Waterfront view of Reef on Dubai Islands
Off-Plan — Reef Luxury Development

Reef 997
Dubai Islands

A boutique collection of 63 waterfront residences on Dubai Islands. Apartments, duplexes and a full-floor penthouse with sunken balconies, winter gardens and outdoor cooled amenities, on a flexible 40/40/20 payment plan.

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Developer

Reef Luxury Development

Location

Dubai Islands, Dubai

Project Type

Boutique Waterfront Residences

Property Types

Apartments, Duplexes, Penthouse

Starting Price

From AED 2 M

Payment Plan

60/40

Handover

Q1 2028

Ownership

Freehold

Interior living space at Reef Dubai Islands
The Development

Quiet Coastal Living,
Close to the City

Reef 997 is a boutique waterfront development on Dubai Islands by Reef Luxury Development. Its 63 residences range from 1 bedroom apartments to a full-floor penthouse, each planned around water views, natural light and privacy.

Designed for buyers who want a calm island setting without losing easy access to Dubai's business districts, retail and dining, it suits both end users and long-term investors.

01

Only 63 Residences

A boutique, low-density building on the shore of Dubai Islands, with a strong focus on privacy, natural light and a smooth indoor–outdoor flow.

02

Sunken Balconies & Winter Gardens

Patented sunken balconies keep the water views open while adding privacy and wind protection. Enclosed winter gardens give you a usable outdoor room all year.

03

Outdoor Cooled Amenities

Temperature-controlled lounges and open-air zones, positioned by the developer as a first of their kind, so the outdoors stays comfortable through summer.

Note: unit availability, pricing and payment milestones are subject to change based on the official developer release. Speak to our team for the latest cost sheet before reserving a unit.

Floor Plans & Unit Types

Choose Your Home

Apartments, duplexes and a penthouse ranging from roughly 775 to 6,264 sq. ft. Contact Discovery Homes for current availability, floor plans and pricing by layout type.

1 bedroom apartment interior at Reef Dubai Islands

1 Bedroom Apartments

1 Bedroom

775 – 1,061 sq. ft.

From AED 2M

Compact waterfront apartments with sea views and sunken balconies

Enquire About 1 Bed Pricing
2 bedroom apartment living area at Reef Dubai Islands

2 Bedroom Apartments

2 Bedroom

1,219 – 2,187 sq. ft.

From AED 3M

Larger layouts with generous living space and outdoor connection

Enquire About 2 Bed Pricing
3 bedroom duplex at Reef Dubai Islands

Duplexes

3 Bedroom

2,491 – 2,550 sq. ft.

From AED 6.4M

Only three duplexes in the building, built for family living

Enquire About Duplex Pricing
Full-floor penthouse at Reef Dubai Islands

Penthouse

4 Bedroom

6,264 sq. ft.

From AED 20M

A single full-floor penthouse, the largest residence in the project

Enquire About the Penthouse

Unit counts, sizes and prices reflect publicly available project information and may change. Request the latest cost sheet and floor-plan pack from Discovery Homes before reserving.

Compare

Which Residence Suits You?

1 Bed Apartments

Typical Buyer

First-time buyers, investors, holiday-home owners

Key Advantage

Lowest entry price in a waterfront setting

What to Check

Layout type, floor level, view and total cost

2 Bed Apartments

Typical Buyer

Couples, small families, end users

Key Advantage

More space while staying in a boutique building

What to Check

Size range (1,219 – 2,187 sq. ft.), view, price per sq. ft.

3 Bed Duplexes

Typical Buyer

Families wanting a house-like layout

Key Advantage

Multi-level living with only three units available

What to Check

Availability, layout type, price per sq. ft.

Penthouse

Typical Buyer

Ultra-prime buyers and collectors

Key Advantage

Full-floor residence with maximum privacy

What to Check

Final specification, handover terms, resale liquidity

Amenities

Designed Around Open-Air Living

Pools, lounges and gardens built for year-round outdoor comfort, including cooled open-air spaces.

Infinity pool, kids pool and jacuzzi
Outdoor cooled lounges and sunken seating
Gym and yoga area
Kids playground
BBQ area and cabanas
Outdoor cinema
Hammock forest and community vegetable garden
Beach access and waterfront walking paths

Weigh community amenities against expected future service charges when comparing off-plan projects on Dubai Islands.

Payment Plan

40/40/20 Payment Plan

On Booking

20%

Paid at reservation

During Construction

40%

8 instalments of 5%, every 90 days

On Completion

40%

On handover, Q1 2028

An alternative plan is also available: 45% during construction, 5% on handover and 50% after handover. Exact instalment schedules are confirmed during booking, and our team can walk you through the full breakdown for your chosen residence.

Additional costs to budget for

  • 4% Dubai government (registration) fee
  • Oqood / title deed registration charges
  • Administrative and trustee fees
  • Mortgage-related fees (if applicable)
  • Conveyancing / legal fees
  • Future service charges

Confirm exact instalments against the current sale agreement

View the Full Payment Schedule
Investment

Is It a Good Investment?

Strengths

  • Boutique Scale — only 63 residences, which keeps supply limited
  • Dubai Islands Waterfront — beach access and Arabian Gulf views
  • Distinctive Design — sunken balconies and enclosed winter gardens
  • Outdoor Cooled Amenities — year-round use of open-air spaces
  • Wide Unit Mix — 1 and 2 bedroom apartments, duplexes and a penthouse
  • Freehold Ownership — open to local and foreign buyers
  • Clear Timeline — construction started Sept 2025, handover Q1 2028
  • Flexible Payment Plans — 60/40, or a 45/5/50 plan with post-handover payments

Risks to factor in

  • Off-plan handover dates can shift from the stated Q1 2028
  • Pricing and availability change frequently during launch
  • Rental income only begins after completion
  • Service charges can reduce net rental yield
  • Dubai Islands is still developing, so surrounding infrastructure will mature over time
  • Large units such as the penthouse have a smaller resale pool
  • Some amenities and finishes remain subject to final confirmation
  • Property values can rise or fall with the market

Investment performance is not guaranteed. Speak with our advisor for a personalised assessment.

Location

Reef 997,
Dubai Islands

Reef 997 sits on the shore of Dubai Islands, one of the city's sought-after waterfront districts, with beach access, marina facilities and views of the Arabian Gulf and Dubai skyline.

Road links, water taxi options and nearby metro connections tie the island to the mainland, though exact travel times will vary with traffic and route.

Dubai International Airport

Close by

Downtown Dubai & Business Bay

City access

The Dubai Mall

Retail & dining

Water Taxi & Private Marina

On the island

Strategic Position

Island Calm, City Access

Our Advisory Team

Why Buy Through Discovery Homes

We help buyers look beyond marketing brochures and evaluate what actually affects day-to-day living and long-term value at Reef 997.

Speak to an Advisor
  • 01Up-to-date unit availability and price lists
  • 02Clear breakdown of both Reef payment plans
  • 03Side-by-side comparison of layouts and floor plans
  • 04Dubai Islands location and connectivity assessment
  • 05Developer document and contract review
  • 06Guidance through booking and registration
Questions

Frequently Asked

Get in Touch

Request the Latest
Price List & Floor Plans

Share your details and our advisor will send you the current Reef 997 price list, floor plans and payment plan details.

  • Current price list and unit availability
  • Floor plans for every layout type
  • Full 60/40 payment schedule
Call Our Advisor