What is the rental yield in 997 Residences by Reef Luxury Development?

No gross yield is published for 997 Residences by Reef Luxury Development as of 2026-10-12: no rental contract is registered for it yet. In the last 12 months it had 16 registered sales and 0 new Ejari contracts; a published yield needs at least 5 new contracts and 3 sales.

How much does a 1 bedroom in 997 Residences by Reef Luxury Development cost?

The median registered sale price is AED 2.11M (2,628 AED/sqft), from 16 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.

How many apartments change hands in 997 Residences by Reef Luxury Development?

16 sales were registered with the Dubai Land Department in the last 12 months. Every median on this page rests on those counts.

997 Residences by Reef Luxury Development

Under construction · 0% built · handover Q1 2028
11 floors
2 lifts
71 parking bays
1 pool
Master developer Reef Luxury

A 1 bed in 997 Residences by Reef Luxury Development costs a median AED 2.11M.

1 bed · typical price

2.11MAED

AED 2,628/sqft

vs Dubai Islands: 8% above the median

Cost to buy, all inAED 2.24M

Price: AED 2.11M
DLD fee 4%: AED 84,396
Agent 2% + VAT: AED 44,308
Trustee: AED 4,200

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Is 997 Residences by Reef Luxury Development a good investment?Easy to sell, with nothing to watch; no record of the yield and the rent trend

Does it pay a good rent?No Ejari lease registered here in 12 months, so any yield quoted is an estimateNo record
Is it easy to let?None of the 63 units signed an annual lease in 12 months: owner-occupied, holiday homes or a hotel pool0%
Are rents going up?No lease registered in 12 months, so no rent trend to readNo record
How fast do fees pay back?AED 132,904 in fees to buy a 1 bed: DLD 4%, agent 2% plus VAT, trusteeAED 132,904
Can I sell easily?20 sales in 12 months, 32% of the tower (0 the year before)20Strength
Is a lot being built nearby?8,072 apartments are planned in Dubai Islands from 2026 to 2028; too few homes are let there today for a share. A further 347 are past their planned date. Dubai Islands supply by year →8,072
Did earlier buyers gain?Up 0% for launch buyers, before fees0.0%Context

Readings use published thresholds · 1 bed figures, the most traded type · Data to 12 Oct 2026

Check an asking price →How each reading works →

997 Residences by Reef Luxury Development prices and rents by unit typeA one-bed costs about AED 2.11M

Type	Median price	Gross yield	New rent	12-month change	Sales
1 bed23 units · 834 sqft	AED 2.11M2,628/sqft		not yet let	not yet let	no prior year	16
2 bed36 units · 1,221 sqft	AED 2.94M2,411/sqft		not yet let	not yet let	under 5 sales in a year	4

Appreciation, rental income and short-term detail, by unit type

Appreciation

1 bed · price per sqft · Dubai Islands · area median AED 2,430/sqft

vs area median: +8.1%
Rank by price per sqft: 33rd of 94

Read with care

No rental contracts are registered here yet, so there is no yield and the prices are launch pricing — a pre-handover building. Price growth from launch is not comparable with a let building's.

Price history and sales

As filed with the Land Department — data to 2026-10-12.

Median price paid by year, 1 bed, with fainter bars resting on fewer sales. Too few monthly records in 997 Residences by Reef Luxury Development to draw an honest monthly line.

Did earlier buyers gain?

Median paid per sqft, all types, against today’s 2,618 · before fees

Launch, 2025–26: 2,618; 0%; 20 sales
Last 12 months: 2,618; today; 20 sales

The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.

No resales match the last 12 months. Try another transaction type, bedroom type or period.

Comparables in Dubai Islands

Every Dubai Islands building with a page, ranked by price per sqft over the same 12 months, all unit types. 997 Residences by Reef Luxury Development places 45th of 126; the nearest 8 are shown.

Rank	Building	Median price	Gross yield	12-month change	Sales
41	Arya Residences by Citi Developers0% · Q4 2027 · off-plan 2,691/sqft	AED 2.62M	2,686+2.6%	—	-0.8%	45
42	Cotier House 1 by Imtiaz8% · Q1 2027 · off-plan 2,699/sqft	AED 2.81M	2,662+1.7%	—	-1.4%	17
43	Beach Residences Dubai Islands - B213% · off-plan 2,579/sqft	AED 2.79M	2,652+1.3%	—	—	4
44	Cotier House 2 By Imtiaz0% · Q2 2027 · off-plan 2,568/sqft	AED 2.61M	2,636+0.7%	—	+3.4%	16
45	997 Residences by Reef Luxury Development · this building0% · Q1 2028 · off-plan 2,618/sqft	AED 2.18M	2,618	—	—	20
46	Bay Grove Residences D - Building 140% · Q3 2028 · off-plan 2,602/sqft	AED 3.61M	2,597-0.8%	—	-1.6%	86
47	Bay Grove Residences D - Building 120% · Q3 2028 · off-plan 2,592/sqft	AED 3.82M	2,592-1.0%	—	+0.9%	26
48	The Tides by AMISoff-plan 2,576/sqft	AED 3.59M	2,576-1.6%	—	—	5
49	Beach Walk Grand 2 By Imtiaz0% · Q4 2027 · off-plan 2,576/sqft	AED 2.66M	2,574-1.7%	—	-1.8%	77

Rank 1 is the dearest per square foot. Differences are against 997 Residences by Reef Luxury Development (AED 2,618/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.

