License expires May 2026
GROVY HOMES REAL ESTATE DEVELOPMENT L.L.C
License #1044183 · Registered 2022 · 33.3% avg completion
Comprehensive DLD data · Based on 3 DLD-registered projects
01Developer verdict
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 — verify before committing to under-construction projects.
Top projects by rank: AURA by Grovy (#441)
02Key numbers
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
03Portfolio breakdown
3
projects
Completed1
Under construction0
Pending2
Recent completion track record
AURA by Grovyfinished
04Risk assessment
05Project portfolio — top performers
| Project | Rank | Yield | Growth | Total | AED/m² | |
|---|---|---|---|---|---|---|
| AURA by GrovyfinishedAl Barsha South Fourth | #441 | 9.3% | — | — | 12.467 | Analyze project → |
| —pendingPalm Deira | — | — | — | — | 0 | Analyze project → |
| —pendingWadi Al Safa 5 | — | — | — | — | 0 | Analyze project → |
06Before you buy from this developer
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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