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Reef Luxury Development

Reef 997

Dubai Islands · Off-plan
Dubai Islands

Reef 997

Homes
1 to 3 bedroom apartments & duplexes
Handover
Q1 2028
Status
Off-plan
From AED 3M
by Reef Luxury Development

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.

Project details
Developer
Reef Luxury Development
Community
Home types
1 to 3 bedroom apartments & duplexes
Handover
Q1 2028
Project status
Off-plan
Pricing
From AED 3M
Location
Reef 997 sits here, in Dubai Islands, Dubai.
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Dubai Islands in numbers
Sales recorded
5,271
Median price
AED 2.85M
Median price per sqft
AED 2,710
Gross rental yield
4%

Dubai Islands recorded 5,271 registered sales in the 12 months to Sep 2026, at a median of AED 2.85M, or AED 2,710 per square foot. These are Dubai Land Department transactions, not asking prices, so they are what buyers actually paid.

Reef 997 questions
Where is Reef 997 located?
Reef 997 is in Dubai Islands, Dubai, Dubai.
When does Reef 997 hand over?
The developer has scheduled handover for Q1 2028. Off-plan handover dates move. We track the DLD construction reports on this project and will tell you if it slips.
Who is the developer of Reef 997?
Reef 997 is developed by Reef Luxury Development. They currently have 3 projects on the Dubai Land Department off-plan register, which you can see on their developer page. Before you commit to any off-plan purchase we will look at that developer's actual delivery record rather than their brochure.
How much do homes at Reef 997 cost?
Current guidance is From AED 3M. For context, Dubai Islands recorded 5,271 registered sales in the 12 months to Sep 2026, at a median of AED 2.85M. Launch pricing changes by release, so ask us for the live price list and availability rather than working from a published figure.
What types of home does Reef 997 have?
1 to 3 bedroom apartments & duplexes. Floor plans and the unit mix per release come from the developer, and we can send you the current set with what is still available.
Is Dubai Islands a good area to invest in?
On the numbers, Dubai Islands is an active market: 5,271 sales registered with the DLD in the 12 months to Sep 2026 at a median of AED 2,710 per square foot. Volume that high means you can sell again when you want to, which matters more than a headline yield. Whether it suits you depends on whether you want income or capital growth, and we will pull the rental performance for the specific unit type you are considering.
Can foreigners buy at Reef 997?
Any nationality can buy freehold in Dubai's designated freehold areas, with no residency visa or UAE bank account required, and you can complete from overseas by Power of Attorney. A purchase at or above AED 2 million can also qualify you for the 10 year Golden Visa. We confirm the ownership type on this specific project in writing before you pay anything.
What is the payment plan on Reef 997?
Payment plans on off-plan are set by the developer per release and change between phases, so any plan published on a third party site is likely out of date. Your payments go into a RERA-regulated escrow account tied to this project rather than to the developer directly. Ask us for the current schedule, including whether there is a post-handover element.
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