Dubai: Reef to invest Dh14 billion in the property market, add 5,000 units

Investment Plan

By the end of 2025, Reef Luxury Developments plans to have invested Dh14 billion across 30 different developments in Dubai, delivering 5,000 new residential apartments to the market.

The city’s newest real estate player announced it has built a land bank in multiple locations and plans to start Dh5 billion worth of projects in the next three months. It will provide affordable pricing and soon make its first residential project in Dubai.

Dubai has seen a lot of foreign and local new players entering the property market to cash in on unprecedented demand.

Innovative Features

Temperature-controlled sunken balconies, a developer-patented invention that enables tenants to enjoy year-round outdoor living, will be featured in every apartment in Reef properties.

CEO’s Statement

“We have introduced the first-of-its-kind’ Sunken Balcony’ technology transitioning the real estate industry globally… Our commitment is to create exceptional properties that not only cater to the needs of today’s residents but also anticipate the evolving demands of the future. We are excited to lead the way in shaping vibrant communities that will enrich the quality of life for all,” said Samer Ambar, CEO, of Reef Luxury Developments.

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Research and Development

The developer has spent more than Dh40 million on research and development to expand its capabilities, set the standard for innovation in the real estate sector, and give its clients more excellent value by emphasizing technology and design.