At 1 bed, 997 Residences by Reef Luxury Development has registered sale prices 8% above the Dubai Islands median price per square foot of 2,430 AED, across 94 eligible buildings. It ranks 33rd of 94 by price per square foot in Dubai Islands.

Market context in Dubai Islands

Registered sales activity

1 ready apartment sales in the 12 months to 2026-10-12.

Price change lacks sufficient evidence in both periods.

Explore sales activity

Planned apartment projects

3,414 known registered units across 35 pending projects planned within one year of the 2026-07-06 register.

6 projects had already passed their planned date; 3 have unknown timing.

Explore planned supply

Supply against leasing, and same-building moves

8,072 apartments are planned in Dubai Islands from 2026 to 2028; too few homes are let there today for a share.

How these are counted

Find service-charge budget evidence for 997 Residences by Reef Luxury Development

Direct locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.

About 997 Residences by Reef Luxury Development

997 Residences by Reef Luxury Development is an under-construction (0% built) apartment building by Reef Luxury in Dubai Islands. 20 sales are registered with the Dubai Land Department.

Pinned by Google from the registered name; verify the plot before relying on it.Open in Google Maps

The building, as registered

Floors: 11
Lifts: 2
Parking bays: 71
Pools: 1
Master developer: Reef Luxury

Nearest, as registered

997 Residences by Reef Luxury Development: AED 2,618 per sq ft, 11% above the median Dubai Islands building

The building's own figures against its area's registered market, last twelve months.

Price per sq ft

Median registered sale price, AED per sq ft, last 12 months

997 Residences by Reef Luxury DevelopmentAED 2,618
Dubai Islands, off-planAED 2,756
Dubai, readyAED 1,421

Dark: this building. Grey: the area's ready and off-plan medians, and Dubai's ready median. Source: DLD registered sales.

Upcoming supply in Dubai Islands, by handover quarter

Nearby in Dubai Islands

Every building in Dubai Islands →

Prices per sq ft around 997 Residences by Reef Luxury Development, on the map

Pills show median sale price, AED. 79 buildings pinned from Google place records and Apple geocoding · 997 Residences by Reef Luxury Development is the inverted pinOpen in Apple Maps

Haven Living

Dubai Islands · 3 sales, 12 months

3.25M

AED, resale median · 1,759/sqft

Ellington Sands I - Tower A

Dubai Islands · 320 sales, 12 months

3.07M

AED, resale median · 2,778/sqft

Ellington Sands II - Tower A

Dubai Islands · 320 sales, 12 months

3.01M

AED, resale median · 2,807/sqft

Meriva Sunset

Dubai Islands · 240 sales, 12 months

3.24M

AED, resale median · 3,399/sqft

Before you decide

The facts that can change the return, each with the date it rests on.

Sales and rents to
2026-10-12 — Dubai Land Department and Ejari, trailing 12 months
On record
Sales evidence · 1 bed
16 registered sales in 12 months
On record
Rental evidence · 1 bed
No Ejari contract registered: not yet let
Read with care
Service charge
Not on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.
Not on record
Project register
997 Residences by Reef Luxury Development: not recorded complete, 0% built, planned 2028-03-30 · register data to 2026-07-06
On record
Developer
Reef Luxury · delivery record
On record
Building record
DLD building record · data to 2026-10-13
On record
Costs not included
4% DLD transfer fee, agency fee, mortgage, vacancy, furnishing. Every yield is gross.
Not in the yield

Rent or buy

What owning a 1 bed here costs against renting it, at stated assumptions you can change.

Monthly cost of owning against renting, with your own deposit and rate

Prefilled from 997 Residences by Reef Luxury Development’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of 2026-09-17. Change any figure.

Purchase price, AED

Annual rent, AED

Down payment, %

Residency

More assumptions

Interest rate, % a year

Term, years

Horizon, years

Annual service charge, AED

The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.

Monthly mortgage: —; 4.5% over 25 years
Monthly rent: —
Cash needed at purchase: —

Enter a price, a rent, a rate, a term and a horizon to model the comparison.

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Common questions

What is the rental yield in 997 Residences by Reef Luxury Development?: No gross yield is published for 997 Residences by Reef Luxury Development as of 2026-10-12: no rental contract is registered for it yet. In the last 12 months it had 16 registered sales and 0 new Ejari contracts; a published yield needs at least 5 new contracts and 3 sales.
How much does a 1 bedroom in 997 Residences by Reef Luxury Development cost?: The median registered sale price is AED 2.11M (2,628 AED/sqft), from 16 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
How many apartments change hands in 997 Residences by Reef Luxury Development?: 16 sales were registered with the Dubai Land Department in the last 12 months. Every median on this page rests on those counts.

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