Project profile
997 Residences by Reef Luxury Development Project · Dubai Islands · prices, sales and rents
Registered prices, construction progress and the record across its buildings.
Developer: Reef Luxury Development
Data to 5 November 2026
- Registered sales
- 20
- Last 12 months
- Median off-plan price
- AED 2,611
- Per sq ft
- Construction progress
- 4.9%
- DLD end date Mar 2028
Dubai Land Department lists the project as under construction, 4.9% complete, with a DLD end date of 30 March 2028. In the last 12 months, Dubai Land Department registered 20 sales in 997 Residences by Reef Luxury Development, worth AED 46M in total. The median off-plan price was 2,611 AED/sqft.
Source: Dubai Land Department open data, published on Dubai Data under the Dubai Data Open Data Licence: registered sales and new rent contracts. Medians use at least 5 transactions.
A project, in progress.
Under construction
- Start
- 15 July 2025
- DLD end date
- 30 March 2028
- Units
- 63
- Buildings
- 1
DLD progress 4.9% (register read on 1 November 2026); 48% of the registered period (15 July 2025 to 30 March 2028) has passed.
997 Residences by Reef Luxury Development is not handed over yet. CraneScore follows its construction progress, DLD end date and handover. 997 Residences by Reef Luxury Development on CraneScore
Launch and latest registrations.
- Launch price
- AED 2,628
- First 90 days from Nov 2025, 6 home sales
- After the first 90 days
- AED 2,599
- 14 home sales
- Change
- -0.2%
- Same home types, AED/sqft
Launch price is the median AED/sqft of off-plan home sales in the first 90 days after the first of them was registered, against the median of the project’s home sales in the last 12 months, ready and off-plan, leaving out any from those 90 days; plots and whole buildings count on neither side. The change compares the two periods home type by home type (class and bedrooms, at least 5 sales of a type on both sides), weighted by the later sales, so a shift from studios to larger homes does not read as a change in price; it is shown where those types hold at least 60% of the later sales. The two medians count every home sale, so their mix can differ.
997 Residences by Reef Luxury Development registered prices, over time.
Median registered price, AED per sq ft
Too few registered sales for a monthly price trend.
What does each home type sell and rent for in 997 Residences by Reef Luxury Development?
Apartment · 1 bed
- Median price, all sales
- AED 2.1M
- AED/sqft
- 2,628
- Sales
- 16
Last 12 months. Prices are medians of at least 5 registered sales, ready and off-plan together.
Service charges.
In the area report.
The Dubai Islands area report ranks the area’s projects by sales, each with its own owners’ association budget per sq ft a year where it publishes one, beside the area median by budget year.
See the Dubai Islands area reportThe latest registered sales in 997 Residences by Reef Luxury Development.
| Date | Unit | Size | Price | AED/sqft |
|---|---|---|---|---|
| 22 Sep 2026 | Apartment · 1 bed · Off-plan | 834 sqft | AED 2,280,164 | 2,734 |
| 25 Jun 2026 | Apartment · 2 beds · Off-plan | 1,222 sqft | AED 2,885,317 | 2,361 |
| 22 Jun 2026 | Apartment · 2 beds · Off-plan | 1,222 sqft | AED 2,950,155 | 2,414 |
| 17 Jun 2026 | Apartment · 1 bed · Off-plan | 778 sqft | AED 1,878,339 | 2,414 |
| 4 Jun 2026 | Apartment · 1 bed · Off-plan | 834 sqft | AED 2,257,363 | 2,707 |
| 19 May 2026 | Apartment · 1 bed · Off-plan | 834 sqft | AED 2,109,896 | 2,530 |
| 18 May 2026 | Apartment · 1 bed · Off-plan | 771 sqft | AED 2,189,700 | 2,840 |
| 18 May 2026 | Apartment · 1 bed · Off-plan | 778 sqft | AED 2,031,669 | 2,611 |
| 8 May 2026 | Apartment · 1 bed · Off-plan | 834 sqft | AED 2,167,285 | 2,599 |
| 4 May 2026 | Apartment · 2 beds · Off-plan | 1,216 sqft | AED 2,927,585 | 2,408 |
22 Sep 2026
Apartment1 bedOff-plan834 sqft
AED 2,280,1642,734 AED/sqft
25 Jun 2026
Apartment2 bedsOff-plan1,222 sqft
AED 2,885,3172,361 AED/sqft
22 Jun 2026
Apartment2 bedsOff-plan1,222 sqft
AED 2,950,1552,414 AED/sqft
17 Jun 2026
Apartment1 bedOff-plan778 sqft
AED 1,878,3392,414 AED/sqft
4 Jun 2026
Apartment1 bedOff-plan834 sqft
AED 2,257,3632,707 AED/sqft
19 May 2026
Apartment1 bedOff-plan834 sqft
AED 2,109,8962,530 AED/sqft
18 May 2026
Apartment1 bedOff-plan771 sqft
AED 2,189,7002,840 AED/sqft
18 May 2026
Apartment1 bedOff-plan778 sqft
AED 2,031,6692,611 AED/sqft
8 May 2026
Apartment1 bedOff-plan834 sqft
AED 2,167,2852,599 AED/sqft
4 May 2026
Apartment2 bedsOff-plan1,216 sqft
AED 2,927,5852,408 AED/sqft
Questions about 997 Residences by Reef Luxury Development
What is the price per sq ft in 997 Residences by Reef Luxury Development?
In the 12 months to 5 November 2026, the median registered off-plan sale price was 2,611 AED/sqft.
How many homes were sold in 997 Residences by Reef Luxury Development in the last 12 months?
In the last 12 months, Dubai Land Department registered 20 sales in 997 Residences by Reef Luxury Development, worth AED 46M in total. The median off-plan price was 2,611 AED/sqft. Registered sales to 5 November 2026.
When is 997 Residences by Reef Luxury Development due to be completed?
Dubai Land Department lists the project as under construction, 4.9% complete, with a DLD end date of 30 March 2028. An end date is the date in the DLD register, not a handover forecast.
Where do these figures come from?
From Dubai Land Department open data, published on Dubai Data, to 5 November 2026: registered sales, new rent contracts and the project register. They are registered sales, not a valuation, and not investment advice.
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