997 Residences By Reef Luxury Development construction progress

Between March 2026 and August 2026 the site added about 0.9 points a month. At that rate it would finish around October 2035, more than three months after the March 2028 date registered with the Land Department.

All 15 site photos, by inspection date

When will 997 Residences By Reef Luxury Development be completed?

The completion date registered with the Dubai Land Department is March 2028. At the pace of its recent inspections the site would reach 100% around October 2035. Developers can apply to the Land Department to extend the date, so check the register before relying on it.

How much of 997 Residences By Reef Luxury Development is built?

4.9%, measured at the Land Department site inspection on 27 August 2026. The Land Department engineers have inspected the site 4 times since June 2025.

Is 997 Residences By Reef Luxury Development delayed?

It is running behind. At the rate of the last year it would finish more than three months after its registered date of March 2028.

Who is building 997 Residences By Reef Luxury Development?

The registered developer is Reef Luxury Development. It has 5 other projects under construction in Dubai.

Which bank holds the escrow account for 997 Residences By Reef Luxury Development?

First Abu Dhabi Bank. Dubai law requires payments for off-plan units to go into a project escrow account at a bank approved by the Land Department, so buyer money is held against this project only.