License expires Feb 2025
GROVY REAL ESTATE DEVELOPMENT L.L.C
License #728163 · Registered 2015 · 100% avg completion
Comprehensive DLD data · Based on 2 DLD-registered projects
01Developer verdict
VERIFY LICENSE
2 completed, 0 under construction. Verify delivery history before committing. Average yield 7.3%. Best performer: ARIA (#1118). License renewal due Feb 2025 — verify before committing to under-construction projects.
Top projects by rank: ARIA (#1118), ALCOVE (#1664)
02Key numbers
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
03Portfolio breakdown
2
projects
Completed2
Under construction0
Pending0
Recent completion track record
ALCOVEfinished
ARIAfinished
04Risk assessment
05Project portfolio — top performers
| Project | Rank | Yield | Growth | Total | AED/m² | |
|---|---|---|---|---|---|---|
| ARIAfinishedAl Barsha South Fourth | #1118 | 8.1% | — | — | 10.553 | Analyze project → |
| ALCOVEfinishedAl Barsha South Fourth | #1664 | 6.8% | — | — | 9.559 | Analyze project → |
06Before you buy from this developer
critical
License expired — 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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