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997 Residences by Reef Luxury Development
Palm Deira Reef LuxuryDLD project 3837
Towers under construction with cranes on the Dubai waterfront. A general view of Dubai, not this projectPhoto: Leandro Neumann Ciuffo, Wikimedia Commons, CC BY 2.0, resized and cropped
The short answer
997 Residences by Reef Luxury Development is active on the DLD register, completion date 30 Mar 2028. It was 4.89% built at DLD’s inspection on 27 Aug 2026. Its 20 home sales over Oct 2025–Sep 2026 registered at a median AED 2.2m, AED 2,618 per sq ft.
Completion dateSourceDLD project registerWindowcompletion dateFigureas the register lists itDatasales to 5 Oct 2026 · DLD register read 13 Oct 2026How it is worked out
30 Mar 2028
on the DLD register
BuiltSourceDLD project registerFigure% built at DLD’s latest inspectionDatasales to 5 Oct 2026 · DLD register read 13 Oct 2026How it is worked out
4.9%
DLD inspection, 27 Aug 2026
Median 1 BRSourceDLD registered salesWindowOct 2025–Sep 2026Based on16 salesFiguremedian price and median price per sq ft of home sales of this sizeDatasales to 5 Oct 2026How it is worked out
AED 2.1m
AED 2,628/sq ft · 16 sales
Median home priceSourceDLD registered salesWindowOct 2025–Sep 2026Based on20 salesFiguremedian of registered home sales, not an asking priceDatasales to 5 Oct 2026How it is worked out
AED 2.2m
20 home sales, Oct 2025–Sep 2026
Sales, 12 monthsSourceDLD registered salesWindowOct 2025–Sep 2026Based on20 salesFigureregistered sales of every property typeDatasales to 5 Oct 2026How it is worked out
20
+1900% on Oct 2024–Sep 2025
Registered prices of 1-bedroom homes here, Oct 2025–Sep 2026
Lower quartile, median and upper quartile of 16 home sales; median size 778 sq ft.
The DLD project register
ActiveCompletion date on the DLD register: 30 Mar 2028
4.89% built at DLD’s inspection on 27 Aug 2026.
Started15 Jul 20254.9% builtinspection 27 Aug 2026Completion30 Mar 2028
Built, at DLD’s latest inspection4.89%
- DLD project number
- 3837
- Status
- Active
- Completion date
- 30 Mar 2028
- Start date
- 15 Jul 2025
- Registered
- 4 Sep 2025
- Developer
- Reef Luxury Development L.L.C · DLD developer 1944
- Escrow account bank
- First Abu Dhabi Bank
- Units
- 63
- Buildings
- 1: 997 Residences By Reef Luxury Development
Inspection history: 4 inspections on the register
| Inspection date | Built |
|---|---|
| 27 Aug 2026 | 4.89% |
| 24 Jun 2026 | 4.01% |
| 10 Mar 2026 | 0.04% |
| 17 Jun 2025 | 0% |
Source: Dubai Land Department project register, read 13 Oct 2026. The register’s own figures, shown as it lists them.
Developer’s reply: none yet. Reef Luxury can send a reply about these figures; replies are checked before they’re published and never change a number. How developers reply
Statement ID S-3837-H1 · DLD register read 13 Oct 2026
Home prices by size
registered home sales, Oct 2025–Sep 2026| Size | Sales | Median price | Median AED /sq ft | Median size, sq ft |
|---|---|---|---|---|
| 1 BR | 16 | AED 2.1m | 2,628 | 778 |
| 2 BR | 4 · fewer than 5 | — | — | — |
Medians of registered flat and villa sales with no data-quality flag; a size with fewer than 5 sales shows no median.
Check an asking price
use the size on the sale contractEnter the size and the asking price to compare them with registered sales.
