 996?

Dubai Production City delivers consistent rental demand from media professionals, corporate tenants, and families who value connectivity, green spaces, and a quieter community feel relative to higher-density districts. Studio and 1-bedroom apartments in the area are particularly well-suited to the tenant profile: young professionals and couples working in the surrounding media, business, and tech zones. REEF 996 adds world-first features that no competing building in the district can replicate, providing meaningful rental differentiation and the ability to command premium pricing. Entry from AED 692,000 is among the lowest available in any REEF Luxury development, making this an accessible entry point into the branded patented-technology segment.

✓  0% Income Tax in the UAE ✓  0% Capital Gains Tax ✓  Entry from AED 692,000 ✓  World-First Patented Technology ✓  Two Flexible Payment Plans ✓  Post-Handover 1% Monthly Option ✓  Bosch, Grohe and Gutmann Finishes ✓  Freehold Ownership ✓  Strong IMPZ Rental Demand ✓  Favourable AUD to AED Rate
UAE Residency Visa Eligibility

Purchasing property at AED 750,000 or above qualifies buyers for a 2-year UAE residency visa. Buyers investing AED 2 million or above qualify for the UAE 10-year Golden Residency Visa, providing long-term residency rights for the investor and their immediate family. Austrabay can guide you through the full process alongside your purchase.

The Developer
About REEF Luxury Developments

REEF Luxury Developments was established in 2024 and holds a globally registered patent for its Sunken Balcony and Winter Garden technology. Led by CEO Samer Ambar, the company has rapidly built a portfolio of projects across Dubai’s most strategic locations: Dubai Islands, Al Furjan, Dubai Land Residence Complex, and Dubai Production City. REEF defines luxury by daily comfort rather than visual design alone.

REEF 996 is one of the developer’s most accessible entry points while still delivering the full REEF patent technology experience. With a total portfolio target of AED 14 billion and 5,000+ residential units in the pipeline, REEF is one of Dubai’s fastest-growing developer brands. Its patented innovations provide genuine long-term differentiation in a competitive market.

AED 14B
Target Portfolio
5,000+
Residential Units
Global
Patented Technology
Austrabay Real Estate LLC · Your Bridge Between Australia and Dubai
Interested in REEF 996?

Our team is available across Australian and UAE time zones. We will guide you through every step of the process, no trip to Dubai required.

0% Fees Charged to Buyers

Enquire Now
Contact us and we will send you the complete REEF 996 brochure, detailed floor plans, and current availability.
Austrabay Real Estate LLC
Dubai, Australia & International
RERA License No. 1562043  ·  austrabay.com
All prices and project details are sourced from REEF Luxury Developments and public listings as of June 2026. Prices are subject to change. Austrabay acts as an authorised marketing partner. Buyers are encouraged to conduct their own due diligence. AUD equivalents are approximate based on prevailing exchange rates.

City:
State/County:
Country: United Arab Emirates

Property Id: 22543
Price: AED 692,000

Contact Me

Schedule a showing?

Compare Listings

Avinash Sharma