Reef Residence - Jumeirah Village Circle

Reef Residence is an under-construction, high-rise apartment building in Jumeirah Village Circle. Reef Residence consists of 378 apartments comprising of studio, 1 and 2 bedroom units. Units within the tower have views of the skyline, community views or views towards Dubai Sports City. The project's construction has commenced and completion is scheduled for mid of 2017.

Master Community: Jumeirah Village Circle
Property Types Available: Apartments
Location: Mohammad Bin Zayed Road, Al Khail Road
Cluster: District 13
Status: Under Construction
Year Launched: 2015
Estimated Completion Date: April 2017
Developer: Reef Real Estate Investments LLC
Architect: National Engineering Bureau
Contractor: Gulf Technical Contracting Company LLC
Title Type: Freehold
Quality Classification: Mid-end
Height Classification: High-rise
Life Cycle: Under Contruction
Under-Construction Apartments: 378
Floors: 38

Lookup.ae reports prices and transactional information for Jumeirah Village Circle

About Reef Residence

Reef Residence is a 38 storey high-rise building located in Jumeirah Village Circle. The project consists of studio, 1 and 2 bedroom units.

Property Types

  • Studio Apartments built up area range from 468 - 527 sq. ft.
  • 1 Bedroom Apartments built up areas range from 803 - 926 sq. ft.
  • 2 Bedroom Apartments built up areas range from 1,469 - 1,536 sq. ft.

Payment Plan

8% on booking (plus 4% Oqood fees)

12% six months after booking

10% nine months after booking

10% twelve months after booking

10% fifteen months after booking

50% on handover

Project Completion Status (as per DLD): 80.39% (as of May 21, 2017)

Dubai Land Classification & Escrow Account Details:

Land Number: 1334

Project Number: 1587

Real Estate Developer: SAMA ALKHALEEJ REAL ESTATE DEVELOPMENT

Trust Account Number: 10234748159001

Account Trustee Name: ABU DHABI COMMERCIAL BANK

RERA Permit No:: 11045

Brokerage Firm: Taktical Realty Group LLC

Positives of Reef Residence

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