Developer Deal
Reef 1000
Reef Luxury DevelopmentsFrom
AED 1,463,280
Handover
Q4 2026
Payment Plan
60/40
Down Payment
20%
Back to Developer DealsDeveloperReef Luxury DevelopmentsView developer profile
Reef 997
Dubai Islands, Dubai, UAE
DLD Waiver
—
Discount
—
Handover
Q1 2028
Post Handover
—
Payment Plan
60%
40%
20% down
About Reef 997
REEF Developments is redefining beachfront living, introducing REEF 997 on Dubai Islands. The first building in the world to feature amenities with patented outdoor cooling technology and the fourth building in the world with the patented climate-controlled Sunken Balconies and Winter Gardens. REEF 997 Features Limited 63 Luxury Residences, including elegant apartments, premium duplexes, and crown…
Project documents
Brochures
Not available yet
Payment schedule
Main
- Deposit
- 20%
- During construction
- 40%
- On handover
- 40%
Payment Plan 388
- Deposit
- 20%
- During construction
- 40%
- On handover
- 40%
Main
- Deposit
- 20%
- During construction
- 40%
- On handover
- 40%
- Post-handover
- 0%
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 Developments.
- • Full payment plan + down payment
- • Available unit types and launch prices
- • Early-bird offers before public launch
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Developer Deal
Reef 996
Reef Luxury DevelopmentsFrom
AED 748,819
Handover
Q3 2028
Payment Plan
70/30
Down Payment
20%
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 2,847,341. Contact our team for current availability.
- Who is the developer of Reef 997?
- Reef 997 is being developed by Reef Luxury Developments.
- Where is Reef 997 located?
- Reef 997 is located in Dubai Islands, Dubai, UAE.