Reef Luxury Development · Dubai Islands · Dubai · United Arab Emirates
Reef 997
Availability and pricing checked 8 Oct 2026. Prices, sizes and counts describe the homes currently released for sale, not the development as a whole.
The essentials
- Available now from
- AED 2,965,980
- Available up to
- AED 7,178,682
- Layouts on offer
- 1 – 3.5 bed
- Available sizes
- 1,061 – 2,536 sqft (98.6 – 236 sqm)
- Service charge
- 25 AED/sqftCharged once a year — about AED 26,525 on the smallest published layout, 1,061 sqft
- Status
- under construction
- Construction started
- July 2025
- Build progress
- 4% complete
- Furnishing
- only kitchen
- Handover
- Q1 2028
- Buildings releasing now
- 1
- Escrow account
- Registered
Reef 997 is being built as apartments and duplexes, in 1 – 3.5 bed layouts.
Payment plan
20 / 20 / 30 / 30AED 593,196 is the booking amount — the reservation deposit, or down payment, that holds the lowest-priced home, then about AED 61,791 a month to handover.
Live availability
6 homes are still unsold — see the price list.
Get the developer’s own price list — unit number, floor, exact size, price and price per square foot for every one.
Arrives in about a minute. No phone call unless you ask for one.
Live availability
| Unit | Floor | Beds | Size | Price | Per sqft |
|---|
Availability moves daily. An advisor will confirm and can place a hold on your behalf.
What does your budget buy here?
Set a figure and we will match it against what is still available in this project.
Off-plan mortgages are arranged at handover, against the completed home.
The service charge starts at handover, not at purchase, and the first year is usually pro-rated from the day you collect the keys. In Dubai the budget behind it is filed with the Mollak system each year, so the rate is reviewed once the building is occupied and can move from the launch figure.
You will get the unit number, floor, size and exact price for each — not the whole building.
About this project
Reef Luxury Development
Project general facts
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. The lobby and corridors are thoughtfully designed to create a sense of elegance and welcome from the very first step inside. Each residence is crafted to offer a seamless blend of style and functionality, making every home a sanctuary of refined island living.
Location description and benefits
Dubai Islands is a visionary development that epitomizes the luxurious and innovative spirit of Dubai. Strategically located along the coast, this ambitious project features a collection of five man-made islands designed to offer a blend of residential, commercial, and leisure spaces. Each island is meticulously planned to provide a unique living experience, surrounded by pristine beaches, lush landscapes, and crystal-clear waters.
The islands are connected to the mainland via well-developed infrastructure, ensuring seamless access to the rest of the city. This prime location allows residents and visitors to enjoy the tranquility of island life while being just a short drive away from Dubai's bustling urban centers, including the iconic landmarks and vibrant districts such as Downtown Dubai, Dubai Marina, and Palm Jumeirah. The development includes a range of upscale amenities, including luxury hotels, gourmet dining options, high-end retail outlets, and world-class recreational facilities.
Dubai Islands is designed to cater to a diverse array of lifestyles, offering everything from serene residential communities to dynamic entertainment hubs. The project emphasizes sustainability and innovation, incorporating green building practices and advanced technologies to create a harmonious and eco-friendly environment. With its stunning natural beauty, exceptional amenities, and strategic location, Dubai Islands stands as a premier destination for those seeking an unparalleled lifestyle in one of the world's most dynamic cities.
Layouts
14
1 bed
1,061 sqft
98.6 sqm
AED 2,936,614 – AED 2,965,980
776 – 1,397 sqft
72.1 – 130 sqm
AED 1,338,425 – AED 2,189,700
960 sqft
89.2 sqm
AED 2,681,108
781 sqft
72.5 sqm
AED 2,041,673 – AED 2,184,591
1,061 sqft
98.6 sqm
AED 2,965,980
2 bed
1,915 sqft
178 sqm
AED 4,974,980
2,187 sqft
203 sqm
AED 5,573,767
1,045 – 1,227 sqft
97.1 – 114 sqm
AED 1,572,993 – AED 3,241,929
478 – 1,223 sqft
44.4 – 114 sqm
AED 815,462 – AED 3,238,176
477 – 1,470 sqft
44.3 – 137 sqm
AED 856,374 – AED 3,711,241
1,227 sqft
114 sqm
AED 3,241,929
1,782 sqft
166 sqm
AED 4,675,090
1,492 sqft
139 sqm
AED 4,040,434
3 bed
2,536 sqft
236 sqm
AED 7,178,682
Amenities
13
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
What’s nearby
6
Gallery
12
Good to know
Straight answers from the developer's published terms, checked 8 Oct 2026.
