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Reef 998, Dubai Land Residence Complex

Reef Luxury Developments

Reef 998

Dubai Land Residence ComplexStudio478 sqftFloor 7

Urgent

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Handover
Q2 2028
Original price
AED 858,381
Launch price today
Being assessed

About this unit

Studio on the 7th floor of Reef 998, Dubai Land Residence Complex (DLRC): 477.71 sq ft with the project's climate-controlled sunken balcony (an air-conditioned balcony). Developer plan: 1% a month with 4% every fifth month until July 2030, with handover expected in June 2028 — the instalments from August to October 2026 are shown in the plan; confirm them with the statement of account. The owner needs an immediate exit and is asking roughly half of what he has paid in.

Payment plan

Paid to developer

AED 343,345

Remaining

AED 515,036

40% paid · Next instalment AED 8,584 on 25 Nov 2026

MilestoneAmount
27-AUG-202627 Aug 2026AED 34,335
26-SEP-202626 Sept 2026AED 8,584
26-OCT-202626 Oct 2026AED 8,584
25-NOV-202625 Nov 2026AED 8,584
25-DEC-202625 Dec 2026AED 8,584
24-JAN-202724 Jan 2027AED 34,335
23-FEB-202723 Feb 2027AED 8,584
25-MAR-202725 Mar 2027AED 8,584
24-APR-202724 Apr 2027AED 8,584
24-MAY-202724 May 2027AED 8,584
23-JUN-202723 Jun 2027AED 34,335
23-JUL-202723 Jul 2027AED 8,584
22-AUG-202722 Aug 2027AED 8,584
21-SEP-202721 Sept 2027AED 8,584
21-OCT-202721 Oct 2027AED 8,584
20-NOV-202720 Nov 2027AED 34,335
20-DEC-202720 Dec 2027AED 8,584
19-JAN-202819 Jan 2028AED 8,584
18-FEB-202818 Feb 2028AED 8,584
19-MAR-202819 Mar 2028AED 8,584
18-APR-202818 Apr 2028AED 8,584
18-MAY-202818 May 2028AED 8,584
17-JUN-202817 Jun 2028AED 8,584
17-JUL-202817 Jul 2028AED 8,584
16-AUG-202816 Aug 2028AED 8,584
15-SEP-202815 Sept 2028AED 8,584
15-OCT-202815 Oct 2028AED 8,584
14-NOV-202814 Nov 2028AED 8,584
14-DEC-202814 Dec 2028AED 8,584
13-JAN-202913 Jan 2029AED 8,584
12-FEB-202912 Feb 2029AED 8,584
14-MAR-202914 Mar 2029AED 8,584
13-APR-202913 Apr 2029AED 8,584
13-MAY-202913 May 2029AED 8,584
12-JUN-202912 Jun 2029AED 8,584
12-JUL-202912 Jul 2029AED 8,584
11-AUG-202911 Aug 2029AED 8,584
10-SEP-202910 Sept 2029AED 8,584
10-OCT-202910 Oct 2029AED 8,584
09-NOV-20299 Nov 2029AED 8,584
09-DEC-20299 Dec 2029AED 8,584
08-JAN-20308 Jan 2030AED 8,584
07-FEB-20307 Feb 2030AED 8,584
09-MAR-20309 Mar 2030AED 8,584
08-APR-20308 Apr 2030AED 8,584
08-MAY-20308 May 2030AED 8,584
07-JUN-20307 Jun 2030AED 8,584
07-JUL-20307 Jul 2030AED 8,584

Your cash timeline

When each payment falls due if a deal is agreed today. The DLD and developer NOC fees are estimates (≈); the instalments are as listed in the payment plan.

AED 8,584 falls due 25 Nov 2026; agree with the seller who pays it.

Transfers usually take 2–5 weeks from the MOU.

  1. Transfer day

    Usually between 16 Nov 2026 and 7 Dec 2026, 2–5 weeks after the MOU

    ≈ AED 231,597

    Equity to the seller
    AED 180,000
    Fees: ours, DLD and developer NOC (estimated)
    ≈ AED 51,597

  2. Instalments dated before today

    Paid since, or overdue and then paid on transfer day. We check the developer's statement of account before the MOU.

    AED 51,503

  3. Before handover

    19 instalments · over the next 20 months

    AED 240,349

  4. At handover

    Q2 2028

    AED 8,584

    Can be financed with a handover mortgage

  5. After handover

    25 instalments

    AED 214,600

Total over the deal (estimated)

≈ AED 746,633

True cost to you

Asking price (seller equity)
AED 180,000
Overdue instalments + late fees: not yet checked with the developer
—
Remaining balance to developer
AED 515,036
OffplanDistress fee (2%)
AED 13,901
VAT on fee (5%)
AED 695
DLD transfer fee (4%)
AED 27,801
DLD registration & trustee fees (est.)
AED 4,200
Developer NOC / admin (est.)
AED 5,000
Total all-in
AED 746,633
Cash needed on transfer day (estimated)
≈ AED 231,597

DLD and developer fees are estimates and are confirmed when the NOC is issued.

Developers ask for overdue instalments and late fees to be cleared before they issue the NOC, so they are paid on transfer day. Who bears them is agreed in the MOU; we confirm the figure with the developer's statement of account first.

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Cash at transfer (estimated, with fees and any arrears)

≈ AED 1.44M

AED 1.35M to seller

Remaining plan

AED 0