- Developer
- Reef Luxury Development
- Area
- Dubai Islands
- Type
- 1BR, 2BR, 3BR
- Handover
- March 2028
In short
Reef 997 is a new-build project by developer Reef Luxury Development, in Dubai Islands. Unit types offered: 1BR, 2BR, 3BR. Handover announced by the developer: March 2028. Announced starting price: AED 2 965 980 (≈ EUR 731,000), for the cheapest unit type; the price of a given unit depends on its size, floor and view.
How the price is paid
The payment plan announced by the developer, step by step
- 30 months post-handover
- On booking
- During construction
- On handover (keys)
- After handover, over 30 months (1% of the price per month)
The developer does not yet detail the share of the price at each stage: your advisor sends you the full schedule before any booking.
Plan text as announced by the developer
30 Months PH Payment Plan : On booking / During construction / Upon Handover / During 30 months PH (1% per month)
What about the yield?
We only publish a yield once it is sourced. Meanwhile, the area page shows you the rents actually registered locally.
What does “verified” mean?
The starting price, payment plan and handover date on this page were last verified on 14 November 2026. Our rule: every page is re-verified at least every 30 days, or we take it off the site. A price can move between two checks: your advisor confirms it in writing before any booking.
Check the project with the DLD
The Dubai Land Department keeps the official register of projects, developers and agencies: everything below can be checked free of charge in its Dubai REST app.
This project is presented in partnership with its developer, based on the developer's official information. Before any payment, check the project's registration and its escrow account in Dubai REST: your advisor does it with you.
Our agency can be checked too: SwissPro360 Real Estate, RERA ORN 53525. Off-plan, your payments are governed by Law 8/2007: they go into the project's escrow account, never to a personal account.