Area view, not a building-specific photograph
997 Residences by Reef Luxury Development, Dubai
Homes sold for a median AED 2,618 per sq ft. There were 20 sales in the last 12 months.
Mostly off-plan sales in Dubai Islands. Part of Palm Deira. A typical 1-bedroom home sold for AED 2,109,896.
Get a price for 997 Residences by Reef Luxury Development- Median sold price
- AED 2,618
- Per sq ft, 12 months to 5 Oct 2026
- Change in a year
- Not enough data
- Registered sales
- 20
- 12 months
- Lowest recent sale
- AED 1,878,340
- Recent sales shown below
- Typical price
- 1BRAED 2.11M2BRAED 2.94M
- Rounded registered medians, the last 12 months to 5 Oct 2026
Price per sq ft over five years
Median sold price each quarter, against the Dubai Islands median. Gaps mean fewer than 3 sales that quarter.
997 Residences by Reef Luxury Development2,529Last recorded: 2026 Q2
Dubai Islands median2,603Last recorded: 2026 Q3
Exact registered values are available in the data table below.
View chart data
| Period | 997 Residences by Reef Luxury Development | Dubai Islands median |
|---|---|---|
| 2021 Q4 | Not reported | Not reported |
| 2022 Q1 | Not reported | Not reported |
| 2022 Q2 | Not reported | Not reported |
| 2022 Q3 | Not reported | Not reported |
| 2022 Q4 | Not reported | Not reported |
| 2023 Q1 | Not reported | Not reported |
| 2023 Q2 | Not reported | Not reported |
| 2023 Q3 | Not reported | Not reported |
| 2023 Q4 | Not reported | 2,511 |
| 2024 Q1 | Not reported | 2,567 |
| 2024 Q2 | Not reported | 2,328 |
| 2024 Q3 | Not reported | 2,015 |
| 2024 Q4 | Not reported | 2,143 |
| 2025 Q1 | Not reported | 2,278 |
| 2025 Q2 | Not reported | 2,413 |
| 2025 Q3 | Not reported | 2,331 |
| 2025 Q4 | 2,628 | 2,591 |
| 2026 Q1 | 2,628 | 2,795 |
| 2026 Q2 | 2,529 | 3,044 |
| 2026 Q3 | Not reported | 2,603 |
Source: Land Department open data, 5 Oct 2026. Prices describe homes sold, not a valuation.
By number of bedrooms
Compare the median price paid for each home size.
| Home | Sales | Median price, rounded | Size, sq ft | AED per sq ft |
|---|---|---|---|---|
| 1 bedroom | 16 | AED 2.11M | 778 | 2,712 |
| 2 bedrooms | 4 | AED 2.94M | 1,220 | 2,409 |
Source: Land Department open data. Sale medians cover the last 12 months, to 5 Oct 2026.
Not enough Ejari rent contracts in this area yet to show rents.
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Latest registered sales
Compare the recorded prices, sizes and dates of the 997 Residences by Reef Luxury Development sales shown below.
| 2026-09-21 | 1 bedroom | Off-Plan | 834 | 2,280,165 | 2,734 |
| 2026-06-25 | 2 bedrooms | Off-Plan | 1,222 | 2,885,317 | 2,361 |
| 2026-06-22 | 2 bedrooms | Off-Plan | 1,222 | 2,950,156 | 2,414 |
| 2026-06-16 | 1 bedroom | Off-Plan | 778 | 1,878,340 | 2,414 |
| 2026-06-03 | 1 bedroom | Off-Plan | 834 | 2,257,363 | 2,707 |
| 2026-05-18 | 1 bedroom | Off-Plan | 771 | 2,189,700 | 2,840 |
| 2026-05-18 | 1 bedroom | Off-Plan | 834 | 2,109,896 | 2,530 |
| 2026-05-15 | 1 bedroom | Off-Plan | 778 | 2,031,670 | 2,611 |
Source: Land Department open data, 5 Oct 2026. Records don't include unit numbers, so individual homes can't be identified.
What a 1-bedroom home in 997 Residences by Reef Luxury Development really costs
Use your purchase price, rent and charges to compare the cash needed and income after costs.
These inputs are examples. Sale medians and community rents help you start. They are not a quote for a home for sale.
Where your purchase costs go
The chart shows how the one-off purchase fees are divided for your inputs.
- Cash you need on day one
- AED 2,242,840
- Net yield after costs
- Add your service charge
| DLD transfer fee | AED 84,396 |
|---|---|
| DLD admin fee | AED 40 |
| Registration trustee fee (incl. VAT) | AED 4,200 |
| Agent commission (incl. VAT) | AED 44,308 |
| Total fees | AED 132,944 |
- Monthly mortgage payment
- AED 0
- Service charge a year
- Add your service charge
- Gross yield
- 6.5%
Source: fee schedule dated 2026-10-14. DLD transfer 4%, trustee and admin fees, mortgage registration 0.25% + AED 290, agent 2% + VAT. Official fee references and labelled calculator planning assumptions. Confirm the itemised charges in writing before a deal.
Open these figures in the full calculator
Price and size are this building's medians. Rent is a placeholder; enter your own. Add the building's service charge from the Land Department's Service Charge Index to see the net yield.
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Location: Dubai Islands
This map marks the parent area. It does not show the entrance or exact building position.
Questions people ask
These answers explain the prices and registered sales shown for 997 Residences by Reef Luxury Development.
What is the price per sq ft in 997 Residences by Reef Luxury Development?
The median sold price was AED 2,618 per sq ft. There were 20 sales over the last 12 months to 5 Oct 2026. The last sale was on 21 Sept 2026.
How much does a 1-bedroom home in 997 Residences by Reef Luxury Development cost?
The median price for a 1-bedroom home was AED 2,109,896. The median size was about 778 sq ft. This covers 16 sales in the last 12 months.
Is 997 Residences by Reef Luxury Development expensive for Dubai Islands?
997 Residences by Reef Luxury Development sells at 5.0% below the Dubai Islands median of AED 2,757 per sq ft, comparing both over the last 12 months.
Sources
Source update: 26 Oct 2026. Source: Dubai Land Department open data via Dubai Pulse, re-published by Dubai Real Estate Data (dataset), licensed CC BY 4.0. Sales to 5 Oct 2026. aggregated to medians; non-residential, land and flagged rows excluded.