
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.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| REEF 997 launch basis | 3,588 | AED 3.23M | Current launch / asking basis |
| Dubai Islands ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Dubai Islands premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |

























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Astraterra Properties
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Dubai Islands
REEF 997 by REEF Luxury Developments
Located in Dubai Islands
Starting from AED 3,229,399
Unit mix includes 2 BR, 3 BR, Apartments
Expected handover: Mar 2028
Official brochure and PDF marketing materials available
Official render/gallery images available
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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