Developer Deal
From
AED 723,585
Handover
Q3 2028
Payment Plan
70/30
Down Payment
20%
Back to Developer DealsDeveloperReef Luxury DevelopmentView developer profile
Reef 997
Dubai Islands, Dubai, UAE
DeveloperReef Luxury DevelopmentView developer profileDLD Waiver
—
Discount
—
Handover
Q1 2028
Post Handover
—
Payment Plan
60%
40%
20% down
About Reef 997
Reef 997 is an extraordinary residential project on Dubai Islands, setting a high standard for modern beachfront living. Offering a rare collection of residences, it features stylish 1 and 2 bedroom apartments, spacious 3 bedroom duplexes, and a signature 4 bedroom penthouse. Each home is carefully designed with high ceilings, panoramic windows, and premium finishes that combine timeless elegance …
Project documents
Floor plans
Master plans
Payment schedule
Main
- Deposit
- 20%
- During construction
- 40%
- On handover
- 40%
Market Intelligence
Completed transactions in Dubai Islands
Median sale price/sqft
AED 1,934/sqft-15.6%
Median sale price
AED 3,615,392
Gross rental yield
0.8%
Median annual rent
AED 29,791
Median price/sqft over time
Jan 24Range AED 1,423 – AED 2,567Dec 24
Community activity
LiquidityStrongPrice momentumFalling
1,922 sales and 18 rentals in the last 12 months
Primary vs resale
Primary 63%Resale 37%
Recent transactions
| Date | Building | Beds | Area | Price | AED/sqft |
|---|---|---|---|---|---|
| 2024-12-31 | Zephyra Residences | 1 | 763 sqft | AED 1,585,253 | 2,079 |
| 2024-12-31 | Zephyra Residences | 1 | 763 sqft | AED 1,585,253 | 2,079 |
| 2024-12-30 | Azura Residences | 1 | 847 sqft | AED 1,669,858 | 1,971 |
| 2024-12-30 | Haven Bay | 2 | 1,252 sqft | AED 2,614,000 | 2,087 |
| 2024-12-30 | Bay Villas | 4 | 5,541 sqft | AED 10,200,000 | 1,841 |
| 2024-12-30 | Dubai Islands | — | 33,153 sqft | AED 28,500,000 | 860 |
Estimates are based on completed transactions and are not an official valuation. Data as of 2024-12-31.
Request the full payment plan for Reef 997
Our team will send you the complete payment schedule, floor plans and current offer from Reef Luxury Development.
- • Full payment plan + down payment
- • Available unit types and launch prices
- • Early-bird offers before public launch
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Frequently asked questions about Reef 997
- What is the handover date for Reef 997?
- Reef 997 is scheduled for handover in Q1 2028.
- What is the starting price of Reef 997?
- Prices start from AED 2,184,591. Contact our team for current availability.
- Who is the developer of Reef 997?
- Reef 997 is being developed by Reef Luxury Development.
- Where is Reef 997 located?
- Reef 997 is located in Dubai Islands, Dubai, UAE.