Reef 997
by Reef Luxury Development · Dubai Islands, Dubai
Reef 997 is an off-plan apartments development by Reef Luxury Development in Dubai Islands, Dubai. Prices start from AED 815,462, with 1br – 3br listed and handover expected in Q1 2028.
- Starting price
- AED 815K
- Handover
- Q1 2028
- Down payment
- 20%
- Bedrooms
- 1BR – 3BR
Payment plan 20 / 20 / 60 · Cash today AED 163K
Project data last verified:Project information is compiled from developer materials and Tasqio's tracked database. Comparisons use currently tracked real projects. Methodology
Overview
Reef 997 is an extraordinary residential project, setting a high standard for modern beachfront living. Offering a rare collection of stylish one and two-bedroom apartments, spacious three-bedroom duplexes, and a signature four-bedroom penthouse, each home is carefully designed with high ceilings, panoramic windows, and premium finishes that combine timeless elegance with modern functionality. More than just a residence, Reef 997 is a statement of refined living, offering a serene island retreat with the vibrant heartbeat of Dubai close at hand. The project introduces an unmatched lifestyle with a wide range of world-class amenities designed for relaxation, wellness, and community living. Residents can indulge in an infinity swimming pool, jacuzzi, kids' pool, and beautifully designed decking areas complete with cabanas and a hammock forest. Fitness and wellness are enhanced with a modern gym, yoga area, and even a community vegetable garden for a refreshing touch of nature. Families and friends will also love the outdoor cinema, BBQ areas, and kids' playground. Inside, Reef 997 reflects the highest level of sophistication and comfort, blending international design with luxurious practicality. Kitchens are equipped with Bosch appliances, and modern finishing with high-quality materials is used throughout.
- 20/20/60 payment plan, 20% at booking
- Handover Q1 2028
- Only kitchen
- 35 units
Project facts
Last updated:| Project | Reef 997 |
|---|---|
| Developer | |
| Location | Dubai Islands, Dubai, United Arab Emirates |
| Property type | Apartments |
| Starting price | AED 815,462Fact |
| Price per sqft | AED 1,706Fact |
| Handover | Q1 2028Fact |
| Construction progress | 4%Fact |
| Down payment | 20%Fact |
| Payment plan | 20 / 20 / 60Fact |
| Unit types | 1BR – 3BR |
| Service charge | AED 25 per sqft per yearFact |
| Status | On sale |
Amenities
- Infinity Swimming Pool
- Decking Area
- Hammock Forest Area
- Vegetable Garden
- Gym
- Jacuzzi
- Kids Pool
- Baja Shelf
- Cabana
- Bbq Area
- Outdoor Cinema
- Kids Playground
- Yoga Area
Gallery
Developer materials via Reelly
Investment analysis
MethodologyNot estimated: no rent data for this area yet
Good value · tracked listings
20% at booking
Rental return calculator
Tasqio only estimates rent and short-term income where registered rental contracts exist for the community. That data is not yet connected for Dubai Islands, so no yield is shown for Reef 997. The price, payment plan and handover facts above come directly from the licensed listing feed.
No short-term data for this area
Awaiting pipeline data
Awaiting transaction data
Prices
| Project price / sqft | AED 1,706 | Fact |
|---|---|---|
| Dubai Islands off-plan average | AED 2,450 | Estimate |
| Relative value | -30.4% | Good value |
Starting price history
Launch 15 Jul 2025| 17 Oct 2026 | AED 815,462 | AED 1,706/sqft |
Payment plan
Fact — Licensed data feed- 1On booking
20%
AED 163,092
At booking
- 21st Installment
5%
AED 40,773
10% → 30% construction
- 32nd Installment
5%
AED 40,773
30% → 50% construction
- 43rd Installment
5%
AED 40,773
50% → 70% construction
- 54th Installment
5%
AED 40,773
70% → 90% construction
- 6Upon Handover
30%
AED 244,639
Handover · Q1 2028
- 7During 30 months PH (1% per month)
30%
AED 244,639
30 months post-handover
| Cash needed today (20%) | AED 163,092 |
|---|---|
| Average monthly construction payment (17 months) | AED 9,594 |
| Handover payment (30%) | AED 244,639 |
| Post-handover (30%) | AED 244,639 |
Amounts are calculated from the starting price and the published plan. Exact schedules vary by unit; request the current payment schedule for a specific unit.
Units
| Unit type | Size (sqft) | From |
|---|---|---|
| 1 Bedroom | 776 – 1,397 | AED 1,338,425 |
| 2 Bedroom | 477 – 2,187 | AED 815,462 |
| 3 Bedroom | 2,536 – 2,536 | AED 7,178,682 |
Location
Nearby
| Place | Type | Distance | Drive |
|---|---|---|---|
| Dubai Islands Beach | beach | 5 km | — |
| Tiny Tots Nursery | school | 6.5 km | — |
| Century Mall | mall | 6.9 km | — |
| Dubai Island Marina Slipway | marina | 7.3 km | — |
| Dubai International Airport | airport | 9.8 km | — |
| Downtown Dubai | district | 20.7 km | — |
Road distances and drive times as supplied by the data provider.
Developer
Reef Luxury Development
0 completed projects on record
As a visionary developer in Dubai, Reef Developments is dedicated to transforming living with innovative and practical solutions. Their commitment to provide exceptional value quality and meticulous attention to detail ensures timely delivery and elevates the real estate experience to new heights. They are motivated by their commitment to creating a legacy of pioneering luxury living in Dubai, reshaping the future of real estate through innovation, value and ambition. They bring over 10 years of experience in real estate development. They have collaborated with prominent developers and successfully completed numerous high-profile projects which demonstrate their expertise and commitment to excellence in the industry.
Frequently asked questions
What is the starting price of Reef 997?
Reef 997 starts from AED 815,462 (about AED 1,706 per sqft) as of 17 Oct 2026.
Who is the developer of Reef 997?
Reef 997 is developed by Reef Luxury Development.
When is the handover of Reef 997?
Handover is planned for Q1 2028. Construction is 4% complete according to the latest observation.
What is the payment plan for Reef 997?
The published plan is 20 / 20 / 60 with 20% at booking. At the starting price that is AED 163,092 today, about AED 9,594 per month during construction and AED 244,639 at handover.
Where is Reef 997 located?
Reef 997 is in Dubai Islands, Dubai, in a waterfront position. Nearby: Dubai Islands Beach, Tiny Tots Nursery, Century Mall, Dubai Island Marina Slipway, Dubai International Airport, Downtown Dubai.
What unit types are available at Reef 997?
1 Bedroom from AED 1.34M (776–1397 sqft); 2 Bedroom from AED 815K (477–2187 sqft); 3 Bedroom from AED 7.18M (2536–2536 sqft).
Data sources
- Project information: developer and licensed data provider, observed 17 Oct 2026
- Photos and plans: Developer materials via Reelly
- Area statistics: listing prices from 4 tracked projects, observed 2026-10-17; transaction statistics not yet connected
- Rental and short-term estimates: not shown; no rent basis for this community yet
- Scores: Tasqio Analysis, weight set v1 (25% of inputs available)
Last updated: · View Tasqio methodology · Data sources
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