JRE · Joshi Real Estate
Reef 997

Reef 997

Dubai Islands, Dubai
From
AED 3,229,399
Handover
Q1 2028
Enquire
The Project
From
AED 3,229,399
Status
on sale
Handover
Q1 2028
Size
1,220–2,536 sqft
Residences
26
Construction
0% complete
Furnishing
only kitchen
Service charge
25 AED/sqft
Buildings
1

Reef 997 is a boutique residential building by Reef Luxury Development, located on Dubai Islands and scheduled for completion in Q1 2028. The project comprises 26 residences across a single building, with one, two and three-bedroom configurations available, currently offered from AED 3.23 million.

# The building and its position on Dubai Islands

Dubai Islands sits off the Deira coastline, a five-island archipelago that has drawn significant developer and investor attention as the city's northern waterfront matures. Reef 997 occupies a plot within this emerging district, at a scale that sets it apart from the high-density towers that have defined much of Dubai's residential pipeline. Twenty-six units in a single building produces a density closer to a private residence club than a conventional apartment tower.

Construction is at its earliest stages, with a registered RERA escrow account (1011226141046010) confirming the project's regulatory standing. The Q1 2028 completion horizon gives buyers several years of runway, which the market has historically treated as a favourable entry point on Dubai Islands, where infrastructure delivery has been running in parallel with residential supply.

# Residences, layouts and finish

The unit range spans one-bedroom apartments from approximately 776 to 1,061 square feet, two-bedroom residences from around 1,220 to 2,187 square feet, and a three-bedroom duplex at 2,536 square feet. Pricing reflects that breadth: one-bedrooms start from AED 2.04 million at the entry end, two-bedrooms reach AED 5.57 million for the largest configurations, and the three-bedroom is priced at AED 7.18 million.

Kitchens are fitted and equipped with Bosch appliances. Beyond that, residences are delivered unfurnished, which suits buyers who intend to specify their own interiors or engage a designer.

The developer has described high ceilings and panoramic windows as part of the specification. Service charges are set at AED 25 per square foot annually, a figure buyers should factor into yield calculations, particularly on the smaller one-bedroom formats.

# Amenities on the ground and upper floors

The amenity programme is substantial relative to the building's scale. An infinity pool, Jacuzzi, kids' pool and a Baja shelf anchor the aquatic offering, alongside a decking area with cabanas. The landscaping includes a hammock forest area and a vegetable garden, two features that appear with enough specificity to suggest genuine horticultural ambition rather than a marketing flourish.

For residents who want activity options without leaving the building: a gym, yoga area, outdoor cinema, BBQ area and a kids' playground are all listed. The overall configuration favours a lifestyle that hovers between resort and residential, which is consistent with Dubai Islands' broader positioning.

# Distances to key points in the city

Dubai Islands Beach sits approximately 5 kilometres from the project. Dubai International Airport is around 9.8 kilometres away, a proximity that is genuinely useful for frequent travellers and one that the northern corridor tends to underplay against the more publicised distance from Business Bay or Dubai Marina. Century Mall is 6.9 kilometres distant; Downtown Dubai is roughly 20.7 kilometres by road, a commute that grows more manageable as the district's arterial connections improve.

The Dubai Island Marina Slipway, at 7.3 kilometres, matters to buyers who keep a boat or plan to. That is not a demographic afterthought on an island-based development.

# Who this building suits and where it sits in the market

At 26 units, Reef 997 is built for a buyer who places some value on low density. It suits an investor seeking a mid-range entry into Dubai Islands before the district's infrastructure is complete, or an end-user who wants a second home with resort-grade amenity access and a short drive to the airport.

The price-per-square-foot on the larger two-bedroom formats is worth scrutinising against comparable Dubai Islands inventory, but the one-bedroom band offers a more accessible starting point for buyers testing the district for the first time. For GCC buyers who already own on Palm Jumeirah or in Emirates Hills, the northern islands represent a different texture of waterfront living: less built-out, quieter, and carrying more upside tied to a longer horizon.

