Price, payment plan and homes
Price per propertyfinder.ae, 1 Oct 2026- Starting price
- AED 2.05M
- ≈ $557K
- Bedrooms
- 1 bed to 4 bed
- 775 – 6,264 sqft · 63 units
- Payment plan
- 20/40/40
- AED 409K to book
- Handover
- Q1 2028
- 0% built per the DLD
Homes and floor plans
63 homes · FreeholdPick a home: the plan and the forecast follow it.
Payment plan · 1-bed apartment
On AED 2.05M- 20% at bookingAED 409K
- 40% during construction, until handover (Q1 2028)AED 819K
- 40% on handover (Q1 2028)AED 819K
Before the keys: AED 1.23M, 60% of the price.
Reef Luxury Development’s own file on propertyfinder.ae, checked 30 Sep 2026
Location · Dubai Islands · Dubai
Nakheel island group off Deira, formerly Palm Deira, with beaches and low-rise apartments.
Forecast
What the 1-bed apartment could be worth
More in Dubai Islands
Compare side by sideAll projects in Dubai Islands
The in-depth review
Why it scores 62
Price per sqft vs registered sales
Dubai Land Department open dataAED 2,612/sqft (est.)
The DLD median for apartments in Dubai Islands is AED 2,795/sqft (as of 10 Nov 2026). This project's figure is our estimate from the listed prices and unit sizes, so no gap is shown here; the score's price factor reads it at half weight, capped at 70. The gap appears once the register shows ten of this project's own sales or the developer states a price per sqft.
How the 62 was scored
8 of 8 factors · 100% of the weight · 10 Nov 2026- 01Price against what buyers actually paidAssessed · weight 25
- 02Developer track recordAssessed · weight 20
- 03Payment planAssessed · weight 10
- 04Location and infrastructureAssessed · weight 15
- 05How big the resale market isAssessed · weight 10
- 06Construction on scheduleAssessed · weight 15
- 07How much is still being built nearbyAssessed · weight 5
- 08The basics on fileAssessed · weight 0
How each factor was measured
Each factor with what it was measured on. Its score and the reasoning are in the full breakdown.
- Price against what buyers actually paid
- Our estimate from its typical home, against the median of 1,153 off-plan sales in Dubai Islands · DLD
- Developer track record
- Our rating
- Payment plan
- 20% down · 40% during construction · 40% on handover
- Location and infrastructure
- Our rating of Dubai Islands, and 5 kinds of places measured from the pin · OpenStreetMap
- How big the resale market is
- 24 resales of finished apartments in Dubai Islands this year · DLD
- Construction on schedule
- 0% built on the DLD register, handover Q1 2028
- How much is still being built nearby
- 3,857 homes sold in Dubai Islands this year, 99% off-plan · DLD
- The basics on file
- Registration or escrow number on file · DLD
Confidence low: the price figure is our estimate from the price and size of the typical home, not a registered or stated price.
60 → 62 10 Nov 2026, resale factorScored since 24 Sep 2026 · 5 score changes
The formula is public: how the Rendr Score works. Our opinion, not investment advice. A figure you believe is wrong: alexk.dxb02@gmail.com.
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The full breakdown behind the 62
Free for 90 days. One sign-up opens everything on the site: the breakdown behind all 1,673 scored projects, the figures and reasons behind the developers' ranking, and rent, a mortgage and fees in every forecast. Nothing to pay.
- All 8 factor scores, with the figure and source behind each
- Score history since 24 Sep 2026 and why each move happened
- Rent, a mortgage and fees in the forecast, year by year
Everything behind the 62, and behind every other score on the site.
- Projects scored
- 1,673
- projects scored
- Factors
- 8
- factors, formula public
- Registers
- ADREC · DLD
- registered sales, not asking prices
Handover date
Q1 2028
Under construction · 0% built, the DLD's projects file (data.dubai, loaded 2026-06-15), 15 Jun 2026
What this means
Also due in 2028 in Dubai Islands: 39 more projects we list
Reef Luxury Development: nothing delivered in the last ten years, none cancelled.
