HIGH ROI || LUXURY APARTMENTS || 60:40 PAYMENT PLAN

Type

Apartment

Purpose

Sale

Furnishing

Unfurnished

Updated

8th May 2026

Completion Status

Off-Plan

Payment Plan

60/40

Handover

Q1 2028

Developer

Reef Luxury Development

Project Name

997 Residences by Reef

Reef 997 Residences at Dubai Islands rises as the great success story of Reef Developments, set to emerge as an Iconic residential address with 1 & 2-bedroom apartments, duplexes and penthouses. The facade transforms how one should live in the contemporary urban environment through its futurist design, meticulous details and adherence to the excellence of lifestyle. This is not some fanciful promise but a well-considered proposition that is where innovation meets island lifestyle, where climate-controlled winter gardens and the world's first patented cooled outdoor amenities transform average balconies into private, year-round sanctuaries. Here, the architectural gesture is designed to make outdoor living as easy and appealing to the senses as the indoors.

Key highlights and innovations

Climate-controlled outdoor spaces: A patented outdoor cooling technology is a defining feature, ensuring comfort in amenities, winter gardens, and sunken balconies all year round.
Exclusive collection: With only 63 residences, including apartments, duplexes, and a single penthouse, the project ensures privacy and a limited, high-value supply.
High-end finishings: The kitchens are equipped with German Bosch appliances, and bathrooms feature Grohe fixtures.
Architectural design: Modern, minimalist architecture uses large glass windows to maximize natural light and panoramic sea views.
Freehold property: The development offers freehold ownership, making it accessible to foreign buyers and a solid investment opportunity.
Smart home integration: Each unit is equipped with advanced smart home systems.

payment plan 60:40-

60% during construction
40% at the time of handover

Amenities and lifestyle:

Swimming: An infinity pool with a Baja shelf, a children's pool, and a Jacuzzi.
Leisure: Hammock forest, outdoor cinema, and sunken seating lounges.
Wellness: A fully equipped gym and dedicated yoga area.
Socializing: BBQ area with private cabanas and a community vegetable garden.
Family-friendly: Cooled outdoor playgrounds for children.

Investment potential:

High ROI potential: Driven by limited inventory and unique features.
Residency options: Buyers may be eligible for a UAE residency visa, including the 10-year Golden Visa.
Flexible payment plan: A 60/40 plan requires 60% during construction and the remaining 40% on handover.

Posted on: 3rd November 2025