About 997 Residences by Reef Luxury Development
997 Residences by Reef Luxury Development is a residential building by Reef Luxury Developments, in Palm Deira, Dubai. It rises 11 storeys (a ground floor, 2 podium levels and 8 floors), built as a concrete structure with internal and external finishes. The project comprises 63 homes.
Key information
Developer
Reef Luxury Developments
- Expected handover
- TBC
- Status
- Not started
- Location
- Palm Deira, Dubai
- Master project
- Palm Deira
- Construction started
- 2025
- Number of buildings
- 1
- Number of units
- 63
- Registered with DLD
- 04 Sept 2025
- Escrow bank
- First Abu Dhabi Bank
- Escrow account no.
- 1011226141046010
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2025
- Under construction5% complete
- Expected handoverTBC
Construction progress
15 inspection photos from the Dubai Land Department. Latest 27 Aug 2026 at 5% complete.
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Amenities
Physical features recorded on the Dubai Land Department buildings register.
Swimming Pool
Covered Parking
2 Elevators
11 Floors
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
19
Median price
AED 2.2M
Median price / sqft
AED 3K-2%
Off-plan share
100%
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| 1 Bed | 15 | 809 sqft | AED 2.1M | AED 3K |
| 2 Bed | 4 | 1,219 sqft | AED 2.9M | AED 2K |
Price per sqft by year
-2% since 2025AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 25 Jun 2026 | Off-plan | 1,222 sqft | AED 2.9M | AED 2K |
| 22 Jun 2026 | Off-plan | 1,222 sqft | AED 3.0M | AED 2K |
| 17 Jun 2026 | Off-plan | 778 sqft | AED 1.9M | AED 2K |
| 04 Jun 2026 | Off-plan | 834 sqft | AED 2.3M | AED 3K |
| 19 May 2026 | Off-plan | 834 sqft | AED 2.1M | AED 3K |
| 18 May 2026 | Off-plan | 778 sqft | AED 2.0M | AED 3K |
| 18 May 2026 | Off-plan | 771 sqft | AED 2.2M | AED 3K |
| 08 May 2026 | Off-plan | 834 sqft | AED 2.2M | AED 3K |
Unit mix
63 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| 1 B/R | 23 | 771 - 1,051 sqft |
| 2 B/R | 36 | 1,216 - 2,164 sqft |
| 3 B/R | 3 | 2,491 - 2,549 sqft |
| 4 B/R | 1 | 6,262 sqft |
Payment plan
Payment plans are set by Reef Luxury and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Palm Deira, Dubai.
997 Residences by Reef Luxury Development
Dubai, United Arab Emirates
Frequently asked questions
997 Residences by Reef Luxury Development has a planned handover of a date not yet on the register, and the latest DLD inspection puts construction at 5% complete.
