Dubai’s Rove Hotels to invest $780m in Oman projects
Rove Hotels, a joint venture between Emaar Properties and Dubai Holding’s Meraas, has signed an agreement to invest $780 million building hospitality and commercial projects in Oman.
Rove, which inked the agreement with the state-owned Oman Investment Authority (OIA), is making its debut in Oman. Construction will start in the third quarter of this year, the OIA said in a statement.
In the first phase, the projects will include two hotels, 150 hotel apartments and a commercial centre with 700 office spaces to be built along an expressway in Muscat and in the industrial city of Duqm.
Since starting in 2016, the Rove Hotels brand has grown to around 6,000 rooms and residences across the region. Rove properties had 85 percent occupancy in the second quarter of 2025, according to Emaar’s presentation for the period.
Emaar is a UAE real estate development company with operations also covering retail and shopping malls, leisure and hospitality.
Founded in 1997, Emaar was listed on the Dubai Financial Market in 2000 and became the first property company to offer shares to foreign nationals. Its stock price has risen about 15 percent in the last year.
Further reading:
- Revenue and occupancy up at Oman’s luxury hotels
- Emaar’s Alabbar and Armani reboot hotel partnership
- Oman signs $260m contracts for tourism projects
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