The Homes

Residences

11 unit configurations available at Reef 997.

1 BR
sqft
Size
1,061
Price (AED)
AED 2,936,614–AED 2,963,614
Price (USD)
$799,622–$806,974
1 BR
sqft
Size
776–836
Price (AED)
AED 2,189,700–AED 2,280,164
Price (USD)
$596,242–$620,875
1 BR
sqft
Size
960
Price (AED)
AED 2,587,338
Price (USD)
$704,516
1 BR
sqft
Size
781
Price (AED)
AED 2,041,673–AED 2,184,591
Price (USD)
$555,935–$594,851
2 BR
sqft
Size
1,915
Price (AED)
AED 4,974,980
Price (USD)
$1,354,657
2 BR
sqft
Size
2,187
Price (AED)
AED 5,573,767
Price (USD)
$1,517,703
2 BR
sqft
Size
1,223–1,227
Price (AED)
AED 3,238,176–AED 3,241,929
Price (USD)
$881,736–$882,758
2 BR
sqft
Size
1,220–1,223
Price (AED)
AED 3,206,115–AED 3,238,176
Price (USD)
$873,006–$881,736
2 BR
sqft
Size
1,470
Price (AED)
AED 3,711,240
Price (USD)
$1,010,548
2 BR
sqft
Size
1,782
Price (AED)
AED 4,675,090
Price (USD)
$1,272,999
3 BR
sqft
Size
2,536
Price (AED)
AED 7,178,682
Price (USD)
$1,954,712
Structure

Payment plan

Payment Plan Option 2
  1. Step 1
    20%
    On booking
  2. Step 2
    30%
    During construction (1% per months)
  3. Step 3
    20%
    Upon Handover
  4. Step 4
    30%
    Within 30 months PH (1% per months)
Payment Plan Option 1
  1. Step 1
    10%
    On booking
  2. Step 2
    50%
    During construction
  3. Step 3
    40%
    Upon Handover
Calculator

Payment plan worked out

Enter a target price to see how the payment stages land against your budget.

Stage%AED
On booking20%AED 645,880
During construction (1% per months)30%AED 968,820
Upon Handover20%AED 645,880
Within 30 months PH (1% per months)30%AED 968,820
Total100%AED 3,229,399
Discuss this plan with an advisor

Indicative only. Your advisor will confirm the final numbers, including 4% DLD, trustee, admin, mortgage and developer-level charges.

Lifestyle

Amenities

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
Setting

Location

Set in Dubai Islands, Dubai. Explore more in our Dubai Islands guide.

Nearby
  • Century Mall6.9 km
  • Dubai Islands Beach5 km
  • Tiny Tots Nursery6.5 km
  • Dubai Island Marina Slipway7.3 km
  • Dubai International Airport9.8 km
  • Downtown Dubai20.7 km
Resources

Documents

Escrow number
1011226141046010
Service charge
25 AED/sqft
Furnishing
only kitchen
Construction start
2025-07-15
Construction end
2028-03-31
Residences
26
Buildings
1
Readiness
0%
Buildings
  • Building

    1, 2 bedroom apartments & 3 bedroom duplexes & 4 bedroom penthouses

Parking
  • 3 BR duplex2 spaces
  • 4 BR penthouse2 spaces
  • 2 BR apartment1 space
  • 1 BR apartment1 space
Questions

Frequently asked

Who is the developer of Reef 997?+

Reef Luxury Development

Where is Reef 997 located?+

Reef 997 is located in Dubai Islands, Dubai, United Arab Emirates.

When is Reef 997 handing over?+

Handover is scheduled for Q1 2028; the project is 0% complete.

What is the price of Reef 997?+

Prices at Reef 997 currently range from AED 3,229,399 to AED 7,178,682.

Is Reef 997 registered with escrow?+

Yes, Reef 997 has escrow number 1011226141046010 with the Dubai Land Department.

Enquire about Reef 997

Request brochure, availability or a viewing.

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