Dubai, UAE, 21st November 2024 – Reef Luxury Developments, a leader in innovative real estate solutions, announced today that its highly anticipated residential project, REEF 1000, located in the Dubai Land Residential Complex, has sold out on the first day of its launch.
With a value of AED 175 million, REEF 1000 has generated exceptional demand, especially for its unique, climate-controlled sunken balconies—an exclusive, patented feature that is the first of its kind in the UAE. This innovation transforms outdoor living by creating a comfortable, year-round space for residents, marking a significant milestone in real estate design.
The project includes 125 exclusive residences, ranging from studios (436.15 sq. ft.) to spacious townhouses (1,653.23 sq. ft.), designed to suit a variety of lifestyles. Reef’s innovative payment plan made luxury living more accessible, driving strong buyer interest.
“We are thrilled by the overwhelming response to REEF 1000. This success reflects our vision of blending climate-conscious design with luxurious, sustainable living spaces,” said Samer Ambar, CEO of Reef Luxury Developments.
The project offers a range of cutting-edge amenities, including smart technology, energy-efficient buildings, and communal areas designed for social interaction. Reef Luxury Developments remains committed to making luxury living accessible while promoting sustainability.
Building on the success of REEF 1000, Reef Luxury Developments plans to expand aggressively with 29 new projects set to launch by December 2025. The next development, the REEF Winter Garden in Al Furjan, will continue to highlight the innovative concept of climate-controlled balconies, offering sustainable and community-focused living.
