3 projects
License expires May 2026

GROVY HOMES REAL ESTATE DEVELOPMENT L.L.C

License #1044183 Β· Registered 2022 Β· 33.3% avg completion
🟒Comprehensive DLD data · Based on 3 DLD-registered projects
CONDITIONAL BUY
1 completed, 0 under construction. Verify delivery history before committing. Average yield 9.3%. Best performer: AURA by Grovy (#441). License renewal due May 2026 β€” verify before committing to under-construction projects.
Top projects by rank: AURA by Grovy (#441)
Total projects
3
DLD registered
Completed
1
33.3% done
Under construction
0
in progress
Avg yield
9.3%
on par / above
Sales (12m)
15
transactions
Rent contracts (12m)
105
strong demand
Occupancy
30%
105 / 352 units
Best rank
#441
3
projects
Completed1
Under construction0
Pending2
Recent completion track record
AURA by Grovy
finished
ProjectRankYieldGrowthTotalAED/mΒ²
AURA by GrovyfinishedAl Barsha South Fourth#4419.3%β€”β€”12.467Analyze project β†’
β€”pendingPalm Deiraβ€”β€”β€”β€”0Analyze project β†’
β€”pendingWadi Al Safa 5β€”β€”β€”β€”0Analyze project β†’
critical
Verify license renewal plan
License #1044183 expires May 2026. Confirm renewal status before any commitment on active/pending projects.
context
Overall risk: MEDIUM
GROVY HOMES REAL ESTATE DEVELOPMENT L.L.C has 1 completed projects. Completed projects carry lower developer risk than off-plan.

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