997 Residences by Reef Luxury Development: off-plan project in Palm Deira
997 Residences by Reef Luxury Development is an off-plan residential apartment project in Palm Deira, registered with the Dubai Land Department as project no. 3837 and developed by Reef Luxury Development L.L.C. From October 16, 2025 to October 16, 2026, 20 off-plan sales were registered there at a median price of AED 2,175,938 (AED 2,618 per sq ft); 80% of sales fall between AED 2,026,186 and AED 2,929,842.
- 20off-plan sales in 12 months
- AED 2,175,938median sale price
- AED 2,618median price per sq ft
- 0%construction progress (DLD)
- March 2028end date in the register
- 63registered units
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026. Source: Dubai Land Department project register (open data), as of 15/06/2026.
What the figures say
- Positioning: at AED 2,618 per sq ft, 997 Residences by Reef Luxury Development is 6.5% below the median of off-plan sales across the 46 projects tracked in Palm Deira (AED 2,799 per sq ft), and 48.1% above the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 20 off-plan sales in 11 months since the first registered sale (November 2025), about 2 a month; number 46 by sales in Palm Deira over the period.
- Construction: 0% complete in the DLD register, construction had not started at the latest inspection; planned end March 2028.
- Profile: a concentrated project, 80% of sales are the same unit type (apartment · 1 bedroom).
997 Residences by Reef Luxury Development: official project sheet
Details from the project register kept by the Dubai Land Department. Off-plan payments go to the project's escrow account, as required by Dubai Law No. 8 of 2007.
| Item | DLD register |
|---|---|
| DLD project number | 3837 |
| Registered developer | Reef Luxury Development L.L.C (developer no. 1944) |
| Master developer | Nakheel.(p J S C) |
| Community (master project) | Palm Deira |
| DLD area | Palm Deira |
| Register status | not started |
| Construction progress | 0% |
| Project start | July 15, 2025 |
| Planned end | March 30, 2028 |
| Registered units | 63 units |
| Buildings | 1 |
| Escrow account | escrow agent registered with the DLD for this project |
Source: Dubai Land Department project register (open data), as of 15/06/2026.
997 Residences by Reef Luxury Development off-plan prices by unit type
Off-plan sales over the last 12 months, at least 3 sales per row. Entry ticket observed: apartment · 1 bedroom, at a median AED 2,109,896.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Apartment · 1 bedroom | 16 | AED 2,109,896 | 2,026,186 – 2,268,764 | 72 m² (775 sq ft) | AED 2,628 |
| Apartment · 2 bedrooms | 4 | AED 2,938,870 | — | 113 m² (1,216 sq ft) | AED 2,411 |
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
To turn one of these prices into a payment schedule, use OffPlanSimulator's off-plan payment plan calculator, then add registration fees with the Dubai buying costs calculator.
Sales by unit type
Apartment · 1 bedroom: 80% of off-plan sales, with a median size of 72 m² (72 to 78 m² for 80% of them).
- Apartment · 1 bedroom: 80% (16 sales)
- Apartment · 2 bedrooms: 20% (4 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
997 Residences by Reef Luxury Development off-plan price by quarter
The median off-plan price per sq ft moved from AED 2,628 in Q4 2025 to AED 2,529 in Q2 2026 (-3.8%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q4 2025 | 5 | AED 2,628 | — |
| Q1 2026 | 5 | AED 2,628 | 0% |
| Q2 2026 | 9 | AED 2,529 | -3.8% |
Source: Dubai Land Department open data, off-plan sales registered since 1 January 2024, as of 16/10/2026.
Where is 997 Residences by Reef Luxury Development?
997 Residences by Reef Luxury Development is in Palm Deira, Dubai.
View 997 Residences by Reef Luxury Development on Google Maps
Further reading
- All off-plan projects in Palm Deira
- Palm Deira property prices
- All Reef Luxury Development L.L.C projects
Other off-plan projects in Palm Deira
- Hado By Beyond — AED 3,155/sq ft
- The Meriva Collection — AED 3,453/sq ft
- Ellington Sands I — AED 2,774/sq ft
- Ellington Sands II — AED 2,799/sq ft
- Bay Grove Residences D - Dubai Islands — AED 2,616/sq ft
- LIV Oceanside — AED 3,158/sq ft
- Ocean Bay by Samana Developers — AED 2,355/sq ft
- Sunset Bay Grand by Imtiaz — AED 2,315/sq ft
More projects by Reef Luxury Development L.L.C
Same budget elsewhere in Dubai (around AED 2,175,938)
- The Highgrove, Bukadra — AED 2,163,828
- One Residence, Downtown Dubai — AED 2,184,750
- Boulevard Park 1, Wasl Gate — AED 2,148,000
- Terra Heights, Expo City — AED 2,192,388
- Emerge Residences, Meydan Racecourse Community — AED 2,140,000
- Wynwood Horizon by Imtiaz, Bukadra — AED 2,192,597
Projects presented by Cevitas
Frequently asked questions
How much does a home at 997 Residences by Reef Luxury Development cost?
Over the last 12 months, the 20 off-plan sales registered with the DLD show a median price of AED 2,175,938, or AED 2,618 per sq ft; 80% fall between AED 2,026,186 and AED 2,929,842. The developer's current prices are on its price list.
When will 997 Residences by Reef Luxury Development be completed?
In the DLD project register (as of 15/06/2026), the project is "not started", 0% complete, with a planned end date of March 30, 2028. The handover date is confirmed by the developer.
Who is the developer of 997 Residences by Reef Luxury Development?
The DLD register lists Reef Luxury Development L.L.C (developer no. 1944), in a community developed by Nakheel.(p J S C).
What unit types are sold at 997 Residences by Reef Luxury Development?
Off-plan sales over the last 12 months cover: apartment · 1 bedroom (16), apartment · 2 bedrooms (4). Best-selling type: apartment · 1 bedroom, at a median AED 2,109,896 for 72 m².
Has the price per sq ft at 997 Residences by Reef Luxury Development changed?
The median off-plan price moved from AED 2,628 per sq ft in Q4 2025 to AED 2,529 in Q2 2026, based on DLD-registered sales.
How do I get the 997 Residences by Reef Luxury Development price list and payment plan?
Ask with the "Get the price list" button or on WhatsApp at +971 55 772 2710: a RERA-licensed Cevitas advisor sends you the available units, the developer's prices and the current payment plan, with no buyer commission on new launches.
Sources and method
Off-plan sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), residential sales registered off-plan ("Off-Plan Properties") from October 16, 2025 to October 16, 2026. Median price = middle registered price; range = 80% of sales (10th to 90th percentile). Price per sq ft = price / registered area (1 m² = 10.764 sq ft).
Developer, status, progress and dates: DLD "Projects" register (data.dubai) and "Developers" register (data.dubai), extract as of June 15, 2026. Progress is the figure from the latest DLD inspection on record; the end date is the one declared in the register and may be updated by the DLD.
Data published under the Dubai Open Data Licence and analysed by Cevitas Real Estate. They describe official transactions and an official register; they are not a valuation, a promise of return or investment advice. The developer's current prices are on its price list.