Rove City Walk Hotel
Investors have the opportunity to buy individual rooms in Rove City Walk hotel and receive a share of the revenue.
Rove Hotels has opened the doors of its eighth hotel in Dubai. Rove City Walk is within walking distance of the Coca-Cola Arena. With this new hotel, Rove Hotels has over 3,000 rooms in Dubai. Rove City Walk boasts the usual atmosphere found across the trendy brand, with a 24-hour gym, a pool and sundeck, a self-service laundromat and a ‘boutique convenience store.’ It has a selection of F&B venues.
It’s an Investment product.
It’s a freehold property with a title deed.
It’s not a hotel apartment.
It’s a rental pool with revenue sharing.
There is no service charge.
It’s not a rental pool with management fees and profit sharing.
With 566 keys, the hotel marks the first time Rove has made itself available to investors.
“The latest addition – Rove City Walk – brings Rove’s much-loved concept and accessible hospitality to one of Dubai’s most premium locations and gives visitors an unbeatable jump-off point to start their Dubai adventure from,” added Paul Bridger of Rove Hotels.
The hotel is a unique model because it will mark the first time the brand is giving investors a chance to invest in Rove Hotels. With Rove City Walk, investors can buy individual rooms within the hotel and they will then get a share of that room’s revenue.
Investors will get a split of the revenue but the hotel room will still be fully managed by Rove.
The rooms are going for just over AED800,000, but with that, you get a good chunk of revenue from day one. Unlike an apartment, you won’t have to worry about finding a tenant or furnishings or fixing a leak when something goes wrong.
Rove City Walk presents an ideal opportunity to invest in Dubai’s fast-growing tourism sector, with the city set to welcome 20 million visitors annually by 2020 in addition to over 25 million visitors to the Expo 2020 Dubai. According to MasterCard Global Destination Cities Index 2018, Dubai is the fourth most visited city in the world with the highest international overnight visitor spend. Aiming to be the world’s No 1 tourism destination, Dubai has announced its new Tourism Strategy to welcome over 25 million annual visitors by 2025.
Rove City Walk is a premier hotel room investment product with investors assured 40% revenue share, up to 8% return on investment, 50% off on all Rove Hotels in Dubai, and two weeks free stay per year at Rove City Walk.
Rove City Walk has a spectacular location in the heart of the city, only 15 minutes from the Dubai International Airport. It is within walking distance of the iconic Burj Khalifa, The Dubai Mall, The Dubai Fountain and Dubai Opera in Downtown Dubai, Dubai Arena in City Walk and the Jumeirah beach.
Offers a rich array of amenities including a 24×7 coffee shop and mini-mart, a modern gymnasium, an outdoor pool and expansive deck and a 24-hour in-house laundromat, among others.