REEF 997 by REEF | First Waterfront Living on Dubai Islands – Luxury Developments

Starting From
AED 2,026,186
  • Updated On:
  • June 10, 2026

Description

Austrabay Real Estate LLC  ·  Dubai, Australia & International
REEF 997 by REEF Luxury Developments
Dubai Islands, Dubai
Off-Plan 63 Residences Only Handover Q1 2028 World-First Technology
63
Exclusive Homes
World’s 1st
Cooled Outdoor Amenities
60/40
Payment Plan
0%
Buyer Fees
Project Overview
The World’s First Outdoor-Cooled Waterfront Residences

REEF 997 is unlike anything else in Dubai. Set on the shores of Dubai Islands, this boutique waterfront development offers just 63 luxury residences and holds two world-first distinctions: it is the first building in the world to feature climate-controlled outdoor amenities, and one of only four buildings globally with REEF’s globally patented outdoor-cooled Sunken Balconies and Winter Gardens. This is not a marketing claim. It is a registered patent that fundamentally changes how outdoor living works in a hot climate.

Traditional balconies in Dubai are unusable for six months of the year due to heat. REEF’s Sunken Balcony technology integrates outdoor cooling systems into a recessed architectural design with thermal barrier technology, keeping outdoor spaces comfortable year-round. The same technology extends to the common amenity areas, making REEF 997 the first building in the world where the pool deck, garden, and outdoor leisure spaces are actively cooled for resident use regardless of season or temperature.

Residences range from 1-bedroom apartments through 3-bedroom duplexes to a single full-floor 4-bedroom penthouse. Sizes run from 776 to 6,022 sq ft. The architecture is contemporary low-rise with large glazing, clean lines, and open facades designed to maximise natural light, sea views, and the seamless indoor-outdoor flow that the Sunken Balcony technology enables. With only 63 residences available and handover targeted for Q1 2028, REEF 997 represents one of the most genuinely exclusive offerings in Dubai’s off-plan market.

Patented Sunken Balcony Technology

The globally patented Sunken Balcony integrates outdoor cooling directly into the architecture. Outdoor spaces remain comfortable year-round, even during Dubai’s hottest months. Reduces indoor cooling costs by 30%.

Enclosed Winter Gardens

Private enclosed Winter Gardens give every residence a climate-controlled outdoor living space that functions as a year-round extension of the interior. No other residential project in the world offers this at scale.

World’s First Cooled Outdoor Amenities

Every communal outdoor space at REEF 997 is actively cooled, making pool decks, gardens, and leisure areas comfortable every day of the year. A genuine world first in residential development.

Only 63 Residences

Extreme exclusivity on a prime Dubai Islands waterfront site. With only 63 homes ever to be delivered, REEF 997 offers a level of privacy, rarity, and long-term value appreciation that larger projects simply cannot replicate.

Key Project Facts
Developer
REEF Luxury Developments
Location
Dubai Islands (Island A)
Total Residences
63 Only
Starting Price
AED 2,026,186
Handover
Q1 2028
Payment Plan
60/40 (20% Down)
Unit Types
1-Bed to 4-Bed Penthouse
Size Range
776 to 6,022 sqft
Signature Feature
Patented Cooled Balconies
World Firsts
Cooled Outdoor Amenities
Pricing Guide
With only 63 residences available, pricing reflects the boutique and exclusive nature of the project. AUD equivalents are approximate. Contact Austrabay for current availability and detailed pricing.
1 Bedroom
From AED 2,026,186
~AUD $831,000  ·  from 776 sqft
2 Bedroom
Contact Austrabay for Pricing
Generous open-plan layout
3 Bedroom Duplex
Contact Austrabay for Pricing
Split-level luxury layout
4 Bedroom Full-Floor Penthouse
Contact Austrabay for Pricing
Up to 6,022 sqft  ·  Single full-floor residence

All residences feature patented Sunken Balconies and enclosed Winter Gardens. Prices are indicative and subject to change. DLD registration fee (4%) applies separately.

Payment Structure
60/40 Payment Plan with 20% Down

REEF 997 offers a clear and straightforward 60/40 structure. Secure your residence with a 20% deposit, pay 40% during construction, and settle the remaining 40% at handover. This approach spreads your investment across the construction period while giving you the full benefit of off-plan price appreciation before completion in Q1 2028.

1
Pay 20% down payment on booking to secure your residence.
2
Pay 40% during construction in flexible instalments as per the agreed schedule.
3
Pay the remaining 40% on handover in Q1 2028.
4
Austrabay can assist with UAE mortgage financing for the handover balance if required.
Example: 1-Bedroom Residence
Purchase PriceAED 2,026,186
Down Payment (20%)AED 405,237
During Construction (40%)AED 810,474
On Handover (40%)AED 810,474
AUD Equivalent~AUD $831,000
The Innovation
How the Sunken Balcony Works

Dubai’s climate makes conventional balconies unusable for approximately six months of the year. Temperatures regularly exceed 40 degrees Celsius between May and October, and outdoor humidity makes unshaded spaces uncomfortable even in spring and autumn. The Sunken Balcony changes this entirely. REEF’s patented technology combines three innovations: recessed architectural design that creates natural shade, integrated outdoor cooling systems embedded in the structure, and thermal barrier technology that prevents hot air from entering the space. The result is a balcony that is genuinely usable every day of the year, expanding the livable footprint of every apartment and creating a year-round outdoor lifestyle that simply does not exist in any other residential building.

Recessed Architectural Design

The balcony sits below the main building line, creating built-in structural shade. The recessed form blocks direct solar radiation at peak hours and reduces surface temperature by design.

