999 Residences by Reef Luxury Development

1. Is it on schedule?0% built in July 2026 against a June 2027 handover: 100% left to build in 11 months · DLD project register, Jul 20260%Context
2. Is my money protected?Payments go to an escrow account at بنك أبوظبي الأول ش.م.ع., as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 1,515/sqft, 3.5% above the Al Furjan off-plan median across 47 projects+3.5%Context
4. Is it selling?67 off-plan sales registered in the last 12 months, of 142 units; the latest on 17 Sept 202667Context
5. Who is building it?Reef Luxury, licence no. 1944Context

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

بنك أبوظبي الأول ش.م.ع.

Developer, as licensed

REEF LUXURY DEVELOPMENT L.L.C (no. 1944)

Master developer

Nakheel

Registered start

April 2025

Configuration

G+P+12+R Commercial and Residential Building Consist of 1 Bedroom + Balcony =108 rooms, 2 Bedroom + Balcony =20 rooms, 3 Bedroom + Balcony =4 rooms and 4 Bedroom + Balcony = 10 rooms. Total of 142 rooms.

Construction progress is the percentage DLD recorded in its project register as of July 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

When will 999 Residences by Reef Luxury Development be completed?

The developer registered handover for June 2027, 11 months after DLD’s latest record, and the project was 0% built as of July 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department project register as of July 2026.

What does 999 Residences by Reef Luxury Development cost per square foot?

AED 1,515 per sqft, the median of 67 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 1.40M. That is 3.5% above the Al Furjan off-plan median across 47 projects.

Is 999 Residences by Reef Luxury Development in escrow?

Yes: the Land Department register names بنك أبوظبي الأول ش.م.ع. as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of 999 Residences by Reef Luxury Development?

REEF LUXURY DEVELOPMENT L.L.C, licence no. 1944, by the register’s own licence number; the master developer that owns the land is Nakheel. Dubai Land Department project register as of July 2026.

How many units does 999 Residences by Reef Luxury Development have?

142 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.