997 Residences By Reef Luxury Development, Palm Deira

    Sold Prices · DLD Data

    997 Residences By Reef Luxury Development

    Palm Deira, Dubai · Palm Deira

    AED 2,578

    Avg Price / sqft

    AED 2.3M

    Avg Sale Price

    14

    DLD Sales Recorded

    3.8%

    Est. Gross Yield

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    Market snapshot

    997 Residences By Reef Luxury Development — the numbers

    997 Residences By Reef Luxury Development is a residential building in Palm Deira, Dubai with approximately 63 units. Dubai Land Department records show 14 sales in the building, at an average price of AED 2.3M — around AED 2,578 per square foot.

    Since February 2026, 13 sales completed in 997 Residences By Reef Luxury Development, with the average price per square foot moving from AED 2,576 to AED 2,473 (-4%). That softening can open negotiating room for buyers.

    Benchmarked against average residential rents in Palm Deira, a typical unit in 997 Residences By Reef Luxury Development returns an estimated 3.8% gross rental yield before service charges — a useful starting point for investors comparing towers across Palm Deira.

    Figures are from Dubai Land Department transaction records for 997 Residences By Reef Luxury Development; individual units vary by floor, view and finish. Gross yield is estimated against average Palm Deira residential rents, before service charges.

    Price trend

    Price trend in 997 Residences By Reef Luxury Development

    Average sale price per sqft by month since February 2026 (single-sale months excluded)-4%

    2,5042,5962,687Feb 26: AED 2,576/sqft · 2 salesFeb 26Mar 26: AED 2,718/sqft · 2 salesMar 26May 26: AED 2,597/sqft · 5 salesMay 26Jun 26: AED 2,473/sqft · 4 salesJun 26

    Unit types

    Prices by unit type

    1 Bed

    AED 2.1M

    AED 2,628/sqft

    11 sales · last 12 months

    2 Bed

    AED 2.9M

    AED 2,394/sqft

    3 sales · last 12 months

    Transactions

    Recent sold prices

    DateTypeBedsSize (sqft)PriceAED/sqft
    25 Jun 2026Sales21,222AED 2.9MAED 2,360
    22 Jun 2026Sales21,222AED 3.0MAED 2,414
    16 Jun 2026Sales1778AED 1.9MAED 2,414
    03 Jun 2026Sales1834AED 2.3MAED 2,706
    18 May 2026Sales1834AED 2.1MAED 2,529
    18 May 2026Sales1771AED 2.2MAED 2,840
    15 May 2026Sales1778AED 2.0MAED 2,611
    07 May 2026Sales1834AED 2.2MAED 2,598
    04 May 2026Sales21,216AED 2.9MAED 2,408
    25 Mar 2026Sales1771AED 2.0MAED 2,628
    24 Mar 2026Sales1778AED 2.2MAED 2,808
    14 Feb 2026Sales1778AED 2.0MAED 2,624
    12 Feb 2026Sales1834AED 2.1MAED 2,529
    05 Jan 2026Sales1771AED 2.0MAED 2,628

    About the area

    997 Residences By Reef Luxury Development is in Dubai Islands

    Dubai Islands represents a groundbreaking waterfront community that encompasses five individual islands, strategically designed to elevate the standard of coastal living in Dubai. Spanning an impressive 17 square kilometers, this development caters to families, professionals, and investors, offering a vibrant and connected lifestyle that is both modern and inviting.

    Explore the Dubai Islands area guide

    Nearby

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    FAQ

    997 Residences By Reef Luxury Development: frequently asked questions

    What is the average price in 997 Residences By Reef Luxury Development?

    The average recorded sale price in 997 Residences By Reef Luxury Development, Palm Deira is AED 2.3M, around AED 2,578 per square foot, based on Dubai Land Department transaction data.

    Are prices in 997 Residences By Reef Luxury Development going up or down?

    Average sale prices in 997 Residences By Reef Luxury Development have eased -4% per square foot since February 2026, across 13 DLD-recorded sales.

    What rental yield can I expect in 997 Residences By Reef Luxury Development?

    Based on average Palm Deira residential rents against sale prices in the building, a typical unit in 997 Residences By Reef Luxury Development yields roughly 3.8% gross per year, before service charges and fees.

    How many properties have sold in 997 Residences By Reef Luxury Development?

    14 sales have been recorded in 997 Residences By Reef Luxury Development according to DLD data, across approximately 63 units.

    Considering 997 Residences By Reef Luxury Development?

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