The size starts at the median registered size for that size here; use the size on your sale contract. Fees as listed on DLD’s Property Sale Registration page. Compare with other projects in the price check
Latest registered sales
All recent sales| Date | Type | Sq ft | Price | AED /sq ft | vs area |
|---|---|---|---|---|---|
| 21 Sep 2026 | Flat · 1 BR Off-plan | 834 | AED 2.3m | 2,733 | −1% |
| 25 Jun 2026 | Flat · 2 BR Off-plan | 1,223 | AED 2.9m | 2,361 | −13% |
| 22 Jun 2026 | Flat · 2 BR Off-plan | 1,223 | AED 3.0m | 2,414 | −11% |
| 16 Jun 2026 | Flat · 1 BR Off-plan | 778 | AED 1.9m | 2,414 | −12% |
| 3 Jun 2026 | Flat · 1 BR Off-plan | 834 | AED 2.3m | 2,706 | −2% |
| 18 May 2026 | Flat · 1 BR Off-plan | 834 | AED 2.1m | 2,529 | −8% |
| 18 May 2026 | Flat · 1 BR Off-plan | 771 | AED 2.2m | 2,840 | +3% |
| 15 May 2026 | Flat · 1 BR Off-plan | 778 | AED 2.0m | 2,611 | −5% |
| 7 May 2026 | Flat · 1 BR Off-plan | 834 | AED 2.2m | 2,598 | −6% |
| 4 May 2026 | Flat · 2 BR Off-plan | 1,215 | AED 2.9m | 2,408 | −11% |
Every type of sale, newest first; DLD publishes no time of day. Price per sq ft for homes only. “vs area”: against the median for that size in Palm Deira, Oct 2025–Sep 2026.
Reef Luxury’s newest ads
None of Reef Luxury’s 8 running ads names 997 Residences by Reef Luxury Development; these are the newest, from Meta’s Ad Library on 26 Oct 2026. Prices and claims in ads are the developer’s, not checked against DLD records.
A new benchmark in health-led living, the Longevity Hub brings advanced wellness therapies into an elevated experience, designed to support restoration, rejuvenation and long-term wellbeing. Discover Soon.
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While summer heat can leave outdoor spaces quiet, at REEF 997, the same summer afternoon looks completely different with it’s Patented Outdoor-Cooled Amenities. From creativity and connection to quiet moments of reflection, every space is designed to be experienced outdoors, all-year-round, making outdoor living more than just a seasonal privilege.
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REEF’s Globally Patented Outdoor-Cooled Sunken Balcony transforms a regular balcony into a space designed to enhance the human living experience. The outdoors becomes an extension of your home, designed for luxury living all-year-round.
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Palm Deira market insights
Registered with DLD under the district Palm Deira, 2021 to 5 Oct 2026.
AED 2,425Sep 2026−3%on Oct 2023
Each point is the median price per square foot of the month’s registered home sales (flats and villas). A month with fewer than 10 home sales is left as a gap. Registered prices, not asking prices.
Most sold size
1 bedroom
Share of the home sales over Oct 2025–Sep 2026 that recorded a bedroom count
Sales a year
4,459 sales2025+89080%on 2021
Full years only, registered sales of every type. 3,577 sales in 2026 to 5 Oct.
Off-plan share
98% of the 5,053 sales over Oct 2025–Sep 2026 were registered as off-plan, DLD’s own registration type.
The full record
every figure behind the summarySales by year and by month
| Year | Sales | Off-plan | Ready | Value | Median home price | Median AED /sq ft |
|---|---|---|---|---|---|---|
| 2025 | 6 | 5 | 1 | AED 39.5m | AED 2.2m | 2,628 |
| 2026 to 5 Oct | 15 | 15 | 0 | AED 34.1m | AED 2.2m | 2,611 |
Sales and value: registered sales of every property type since Jan 2019. Off-plan: DLD’s registration type; Ready: every other sale. Medians: home sales only, shown with 5 or more.
21sales registered, Apr 2025 to Sep 2026
Every registered sale, all property types.
