Reef 997
by Reef Luxury Development

1–2 bedroom apartments, 3-bedroom duplexes, and 4-bedroom penthouses

AED 1,90 mln Starting price
60/40 Payment Plan
Q1 2028 Handover
Reef 997by Reef Luxury Development

Buy apartments, duplexes, and penthouses in Reef 997 by Reef Luxury Development, Dubai

Leave your contact details & reserve your unit today

Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 1,900,000
Location Dubai Islands
Handover Q1 2028
Living Area 776 sq. ft. - 6,264 sq. ft.
Payment Plan 60/40
Bedrooms 1-4 BR
Total amount of units 63
ROI 6–7%

Reef 997 is an ambitious new project by Reef Luxury Development on Dubai Islands. The complex offers a limited collection of 63 exquisite residences

Created by Reef Luxury Developments, Reef 997 is an exclusive building with a very limited number of residences. Its architecture blends contemporary aesthetics with innovative solutions, including patented sunken balconies, winter gardens, and an advanced thermal management system that provides comfortable outdoor activities even in the hottest months. The complex comprises 63 residences, including 59 apartments with 1–2 bedrooms, 3 duplexes with 3 bedrooms, and an exclusive 4-bedroom penthouse. Unit sizes range from 776 sq.ft to 6,264 sq.ft. Completion is scheduled for Q1 2028. Large panoramic windows, spacious terraces, and views of the waterfront and city skyline provide the residences with a sense of space, light, and connection to nature.

Reef 997
About Reef 997

Overview of Reef 997

Step into a world of refined luxury and comfort at Reef 997 on Dubai Islands. Stylish 1–4 bedroom residences await discerning buyers

6–7%

Average ROI

8–9%

Potential ROI

icon

Community

Dubai Islands is a flourishing coastal community that combines an elite residential environment with a rich infrastructure and diverse entertainment options. Landscaped beaches, promenades, parks, and a marina adorn its shores. Key attractions include Souk Al Marfa, a vibrant shopping and entertainment market along the waterfront, and Deira Mall, a premier destination for shopping and leisure. Culinary options include restaurants within the beach resorts, cafes within the market, seafood clubs, and bars overlooking the waterfront.

In terms of educational institutions and social amenities, Dubai Islands boasts existing and planned schools and nurseries. The Elite English School, Al Ittihad Private School Mamzar, Sabari Indian School, and Little Flower English School are easily accessible. Medical care is provided by major mainland hospitals, such as Dubai Hospital, while other clinics are within a 10–15 minute drive. All this makes Dubai Islands a perfect option for families and those who value comfort, accessibility, and a premium lifestyle.

icon

Interior

The interiors of Reef 997 are crafted in a contemporary coastal minimalist style, emphasising light, space, and a connection to nature. The palette, including neutral shades of cream, warm white, soft grey, and natural beige, creates a feeling of lightness and tranquillity. Accents of matte dark hardware and metallic details create a sophisticated contrast.

Premium materials from international brands are used in the finishing. Kitchens feature built-in Bosch appliances, bathrooms come with Grohe sanitary ware, and facades and windows are constructed from durable Gutmann aluminium. Thoughtful architectural details, such as recessed balconies and winter gardens, allow year-round views of the Arabian Gulf and the city skyline, even in the hottest months, ensuring comfort and privacy.

icon

Infrastructure

Residents of Reef 997 enjoy the fully developed infrastructure of Dubai Islands, where everything necessary for daily life is within easy reach. Dining options include Maharaja Bhog, Skye & Walker Healthy Food, and Farmhouse Cocktails & Cuisine, all within a 5–10 minute drive. Big Mart, Al Shams, and Souk Al Marfa supermarkets are available for daily shopping.

Promenades, bike trails, and green spaces provide opportunities for recreation and leisure walks. Families with children will appreciate the proximity of educational institutions. The Elite English School, Al Ittihad Private School Mamzar, Sabari Indian School, and Little Flower English School are all within a 10–15 minute drive. For shopping and entertainment, Dubai Islands Mall offers boutiques, cinemas, and dining options, as well as The Night Market with a variety of waterfront cafes and shops. This infrastructure makes Reef 997 a convenient and attractive location for living and investing.

Overview

Are you looking for a profitable investment option?

Amenities of Reef 997

Future residents of Reef 997 will have access to premium amenities, including:

Infinity pool and children's pool

Infinity pool and children's pool

Gym

Gym

Outdoor cinema theatre

Outdoor cinema theatre

Jacuzzi
Exclusive sunken balconies
Yoga deck
Baha shelf
Pool cabana
Landscaped gardens with hammocks
BBQ zone
Children's playground
Yoga studio
Shower area
Gallery

Floor Plans of Reef 997

Property Type
Bedrooms
Area
Starting Price
Apartments
1 Bedroom
AED 1,900,000
1 Bedroom Apartments
AED 1,90 mln
Bedrooms Bedrooms1
Bathrooms Bathrooms1

Are you looking for a profitable investment option?

