Reef 996
- Under construction · 0% built · handover Q3 2028
- 25 floors
- 6 lifts
- 553 parking bays
- 1 pool
- Master developer Reef Luxury
A studio in Reef 996 costs a median AED 724,711 and rents long-let for AED 72,500/yr (10.0% gross).
Studio · typical price
724,711AED
AED 1,719/sqft
- Rent a year
- AED 72,500
- Gross yield
- 10.0%
- vs Dubai Production City
- 17% above the median
Cost to buy, all inAED 773,118
- Price
- AED 724,711
- DLD fee 4%
- AED 28,988
- Agent 2% + VAT
- AED 15,219
- Trustee
- AED 4,200
Fees repaid by rent8 months
Is Reef 996 a good investment?Pays above the Dubai median and easy to sell; few units are let and lots of new supply is coming
- Does it pay a good rent?10.0% gross, before the service charge (not on file) (Dubai median 6.8%)10.0%Strength
- Is it easy to let?4% of units signed a yearly lease in 12 months; the typical Dubai Production City building manages 6%4%Watch
Dubai Production City median 6% · top tenth from 51%Reef 996 · 4% Across 16 Dubai Production City buildings with 40 or more units, the median signed annual leases on 6% of units in 12 months and the top tenth on 51% or more; Reef 996 is at 4%.
- Are rents going up?New studio leases: AED 73,000 a year ago, AED 72,500 now-0.7%Fair
- How fast do fees pay back?AED 48,407 in fees to buy a studio; rent covers it in 0.7 years0.7 yrs
- Can I sell easily?237 sales in 12 months, 47% of the tower (0 the year before)237Strength
- Is a lot being built nearby?3,449 apartments are planned in Dubai Production City from 2026 to 2028, equal to 54% of the 6,406 homes let there today. A further 1,882 are past their planned date. Dubai Production City supply by year →54%Watch
- Did earlier buyers gain?Up 0% for launch buyers, before fees0.0%Context
Readings use published thresholds · studio figures, the most traded type · Data to 12 Oct 2026
Reef 996 prices and rents by unit typeA studio costs about AED 724,711 and rents for about AED 72,500 a year
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
Studio · price per sqft · Dubai Production City · area median AED 1,466/sqft
- vs area median
- +17.2%
- Rank by price per sqft
- 4th of 38
Rental income
Studio · Dubai Production City
- Gross yield
- 10.0%
- Median new rent
- AED 72,500/yr
- Yield vs area median
- +0.9 pts
- Yield vs Dubai (6.8%)
- +3.2 pts
- Yield rank
- 1st of 19
- Renewal rent
- AED 75,000/yr
- New tenants pay vs sitting (5 renewals)
- -3.3%
Price history and sales
As filed with the Land Department — data to 2026-10-12.
Chart data, Studio: 2025, AED 692,362; latest, 2026, AED 724,735; peak, 2026, AED 724,735.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 1,644 · before fees
- Launch, 2025–26
- 1,644
- 0%
- 237 sales
- Last 12 months
- 1,644
- today
- 237 sales
The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.
No resales match the last 12 months. Try another transaction type, bedroom type or period.
Comparables in Dubai Production City
Every Dubai Production City building with a page, ranked by price per sqft over the same 12 months, all unit types. Reef 996 places 3rd of 62; the nearest 6 are shown.
Rank 1 is the dearest per square foot. Differences are against Reef 996 (AED 1,644/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At studio, Reef 996 has registered sale prices 17% above the Dubai Production City median price per square foot of 1,466 AED, across 38 eligible buildings. It ranks 4th of 38 by price per square foot and 1st of 19 by gross yield in Dubai Production City.
Market context in Dubai Production City
Registered sales activity
805 ready apartment sales in the 12 months to 2026-10-12.
+5.5% in median AED/sqft versus the preceding year, supported by 805 current and 1,116 prior price observations.
Explore sales activityPlanned apartment projects
2,784 known registered units across 5 pending projects planned within one year of the 2026-07-06 register.
0 projects had already passed their planned date; 3 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
3,449 apartments are planned in Dubai Production City from 2026 to 2028, equal to 54% of the 6,406 homes let there today.
Ready prices per sqft fell in 11% of 45 buildings (counted once per bedroom type) in Dubai Production City with sales in both years; the typical one moved +6.8%.
New-lease rents fell in 38% of 13 buildings (counted once per bedroom type) with leases in both years; the typical one moved +2.3%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
About Reef 996
Reef 996 is an under-construction (0% built) apartment building by Reef Luxury in Dubai Production City. 237 sales are registered with the Dubai Land Department.