Other projects in Palm Deira
5,053 sales were registered in Palm Deira over Oct 2025–Sep 2026, with homes at a median AED 2,481 per sq ft over Jul–Sep 2026.
| Project | Developer | DLD register | Sales, Oct 2025–Sep 2026 | Median home price |
|---|---|---|---|---|
| Hado by Beyond | Omniyat | Due Jun 2029 | 625 | AED 3.0m |
| The Meriva Collection | Ellington | Due Dec 2031 | 488 | AED 4.0m |
| Ellington Sands I | Ellington | Due Dec 2028 | 429 | AED 3.2m |
| Ellington Sands Ii | Ellington | Due Dec 2028 | 418 | AED 3.2m |
| Bay Grove Residences D - Dubai Islands | Nakheel | Due Sep 2028 | 185 | AED 3.6m |
| Silena Residences | Avenew | Due May 2028 | 121 | AED 3.2m |
| Ocean Bay by Samana Developers | Samana | Due Jun 2028 | 108 | AED 2.6m |
| Bay Villas - Dubai Islands | Nakheel | Due May 2027 | 107 | — |
| Liv Oceanside | LIV | Due Nov 2027 | 105 | AED 4.0m |
| Beach Walk Grand 2 by Imtiaz | Imtiaz | Due Dec 2027 | 97 | AED 2.6m |
| Wynwood Residences by Imtiaz | Imtiaz | Due Sep 2027 | 82 | AED 2.5m |
| Elle Residences | Anax | Due Sep 2027 | 82 | AED 3.6m |
Median home price over Oct 2025–Sep 2026, shown with 5 or more home sales.
Other projects by Reef Luxury
| Project | Area | Completion date | Built | Sales, Oct 2025–Sep 2026 |
|---|---|---|---|---|
| Reef 996 | Dubai Production City | Sep 2028 | 0.1% | 236 |
| Reef 998 | Dubai Land Residence Complex | Jun 2028 | 2.1% | 199 |
| 999 Residences by Reef Luxury Development | Jabal Ali First | Jun 2027 | 13.2% | 69 |
| Reef 1000 | Dubai Land Residence Complex | Dec 2026 | 67.2% | 34 |
More from Reef Luxury
Every Reef Luxury projectDubai, general view
Reef 996
Dubai Production City · Reef Luxury
Due Sep 2028DLD register
Median home price, Oct 2025–Sep 2026AED 791k
Dubai, general view
Reef 998
Dubai Land Residence Complex · Reef Luxury
Due Jun 2028DLD register
Median home price, Oct 2025–Sep 2026AED 1.1m
Dubai, general view
999 Residences by Reef Luxury Development
Jabal Ali First · Reef Luxury
Due Jun 2027DLD register
Median home price, Oct 2025–Sep 2026AED 1.4m
Dubai, general view
Reef 1000
Dubai Land Residence Complex · Reef Luxury
Due Dec 2026DLD register
Median home price, Oct 2025–Sep 2026AED 1.4m
Photos: Sheikh Zayed Road from above by monicker (Wikimedia Commons, CC BY-SA 3.0); Towers in Business Bay by giggel (Wikimedia Commons, CC BY 3.0); Towers under construction, Dubai by Leandro Neumann Ciuffo (Wikimedia Commons, CC BY 2.0). Resized and cropped.
More projects in Palm Deira
Everything in Palm DeiraDubai, general view
Hado by Beyond
Palm Deira · Omniyat
Due Jun 2029DLD register
Median home price, Oct 2025–Sep 2026AED 3.0m
Dubai, general view
The Meriva Collection
Palm Deira · Ellington
Due Dec 2031DLD register
Median home price, Oct 2025–Sep 2026AED 4.0m
Dubai, general view
Ellington Sands I
Palm Deira · Ellington
Due Dec 2028DLD register
Median home price, Oct 2025–Sep 2026AED 3.2m
Dubai, general view
Ellington Sands Ii
Palm Deira · Ellington
Due Dec 2028DLD register
Median home price, Oct 2025–Sep 2026AED 3.2m
Dubai, general view
Bay Grove Residences D - Dubai Islands
Palm Deira · Nakheel
Due Sep 2028DLD register
Median home price, Oct 2025–Sep 2026AED 3.6m
Dubai, general view
Silena Residences
Palm Deira · Avenew
Due May 2028DLD register
Median home price, Oct 2025–Sep 2026AED 3.2m
Photos: Towers under construction, Dubai by Leandro Neumann Ciuffo (Wikimedia Commons, CC BY 2.0); Sheikh Zayed Road from above by monicker (Wikimedia Commons, CC BY-SA 3.0); Towers in Business Bay by giggel (Wikimedia Commons, CC BY 3.0). Resized and cropped.