We will help you get an asset that is growing in value

Apartments
2 Bedrooms
from 1,379 sq. ft.
AED 2,988,247
2 Bedrooms Apartments
AED 2,99 mln 1,379 sq. ft.
Bedrooms Bedrooms2
Bathrooms Bathrooms2

Are you looking for a profitable investment option?

We will help you get an asset that is growing in value

Duplexes
3 Bedrooms
from 2,535 sq. ft.
AED 6,436,982
3 Bedrooms Duplexes
AED 6,44 mln 2,535 sq. ft.
Bedrooms Bedrooms3
Bathrooms Bathrooms4

Are you looking for a profitable investment option?

We will help you get an asset that is growing in value

Penthouses
4 Bedrooms
from 6,264 sq. ft.
AED 19,813,378
4 Bedrooms Penthouses
AED 19,81 mln 6,264 sq. ft.
Bedrooms Bedrooms4
Bathrooms Bathrooms4

Are you looking for a profitable investment option?

We will help you get an asset that is growing in value

Floor Plans

Payment Plan of Reef 997

The developer offers a flexible 60/40 payment plan with a 20% down payment. The next 40% is paid during construction, and the remaining 40% upon completion of the complex

0% Comission
Direct Sales

Types of Payment Plan

Down Payment 20% On Booking
1st Instalment 5% 90 Days
2nd Instalment 5% 180 Days
3rd Instalment 5% 270 Days
4th Instalment 5% 360 Days
5th Instalment 5% 450 Days
6th Instalment 5% 540 Days
7th Instalment 5% 630 Days
8th Instalment 5% 720 Days
9th Instalment 40% Handover in Q1 2028
Learn More
Payment Plan

About Our Approach to Work — Alcenza

At Alcenza Properties, we present the best properties in Dubai, whether for permanent residence or investment. Our team handles every aspect of the process, including transactions, documentation, legal issues, and logistics. This ensures you can focus on your daily life without wasting time on organizational matters.

Step 1.

Initial
Consultation

Our agent will arrange a personal meeting or discuss everything in a format that suits you best. During this consultation, you will outline your goals, be it residence, investment, visa acquisition, or other needs. We will provide you with the most optimal solutions.

Step 2.

Finding the Best Property

Based on your budget and investment goals, we will present a selection of real estate options, including off-plan, primary, and secondary market properties. We will handle all communication with a developer or private owner.

Step 3.

Communication With a Seller

We act as the liaison between you and the seller. From verifying documentation to organizing meetings and monitoring every stage of the transaction, we manage the whole process.

Step 4.

Legal Documentation and Management

Our team ensures the smooth and transparent transfer of property rights through the Dubai Land Department (DLD). We assist with visa applications and offer property management services.

15+
With extensive expertise in the UAE and European real estate markets, we are ready to offer you the most profitable solutions. We guarantee transparency and security at every stage of your transaction.
30%+ Profit From Resale
Our clients have achieved profits of up to 30% within just two years by reselling properties with our guidance.
200+ Exclusive Listings
Gain access to unique investment opportunities and real estate properties that are not publicly listed.
Reef 997
About Us

Economic Appeal of Reef 997

Reef 997 offers a unique combination of luxury living and strong investment potential. Its affordability, coupled with exceptional comfort, makes it an appealing choice for discerning buyers

Get Full Investment Details

ROI 6–7%

Upon completion, owners can generate stable rental income, as Dubai Islands is rapidly developing. Units here are in demand among tourists, expats, and business travellers. The limited supply of luxury residences and the prestigious coastal location create favourable conditions for property appreciation. This makes Reef 997 a reliable asset for long-term investment and profitable resale after construction.

In Q4 2025, the minimum price for a 1-bedroom apartment at Reef 997 is AED 1.9M (USD 517K). Luxury 3-bedroom duplexes are available starting at AED 6.3M (USD 1.7M).

icon

for rent

The projected ROI for apartments at Reef 997 is 6–7%, ensuring significant potential for passive income through rentals after completion.

icon

for living

Living at Reef 997 allows you to enjoy the comfort of first-class amenities and unique architectural features. These include climate-controlled outdoor areas, patented sunken balconies, and winter gardens, providing natural light and fresh air while remaining protected from the heat. The complex offers only 63 residences, so here residents will enjoy privacy, a sense of exclusivity, and thoughtfully designed spaces.

icon

for resale

Buying off-plan property in Dubai allows buyers to acquire a home below market value, creating the potential for a 10–15% return on resale after completion.

UAE Golden Visa

Residence Visa

When purchasing a property from AED 2M (USD 545K), you can apply for a 10-year Golden Visa. This visa is renewed as long as you maintain ownership of the property.

Visa for Your Family

Your family members, including your spouse and children, can also get a Golden Visa. Once you receive a residence visa, you can continue your studies in the UAE, enjoy tax benefits, and conduct business in the country.

passport

Project Materials of Reef 997

Project Materials

About Developer Reef 997

Reef Luxury Developments is a dynamic Dubai-based developer setting new standards in premium real estate through innovation

Led by Samer Ambar, the company has introduced technologies unique to the region, such as patented sunken balconies with climate control and cooled exterior zones, allowing comfortable outdoor living year-round. Reef Luxury Development prioritises sustainability, technology, attention to detail, and the creation of luxurious, functional spaces that provide high value for residence and investment.

