What is the payment plan for REEF 995?

REEF 995 by REEF Luxury Developments is sold on a 20/40/40 plan: 20% on booking, 40% during construction, 40% on handover, as published by the developer.

How much is the booking amount for REEF 995?

20% of the price. On the cheapest unit at AED 697K that is AED 139,355.

How much do I pay before I get the keys to REEF 995?

100% of the price, the payment due on handover day included. On the cheapest unit at AED 697K that is AED 697K by handover in Q4 2028.

Does REEF 995 have a post-handover payment plan?

No. The published plan completes at handover in Q4 2028.

What are the registration fees on REEF 995?

The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 697K that is AED 27,871. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.

When is the handover of REEF 995?

REEF Luxury Developments publishes Q4 2028, which is 27 months from now.

REEF Luxury Developments · Wadi al safa 5 · handover Q4 2028

REEF 995 payment plan

REEF 995 by REEF Luxury Developments in Wadi al safa 5, Dubai is sold on a 20/40/40 payment plan. On the cheapest unit, starting from AED 697K, that is AED 697K (100%) paid by handover in Q4 2028. Handover is 27 months away.

Private enquiry

Ask about REEF 995.

Leave your WhatsApp number and email. I check what REEF Luxury Developments currently offers on REEF 995.

DocumentPDF

Privacy and terms

The REEF 995 payment plan in dirhams

Payment plan as published by the developer

Stage	Share
On Booking	20%
During Construction	40%
On Handover	40%

On the cheapest unit (entry unit, AED 697K)

On Booking	AED 139,355
During Construction	AED 278,711
On Handover	AED 278,711
Total (100%)	AED 696,777
Months to handover	27

Percentages as published by REEF Luxury Developments. Dirham figures are those percentages applied to the published starting price of AED 696,777. Registration and other fees are not included.

The REEF 995 instalment schedule, line by line

REEF Luxury Developments publishes 2 payment plans for REEF 995. Each is shown as published, with every instalment and the charges listed alongside it.

Plan 1 of 2: Payment Plan 40/60

Published by REEF Luxury Developments

Stage	Instalment	Share	On AED 696,777
On Booking20%	On Booking	20%	AED 139,355
	DLD Feefee	4%	AED 27,871
During Construction	as published	40%	AED 278,711
On Handover	as published	40%	AED 278,711
Total of the plan		100%	AED 696,777

Lines marked fee (DLD Fee) are charges the developer lists alongside the plan. They are paid on top of the price and are not part of the percentages above.

Plan 2 of 2: Payment Plan 60/40 ( Post Handover )

Published by REEF Luxury Developments

Stage	Instalment	Share	On AED 696,777
On Booking20%	On Booking	20%	AED 139,355
	DLD Feefee	4%	AED 27,871
During Construction	as published	40%	AED 278,711
After Handover40%	1st Installment to 30th Installment	30 × 1.33%	AED 9,267 each
Total of the plan		99.9%	AED 696,080

Lines marked fee (DLD Fee) are charges the developer lists alongside the plan. They are paid on top of the price and are not part of the percentages above.

Instalments and charges as published by REEF Luxury Developments; the dirham column applies each percentage to the published starting price of AED 696,777. Fixed charges are printed as published. Registration with the Land Department is shown separately below.

What each unit size pays at REEF 995

The same plan, applied to the starting price REEF Luxury Developments publishes for each size in the building.

Unit	From	On Booking (20%)	During Construction (40%)	On Handover (40%)
Studiofrom 433 sq ft	AED 696,777	AED 139,355	AED 278,711	AED 278,711
1 bedfrom 597 sq ft	AED 904,777	AED 180,955	AED 361,911	AED 361,911
2 bedfrom 971 sq ft	AED 1,434,777	AED 286,955	AED 573,911	AED 573,911
3 bedfrom 1,197 sq ft	AED 1,827,777	AED 365,555	AED 731,111	AED 731,111

Starting price per size as published by REEF Luxury Developments; each column is that size’s published starting price multiplied by the stage percentage above.

What it costs to register REEF 995

The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to REEF Luxury Developments and not to EZRE, and it sits outside the payment plan above. Administration, trustee and any developer charges are separate and are not shown here.

Unit	From	Land Department 4%
Studio	AED 696,777	AED 27,871
1 bed	AED 904,777	AED 36,191
2 bed	AED 1,434,777	AED 57,391
3 bed	AED 1,827,777	AED 73,111

4% applied to each published starting price. The rate is the Dubai Land Department’s published registration fee and is not a figure from the register.

Everything else on REEF 995

REEF 995 payment plan: questions buyers ask

What is the payment plan for REEF 995?: REEF 995 by REEF Luxury Developments is sold on a 20/40/40 plan: 20% on booking, 40% during construction, 40% on handover, as published by the developer.
How much is the booking amount for REEF 995?: 20% of the price. On the cheapest unit at AED 697K that is AED 139,355.
How much do I pay before I get the keys to REEF 995?: 100% of the price, the payment due on handover day included. On the cheapest unit at AED 697K that is AED 697K by handover in Q4 2028.
Does REEF 995 have a post-handover payment plan?: No. The published plan completes at handover in Q4 2028.
What are the registration fees on REEF 995?: The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 697K that is AED 27,871. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.
When is the handover of REEF 995?: REEF Luxury Developments publishes Q4 2028, which is 27 months from now.