Faq’s

Who is IRTH?

IRTH is a real estate investment platform, founded in Dubai. In 2023, IRTH announced ROVE HOME at Downtown Dubai – the first-ever ROVE branded residential project, set for completion in 2026. With several other upcoming developments at prime locations, IRTH continues to build on its legacy - founded on a solid commitment to excellence, trust, and quality lifestyle living.

Who is the owner of IRTH?

IRTH is a privately held investment platform, founded by the Alshamsi family. The Managing Director is Osman Celiker.

What is Rove Home?

Rove Home branded residences are an addition to the Rove Hotels brand. Designed to embody Rove’s signature style and catering to the dynamic population of Dubai, Rove Home developments stand out with uplifting interiors, a world of exciting amenities, strategic prime locations, and an elevated urban lifestyle experience.

How many Rove Home developments have been announced in Dubai?

In Dubai, three Rove Home projects have been announced. Rove Home Downtown Dubai in Downtown in 2023 and Rove Home Marasi Drive in Business Bay and Rove Home Dubai Marina in 2024.

Is Rove Home a Branded Residences property?

Yes, Rove Home are branded residences. ROVE Hotels is a Dubai based award-winning lifestyle brand, launched as a joint venture between Meraas Holding and Emaar Properties PJSC. Its flagship hotels include Rove Hotel City Walk, Rove Hotel La Mer Beach, Rove Hotel Expo City, among other locations.

What is different about Rove Home branded residences?

Rove Home branded residences are an addition to the Rove Hotels brand, being developed by IRTH. From interiors that uplift and energise, and unique amenities that are thoughtful and engaging to contemporarily stylish yet cosy apartments - Rove Home projects promise a modern and hassle-free, community living experience.

How to buy a Rove Home in Dubai?

If you are interested in buying a Rove Home in Dubai, you can connect with us by calling us on 800 IRTH (4784) or emailing us at info@irth.ae.

Are Rove Home projects off-plan?

Yes, Rove Home developments - Rove Home Downtown Dubai, Rove Home Marasi Drive and Rove Home Dubai Marina are off-plan projects in Dubai.

What are the documents required to buy a property?

We require the investor's Emirates ID or Passport Copy.

How can I pay for the purchase of the property?

We accept the below methods of payment: - Bank Transfer - Cheque- Online Payment through a link- Credit Card Payments - Cryptocurrency. For more specific questions related to payments, please feel free to write to us on info@irth.ae

What is an off-plan property? Can I sell an off-plan development before its completion date?

Off-plan properties refer to under-construction properties that have not yet been built. Yes, you can sell an off-plan property before the completion date.

What is the difference between leasehold and freehold properties?

A Leasehold property is a property that is leased out to a Lessee for a specific time. A Freehold property is a property that is sold outright for a specific purchase price to a Purchaser and there is no limit on ownership rights.

What costs are involved in buying a property in Dubai?

Buying a property in Dubai involves multiple costs levied by government agencies such as the Dubai Land Department (DLD), real estate agents or developers, mortgage lenders, and service charges. It includes:- Dubai Land Department (DLD) Fees - 4% of the purchase price + admin fees that vary for apartments, offices, land, and off-plan) - Property Registration Fees – AED 2000+ 5% VAT for properties valued below AED 500,000 and AED 4000 + 5% VAT for properties valued above AED 500,000 - Mortgage Registration Fees Dubai Land Department – 0.25% of Loan amount + AED 290 - Agency Fees – 2% of the final sales price - Service charges – Charged on a square foot basis, ranging anywhere between AED 3 to AED 30 or more

What documents are involved in purchasing a property?

The documents involved in purchasing a property in UAE include: - A copy of the sale and purchase contract - A copy of a valid Emirates ID - A copy of a valid passport for non-residents.

How much tax do I pay when buying a property in Dubai?

There is no tax to pay when you buy a property in Dubai. It is one of the great benefits of buying property in Dubai.

What is EOI?

In EOI or Expression of Interest phase, investors deposit a specified amount to register the interest in a property project.

What is a prime location in real estate?

A prime location is a highly desirable, central location in a city that boasts an appealing neighborhood and is often in close proximity to business and tourist landmarks like restaurants, shopping malls, healthcare, public transportation, etc. In real estate, prime locations have more potential for returns as compared to non-prime areas.

What is Average Price Per Square Foot? Is it Useful?

The average price per square foot or average PPSF is an important tool that helps you asses the value of a property. It is calculated by dividing the market value of the property by total square footage (sqft).

What is DLD & RERA?

DLD stands for Dubai Land Department. DLD is the regulatory government body that deals with property and real estate-related legislation, organization, and services for all real estate transactions in Dubai. RERA stands for Real Estate Regulatory Agency. RERA Is the regulatory arm of DLD that regulates the real estate sector in Dubai. It handles the relationship between all contracting parties and organizes the properties’ exchange process.

How can I estimate the potential returns on my Dubai real estate investment?

To assist you in calculating your possible return on investment (ROI), consider the following simplified formula: ROI (%) is equal to [(Total Investment / Net Profit) x 100] This can be broken down into: - Net Profit: the income you generate from the property minus all associated costs. This includes rental income, minus expenses such as property management fees, maintenance costs, and service charges. - Total Investment: Total investment includes the property purchase price, closing costs (e.g., registration fees), and any renovation or improvement expenses. - ROI: The percentage that represents the return on your investment While calculating ROI, a few additional factors need to be considered like rental income based on market rates and occupancy levels, property appreciation, and additional expenses like mortgage, and property management fees.

What is a short-term rental? Is it easy to operate short-term rentals in Dubai?

A short–term rental is typically defined as a rental of any residential home unit for a short period usually ranging from 1 day up to 6 months. It is quite easy to operate a short-term rental property in Dubai since all the required procedures are completed via the Department of Economy and Tourism (DET)’s online portal. To operate a short-term rental home in Dubai, you first must be registered as a private owner. After that, you must obtain the proper permit for your property to make it a holiday home. Both procedures are done through the Department of Economy and Tourism (DET)’s online portal.

What are the best areas for real estate investment in Dubai?

Prime locations in Dubai offer a myriad of amenities and facilities, making them excellent choices for investment. Some of the top destinations for real estate investment in Dubai include Downtown Dubai, Dubai Marina, Business Bay, Jumeirah Village Circle, and Palm Jumeirah among others.

Do I get a residency visa if I purchase a property in Dubai?

Yes, it is possible to obtain a residency visa in Dubai by purchasing a property. The United Arab Emirates (UAE) government has implemented several programs that allow property buyers to obtain residency visas through investment, including 3, 5 and 10-year visas.

What is Golden Visa in Dubai?

The Golden visa is a long-term residence visa which enables foreign talents to live, work or study in the UAE while enjoying exclusive benefits. Real estate investor owning a property the purchase value of which is equal to or more than 2 million AED at the time of purchase, to apply for a 10-years renewable residence permit.

Is it worth buying a property in Dubai?

Yes, there are numerous benefits of buying property in Dubai. For those seeking potentially lucrative returns and a luxurious lifestyle, Dubai offers a booming economy, investor-friendly environment, iconic architecture and innovative projects, attracting global attention and making it an ideal destination for high-end buyers and tenants.

What is an ESCROW account, and who manages this?

An escrow account is an account where funds are held in trust whilst two or more parties complete a transaction. In Dubai, Escrow account is managed by RERA and the account trustee which is bank. Funds are only released from the escrow account when all the specified conditions and terms of the transaction are fulfilled.