What is the payment plan for Reef 997?

Reef 997 by REEF Luxury Developments is sold on a 20/20/30, 30% post-handover plan: 20% on booking, 20% during construction, 30% upon handover, 30% within 30 months post handover, as published by the developer.

How much is the booking amount for Reef 997?

20% of the price. On the cheapest unit at AED 2.3M that is AED 456,033.

How much do I pay before I get the keys to Reef 997?

70% of the price, the payment due on handover day included. On the cheapest unit at AED 2.3M that is AED 1.6M by handover in Q1 2028.

Does Reef 997 have a post-handover payment plan?

Yes. 30% (AED 684K on the cheapest unit) is paid after handover.

What are the registration fees on Reef 997?

The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 2.3M that is AED 91,207. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.

When is the handover of Reef 997?

REEF Luxury Developments publishes Q1 2028, which is 18 months from now.

REEF Luxury Developments · Dubai Islands · handover Q1 2028

Reef 997 payment plan

Reef 997 by REEF Luxury Developments in Dubai Islands, Dubai is sold on a 20/20/30, 30% post-handover payment plan. On the cheapest unit, starting from AED 2.3M, that is AED 1.6M (70%) paid by handover in Q1 2028 and AED 684K (30%) after the keys. Handover is 18 months away.

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The Reef 997 payment plan in dirhams

Payment plan as published by the developer

Stage	Share
On booking	20%
During construction	20%
Upon Handover	30%
Within 30 months Post Handover	30%

On the cheapest unit (1–3 BR, AED 2.3M)

On booking	AED 456,033
During construction	AED 456,033
Upon Handover	AED 684,049
Within 30 months Post Handover	AED 684,049
Paid by handover (70%)	AED 1,596,115
Months to handover	18
After handover (30%)	AED 684,049

Percentages as published by REEF Luxury Developments. Dirham figures are those percentages applied to the published starting price of AED 2,280,165. Registration and other fees are not included.

The Reef 997 instalment schedule, line by line

REEF Luxury Developments publishes 2 payment plans for Reef 997. Each is shown as published, with every instalment and the charges listed alongside it.

Plan 1 of 2: Payment Plan

Published by REEF Luxury Developments

Stage	Instalment	Share	On AED 2,280,165
On booking20%	On Booking	20%	AED 456,033
	DLD Feefee	4%	AED 91,207
	Admin feesfee	fixed	AED 5,250
During construction20%	1st Installment to 4th Installment	4 × 5%	AED 114,008 each
Upon Handover	as published	30%	AED 684,049
Within 30 months Post Handover30%	1st Installment to 30th Installment	30 × 1%	AED 22,802 each
Total of the plan		100%	AED 2,280,165

Lines marked fee (DLD Fee, Admin fees) are charges the developer lists alongside the plan. They are paid on top of the price and are not part of the percentages above.

Plan 2 of 2: Payment Plan

Published by REEF Luxury Developments

Stage	Instalment	Share	On AED 2,280,165
On booking20%	On Booking	20%	AED 456,033
	Admin Feefee	fixed	AED 5,250
	DLD Feefee	4%	AED 91,207
During construction20%	1st Installment to 4th Installment	4 × 5%	AED 114,008 each
Upon Handover	as published	60%	AED 1,368,099
Total of the plan		100%	AED 2,280,165

Lines marked fee (Admin Fee, DLD Fee) are charges the developer lists alongside the plan. They are paid on top of the price and are not part of the percentages above.

Instalments and charges as published by REEF Luxury Developments; the dirham column applies each percentage to the published starting price of AED 2,280,165. Fixed charges are printed as published. Registration with the Land Department is shown separately below.

What each unit size pays at Reef 997

The same plan, applied to the starting price REEF Luxury Developments publishes for each size in the building.

Unit	From	On booking (20%)	During construction (20%)	Upon Handover (30%)	Within 30 months Post Handover (30%)
1 bedfrom 836 sq ft	AED 2,280,165	AED 456,033	AED 456,033	AED 684,049	AED 684,049
2 bedfrom 1,220 sq ft	AED 3,229,399	AED 645,880	AED 645,880	AED 968,820	AED 968,820
3 bedfrom 2,536 sq ft	AED 7,178,682	AED 1,435,736	AED 1,435,736	AED 2,153,605	AED 2,153,605

Starting price per size as published by REEF Luxury Developments; each column is that size’s published starting price multiplied by the stage percentage above.

What it costs to register Reef 997

The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to REEF Luxury Developments and not to EZRE, and it sits outside the payment plan above. Administration, trustee and any developer charges are separate and are not shown here.

Unit	From	Land Department 4%
1 bed	AED 2,280,165	AED 91,207
2 bed	AED 3,229,399	AED 129,176
3 bed	AED 7,178,682	AED 287,147

4% applied to each published starting price. The rate is the Dubai Land Department’s published registration fee and is not a figure from the register.

Everything else on Reef 997

Reef 997 payment plan: questions buyers ask

What is the payment plan for Reef 997?: Reef 997 by REEF Luxury Developments is sold on a 20/20/30, 30% post-handover plan: 20% on booking, 20% during construction, 30% upon handover, 30% within 30 months post handover, as published by the developer.
How much is the booking amount for Reef 997?: 20% of the price. On the cheapest unit at AED 2.3M that is AED 456,033.
How much do I pay before I get the keys to Reef 997?: 70% of the price, the payment due on handover day included. On the cheapest unit at AED 2.3M that is AED 1.6M by handover in Q1 2028.
Does Reef 997 have a post-handover payment plan?: Yes. 30% (AED 684K on the cheapest unit) is paid after handover.
What are the registration fees on Reef 997?: The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 2.3M that is AED 91,207. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.
When is the handover of Reef 997?: REEF Luxury Developments publishes Q1 2028, which is 18 months from now.