Before you buy a home in 997 Residences by Reef Luxury Development
About 997 Residences by Reef Luxury Development
997 Residences by Reef Luxury Development is a Reef Luxury project in Palm Deira, Dubai, registered with the Dubai Land Department as project 3837 by Reef Luxury Development L.L.C. The register lists it as active, with a completion date of 30 Mar 2028, 4.89% built at DLD’s inspection on 27 Aug 2026.
21 sales have been registered since Jan 2019, the first on 30 Apr 2025, 20 of them over Oct 2025–Sep 2026. Over those twelve months its 20 home sales registered at a median AED 2.2m. The sales include 1 land plot, left out of every price figure. These are prices buyers paid, recorded at registration, not asking prices.
By sales since Jan 2019 it is 92nd of the 117 projects with a registered sale in Palm Deira, and 5th of Reef Luxury’s 5.
Questions about 997 Residences by Reef Luxury Development
When will 997 Residences by Reef Luxury Development be finished?
The DLD register lists a completion date of 30 Mar 2028. It was 4.89% built at DLD’s inspection on 27 Aug 2026. These are the register’s own figures, read 13 Oct 2026; we don’t forecast a finish.
Is 997 Residences by Reef Luxury Development finished?
No. The DLD register lists it as active, 4.89% built at the inspection on 27 Aug 2026.
What do homes in 997 Residences by Reef Luxury Development sell for?
1 BR: a median AED 2.1m, AED 2,628 per sq ft, from 16 sales. Registered home sales over Oct 2025–Sep 2026, not asking prices.
How many sales has 997 Residences by Reef Luxury Development had?
21 sales registered with the Dubai Land Department since Jan 2019, 20 of them over Oct 2025–Sep 2026. The count includes 1 land plot, which are left out of every price figure.
Who is the developer of 997 Residences by Reef Luxury Development?
The DLD register lists Reef Luxury Development L.L.C, DLD developer number 1944, which we group under Reef Luxury.
Where is 997 Residences by Reef Luxury Development?
In Palm Deira, Dubai. The Dubai Land Department registers its sales under the district Palm Deira. Homes there registered at a median AED 2,481 per sq ft over Jul–Sep 2026.
Which escrow account does DLD list for 997 Residences by Reef Luxury Development?
The DLD project register lists an escrow account with First Abu Dhabi Bank for 997 Residences by Reef Luxury Development.
Cite this page
997 Residences by Reef Luxury Development, Palm Deira. Real Estate IQ, from DLD registered sales to 5 Oct 2026 and the DLD project register read 13 Oct 2026. dubairealestateiq.com/project/997-residences-by-reef-luxury-development
Sources: Dubai Land Department open data, registered sales to 5 Oct 2026, via Dubai Real Estate Data (CC BY 4.0), processed by Real Estate IQ; DLD project register, read 13 Oct 2026. Registered prices, not asking prices or valuations. How the figures are worked out.
Read next
GuideHow to check a Dubai off-plan project’s completion date
GuideAsking price or registered price: how to check a quote
TrackerActive projects on the DLD register, with their completion datesPhotos: Towers under construction, Dubai by Leandro Neumann Ciuffo (Wikimedia Commons, CC BY 2.0); Dubai Marina at night by Gfilip (Wikimedia Commons, CC BY-SA 4.0); Dubai skyline at dusk by imran shahabuddin (Wikimedia Commons, CC BY 2.0). Resized and cropped.