2 projects
License expires Feb 2025

GROVY REAL ESTATE DEVELOPMENT L.L.C

License #728163 Β· Registered 2015 Β· 100% avg completion
🟒Comprehensive DLD data · Based on 2 DLD-registered projects
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2 completed, 0 under construction. Verify delivery history before committing. Average yield 7.3%. Best performer: ARIA (#1118). License renewal due Feb 2025 β€” verify before committing to under-construction projects.
Top projects by rank: ARIA (#1118), ALCOVE (#1664)
Total projects
2
DLD registered
Completed
2
100% done
Under construction
0
in progress
Avg yield
7.3%
on par / above
Sales (12m)
24
transactions
Rent contracts (12m)
105
strong demand
Occupancy
50%
105 / 212 units
Best rank
#1118
2
projects
Completed2
Under construction0
Pending0
Recent completion track record
ALCOVE
finished
ARIA
finished
ProjectRankYieldGrowthTotalAED/mΒ²
ARIAfinishedAl Barsha South Fourth#11188.1%β€”β€”10.553Analyze project β†’
ALCOVEfinishedAl Barsha South Fourth#16646.8%β€”β€”9.559Analyze project β†’
critical
License expired β€” do not proceed
License #728163 expired Feb 2025. Confirm renewal before any commitment.
context
Overall risk: MEDIUM
GROVY REAL ESTATE DEVELOPMENT L.L.C has 2 completed projects. Completed projects carry lower developer risk than off-plan.

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