Integrated Outdoor Cooling

REEF’s patented cooling system is built into the balcony structure. It actively maintains a comfortable temperature regardless of outdoor conditions, extending comfortable outdoor time to 365 days a year.

Thermal Barrier Technology

A thermal barrier prevents heat transfer from the outdoor space into the apartment interior. This reduces indoor air conditioning costs by an estimated 30%, making homes more energy-efficient and sustainable.

Enclosed Winter Garden

An enclosed glass Winter Garden provides a fully covered private outdoor living area accessible from the main residence. It functions as an additional room, greenhouse, or outdoor dining space throughout the year.

Location
Dubai Islands, Island A

Dubai Islands is one of the most ambitious waterfront masterplans in the UAE, developed by Nakheel as a series of five islands off the coast of Deira. Island A, where REEF 997 is located, is the most established of the five, with beach resorts, marinas, and retail destinations already open or under development. The islands are connected to the mainland by a bridge, with easy access to major roads including the Dubai-Sharjah Corridor. As infrastructure develops through the late 2020s, Dubai Islands is expected to become one of the most sought-after coastal addresses in the region.

On-site Private Beach Access
10 min Deira City Centre
15 min Dubai Frame
20 min Downtown Dubai & Burj Khalifa
20 min Dubai International Airport
25 min Dubai Marina
Nearby Dubai Islands Beach Resort
Growing Island Infrastructure and Retail
Amenities
Resort-Style Living, Year-Round

REEF 997 delivers a curated set of boutique amenities scaled appropriately for 63 residences. Every shared space benefits from the same outdoor cooling technology that defines the private balconies, meaning the pool deck, garden, and leisure areas remain comfortable every day of the year. This is the aspect of REEF 997 that most changes the daily experience for residents.

Water and Wellness
✓  Infinity Pool
✓  Kids Pool
✓  Cabanas (Outdoor Cooled)
✓  Yoga Space
✓  Gym
In Every Residence
✓  Patented Sunken Balcony
✓  Enclosed Winter Garden
✓  Smart Home Technology
✓  Luxury Appliances
✓  Panoramic Sea Views
Outdoor and Social
✓  Outdoor Cinema (Climate Controlled)
✓  Landscaped Gardens (Climate Controlled)
✓  Outdoor Playground
✓  Social Seating Zones
✓  24/7 Concierge and Security
Sustainability
✓  Energy-Efficient Building Design
✓  Eco-Friendly Construction Materials
✓  30% Indoor Cooling Cost Reduction
Investment Case
Why Invest in REEF 997?

REEF 997 is built on three powerful investment pillars. First, genuine scarcity: with only 63 residences on a prime Dubai Islands waterfront site, resale and rental competition is virtually non-existent within the building itself. Second, defensible differentiation: the patented Sunken Balcony and world-first cooled outdoor amenities cannot be replicated by competitors without infringing REEF’s registered patent, ensuring premium rental pricing power that other waterfront apartments cannot match. Third, location trajectory: Dubai Islands is at an early stage of its development as a coastal district, meaning buyers in 2026 are acquiring at prices that reflect today’s infrastructure rather than the mature destination Dubai Islands will become by the end of the decade.

✓  0% Income Tax in the UAE ✓  0% Capital Gains Tax ✓  Only 63 Residences Globally ✓  Patented Technology (Cannot Be Copied) ✓  World-First Cooled Outdoor Amenities ✓  Waterfront Dubai Islands Location ✓  Early-Stage Location Upside ✓  Smart Home Technology ✓  Energy-Efficient Design ✓  Favourable AUD to AED Rate
UAE Golden Visa Eligibility

All REEF 997 residences are priced above AED 2 million, making every buyer eligible to apply for the UAE 10-year Golden Residency Visa. This provides long-term residency rights for the investor and their immediate family. Austrabay can guide you through the entire Golden Visa application process alongside your purchase.

The Developer
About REEF Luxury Developments

REEF Luxury Developments was established in 2024 with a founding principle: that luxury in Dubai should be defined by daily comfort, not visual design alone. Led by CEO Samer Ambar, the company holds a globally registered patent for its Sunken Balcony and Winter Garden technology, an innovation that no other developer in the world can replicate. REEF is not just a real estate company: it is a technology and lifestyle company operating in real estate.

Since launching, REEF has rapidly grown its portfolio across Dubai’s most strategic locations: Dubai Islands, Al Furjan, and Dubai Land Residence Complex. Its flagship REEF 1000 project sold out in a single day, and the developer is on track to launch 30 projects valued at approximately AED 14 billion by end of 2025, delivering over 5,000 residential units to the Dubai market.

AED 14B
Target Portfolio Value
5,000+
Residential Units
Patented
Sunken Balcony Technology
Austrabay Real Estate LLC · Your Bridge Between Australia and Dubai
Interested in REEF 997?

With only 63 residences available, REEF 997 will not stay on the market long. Our team is available across Australian and UAE time zones to assist you immediately.

0% Fees Charged to Buyers

Enquire Now
Contact us and we will send you the complete REEF 997 brochure, detailed floor plans, and current availability.
Austrabay Real Estate LLC
Dubai, Australia & International
RERA License No. 1562043  ·  austrabay.com
All prices and project details are sourced from REEF Luxury Developments and public listings as of June 2026. Prices are subject to change. Austrabay acts as an authorised marketing partner. Buyers are encouraged to conduct their own due diligence. AUD equivalents are approximate based on prevailing exchange rates.

City:
State/County:
Country: United Arab Emirates

Property Id: 22506
Price: AED 2,026,186

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Avinash Sharma