The building, as registered
- Floors
- 25
- Lifts
- 6
- Parking bays
- 553
- Pools
- 1
- Master developer
- Reef Luxury
Drive times · typical
- Downtown
- 24 min · 26 km
- DXB Airport
- 26 min · 35 km
- DIFC
- 22 min · 29 km
- Dubai Marina
- 17 min · 15 km
- Palm Jumeirah
- 25 min · 23 km
Nearest, as registered
- Metro
- Damac Properties
- Mall
- Marina Mall
- Landmark
- Sports City Swimming Academy
Reef 996: AED 1,644 per sq ft, 30% above the median Dubai Production City building, and a 9.1% gross yield, above the area's median building
The building's own figures against its area's registered market, last twelve months.
Price per sq ft
Median registered sale price, AED per sq ft, last 12 months
- Reef 996AED 1,644
- Dubai Production City, readyAED 991
- Dubai Production City, off-planAED 1,407
- Dubai, readyAED 1,421
Gross yield against the area's buildings
Axis: gross yield, % of price
Reef 996Dubai Production City median building
- Dubai Production City9.1% vs 8.3%
More from Reef Luxury
Reef 998
Dubailand Residence Complex · 192 sales, 12 months
1.07M
AED, resale median · 1,546/sqft
999 Residences by Reef Luxury Development - 1
Al Furjan · 34 sales, 12 months
1.40M
AED, resale median · 1,536/sqft
Reef 1000
Dubailand Residence Complex · 34 sales, 12 months
1.43M
AED, resale median · 1,454/sqft
999 Residences by Reef Luxury Development - 2
Al Furjan · 33 sales, 12 months
1.39M
AED, resale median · 1,515/sqft
Nearby in Dubai Production City
Prices per sq ft around Reef 996, on the mapPrices per sq ft around Reef 996, on the map
Ivy at Park Five
Dubai Production City · 181 sales, 12 months
1.14M
AED, resale median · 1,456/sqft
Soul by vision
Dubai Production City · 137 sales, 12 months
950,000
AED, resale median · 1,165/sqft
Ember at Park Five
Dubai Production City · 117 sales, 12 months
1.10M
AED, resale median · 1,339/sqft
Neem at Park Five
Dubai Production City · 110 sales, 12 months
1.13M
AED, resale median · 1,326/sqft
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · StudioOn record
- Rental evidence · StudioOn record
- Service chargeNot on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.Not on record
- Project registerOn record
- DeveloperOn record
- Building recordOn record
- Costs not includedNot in the yield
Rent or buy
What owning a studio here costs against renting it, at stated assumptions you can change.
Monthly cost of owning against renting, with your own deposit and rateMonthly cost of owning against renting, with your own deposit and rate
Prefilled from Reef 996’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.
More assumptionsFewer assumptions
The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.
- Monthly mortgage
- 3,223AED
- 4.5% over 25 years
- Monthly rent
- 6,042AED
- AED 72,500 a year
- Cash needed at purchase
- 203,596AED
- 20% down plus AED 58,654 in fees
Owning costs AED 301,930 less than renting over 5 years, once the sale is counted.
Buying overtakes renting in year 2.
Ask about Reef 996
Looking to buy or rent here? Tell us what you need: unit type, budget, timing.
We reply by phone, WhatsApp or email, and put you in touch with a licensed agent.
Common questions
- What is the rental yield in Reef 996?
- Reef 996 returns 10.0% gross: a median new-contract rent of AED 72,500 a year (14 Ejari contracts in 12 months) over a price benchmark of AED 724,711 (median of 131 sales in the last 12 months, latest Oct 2026), before service charge, agency fees or vacant months.
- How much does a studio in Reef 996 cost?
- The median registered sale price is AED 724,711 (1,719 AED/sqft), from 131 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
- How does Reef 996 compare with Dubai Production City?
- Its 10.0% gross yield sits +0.9 pts against the Dubai Production City median of 9.1%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.
- What is the registered annual rent for a studio in Reef 996?
- The median new annual rent is AED 72,500, from 14 Ejari contracts in the trailing 12 months to 2026-10-12. The evidence is recorded for this building. Compare the same bedroom type; floor, view and condition can change an individual rent.
- Have registered rents in Reef 996 risen or fallen?
- The median new annual rent changed -0.7% in the trailing 12 months against the previous 12, using 14 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.
For agents
Send this page to a client as a branded report
Reef 996 sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 131 registered sales in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts
- Canonical record
- /sale/apartments/dubai/production-city/reef-996
Cite as: Dubai Wealth Index. “Reef 996 sale prices and yield.” Dubai Production City, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/production-city/reef-996
Stable dataJSON