Reef 997
Dubai Islands · by Reef Luxury · Dubai
The record
| Developer | Reef Luxury |
|---|---|
| Community | Dubai Islands |
| City | Dubai |
| Sale status | On sale |
| Construction | Under construction |
| Classification | Off-plan |
| Property types | Not stated |
| Bedrooms offered | 1, 2, 3 |
| Priced unit records | 7 |
| Unit plans listed | 2 |
Read from developer-published inventories on 2026-07-30. Blank means the developer published nothing, not that the answer is zero.
Where this price sits
AED 2,647 per sqft, 6% above the Dubai Islands median, and 31% above the Dubai median.
AED per sqft of built-up area, the median across 7 priced records published for this project, measured the same way for every project in the corpus so the three readings above are comparable. Asking prices, not transactions. See methodology.
Reef Luxury publishes 25 priced records across 2 projects in Dubai Islands, at a median of AED 2,524 per sqft, 1% above the rate for the address as a whole. The full benchmark, every rival builder in Dubai Islands beside it, is on Reef Luxury in Dubai Islands.
The payment plan
This plan spreads the price over the months to handover and beyond, and money you have not paid yet is money you still have. Valuing every instalment on the day it actually falls due, at 5.0% a year, this schedule is worth 9.81% less than the headline, or AED 290,983 on the published entry price. It is not a discount anyone will give you at the counter, and the total you sign for does not change. It is what the timing is worth, and it is the number to compare against another project handing over at the same time.
Computed from the published schedule and the stated handover date, at a 5.0% annual cost of money compounded monthly. It credits no rent, no capital growth and no allowance for a handover delay. Definition and the reason for the rate: methodology. Where this project sits against every other: the plan discount ranking.
On the published entry price of AED 2,965,980 that is AED 1,482,990 before handover and AED 1,482,990 after the keys. Run other prices through the payment plan calculator.
Booking, construction and handover are three independent medians, so they are normalised to 100 before drawing and the handover share carries the remainder. 12% of plans in Dubai Islands schedule instalments after the keys.
More in Dubai Islands
- AED/sqft
- 2,767
- From
- AED 2.18M
- Handover
- Q4 2026
- Before keys
- 35%
- AED/sqft
- 3,038
- From
- AED 1.75M
- Handover
- Q2 2027
- Before keys
- 40%
- AED/sqft
- 2,204
- From
- AED 1.77M
- Handover
- Q2 2027
- Before keys
- 60%
- AED/sqft
- 4,100
- From
- AED 2.99M
- Handover
- Q1 2028
- Before keys
- 35%
- AED/sqft
- 2,799
- From
- AED 2.07M
- Handover
- Q1 2028
- Before keys
- 50%
- AED/sqft
- 3,937
- From
- AED 3.94M
- Handover
- Q3 2028
- Before keys
- 35%
The full report: every community, every developer, ranked.
Dubai Islands, Dubai in context: price per sqft by community and developer, payment plan structures ranked by cash due before handover, the 2026 to 2029 delivery pipeline, and the CSV behind every table. PDF plus data, delivered instantly.
OffplanIndex is an independent index. We are not the developer, not the agent and not a party to any sale. Figures are developer-published asking prices as read on 2026-07-30, not transaction records. Back to the project index.