Rivo By Grovy — project image
Off-Plan

Rivo By Grovy

From AED 860,000·Handover Dec 2027·20% down payment Payment
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AED 860,000
Starting Price
Dec 2027
Handover
20% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

Rivo By Grovy is a residential development by Grovy Developers, located in Dubai Land Residential Complex. The building comprises a basement, ground floor, eleven residential levels, and a rooftop with amenities. The architecture of the complex is striking in its boldness and sophistication. The contrast between a contemporary palette and warm natural materials adds expressiveness to the composition. Expansive glass façades provide abundant natural light, creating bright and spacious interiors. The complex present a curated collection of studios, as well as one-, two-, three- and four-bedroom apartments. The interiors are bright, spacious, and rejuvenating. Every corner reveals precision in planning and a thoughtful use of light, material, and texture. Residents have access to a wide range of amenities, including in- and outdoor areas with relaxation zones, a lobby, a barbecue area, a gym with a yoga zone, sauna and steam room, a clubhouse, and a children's playground. Key city landmarks are in close proximity: Global Village is 5 minutes away, Dubai Silicon Oasis can be reached in 7 minutes, Zayed University, Academic City, and Outlet Mall are in 10 minutes, Dubai International Airport — 16 minutes, Downtown — 15 minutes, IMG Worlds in 20 minutes, Museum of the Future in 21 minutes, Expo City Dubai in 24 minutes, and Al Maktoum International Airport in 26 minutes .

Project Specifications
DeveloperGrovy Developers
LocationDubailand Residence Complex
Unit TypesStudio, 1 BR, 2 BR, 3 BR, 4 BR, Apartments
AreaDubailand Residence Complex
Ownershipfreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 37,109 / year
Cash-on-Cash
2.2%
Levered cashflow AED 8,729
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 395,600 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Grovy Developers.

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Payment Structure

20% down payment

Published payment summary

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Amenities & Lifestyle

Arbour
BBQ
Billiards
Children’s pool
Club house
Covered Kids Play Area
Covered Parking
Dining outlets (coffee houses & restaurants)
Floating deck with sunbeds
Infinity pool
Landscaped garden
Leisure areas
Lift
Lobby
Lounge
Open Kids Play Area
Outdoor parking
Sauna
Shared Jacuzzi
Shared gym & fitness
Sitting Area
Smart home
Social zone
Steam
Temperature-Controlled Swimming Pool
Yoga Area

Location

Dubailand Residence Complex

Nearby Destinations

Dubailand Residence Complex

Developer and Project Facts

01

Rivo By Grovy by Grovy Developers

02

Located in Dubailand Residence Complex

03

Starting from AED 860,000

04

Unit mix includes Studio, 1 BR, 2 BR, 3 BR

05

Expected handover: Dec 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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