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Reef 996

A studio in Reef 996 costs a median AED 724,711 and rents long-let for AED 72,500/yr (10.0% gross).

Satellite view of Reef 996, Dubai Production City, Dubai, centred on its registered pin. Apple Maps.
Satellite view of the registered pin · Apple Maps

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

Against this building’s registered sales of the same type.

Ask about Reef 996 →

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

  1. Does it pay a good rent?10.0% gross, before the service charge (not on file) (Dubai median 6.8%)10.0%Strength
  2. 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%.

  3. Are rents going up?New studio leases: AED 73,000 a year ago, AED 72,500 now-0.7%Fair
  4. How fast do fees pay back?AED 48,407 in fees to buy a studio; rent covers it in 0.7 years0.7 yrs
  5. Can I sell easily?237 sales in 12 months, 47% of the tower (0 the year before)237Strength
  6. 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
  7. 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

Check an asking price →How each reading works →

Reef 996 prices and rents by unit typeA studio costs about AED 724,711 and rents for about AED 72,500 a year

TypeMedian priceGross yieldNew rent12-month changeSales
Studio274 units · 452 sqftAED 724,7111,719/sqft10.0%+0.9 ptsAED 72,50014 contractsno prior year131
1 bed143 units · 760 sqftAED 1.16M1,573/sqftunder 5 contractsunder 5 contractsno prior year77
2 bed66 units · 1,129 sqftAED 1.57M1,468/sqftnot yet letnot yet letno prior year25
3 bed22 units · 1,607 sqftAED 2.11M1,536/sqftnot yet letnot yet letunder 5 sales in a year4
Appreciation, rental income and short-term detail, by unit type

Appreciation

Studio · price per sqft · Dubai Production City · area median AED 1,466/sqft

Rank by price per sqft
4th of 38

Rental income

Studio · Dubai Production City

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.

Median price paid by year, Studio, with fainter bars resting on fewer sales. Too few monthly records in Reef 996 to draw an honest monthly line.

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%
Last 12 months
1,644
today

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.

RankBuildingMedian priceAED/sqftGross yield12-month changeSales
1Nirvana Residences - Ioff-plan 1,661/sqftAED 792,6541,661+1.1%——11
2Samana Portofino11% · off-plan 1,457/sqftAED 764,2421,6440.0%—+29.2%11
3Reef 996 · this building0% · Q3 2028 · off-plan 1,644/sqftAED 787,5381,6449.1%—237
4Eiraoff-plan 1,620/sqftAED 589,0001,620-1.4%——33
5Samana Lake Views 24% · off-plan 1,490/sqftAED 759,4941,618-1.6%13.3%+3.2%29
6Binghatti Elite53% · Q2 2026 · off-plan 1,333/sqftAED 654,0001,543-6.1%—+16.0%168
7Samana Sky Views0% · Q3 2028 · off-plan 1,526/sqftAED 992,7911,526-7.2%—0.0%278

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 activity

Planned 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 supply

Supply 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 counted
Find service-charge budget evidence for Reef 996

Direct 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.

Pinned from Google's place record for the registered name.Open in Google Maps

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

  1. Reef 996AED 1,644
  2. Dubai Production City, readyAED 991
  3. Dubai Production City, off-planAED 1,407
  4. Dubai, readyAED 1,421
Dark: this building. Grey: the area's ready and off-plan medians, and Dubai's ready median. Source: DLD registered sales.

Gross yield against the area's buildings

Axis: gross yield, % of price

Reef 996Dubai Production City median building

  1. Dubai Production City9.1% vs 8.3%
Line: the 10th to 90th percentile of 46 buildings in Dubai Production City. Gross: before service charge, vacancy and fees. Sources: DLD, Ejari.

Upcoming supply in Dubai Production City, by handover quarter

More from Reef Luxury

Nearby in Dubai Production City

Prices per sq ft around Reef 996, on the map
Pills show median sale price, AED. 63 buildings pinned from Google place records and Apple geocoding · Reef 996 is the inverted pinOpen in Apple Maps

Before you decide

The facts that can change the return, each with the date it rests on.

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 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.

Residency
More 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.

Cumulative cost by year: renting (solid) against owning net of a sale that year (dashed), at the assumptions above.

Ask about Reef 996

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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.

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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
Method
Definitions and calculations

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