REEF 997 Residences by REEF Luxury Developments | Ultra-Luxury Homes on Dubai Islands
REEF 997 Residences by REEF Luxury Developments is an exclusive ultra-luxury residential project on Dubai Islands, limited to just 63 privileged homes. The development features 1–2 bedroom apartments, 3-bedroom duplexes, and a signature 4-bedroom penthouse, distinguished by patented sunken balconies, winter gardens, and world-first climate-controlled outdoor amenities. Residences range from 776 sq. ft. to 6,022 sq. ft., with prices starting from AED 2.026M, offering a rare blend of architectural innovation, privacy, and refined island living for discerning end-users and investors.
60/40
AED 2.0M
2028 Q1
Architectural Elegance
REEF 997 Residences features a sculpted contemporary façade with flowing balconies, soft curves, and refined lighting, creating a visually striking landmark defined by modern island architecture.
FAQ (Frequently Asked Questions)
Who is the developer of REEF 997 Residences?
REEF 997 Residences is developed by REEF Luxury Developments, a Dubai-based boutique developer renowned for delivering innovative, design-led ultra-luxury residential projects with a strong focus on exclusivity and architectural excellence.
Where is REEF 997 Residences located?
REEF 997 Residences is located on Island A, Dubai Islands, a prime emerging waterfront destination. The project is just 5 minutes from Mamzar Beach and Dubai Cruise Terminal, 15 minutes from Dubai International Airport (DXB), and 20 minutes from Downtown Dubai, offering exceptional connectivity across the city.
What types of properties are available at REEF 997 Residences?
The development comprises only 63 exclusive residences, including:
- 1-bedroom apartments
- 2-bedroom apartments
- 3-bedroom duplex residences
- A signature 4-bedroom penthouse
Unit sizes range from 776 sq. ft. to 6,022 sq. ft., designed to cater to both luxury end-users and high-net-worth investors.
- 1-bedroom apartments
What are the prices of apartments in REEF 997 Residences?
Property prices at REEF 997 Residences start from:
- AED 2.026M for 1-bedroom apartments
- AED 2.988M for 2-bedroom apartments
- AED 6.436M for 3-bedroom duplexes
- AED 19.813M for the exclusive 4-bedroom penthouse
Prices reflect the project’s limited inventory, premium location, and world-first design features.
- AED 2.026M for 1-bedroom apartments
What payment plan is available for REEF 997 Residences?
REEF 997 Residences offers a flexible 60/40 payment plan, including:
- 20% on booking
- 5% every 90 days during construction
- 40% on completion, scheduled for Q1 2028
This structure is ideal for investors seeking manageable cash flow during the construction period.
- 20% on booking
When is the handover of REEF 997 Residences?
Construction is progressing as per schedule, with handover expected in Q1 2028.
Can foreigners buy property in REEF 997 Residences?
Yes. REEF 997 Residences is a freehold development, allowing buyers of all nationalities to own property with full ownership rights in Dubai.
Can I obtain UAE residency by buying property in REEF 997 Residences?
Yes. Property buyers may apply for UAE residency visas, subject to meeting the required investment thresholds set by UAE authorities.
What residency visa options are available for investors?
Investors purchasing property at REEF 997 Residences may be eligible for:
- 2-year UAE residency visa for properties valued at AED 750,000 or above
- 10-year UAE Golden Visa for properties valued at AED 2 million or above
Both options allow renewal and family sponsorship.
- 2-year UAE residency visa for properties valued at AED 750,000 or above
Is REEF 997 Residences a good investment?
Yes. With limited supply, world-first climate-controlled outdoor features, and the long-term development vision of Dubai Islands, REEF 997 Residences presents strong potential for rental income and capital appreciation.
Is REEF 997 Residences a good place to live?
Absolutely. The project offers an exceptional lifestyle combining privacy, wellness-focused amenities, contemporary design, and close proximity to the beach, making it ideal for refined island living in Dubai.
What are the advantages of living on Dubai Islands near REEF 997 Residences?
Residents enjoy:
- Easy access to pristine beaches
- Proximity to shopping, dining, healthcare, and leisure destinations
- Fast connectivity to Downtown Dubai, Palm Jumeirah, and major business hubs
- A peaceful waterfront environment with future-ready infrastructure
- Easy access to pristine beaches