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Dubai Islands, Dubai·REEF Luxury Developments

REEF 997

AED 2.05M
1–4
Bedrooms
2028-03-31
Handover
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About This Project

REEF 997 is a 63-residence waterfront development by REEF Luxury Developments on Dubai Islands. The project offers one- and two-bedroom apartments, three-bedroom duplexes and a four-bedroom penthouse. Its defining concept is REEF’s patented outdoor-cooling technology: the developer describes outdoor-cooled shared amenities, sunken balconies and winter gardens designed to make private and communal outdoor areas more usable through Dubai’s warmer months. Exact project-wide size and bathroom ranges were not published consistently in the current official material, so those fields remain blank. The amenity programme includes an infinity swimming pool, outdoor-cooled cinema, gym, cooled children’s area, hammock forest and BBQ space, alongside the cooled balcony and winter-garden concept within residences. The developer’s location guide places Waterfront Market at about five minutes, Dubai Frame at about ten minutes, Dubai International Airport at about 15 minutes, Burj Khalifa at about 20 minutes and Palm Jumeirah at about 25 minutes. These are indicative driving times and vary with traffic. REEF’s official page advertised a starting price from AED 2,046,448 when checked on 24 October 2026. It presents two payment approaches, labelled 50/50 on handover and 45/5/50 post-handover. Because the public summary does not expose every instalment milestone, buyers should request the exact schedule for the selected unit. Property Finder currently indicates March 2028 delivery. Price, availability, plan terms and completion remain subject to the developer’s written offer and sale agreement. No promised ROI or rental yield is included. Official project renders are visible on the developer site, but reference access alone does not establish republication rights. The 3G listing therefore keeps media empty and relies on the neutral placeholder pending a rights-cleared project-media package.

Amenities

Patented outdoor-cooled amenities
Infinity swimming pool
Outdoor-cooled cinema
Gym
Cooled children’s area
Hammock forest area
BBQ area
Cooled sunken balconies
Winter gardens

Related Keywords

REEF 997REEF Luxury DevelopmentsDubai Islands

Key Features

Theme
Apartment, duplex and penthouse
Unique
Dubai Islands, Dubai
Price
AED 2.0M

Property Documents

Request available documents for this property

Investment Potential

N/A
Published ROI Estimate
N/A
Published Rental Yield
Property Price: AED 2.05M

Published estimates are not guaranteed returns. Verify current rents, costs, vacancy and market evidence independently.

May be relevant to property-based residency criteria; verify current rules

Payment Plan

Developer advertises 50/50 on handover and a 45/5/50 post-handover option; exact milestone schedule is unit-specific
The published plan is shown exactly as supplied. Contact 3G for the current verified installment schedule.

Dubai transaction and registration charges may apply. Confirm the current authority fees and payment terms before purchase.

Project Status

Planning
Project design & approvals
Construction
Building in progress
Handover
Ready for move-in
Expected Handover
2028-03-31

Frequently Asked Questions

Who is developing REEF 997?

REEF 997 is developed by REEF Luxury Developments on Dubai Islands.

What residence types are offered?

The developer lists one- and two-bedroom apartments, three-bedroom duplexes and a four-bedroom penthouse.

What makes REEF 997 distinctive?

The developer’s patented concept applies outdoor cooling to shared amenities, sunken balconies and winter gardens.

What amenities are included?

Published facilities include an infinity pool, outdoor-cooled cinema, gym, cooled children’s area, hammock forest and BBQ area.

What payment options are advertised?

REEF advertises a 50/50 option and a 45/5/50 post-handover option. Exact milestones should be confirmed for the selected unit.

When is handover expected?

The current project record indicates March 2028, subject to the contractual completion date.

Contact Expert

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Mortgage Calculator

Property Price
AED 2,046,448
Down Payment25% (AED 511,612)
Interest Rate3.7% p.a.
Loan Term25 years
Loan AmountAED 1,534,836
Monthly PaymentAED 7,849
Total InterestAED 819,864

* Estimate based on 3.7% p.a. rate. Actual rates may vary (3.4-4.2%).

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RERA Registration

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Quick Info

Project statusOff Plan
TypeApartment, duplex and penthouse
Payment PlanDeveloper advertises 50/50 on handover and a 45/5/50 post-handover option; exact milestone schedule is unit-specific
Handover2028-03-31
DeveloperREEF Luxury Developments
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