Location of Reef 997

Reef 997 is located on the prestigious Dubai Islands, where the serenity of island living merges seamlessly with convenient access to the emirate

Modern road interchanges and bridges allow residents quick access to key destinations. Deira Waterfront and Dubai Creek Harbour are within a 10–15 minute drive, and Downtown Dubai is about 15 minutes away. International airports are also nearby. Dubai International Airport (DXB) is approximately 20 minutes away, and Al Maktoum International Airport (DWC) is 35–40 minutes away. The community's well-developed infrastructure, including highways, marinas, and planned water routes, provides residents of Reef 997 with easy access to beaches, restaurants, shopping malls, and top attractions of the emirate.

Sights & Attractions

Dubai Islands
Marina

icon 5 min

Al Mamzer Beach

10 min

Bowling Centre

15 min

Healthcare facilities

Dubai
Hospital

icon 10 min

Britemed Clinic LLC

10 min

Metro Clinic

10 min

Educational institutions

Tiny Tots
Nursery

icon 5 min

Spectrum Nursery

5 min

Al Ittihad Private School

10 min

Transportation

Dubai International
Airport

icon 15 min

Souk Al Marfa Marine Transport Station

5 min

Al Maktoum International Airport

40 min

General FAQs

Everything you need to know about the Reef 997. Can't find an answer?

Ask a Question

Where is the location of Reef 997?

The complex is located on the picturesque Dubai Islands.

Who is the developer of Reef 997?

The project was created by Reef Luxury Development.

What are the property types in Reef 997?

The complex includes a total of 63 residences, including 59 apartments with 1–2 bedrooms, three duplexes with 3 bedrooms, and an exclusive 4-bedroom penthouse.

What is the property size in Reef 997?

Residences range in size from 776 sq.ft to 6,264 sq.ft.

What are the available amenities in Reef 997?

Amenities include an infinity pool, a children's pool, a jacuzzi, exclusive sunken balconies, a yoga deck, a baja shelf, a poolside cabana, landscaped gardens with hammocks, a barbecue zone, a children's playground, a gym, a yoga studio, an outdoor cinema, and a shower area.

What are the available views in Reef 997?

Large panoramic windows and expansive terraces provide breathtaking views of the Arabian Gulf and city skyline, filling the residences with light, space, and a seamless connection to nature.

Is Reef 997 a good investment in Dubai?

Upon completion, owners can benefit from stable rental income, as Dubai Islands rapidly develops and attracts tourists, expats, and business travellers. The limited supply of luxury residences and the prestigious coastal location create favourable conditions for property appreciation.

Is Reef 997 a good place to live?

Life at Reef 997 offers first-class amenities and distinctive architectural features. These include climate-controlled outdoor areas, patented sunken balconies, and winter gardens, allowing residents to enjoy fresh air and natural light while remaining protected from the heat. With only 63 residences, the complex ensures privacy, exclusivity, and well-designed living spaces.

Properties you might also like

Sea Cliff by Imtiaz Developments
50/50 Payment Plan
Handover Q1 2028

from AED 2,000,000

ROI 6–7%

Apartments
Duplexes
Ventone by AYS Developers
60/40 Payment Plan
Handover Q4 2027

from AED 2,200,000

ROI 6–7%

Apartments
Duplexes
CDS Wave by CDS Developments
40/60 Payment Plan
Handover Q4 2027

from AED 1,880,000

ROI 6–7%

Apartments
Duplexes
Penthouses
Flu1d One by Object 1
50/50 Payment Plan
Handover Q4 2028

from AED 1,970,000

ROI 6–7%

Apartments
Duplexes
Aquora by Casa Vista Development
60/40 Payment Plan
Handover Q1 2028

from AED 1,900,000

ROI 6–7%

Apartments
Duplexes
Casagrand Hermina by Casagrand Developers
60/40 Payment Plan
Handover Q1 2028

from AED 1,900,000

ROI 6–7%

Apartments
Penthouses
Meriden Beach Residences by Green Horizon Development
35/65 Payment Plan
Handover Q1 2028

from AED 1,800,000

ROI 6–7%

Apartments
Vue Dorée by Crystal Bay Development
50/50 Payment Plan
Handover Q4 2027

from AED 1,600,000

ROI 6–7%

Apartments
Duplexes
Lia Residences by Avenew Development
50/50 Payment Plan
Handover Q1 2028

from AED 2,200,000

ROI 6–7%

Apartments
Penthouses

Book an appointment with our agent

Register your Interest below for more detailed information

Reef 997
Amirans Kavtaradze

List by

Amirans Kavtaradze

  • 100% free guidance & advice
  • 0% tax on rental income & profit upon sale
  • High returns
  • Flexible payment plan with 0% interest
  • 24/7 support

Reef 997

Starting Price AED 1,90 mln

Payment Plan 60/40

Handover Q1 2028