Reef Luxury Developments unveils ‘Sunken Balcony’ concept
The company has acquired a substantial land bank and aims to bring 5,000 residential units to the emirate
Reef Luxury Developments has officially launched in Dubai, and aims to reshape the emirate’s residential landscape through innovative concepts and community focused projects. The firm said that all its apartments will feature temperature-controlled ‘sunken balconies’, an innovation patented by the developer that allows residents to enjoy year-long outdoor living.
The company said it has acquired a land bank that will bring 5,000 residential units to the emirate, with US $1.36bn in projects set to launch over the next three months. By December 2025, Reef Luxury Developments plans to unveil 30 projects valued at $3.81bn. By focusing on launching unique projects in growing communities it aims to ensure both living experience and high return on investment (ROI) for buyers.
Samer Ambar, CEO, Reef Luxury Developments said, “Aligned with the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to establish Dubai as a global hub for innovation, we have introduced the first-of- its- kind ‘Sunken Balcony’ technology transitioning the real estate industry globally.”
He added, “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.”
Reef Development is dedicated to making luxury living accessible. Its properties will be designed with modern amenities that cater to contemporary lifestyles, featuring green spaces, smart technology, energy efficient buildings and communal spaces which encourage social interaction.
To enhance its capabilities, Reef Luxury Developments has invested in research & development to lead the real estate industry with innovation and provide more value to its customers by focusing on technology and design.
