Rove City Walk - City Walk Phase 2  

Rove City Walk is a hotel development by Emaar which for the first time is offering investors a chance to own a hotel room in a Rove development and earn rental income of between 7 - 8% a year along with other incentives. Sales in the project commenced on the 9th of December 2018.

Master Community: City Walk Phase 2
Property Types Available: Hotels
Location: Sheikh Zayed Road
Status: Under Construction
Year Launched: 2018
Estimated Completion Date: December 2021
Developer: Emaar
Hotel Operator: Rove Hotels
Title Type: Freehold
Quality Classification: 3 Star Hotel
Height Classification: Low-rise
Life Cycle: Launch Stage
No. of Under-Construction Hotel Rooms: 340

Rove City Walk - earn 7% net income along with other incentives

AED 733,000 for a hotel room. 3 year payment-plan. Sales have commenced. Send your inquiry to connect with project sales.

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About Rove City Walk

Summary

- Total of 340 hotel rooms

- All units priced at AED 733,000

- Sizes of 253 sq. ft.

- Approximate net income of 6.7 - 8% per year

- All owners get 2 weeks stay per annum for life

- 2% DLD Waiver (for bookings done till December 16th 2018)

Key Points

Emaar's hotel brands include Address, Vida and Rove. The Rove brand was launched in 2014 and so far there are three ready Rove hotels in Dubai and another 6 under-construction.

A majority of current & future hotel supply in Dubai is skewed towards luxury hotel developments whereas the majority of future demand is projected in the budget segment. Rove has been winning numerous awards for service, design and value for money since its inception.

The Rove City Walk has an incredibly prime location, right opposite Downtown and in the center of one of Dubai's most popular retail / entertainment destinations - City Walk.

The feasibility of investing in the hotel room is fairly staright-forward. The hotel will pay room share to all owners and there is a number of materials available which demonstrate projected revenue which increases per year.

Payment-Plan

5% down-payment

5% in Jan 2019

5% in May 2019

5% in Oct 2019

5% in March 2020

5% in Aug 2020

5% in Jan 2021

5% in Jun 2021

60% on completion in September 2021

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