REEF 997
Off-Plan

REEF 997

From AED 3.23M·Handover Mar 2028·20% down payment Payment
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AED 3.23M
Starting Price
Mar 2028
Handover
20% down payment
Payment Plan
2 BR · 3 BR
Type

Project Overview

REEF 997 is a prestigious residential complex by REEF Developments, situated on Dubai Islands. The building’s facade features premium aluminum systems by Gutmann, offering visual lightness, timeless elegance, high energy efficiency, durability, and protection against the region’s climate. The structure comprises a ground floor, a two-level podium, and eight residential floors, blending architectural sophistication with functional design. The complex offers exclusive 1- 2 bedroom residences, 3 bedroom duplexes, and a 4 bedroom penthouse. Interiors are meticulously crafted with high ceilings, panoramic windows, and refined finishes. Kitchens are equipped with built-in Bosch appliances, while bathrooms feature advanced Grohe sanitaryware. Residents enjoy an extensive array of amenities: an infinity pool, a kid's pool, a jacuzzi, an outdoor cinema, a fully equipped gym, a yoga area, a children’s playground, a BBQ zone, a communal vegetable garden, and more. A globally patented innovation — climate-controlled sunken balconies and winter gardens ensures year-round comfort in private outdoor spaces. Strategically located on Dubai Islands, REEF 997 offers serene island living with easy access to the city’s landmarks: just 5 minutes to Waterfront Market, 10 minutes to Dubai Creek, approximately 15 minutes to DXB Airport, and within 20–25 minutes to Burj Khalifa, Dubai Mall, Palm Jumeirah, and Dubai Marina.

Project Specifications
DeveloperREEF Luxury Developments
LocationDubai Islands
Unit Types2 BR, 3 BR, Apartments
AreaDubai Islands
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 139,349 / year
Cash-on-Cash
2.2%
Levered cashflow AED 32,778
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 209,911 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
REEF 997 launch basis3,588AED 3.23MCurrent launch / asking basis
Dubai Islands ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubai Islands premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from REEF Luxury Developments.

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Payment Structure

20% down payment

Flexible Payment

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Floor Plans

REEF 997 — 1 Bedroom Floor Plan

Amenities & Lifestyle

Adults Pool
BBQ
Cabanas
Children’s pool
Concierge Service
Covered Kids Play Area
Covered Parking
Infinity pool
Kids Play Area
Landscaped garden
Landscaped park
Leisure areas
Lift
Lobby
Lounge
Meditation zone
Open Kids Play Area
Outdoor Yoga
Outdoor cinema
Parking
Picnic Area
Pool Deck
Recreational areas
Resting Areas
Security and CCTV
Shared Jacuzzi
Shared Pool
Shared gym & fitness
Sitting Area
Smart home
Social zone
Sunken Seating
Terrace Garden
Vegetable Garden
Yoga Area
Yoga studio

Location

Dubai Islands

Nearby Destinations

Dubai Creek — 10 mins
Deira City Centre — 12 mins
Dubai International Airport — 18 mins
Al Mamzar Beach Park — 8 mins
Dubai IslandsDubai IslandsDubai, UAE

Developer Track Record

01

REEF 997 by REEF Luxury Developments

02

Located in Dubai Islands

03

Starting from AED 3,229,399

04

Unit mix includes 2 BR, 3 BR, Apartments

05

Expected handover: Mar 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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