What is the payment plan for Reef 998?

Reef 998 by REEF Luxury Developments is sold on a 20/21/59 plan: 20% on booking, 21% during construction, 59% upon handover, as published by the developer.

How much is the booking amount for Reef 998?

20% of the price. On the cheapest unit at AED 815K that is AED 163,092.

How much do I pay before I get the keys to Reef 998?

100% of the price, the payment due on handover day included. On the cheapest unit at AED 815K that is AED 815K by handover in Q2 2028.

Does Reef 998 have a post-handover payment plan?

No. The published plan completes at handover in Q2 2028.

What are the registration fees on Reef 998?

The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 815K that is AED 32,618. 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 998?

REEF Luxury Developments publishes Q2 2028, which is 21 months from now.

REEF Luxury Developments · Dubailand Residence Complex · handover Q2 2028

Reef 998 payment plan

Reef 998 by REEF Luxury Developments in Dubailand Residence Complex, Dubai is sold on a 20/21/59 payment plan. On the cheapest unit, starting from AED 815K, that is AED 815K (100%) paid by handover in Q2 2028. Handover is 21 months away.

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The Reef 998 payment plan in dirhams

Payment plan as published by the developer

Stage	Share
On booking	20%
During construction	21%
Upon Handover	59%

On the cheapest unit (Studio–3 BR, AED 815K)

On booking	AED 163,092
During construction	AED 171,247
Upon Handover	AED 481,123
Total (100%)	AED 815,462
Months to handover	21

Percentages as published by REEF Luxury Developments. Dirham figures are those percentages applied to the published starting price of AED 815,462. Registration and other fees are not included.

The Reef 998 instalment schedule, line by line

REEF Luxury Developments publishes 2 payment plans for Reef 998. Each is shown as published, with every instalment and the charges listed alongside it.

Plan 1 of 2: Payment Plan 60/40

Published by REEF Luxury Developments

Stage	Instalment	Share	On AED 815,462
On booking20%	ON Booking	20%	AED 163,092
	Registration Feesfee	fixed	AED 2,625
	DLD Feefee	4%	AED 32,618
During construction21%	1st Installment to 21st Installment	21 × 1%	AED 8,155 each
Upon Handover	as published	59%	AED 481,123
Total of the plan		100%	AED 815,462

Lines marked fee (Registration Fees, 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: Post Handover Payment Plan

Published by REEF Luxury Developments

Stage	Instalment	Share	On AED 815,462
On booking20%	On Booking	20%	AED 163,092
	Registration Feesfee	fixed	AED 2,625
	DLD Feefee	4%	AED 32,618
During construction21%	1st Installment to 21st Installment	21 × 1%	AED 8,155 each
On completion	as published	29%	AED 236,484
Within 30 months PH30%	1st Installment to 30th Installment	30 × 1%	AED 8,155 each
Total of the plan		100%	AED 815,462

Lines marked fee (Registration Fees, 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 815,462. Fixed charges are printed as published. Registration with the Land Department is shown separately below.

What each unit size pays at Reef 998

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 (21%)	Upon Handover (59%)
Studiofrom 477 sq ft	AED 815,462	AED 163,092	AED 171,247	AED 481,123
1 bedfrom 478 sq ft	AED 875,549	AED 175,110	AED 183,865	AED 516,574
2 bedfrom 1,002 sq ft	AED 1,487,024	AED 297,405	AED 312,275	AED 877,344
3 bedfrom 1,397 sq ft	AED 2,048,804	AED 409,761	AED 430,249	AED 1,208,794

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 998

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 815,462	AED 32,618
1 bed	AED 875,549	AED 35,022
2 bed	AED 1,487,024	AED 59,481
3 bed	AED 2,048,804	AED 81,952

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 998

Reef 998 payment plan: questions buyers ask

What is the payment plan for Reef 998?: Reef 998 by REEF Luxury Developments is sold on a 20/21/59 plan: 20% on booking, 21% during construction, 59% upon handover, as published by the developer.
How much is the booking amount for Reef 998?: 20% of the price. On the cheapest unit at AED 815K that is AED 163,092.
How much do I pay before I get the keys to Reef 998?: 100% of the price, the payment due on handover day included. On the cheapest unit at AED 815K that is AED 815K by handover in Q2 2028.
Does Reef 998 have a post-handover payment plan?: No. The published plan completes at handover in Q2 2028.
What are the registration fees on Reef 998?: The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 815K that is AED 32,618. 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 998?: REEF Luxury Developments publishes Q2 2028, which is 21 months from now.