The project
About 997 Residences
997 Residences offers one- to four-bedroom apartments and a 4-bedroom penthouse on Dubai Islands.
Distinctive touches include sunken balconies, winter gardens, a hammock forest, an outdoor cinema and cooled outdoor amenities.
Payment
Payment plan
60/40 (20% down, 40% during construction, 40% on handover)
At a glance
997 Residences key facts
- Developer
- Reef Luxury Developments
- Community
- Dubai Islands
- Status
- Under construction
- Handover
- Q1 2028
- Starting price
- AED 2.03M
- Unit types
- 1BR, 2BR, 3BR, 4BR, 4BR Penthouse
- Payment plan
- 60/40 (20% down, 40% during construction, 40% on handover)
- Ownership
- Freehold — open to all nationalities
Cost breakdown
What you pay, and when
Worked example on the starting price of AED 2.03M. Amounts scale with the unit you choose.
At this price the purchase meets the AED 2M threshold for the 10-year UAE Golden Visa (subject to current ICP rules).
Process
How to buy at 997 Residences
- 01
Shortlist and reserve
Choose a unit type and view at 997 Residences and secure it with the booking deposit set out in the payment plan.
- 02
Sign the SPA
Reef Luxury Developments issues the Sales and Purchase Agreement. Review the payment schedule, handover clause and specification before signing.
- 03
Oqood registration
The off-plan sale is registered with the Dubai Land Department (Oqood). The 4% DLD fee is payable at this stage.
- 04
Construction instalments
Instalments are paid into the project escrow account as construction milestones are reached.
- 05
Handover and title deed
On completion (scheduled Q1 2028), the final payment is made, a snagging inspection takes place and the title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Winter gardens and sunken balconies
- Hammock forest and outdoor cinema
- Cooled outdoor amenity spaces
What to weigh
- Bayut's index does not name the developer; developer attribution is from the project page
- Early-stage build at time of research
FAQ
997 Residences — frequently asked questions
What is the starting price of 997 Residences?
Published pricing at 997 Residences starts from AED 2.03M. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of 997 Residences?
997 Residences is scheduled for handover in Q1 2028. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for 997 Residences?
60/40 (20% down, 40% during construction, 40% on handover)
Who is the developer of 997 Residences?
997 Residences is developed by Reef Luxury Developments in Dubai Islands, Dubai.
What unit types are available at 997 Residences?
997 Residences offers 1BR, 2BR, 3BR, 4BR, 4BR Penthouse.
Where is 997 Residences located?
997 Residences is in Dubai Islands, Dubai.
Can foreigners buy at 997 Residences?
Yes. Dubai Islands is a freehold area, so buyers of any nationality can own property at 997 Residences outright.
Does buying at 997 Residences qualify for the UAE Golden Visa?
Units at 997 Residences start at AED 2.03M, which meets the AED 2 million property threshold for the 10-year UAE Golden Visa (subject to current ICP rules).
What are the purchase costs at 997 Residences?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 81K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at 997 Residences?
MRK Real Estate advises on primary purchases and resales at 997 Residences. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-11-01. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with Reef Luxury Developments before any transaction.
