Reef 997
The facts, verified
About the project
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 internationa
Amenities
Reef 997 payment plan
| Milestone | Share | On AED 2.97M |
|---|---|---|
| On booking | 20% | AED 593K |
| During construction | 20% | AED 593K |
| Upon Handover | 30% | AED 890K |
| During 30 months PH (1% per month) | 30% | AED 890K |
Run your own numbers
Your purchase
| Milestone | When | Amount |
|---|---|---|
| Downpayment (20%) | On booking | AED 593,196 |
| During construction (50%) | ≈ AED 61,791 equivalent per month over 24 months | AED 1,482,990 |
| Handover (30%) | On completion | AED 889,794 |
| DLD fee (4%) | On booking | AED 118,639 |
| Admin / Oqood (est.) | On booking | AED 5,250 |
Reef 997 prices and unit mix
Project documents
Dubai Islands masterplan
Reef 997 location and connectivity
- Century Mall6.9 km
- Dubai Islands Beach5 km
- Tiny Tots Nursery6.5 km
- Dubai Island Marina Slipway7.3 km
- Dubai International Airport9.8 km
Dubai Islands registered prices, against Reef 997
Compare against another launch →About Reef Luxury Development
All their projects →
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…
Schools within reach
Latest published inspection ratings, KHDA (Dubai) and ADEK (Abu Dhabi). Drive times approximate. Full school checker →
Questions investors ask about Reef 997
What is the starting price at Reef 997?
Reef 997 starts from AED 2.97M and runs to AED 7.18M, across 1 bedroom, 1 bedroom, 1 bedroom, 1 bedroom. Prices move with each release; the pack carries the current list.
What is the Reef 997 payment plan?
20% on booking, 20% during construction, 30% upon handover, 30% during 30 months ph (1% per month), worked in dirhams on AED 2.97M in the table above. Every instalment is paid into the project’s regulator-controlled escrow account, with the 4% DLD fee on top at registration.
When is Reef 997 handover?
Reef Luxury Development lists handover for Q1 2028, with the project currently under construction. The project completion checker on this site carries the RERA-inspected percentage for Dubai projects, refreshed monthly, which is the number to read against that date.
Where is Reef 997?
In Dubai Islands, Dubai: Century Mall 6.9 km, Dubai Islands Beach 5 km, Tiny Tots Nursery 6.5 km. The Dubai Islands community guide on this site has the registered prices, rents and schools around it.
Does this qualify for the Golden Visa?
Yes, units from AED 2M qualify for the 10-year Golden Visa, including off-plan with a payment plan in progress. We handle the application as part of the purchase.
Is the project escrow-registered?
Yes, escrow account 1011226141046010. Payments release to the developer only against certified construction progress.
What are the fees on top of the price?
4% DLD registration fee, admin/registration fees, and our brokerage fee is paid by the developer. You pay no commission buying off-plan through Equity Edge.