Developer · #68 by 12M value
Reef Luxury Development
Market bulletin · Thu, 22 Oct 2026
Reef Luxury Development: median AED 1,668/sqft, up 3.2% over three months on 54 sales
Reef Luxury Development recorded 10 sales worth AED 11.9M in the 30 days to Thu, 22 Oct 2026, down 50.0% on the previous 30 days. Over the last week 2 sales were registered (AED 2.22M), against 0 the week before.
The median sale over the last three months was AED 1.14M, or AED 1,668/sqft — like-for-like prices per sqft up 3.2% on the previous three months and up 7.6% on a year earlier. Monthly medians over the past year ranged from AED 1,480/sqft to AED 1,681/sqft.
By market over 12 months: developer off-plan sales 99.5%, off-plan resales 0.5%.
Reef Luxury Development registered 401 sales worth AED 491M in 12 months across 4 communities, ranking #68 among Dubai developers by value. Its most active project was Reef 996 (168 sales).
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | AED 1,681 |
| Aug 26 | AED 1,629 |
| Jul 26 | AED 1,660 |
| Jun 26 | AED 1,591 |
| May 26 | AED 1,565 |
| Apr 26 | AED 1,577 |
| Mar 26 | AED 1,546 |
| Feb 26 | AED 1,547 |
| Jan 26 | AED 1,602 |
| Dec 25 | AED 1,520 |
| Nov 25 | AED 1,525 |
| Oct 25 | AED 1,480 |
| Sept 25 | AED 1,530 |
| Aug 25 | AED 1,504 |
| Jul 25 | AED 1,528 |
| Jun 25 | AED 1,510 |
| May 25 | AED 1,501 |
| Apr 25 | AED 1,514 |
| Mar 25 | AED 1,445 |
| Feb 25 | AED 1,506 |
| Jan 25 | AED 1,494 |
| Dec 24 | AED 1,440 |
| Nov 24 | — |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 2 | 0 | 0 |
| Sept 26 | 23 | 1 | 0 |
| Aug 26 | 19 | 0 | 0 |
| Jul 26 | 53 | 1 | 0 |
| Jun 26 | 22 | 0 | 0 |
| May 26 | 25 | 0 | 0 |
| Apr 26 | 25 | 0 | 0 |
| Mar 26 | 21 | 0 | 0 |
| Feb 26 | 43 | 0 | 0 |
| Jan 26 | 67 | 0 | 0 |
| Dec 25 | 49 | 0 | 0 |
| Nov 25 | 38 | 0 | 0 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 10 | down 50.0% | AED 11.9M | 1,675 | up 0.6% |
| Last 3 months | 54 | down 42.6% | AED 60.6M | 1,668 | up 4.2% |
| Last 6 months | 148 | down 41.5% | AED 176M | 1,646 | up 6.2% |
| Last 12 months | 401 | up 66.4% | AED 491M | 1,589 | up 5.6% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Off-plan (developer) | 399 | 100% | AED 1.15M | 1,589 | up 5.6% |
| Off-plan resale | 2 | 0% | — | — | — |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Studio | 125 | 31% | AED 728K | 1,719 | up 4.2% |
| 1 bedroom | 180 | 45% | AED 1.16M | 1,575 | up 4.7% |
| 2 bedrooms | 83 | 21% | AED 1.50M | 1,430 | up 0.2% |
| 3 bedrooms | 8 | 2% | AED 2.07M | 1,458 | up 8.3% |
| 4 bedrooms | 5 | 1% | AED 4.56M | 1,246 | — |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 366 | 91% | AED 1.10M | 1,592 | up 5.7% |
| AED 2M–10M | 35 | 9% | AED 2.42M | 1,567 | up 10.1% |
Projects
By sales value, last 12 months
| Project | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Reef 996Dubai Production City (IMPZ) | 168 | 1,670 | up 3.6% |
| Reef 998Dubailand Residence Complex | 145 | 1,607 | — |
| Reef 999Al Furjan | 25 | — | — |
| Reef 999 Building 2Al Furjan | 24 | — | — |
| 997 ResidencesDubai Islands | 16 | — | — |
| Reef 1000Dubailand Residence Complex | 22 | — | — |
Where Reef Luxury Development sells
Sales in this scope only, last 12 months
| Community | Sales 12M | AED/sqft | Share |
|---|---|---|---|
| Dubailand Residence Complex | 167 | 1,528 | 39.4% |
| Dubai Production City (IMPZ) | 168 | 1,629 | 34.1% |
| Al Furjan | 50 | 1,535 | 18.9% |
| Dubai Islands | 16 | 2,611 | 7.6% |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 2.28M | 1 BR Apartment · 834 sqft997 Residences · Dubai Islands | 21 Sept |
| AED 2.11M | 3 BR Apartment · 1,347 sqftReef 996 · Dubai Production City (IMPZ) | 27 Jul |
| AED 2.11M | 3 BR Apartment · 1,347 sqftReef 996 · Dubai Production City (IMPZ) | 7 Aug |
| AED 2.10M | 3 BR Apartment · 1,442 sqftReef 996 · Dubai Production City (IMPZ) | 29 Sept |
| AED 1.58M | 2 BR Apartment · 1,049 sqftReef 996 · Dubai Production City (IMPZ) | 21 Sept |
| AED 1.57M | 2 BR Apartment · 1,049 sqftReef 996 · Dubai Production City (IMPZ) | 26 Aug |
Questions about Reef Luxury Development
What is the average price per sqft in Reef Luxury Development?
The median sale price in Reef Luxury Development over the last three months was AED 1,668 per sqft (median sale AED 1.14M), based on 54 sales registered with Dubai Land Department.
Are property prices in Reef Luxury Development going up?
Like-for-like prices per sqft are up 7.6% on a year earlier and up 3.2% on the previous three months.
How many properties were sold in Reef Luxury Development in the last year?
401 sales worth AED 491M were registered in the last 12 months: 100% developer off-plan, 1% off-plan resales and 0% secondary (ready) sales.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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