Rove Home Downtown Property Development By OCTA Properties

Last Updated on: 11th November 2024, 02:23 pm

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Welcome to the groundbreaking Rove Home Downtown Property Development by OCTA Properties, an innovative residential project that is set to reshape urban living in the heart of Dubai’s vibrant downtown area. With its completion slated for Q2 2026, this development promises to offer a unique combination of style, comfort, and modern living. The project features a diverse selection of living spaces, including studio, 1-bedroom, and 2-bedroom apartments, catering to both individuals and families alike. Starting prices for these apartments will begin at approximately AED 1,122,888 for a studio unit, making it an attractive investment opportunity for prospective buyers looking to enjoy all that the Rove Home Downtown has to offer. The architectural excellence brought forth by Archorp, combined with the operational expertise by Memon Group and Rove Hotels, ensures that OCTA Properties Rove Home stands tall among similar developments in the area¹. With rents estimated to yield returns of around 6-7%, investors can expect favorable outcomes from their property investments in this dynamic community².

Key Takeaways

• Rove Home Downtown is located in the bustling Downtown Dubai area.
• The project will feature studio, 1-bedroom, and 2-bedroom apartments.
• Price range for a studio starts around AED 1,122,888.
• Estimated rental yields of 6-7% make it an attractive investment.
• Completion is scheduled for Q2 2026.

Overview of Rove Home Downtown

Rove Home Downtown, established by OCTA Properties, signifies a remarkable shift in the landscape of Downtown Property Development. This project not only prioritizes an outstanding living environment but also ensures convenient access to the bustling urban scene. The positioning of Rove Home Downtown within the Burj Khalifa District allows residents to quickly engage with iconic attractions like the Burj Khalifa and Dubai Mall.

Introduction to OCTA Properties

OCTA Properties Development is recognized for its innovative approaches and quality constructions. Their focus on creating upscale residential spaces has made them a vital player in the competitive real estate market. With Rove Home Downtown, OCTA continues its tradition of excellence, ensuring that each unit is designed with attention to detail.

Key Features of Rove Home Downtown

Rove Home Downtown caters to a variety of lifestyles, offering a total of 384 fully furnished residences, including studios and one or two-bedroom apartments spanning from 410 to 1,343 square feet. The pricing structure begins from AED 1.1M for studios, AED 1.7M for one-bedroom apartments, and AED 3.2M for two-bedroom options, all available with a flexible payment plan that includes a 50% payment during construction and the remaining 50% upon project’s completion³. Noteworthy is that apartments priced over AED 2 million grant a 10-year GOLDEN VISA to investors³.

The project features a broad range of amenities that enhance the living experience, reflecting one of the highest amenities-per-unit ratios in Downtown Dubai⁴. Residents will enjoy facilities like two pools, a tennis court, a jacuzzi, and a dedicated cinema, along with unique artistic installations that foster a vibrant community atmosphere⁵. Scheduled for completion in the second quarter of 2026, Rove Home provides an opportunity for both luxurious living and astute investment³.

Living Spaces and Amenities

Rove Home Downtown redefines urban living with a range of thoughtfully designed residences that cater to the needs of modern occupants. The development features various options, including well-appointed studios, alongside spacious one and two-bedroom apartments, making it perfect for individuals and families alike. Each living space is elegantly furnished and provides ample room for relaxation and entertainment.

Types of Residences Available

Among the offerings at Rove Home Downtown, studio apartments are the most sought-after, typically spanning from 410 sq. ft. to 420 sq. ft., followed by 1-bedroom units that cover approximately 700 sq. ft. Two-bedroom apartments are larger, extending over 1,300 sq. ft., catering to those desiring more expansive living areas. The pricing structure reflects the luxury aspect of these residences, with averages of AED 1,479,000 for studios, AED 2,238,000 for 1-bedroom apartments, and AED 3,789,000 for 2-bedrooms⁶.

Premium Amenities for Residents

Residents of Rove Home Downtown enjoy an impressive array of amenities tailored for an active lifestyle. This includes access to luxurious facilities like an infinity beach pool, a spa, a Jacuzzi, and a state-of-the-art gym. Sport enthusiasts will appreciate basketball and paddle tennis courts, alongside play areas designed for families. Rove Home Downtown boasts one of the highest ratios of amenities per residential unit in the area, ensuring comfort and convenience⁷.

Natural Light and Scenic Views

Designed to invite natural light, the residences feature bi-fold glass doors that lead to large balconies, offering panoramic views of the iconic Burj Khalifa and the vibrant surroundings. This design element fosters a seamless connection with the outdoors, enhancing the overall living experience. Furthermore, the property, located steps away from both Dubai Mall and Dubai Opera, positions residents in the heart of Downtown Dubai, ensuring that a lively lifestyle is always within reach⁷. The project is set to be completed by Q2 2026, bringing forth a new standard of urban living in this bustling metropolis⁶.

Conclusion

Rove Home Downtown by OCTA Properties is poised to transform the Dubai real estate landscape through its innovative design, luxurious amenities, and strategic location. This Downtown Property Development is an ideal choice for both residents and investors looking to immerse themselves in an upscale urban lifestyle while enjoying one of the highest ratios of amenities per residential unit in Downtown Dubai⁸. With its completion expected in Q2 2026, Rove Home Downtown promises an array of offerings including unfurnished studio apartments that range from 410 to 1,343 square feet, ensuring a customizable living experience⁹.

The property’s standout features, such as impressive 3-meter ceilings and disappearing walls that effectively double living space, exemplify the innovative approach Rove Home Downtown takes in contemporary design and functionality⁸. Residents will find a vibrant community enriched with amenities including an infinity beach pool, a jogging track, and even a podcast studio, creating an inviting atmosphere for both relaxation and recreation⁹.

In summary, Rove Home Downtown encapsulates the essence of luxury living in Dubai while promising high returns on investment, making it an exceptional opportunity for savvy homebuyers and investors alike. As this project moves forward, it stands as a testament to the evolving nature of urban living, and it is certain to be a centerpiece of Dubai’s iconic residential offerings⁸.

To learn more about this unique investment opportunity, click here.

Source Links

1. https://www.propertyfinder.ae/en/new-projects/octa-properties/rove-home-downtown
2. https://rovehome-downtown.com/en/
3. https://dubai-immo.com/en/properties/rove-home-downtown/
4. https://www.morgansrealty.com/development/view/rove-home-downtown
5. https://everhomes.ae/off-plan/rove-home-downtown/
6. https://www.bayut.com/buildings/rove-home-downtown/
7. https://keycapitalproperties.com/properties/rove-home-downtown/
8. https://buyany.house/property/2023/09/rove-home-downtown-unparalleled-glitz-glamour/
9. https://ulo.ae/object/rove-home-downtown-id-393/property/789/