What is the payment plan for Reef 997?
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30 Months PH Payment Plan: 20% on booking, 50% during construction and 30% on handover, with the final tranche spread over 30 months after handover.
How much is the booking amount for Reef 997?
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20% of the purchase price falls due on booking — from AED 593,196 on the lowest-priced home. A bank or a broker may call the same figure the reservation deposit or the down payment; it is one and the same first instalment, and it is paid to the developer rather than to us.
When does Reef 997 hand over?
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Handover is scheduled for Q1 2028. Construction is 4.01% complete.
What do homes in Reef 997 cost?
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Homes currently available start from AED 2,965,980 and range up to AED 7,178,682 for 1 – 3.5 bed homes. These are the prices of the homes released for sale through our live feed today, not the launch prices — earlier and cheaper releases may have sold out.
How much does each bedroom size cost at Reef 997?
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Published starting prices by layout are 1 bed from AED 1,338,425; 2 bed from AED 815,462; 3 bed from AED 7,178,682. Those are the entry price for each size — floor, view and the exact layout move the figure, and the current price list carries the price of every remaining unit.
Is there a price list for Reef 997?
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Yes. Ask for it on this page and the developer’s own price list is emailed to you — unit number, floor, exact size, price and price per square foot for every home still available. 6 homes were unsold at the last check on 8 Oct 2026.
Who is the developer of Reef 997?
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Reef 997 is developed by Reef Luxury Development in Dubai Islands · Dubai · United Arab Emirates.
What is the service charge at Reef 997?
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The published service charge at Reef 997 is 25 AED/sqft, billed once a year. On the smallest published layout, 1,061 sqft, that is roughly AED 26,525 a year. It starts at handover and the first year is usually pro-rated from the day you collect the keys. In Dubai the annual budget behind the charge is filed with the Mollak system, so the figure is reviewed each year once the building is occupied. Checked 8 Oct 2026.
Is my money protected when buying off-plan at Reef 997?
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Reef Luxury Development has registered an escrow account for Reef 997. In the UAE an off-plan instalment is paid into the project’s escrow account rather than to the developer directly, and is released against construction progress the regulator has verified. We do not publish the account number — your sale agreement and the developer’s own payment instructions carry it.
Does buying in Reef 997 qualify for a UAE Golden Visa?
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With homes currently available from AED 2,965,980, homes here meet the AED 2,000,000 property investment threshold for the 10-year Golden Visa. Since February 2026, off-plan and mortgaged purchases can qualify on a certified valuation — our advisors can confirm eligibility for a specific unit.
How the money actually moves — escrow, the 70/30 split, post-handover terms and the fees nobody mentions: our guide to UAE off-plan payment plans.
Every other off-plan project selling above the AED 2,000,000 threshold: Golden Visa property in the UAE. What actually qualifies, and how Dubai and Abu Dhabi differ: our Golden Visa guide.
More of the Reef series
Reef Luxury Development has 3 further releases selling under the same name — same developer and the same brief, at a different phase, price and handover date.
Reef 997 vs Royal Yacht Club Residence
The closest live alternative we hold. Both are still selling, so the two sets of terms can be weighed against each other rather than against a memory.
- Available from
- AED 2,965,980
- AED 2,411,735
- Layouts on offer
- 1 – 3.5 bed
- 1 – 4.5 bed
- Handover
- Q1 2028
- Q4 2027
- District
- Dubai Islands
- Dubai Islands
- Developer
- Reef Luxury Development
- Azimuth Development
- Payment plan
- 20 / 20 / 30 / 30
- 20 / 20 / 60
Figures are the developers' own published terms, checked 8 Oct 2026. A dash means the developer has not published that detail yet — an advisor can ask.
More in Dubai Islands
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