REEF Luxury Developments Unveils REEF 999 in Dubai's Al Furjan

Portfolio | Jan 22, 2025 | Zawya

REEF Luxury Developments Unveils REEF 999 in Dubai's Al Furjan

REEF Luxury Developments has launched a new AED 300 million project in Al Furjan, Dubai. The development, named REEF 999, follows the success of REEF 1000 and features 142 residential units ranging from one-bedroom apartments to exclusive villas with innovative patented designs such as climate-controlled sunken balconies and winter gardens. Scheduled for completion by Q1 2027, the project spans 60,000 square feet and offers numerous amenities including sports facilities, a co-working space, and green areas. CEO Samer Ambar emphasizes the project's investment potential and commitment to sustainability, offering a modern lifestyle with advanced design elements. The development aims to attract both residents and investors with its high ROI prospects and flexible payment plans.

Sectors

  • Real Estate Development
  • Construction
  • Sustainability and Green Building

Geography

  • United Arab Emirates – The project is located in Al Furjan, Dubai which is in the UAE, making this geography relevant.
  • Dubai – Dubai is the specific location of the REEF 999 project within the UAE.

Industry

  • Real Estate Development – The article highlights the launch of a new real estate development project, REEF 999, which is directly related to the real estate development industry.
  • Construction – Reflecting the construction aspects of REEF 999 with its planned infrastructure and building elements.
  • Sustainability and Green Building – The project's emphasis on sustainable practices and green spaces places it within the sustainability sector.

Financials

  • AED 300 million – Total project investment for REEF 999.
  • AED 1,158,000 – Starting price for units in the REEF 999 development.

Participants

NameRoleTypeDescription
REEF Luxury DevelopmentsDeveloperCompanyREEF Luxury Developments is the developer and pioneer of innovative real estate solutions for the REEF 999 project.
Samer AmbarCEOPersonSamer Ambar is the CEO of REEF Luxury Developments and spokesperson for the launch of REEF 999.