What is the payment plan for REEF 996?

REEF 996 by REEF Luxury Developments is sold on a 20/30/50 plan: 20% on booking, 30% during construction, 50% upon handover, as published by the developer.

How much is the booking amount for REEF 996?

20% of the price. On the cheapest unit at AED 751K that is AED 150,217.

How much do I pay before I get the keys to REEF 996?

100% of the price, the payment due on handover day included. On the cheapest unit at AED 751K that is AED 751K by handover in Q3 2028.

Does REEF 996 have a post-handover payment plan?

No. The published plan completes at handover in Q3 2028.

What are the registration fees on REEF 996?

The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 751K that is AED 30,043. 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 996?

REEF Luxury Developments publishes Q3 2028, which is 24 months from now.

REEF Luxury Developments · Dubai Production City · handover Q3 2028

REEF 996 payment plan

REEF 996 by REEF Luxury Developments in Dubai Production City, Dubai is sold on a 20/30/50 payment plan. On the cheapest unit, starting from AED 751K, that is AED 751K (100%) paid by handover in Q3 2028. Handover is 24 months away.

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The REEF 996 payment plan in dirhams

Payment plan as published by the developer

Stage	Share
On booking	20%
During construction	30%
Upon Handover	50%

On the cheapest unit (Studio–3 BR, AED 751K)

On booking	AED 150,217
During construction	AED 225,326
Upon Handover	AED 375,543
Total (100%)	AED 751,086
Months to handover	24

Percentages as published by REEF Luxury Developments. Dirham figures are those percentages applied to the published starting price of AED 751,086. Registration and other fees are not included.

The REEF 996 instalment schedule, line by line

Every instalment REEF Luxury Developments publishes for REEF 996, in order, with the charges listed alongside the plan.

Payment Plan

Published by REEF Luxury Developments

Stage	Instalment	Share	On AED 751,086
On booking20%	On Booking	20%	AED 150,217
	Admin Feefee	fixed	AED 2,625
	DLD Feefee	4%	AED 30,043
During construction30%	1st Installment to 22nd Installment	22 × 1.25%	AED 9,389 each
	23rd Installment	2.5%	AED 18,777
Upon Handover	as published	50%	AED 375,543
Total of the plan		100%	AED 751,086

Lines marked fee (Admin 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 751,086. Fixed charges are printed as published. Registration with the Land Department is shown separately below.

What each unit size pays at REEF 996

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 (30%)	Upon Handover (50%)
Studiofrom 399 sq ft	AED 751,086	AED 150,217	AED 225,326	AED 375,543
1 bedfrom 693 sq ft	AED 1,138,537	AED 227,707	AED 341,561	AED 569,269
2 bedfrom 1,045 sq ft	AED 1,568,613	AED 313,723	AED 470,584	AED 784,306
3 bedfrom 1,376 sq ft	AED 1,989,918	AED 397,984	AED 596,975	AED 994,959

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 996

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 751,086	AED 30,043
1 bed	AED 1,138,537	AED 45,541
2 bed	AED 1,568,613	AED 62,745
3 bed	AED 1,989,918	AED 79,597

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 996

REEF 996 payment plan: questions buyers ask

What is the payment plan for REEF 996?: REEF 996 by REEF Luxury Developments is sold on a 20/30/50 plan: 20% on booking, 30% during construction, 50% upon handover, as published by the developer.
How much is the booking amount for REEF 996?: 20% of the price. On the cheapest unit at AED 751K that is AED 150,217.
How much do I pay before I get the keys to REEF 996?: 100% of the price, the payment due on handover day included. On the cheapest unit at AED 751K that is AED 751K by handover in Q3 2028.
Does REEF 996 have a post-handover payment plan?: No. The published plan completes at handover in Q3 2028.
What are the registration fees on REEF 996?: The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 751K that is AED 30,043. 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 996?: REEF Luxury Developments publishes Q3 2028, which is 24 months from now.