Rivo By Grovy
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
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 37,109 / year
Cash-on-Cash
2.2%
Levered cashflow AED 8,729
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 55,900 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Rivo By Grovy launch basis956AED 860,000Current launch / asking basis
Dubailand Residence Complex ready-stock comps1,500AED 1.35MIndicative resale benchmark
Dubailand Residence Complex premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Grovy Developers.

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Enter your details to access brochures, floor plans & payment schedules

Payment Structure

20% down payment

Flexible Payment

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Floor Plans

Rivo By Grovy — 1 Bedroom Floor Plan

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

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Dubailand Residence ComplexDubailand Residence ComplexDubai, UAE

Developer Track Record

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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