World’s 1st Outdoor-Cooled Balconies | 1% Monthly | Reef 996
Reef 996 is a groundbreaking 24-storey residential tower by Reef Luxury Developments, located in Dubai Production City (IMPZ). It is marketed as the "world's first" building to feature patented outdoor-cooled garden lounges and sunken balconies, allowing residents to enjoy outdoor spaces comfortably even during Dubai's peak summer months. Launched in late 2025, it targets investors and professionals looking for high-tech, "all-season" luxury in a high-demand rental hub. Accurate Prices & SizesCurrent Market Inventory as of March 2026 (Unfurnished / Smart-Home Ready)Unit TypeSize Range (Sq. Ft. )Starting Price (AED)Key HighlightsStudio400 – 473~692,000Cooled sunken balcony1 Bedroom691 – 852~999,0002 Bathrooms; Bosch appliances2 Bedroom1,063 – 1,274~1,419,000Corner units; Marina skyline views3 Bedroom1,369 – 1,932~1,902,000Large terrace; 2 parking spacesInvestor Note: Reef 996 is achieving a price per square foot of approximately AED 1,450–1,650. The project is particularly attractive for its 1% monthly post-handover plan, which significantly boosts cash-on-cash returns for long-term investors. Unique Amenities & FeaturesThe tower boasts 19 resort-style amenities, emphasizing its "Nature & Innovation" theme:Climate Innovation: Patented Outdoor-Cooled Sunken Balconies and Garden Lounges. Aquatic Zone: Large infinity pool, kids' pool, and a "Baja Shelf" for in-water lounging. Wellness & Fitness: State-of-the-art gym, dedicated Pilates and Yoga studios, and a hammock area. Leisure: Outdoor cinema, BBQ areas, cabanas, and a basketball court. Premium Finishes: Kitchens fitted with Bosch appliances and bathrooms with Grohe fixtures. Smart Living: Smart building technology and high-speed elevators (6 total). Strategic Location & ConnectivityLocated in the Me'aisem First area of IMPZ, Reef 996 offers direct access to Sheikh Mohammed Bin Zayed Road (E311). 05 Mins: City Centre Me'aisem Mall. 10 Mins: Dubai Marina, JBR, and Mall of the Emirates. 15 Mins: Palm Jumeirah and Al Maktoum International Airport (DWC). 20 Mins: Downtown Dubai & Burj Khalifa. 25 Mins: Dubai International Airport (DXB). Payment Plan & HandoverReef Developments offers two main flexible structures:Option A (Standard): 20% Down Payment | 50% During Construction | 30% On Handover. Option B (Post-Handover): 20% Down Payment | 50% During Construction | 30% Post-Handover (approx. 1% monthly for 30 months). Anticipated Handover: September 2028 (Q3 2028).
Property Information
- TypeApartment
- PurposeFor Sale
- Reference no.Bayut - 105798-eUDHRx-ao
- CompletionOff-Plan
- FurnishingFurnished
- TruCheck™ on4 March 2026
- Added on4 March 2026
- Handover dateQ3 2028
Mortgage
Features / Amenities
Furnished
Balcony or Terrace
Swimming Pool
Flooring
+ 3 more amenities
Trends & Indices
This property is no longer available
Agent:Salaheldin Abdelaziz AMR