Reef 997 is due to hand over in Q1 2028. Construction is 0% complete according to the DLD's projects file (data.dubai, loaded 2026-06-15) (15 Jun 2026). Handover dates are the developer's own estimate and off-plan schedules move, so confirm the current date in writing before paying anything.
DLD registration status
Verified 1 Oct 2026- Project registration3837
- Escrow accountNot published yet
- Developer licenceNot published yet
Where the figures come from
Check it on dubailand.gov.ae. How to read the DLD register.
Figures from propertyfinder.ae, opr.ae, read 1 Oct 2026, last verified 1 Oct 2026. Construction figure from the DLD's projects file (data.dubai, loaded 2026-06-15), 15 Jun 2026. Launch date from the DLD's projects file (data.dubai, loaded 2026-06-15).
Before you pay: four things to check
1The escrow account
We hold no escrow account number. Ask the developer for it, and check it on dubailand.gov.ae before paying.2The handover date
The listed date is Q1 2028. Ask for the date in the sales agreement.3Today's price list
AED 2,046,448 is a starting price from propertyfinder.ae, 1 Oct 2026. Ask for the unit's own price.4The instalment dates
20% at booking, 40% during construction, 40% at handover. Ask for each payment's date and amount.
About
Reef 997 is Reef Luxury's apartment tower in Dubai Islands, Dubai, with one and two-bedroom apartments from about 775 to 2,187 sq ft, three-bedroom duplexes from about 2,491 to 2,550 sq ft and four-bedroom penthouses from about 6,264 sq ft.
- Developer
- Reef Luxury Development
- Area
- Dubai Islands
- Status
- Under construction
- Sales launch
- 15 Jul 2025
- Total units
- 63
- Storeys
- 9
- Ownership
- Freehold
Amenities
- Yoga room
- Landscaped Gardens
- Cinema
- Gymnasium
- Indoor Swimming Pool
- Jacuzzi & Steam
- Children's Play Area
- Barbecue Area
- Children's Pool
What’s nearby
straight-line distance- Beach1.5 km
- Supermarket or mall4.7 km
- Hospital or clinic5.6 km
- School5.6 km
- Metro or tram stop6.6 km
The nearest of each on OpenStreetMap, Sep 2026.
Reef 997: questions buyers ask
How much does Reef 997 cost?
Prices at Reef 997 start from AED 2,046,448 (about $557K) and reach AED 19,813,378 for 1-bedroom, 2-bedroom, 3-bedroom and 4-bedroom homes, per propertyfinder.ae on 1 Oct 2026.
What is the price per sqft at Reef 997?
The asking price is around AED 2,612 per sqft, our estimate from the listed prices and unit sizes.
When is the Reef 997 handover date?
Reef 997 is expected to hand over in Q1 2028. The project is under construction, 0% built according to the DLD's projects file (data.dubai, loaded 2026-06-15).
What is the Reef 997 payment plan?
Reef 997 is offered on a 20/40/40 plan: 20% on booking, 40% during construction and 40% at handover.
What is the Rendr Score of Reef 997?
Reef 997 scores 62 of 100 on the Rendr Score, fair, as of 10 Nov 2026; 8 of its 8 factors are assessed, 100% of the weight.
Who is the developer of Reef 997?
Reef 997 is being developed by Reef Luxury Development. It sits in Dubai Islands, Dubai.
Is Reef 997 registered with DLD?
Reef 997 is registered with the Dubai Land Department (DLD) under number 3837. Check it at dubailand.gov.ae before you pay.
Changes
Listed 24 Sep 2026 · 3 changes since, last 9 Oct 2026
Construction 0% complete
Source: the DLD's projects file (data.dubai, loaded 2026-06-15), 15 Jun 2026
Sales launch date set to 15 Jul 2025
Source: the DLD's projects file (data.dubai, loaded 2026-06-15)
Payment plan changed to 20/40/40
Source: propertyfinder.ae, opr.ae, read 28 Sep 2026
Listed on the site
Source: propertyfinder.ae, read 24 Sep 2026