Market bulletin · Thu, 22 Oct 2026
Reef 996: median AED 1,670/sqft, up 3.6% over three months on 44 sales
Reef 996 recorded 8 sales worth AED 9.47M in the 30 days to Thu, 22 Oct 2026, down 55.6% on the previous 30 days. Over the last week 1 sale was registered (AED 1.16M), against 0 the week before.
The median sale over the last three months was AED 1.16M, or AED 1,670/sqft — like-for-like prices per sqft up 3.6% on the previous three months. Monthly medians over the past year ranged from AED 1,536/sqft to AED 1,717/sqft.
By market over 12 months: developer off-plan sales 100%.
In Dubai Production City (IMPZ), Reef 996 ranked #2 of 11 leading projects by 12-month sales value; it is developed by Reef Luxury Development. Its first registered sale was on 10 December 2025.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | AED 1,670 |
| Aug 26 | AED 1,644 |
| Jul 26 | AED 1,713 |
| Jun 26 | AED 1,717 |
| May 26 | AED 1,565 |
| Apr 26 | AED 1,536 |
| Mar 26 | AED 1,601 |
| Feb 26 | AED 1,621 |
| Jan 26 | AED 1,597 |
| Dec 25 | AED 1,555 |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 1 | 0 | 0 |
| Sept 26 | 21 | 0 | 0 |
| Aug 26 | 17 | 0 | 0 |
| Jul 26 | 35 | 0 | 0 |
| Jun 26 | 11 | 0 | 0 |
| May 26 | 9 | 0 | 0 |
| Apr 26 | 11 | 0 | 0 |
| Mar 26 | 15 | 0 | 0 |
| Feb 26 | 15 | 0 | 0 |
| Jan 26 | 25 | 0 | 0 |
| Dec 25 | 8 | 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 | 8 | down 55.6% | AED 9.47M | 1,675 | up 0.6% |
| Last 3 months | 44 | down 12.0% | AED 49.3M | 1,670 | down 2.2% |
| Last 6 months | 94 | up 27.0% | AED 98.2M | 1,670 | up 4.6% |
| Last 12 months | 168 | — | AED 168M | 1,629 | — |
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) | 168 | 100% | AED 839K | 1,629 | — |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Studio | 85 | 51% | AED 725K | 1,722 | — |
| 1 bedroom | 60 | 36% | AED 1.16M | 1,556 | — |
| 2 bedrooms | 20 | 12% | AED 1.53M | 1,433 | — |
| 3 bedrooms | 3 | 2% | — | — | — |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 165 | 98% | AED 815K | 1,630 | — |
| AED 2M–10M | 3 | 2% | — | — | — |
Competing projects in Dubai Production City (IMPZ)
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Samana Sky ViewsSamana Developers | 185 | 1,552 | — |
| Ivy at Park FiveDeyaar Development | 126 | 1,466 | — |
| Soul by VisionVision Developments - Vision Platinum Real Estate Development | 109 | 1,166 | — |
| Neem at Park FiveDeyaar Development | 78 | 1,328 | — |
| Ember at Park FiveDeyaar Development | 83 | 1,339 | — |
| Sera Gardens by VisionVision Developments - Vision Platinum Real Estate Development | 87 | 1,538 | up 2.2% |
| Binghatti EliteBinghatti | 111 | 1,544 | up 2.8% |
| Samana Resorts - Tower BSamana Developers | 76 | 1,371 | — |
| Samana Resorts - Tower ASamana Developers | 67 | 1,300 | — |
| Alder at Park FiveDeyaar Development | 43 | 1,384 | — |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| 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 |
| AED 1.57M | 2 BR Apartment · 1,049 sqftReef 996 · Dubai Production City (IMPZ) | 25 Sept |
Questions about Reef 996
What is the average price per sqft in Reef 996?
The median sale price in Reef 996 over the last three months was AED 1,670 per sqft (median sale AED 1.16M), based on 44 sales registered with Dubai Land Department.
How many properties were sold in Reef 996 in the last year?
168 sales worth AED 168M were registered in the last 12 months: 100% developer off-plan, 0% 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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