Grovy Real Estate Development L.L.C

Grovy is here with Ramada Residences on Central Island, and the hook is the brand: this is a Ramada-branded residence, tying the building to a globally recognised hotel name. A hotel brand on a residence usually signals managed amenities and a serviced-rental route, and it gives the rental listing something specific to say in a market where a lot of Dubai Islands stock will look similar on the portals.

The pricing is notably fair. Ramada Residences is from about AED 2.3M at AED 2,445 per sq.ft, which is right on the island median, so you are paying a market rate for a branded product rather than a premium for the badge. That is unusual and in the buyer's favour, since branded residences often charge up for the name. It is on Central Island, the built-up core with the deepest resale market on the archipelago, which supports both end-user demand and resale.

Sizes run from around 945 sq.ft up to 2,300, with one to four bedrooms, in a small 68-unit building, so it spans the compact investor unit and the larger family apartment, with the quieter address and lower internal competition that a small building brings. The payment plan is a soft 40/60, deferring most of the price to handover, which is more buyer-friendly than the standard island 60/40. Handover is dated Q3 2027, a reasonable near-to-mid horizon.

The honest read on Ramada Residences is a strong one for a branded product: a recognisable hotel brand, a price exactly on the median rather than at a premium, a soft plan and a small building on the best-connected island. The brand gives it rental appeal, and because it is not priced up for the badge, you are getting the differentiation without the usual tax. As with any newer developer here, confirm on-site progress and check exactly what the Ramada management arrangement includes rather than assuming a full hotel service. On the fundamentals, it is one of the more sensible branded entries on Central Island.

Ramada Residences is priced from AED 2.3M at AED 2,445 per sq.ft. That is 0% above the Dubai Islands apartment median of AED 2,445, a gap of AED 0 per foot, which puts it in the upper half of island pricing. On its 40/60 payment plan, that entry price splits into about AED 920K committed across construction and AED 1.38M due at handover. Budget roughly another 6 to 7 per cent to complete, around AED 150K: the 4 per cent Dubai Land Department fee, trustee and admin, the first year of service charge and snagging. At this price the registered value clears the AED 2M threshold for the 10-year Golden Visa. Handover is dated Q3 2027, the building holds 68 units, sized 945 to 2,300 sq.ft, currently selling. View the full listing →