PropertyIndex

GROVY REAL ESTATE DEVELOPMENT L.L.C

Developer in Dubai · 2 projects across 1 community

GROVY REAL ESTATE DEVELOPMENT L.L.C is a Dubai property developer with 2 registered projects comprising 464 units. 22 sales are registered with the Dubai Land Department across its portfolio, at a current PIX© price of AED 894 per sqft. At AED 894 per sqft, GROVY REAL ESTATE DEVELOPMENT L.L.C prices 53% below the Dubai market average of AED 1,921 per sqft on registered sales.

Projects
2
2 completed
Inventory
464units
464 completed
Communities
1
across Dubai
PIX© PSF
894AED/sqft
5.3% YoY
Gross yield
6.8%
PIX© rent ÷ PIX© price
Sale records
22
DLD · L12M · 21.44M AED
Rent contracts
72
Ejari · L12M

Delivery track record

Handovers completed and the forward pipeline, by expected completion year, from DLD project registrations.

Delivered
2 projects
464 units
In pipeline
0 projects
-
’18
’19
’20
’21
Delivered unitsPipeline unitsRegistered inventory by completion year · n/d = no date on record

Portfolio

Every GROVY REAL ESTATE DEVELOPMENT L.L.C project. PIX© PSF-priced projects appear first; projects without a current price follow. Select a marker or number for the snapshot.

Map of comparable projects in this portfolio
CompletedSelectedNumbers follow table order · PIX© PSF-priced projects first
Selected · #1 of 2
Aria
GROVY REAL ESTATE DEVELOPMENT L.L.CCompleted
PIX© PSF
Trend
Typical price
Yield
Units
264
Sales · L12M
10
Rents · L12M
37
RankProjectUnitsPIX© PSFPSF YoYTypical priceYieldSalesRents
Aria
GROVY REAL ESTATE DEVELOPMENT L.L.C · Completed
2641037
Alcove
GROVY REAL ESTATE DEVELOPMENT L.L.C · Completed
2001235
Sales and rents are last-12-month DLD/Ejari records.

Common questions about GROVY REAL ESTATE DEVELOPMENT L.L.C

Answered from Dubai Land Department registered transactions.

How much does a GROVY REAL ESTATE DEVELOPMENT L.L.C property cost?

GROVY REAL ESTATE DEVELOPMENT L.L.C prices at AED 894 per sqft on current PIX© values, based on 22 sales registered with the Dubai Land Department in the last 12 months.

What rental yield do GROVY REAL ESTATE DEVELOPMENT L.L.C properties achieve?

GROVY REAL ESTATE DEVELOPMENT L.L.C yields 6.8% gross, calculated from current PIX© rents against current PIX© sale prices across 72 registered Ejari contracts.

How many projects does GROVY REAL ESTATE DEVELOPMENT L.L.C have in Dubai?

GROVY REAL ESTATE DEVELOPMENT L.L.C holds 2 registered projects comprising 464 units, per the Dubai Land Department project register.

Where does GROVY REAL ESTATE DEVELOPMENT L.L.C build in Dubai?

GROVY REAL ESTATE DEVELOPMENT L.L.C has registered projects in Jumeirah Village Circle, per the Dubai Land Department project register.

Have GROVY REAL ESTATE DEVELOPMENT L.L.C prices gone up or down?

Prices across GROVY REAL ESTATE DEVELOPMENT L.L.C's portfolio have fallen -5.3% over the last 12 months, to AED 894 per sqft, across 22 registered sales.

Is GROVY REAL ESTATE DEVELOPMENT L.L.C expensive compared to the Dubai market?

At AED 894 per sqft, GROVY REAL ESTATE DEVELOPMENT L.L.C prices 53% below the Dubai market average of AED 1,921 per sqft on registered sales.