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997 Residences by Reef, Dubai Islands

997 Residences by Reef in Dubai Islands, Dubai is an off-plan project from AED 2.3M, handover 29 Mar 2028, by Reef Luxury Development. Review 1 Bed - 3 Bed across apartments, penthouses, Pre-handover schedule: 60%, Post-handover schedule: 40%, 18 floor-plan signals, amenities and comparable market evidence before requesting current availability.

Dubai Islands, Dubai

From price

AED 2.3M

Bedrooms

1 Bed - 3 Bed

Size range

834 - 2,536 sqft

Handover

29 Mar 2028

Median PSF

AED 2,422

Advisor support

Get latest availability / payment plan

Confirm current prices, unit availability, incentives and payment terms before shortlisting.

Community Intelligence

Location and Nearby: Dubai Islands

Community-level evidence for this project location.

Median sale

AED 44.4M

AED 3,254 / sqft

Recent sales

5,619

1,471 in 3m

Rental benchmark

--

-- / sqft

Off-plan supply

411

tracked projects

About 997 Residences by Reef

997 Residences by Reef is tracked by PropertyStellar as an off-plan opportunity in Dubai Islands, Dubai by Reef Luxury Development. This page combines project data, unit-type ranges, and community market evidence so investors can review the opportunity before requesting current availability. The visible unit mix covers 1 Bed - 3 Bed across apartments, penthouses. Handover is listed for 29 Mar 2028.

Developer: Reef Luxury Development
Unit mix: 1 Bed - 3 Bed across apartments, penthouses
Handover: 29 Mar 2028

Prices and Unit Types

Compare bedroom mix, size and price ranges. Floor-plan buttons appear only where an image is available.

4 unit typesplans available

Apartments

From AED 2.0M

1 Bed

1BR Apartments

Area

776 - 1,061 sqft

Price

AED 2.0M-2.7M

2 Bed

2BR Apartments

Area

1,220 - 2,187 sqft

Price

AED 2.8M-3.5M

3 Bed

3BR Apartments

Area

2,491 - 2,550 sqft

Price

AED 6.2M-6.5M

Penthouses

Price TBC

4 Bed

4BR Penthouses

Area

6,224 sqft

Price

--

Payment Plan

Milestone% value
Pre-handover schedule
60%
Post-handover schedule
40%

Handover and Construction Status

Confirm handover and construction status before booking because developer release schedules and incentives can change.

Handover

29 Mar 2028

Launch

TBC

Construction status

To verify

Last refreshed

16 Jun 2026

Dubai Land Department

Official Project Status

Not enough verified official data is available yet. We will update this section once the evidence is stronger.

Advisor check

Official status

Advisor check

Review status

To verify

Last inspection

22 Jun 2026

Developer record

strong

Area service charge

Dubai Islands Service-Charge Benchmark

DLD Service Charge Index benchmark from official records available for this community.

Details

Median

AED 0.5/sqft/yr

Average

AED 0.5/sqft/yr

Range

AED 0.3/sqft/yr - 0.6/sqft/yr

Records reviewed

3

Service-charge recordYearAED/sqft
Dubai Island - Dubai Island - Dubai Island-A - Under Construction - Residential - Palm Deira2026AED 0.6/sqft
Dubai Island - Dubai Island - Dubai Island-A - Villa - Under Construction - Residential - Palm Deira2026AED 0.5/sqft
Dubai Island - Dubai Island - Dubai Island-A - Vacant - Residential - Palm Deira2026AED 0.3/sqft
Dubai Island - Dubai Island - Dubai Island-A - Under Construction - Residential - Palm Deira2025AED 0.6/sqft

Evidence

Comparable Project Evidence & Trends

Recent project evidence where available, with community benchmark evidence when direct project records are not strong enough yet.

Project-level evidence

Matched sales

32

32 in 12m

Matched median sale

--

-- / sqft

Latest verified sale

TBC

Project-level evidence

Community sales

5,619

1,471 in 3m

Community rent

--

-- / sqft

Period trend series is not available for this community snapshot yet.

Recent Sales

DateBedsTypeSale
25 Jun 20262 BedapartmentAED 2.9M
22 Jun 20262 BedapartmentAED 3.0M
16 Jun 20261 BedapartmentAED 1.9M
3 Jun 20261 BedapartmentAED 2.3M
18 May 20261 BedapartmentAED 2.2M

Recent Rentals

DateBedsTypeRent
22 Jun 20261 BedapartmentAED 150K

Comparable Projects

Comparable projectFromEvidence

Sunset Bay 5 by Imtiaz

Imtiaz Developments

AED 2.3MDirect project evidence

Shoaq

Avenew Development

AED 2.3MDirect project evidence

Luxury Canal Residences

Prestige One Developments

AED 2.3MDirect project evidence

Sunset Bay 4 by Imitiaz

Imtiaz Developments

AED 2.3MDirect project evidence

Haven Living

Metac Properties

AED 2.3MDirect project evidence

Lifestyle & Amenities

Swimming Pool
Jacuzzi
Kids Play Area
Lawn or Garden
Barbeque Area
Data detailscollapsed

Developer

Reef Luxury Development

Project reference

22553

DLD reference

3837

Official status

Advisor check

Service charge

AED 0.5/sqft/yr

Launch

TBC

Handover

29 Mar 2028

Last refreshed

16 Jun 2026

Transaction scope

Direct project evidence

Internal links

Similar Off-Plan Projects

Frequently asked questions

Off-Plan Project FAQ

What is the starting price of 997 Residences by Reef?

997 Residences by Reef starts from AED 2.3M based on the currently available off-plan records.

When is the handover date for 997 Residences by Reef?

997 Residences by Reef handover is listed for 29 Mar 2028.

Who is the developer of 997 Residences by Reef?

997 Residences by Reef is listed by Reef Luxury Development.

What unit types are available at 997 Residences by Reef?

997 Residences by Reef currently shows 1 Bed - 3 Bed across apartments, penthouses.

What payment plan is offered for 997 Residences by Reef?

Pre-handover schedule: 60%, Post-handover schedule: 40%

What amenities does 997 Residences by Reef offer?

997 Residences by Reef amenities include Swimming Pool, Jacuzzi, Kids Play Area, Lawn or Garden, Barbeque Area.

Is 997 Residences by Reef a good investment?

Review the price and payment plan against market evidence: median project PSF is AED 2,422, 32 verified sales rows, 5,619 community sales in 12 months.

Where is 997 Residences by Reef located?

997 Residences by Reef is located in Dubai Islands, Dubai. Compare it with other off-plan projects in Dubai Islands and the community intelligence page before shortlisting.

Are floor plans available for 997 Residences by Reef?

997 Residences by Reef currently has 18 floor-plan signals in the available records.

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