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IRTH Group: Dubai Projects and Rove Partnerships

IRTH Group is a privately held Dubai developer founded by the AlShamsi family, with its office in The Opus in Business Bay. Osman Celiker is chief executive. Since September 2023 it has announced 1,836 homes across three Rove Home towers — Downtown Dubai, Marasi Drive and Dubai Marina — plus two office projects under its own brand, HQ by Rove at Marasi Bay and Haus of Tenet in Business Bay, with the first handover year the company publishes, 2026, at Rove Home Downtown Dubai.

Last verified: 20 August 2026

Active in Business BayDowntown DubaiDubai MarinaMarasi Bay

About IRTH Group

IRTH Group describes itself as a privately held real-estate investment platform founded by the AlShamsi family, drawing on what it calls a family conglomerate with a heritage of more than a century. The company states three values for its work — trust, strength and agility — and its Dubai portfolio combines Rove-branded residences with commercial projects under its own name. See "Who owns IRTH Group?" below for ownership and leadership.

Rove-branded residences

IRTH's partnership with Rove Hotels began with Rove Home Downtown Dubai, introduced in September 2023 as the first Rove-branded residence built anywhere. The partnership has since added Rove Home Marasi Drive and Rove Home Dubai Marina — the latter named Lifestyle Project of the Year 2024 at the Gulf Business Real Estate Game Changer Awards. Unit counts and handover years for each tower are in the trackRecord table above.

Commercial portfolio, including what GRAF sells

Haus of Tenet in Business Bay, launched 30 January 2026, is the one IRTH project GRAF sells, and the developer's first commercial project under its own brand rather than a Rove licence. It combines up to 225 shell-and-core office units with a Collector's Programme that gives buyers shared ownership of curated artwork in the building's public spaces. Separately, HQ by Rove at Marasi Bay is a hospitality-branded workplace where IRTH appointed Cushman & Wakefield Core for property management and leasing in September 2025 — GRAF does not sell units there.

Construction brought in-house

IRTH announced IRTH Contracting in July 2026 as the delivery platform for its current and future portfolio. See "How IRTH Group differs" and the FAQ below for what that changes operationally.

Rove-branded residences and workplaces across central Dubai locations

PremiumResidentialCommercialRoveDubai

Who owns IRTH Group?

IRTH Group is privately held. Its homepage states that the company was founded by the AlShamsi family, and its FAQ page answers the ownership question with the same sentence, naming Osman Celiker as Managing Director; the About Us team page gives him as Chief Executive Officer. LinkedIn records the company type as privately held and its size as 51–200 employees. The About Us page places IRTH inside an unnamed family conglomerate with a heritage of more than a century. No shareholder register, audited accounts or exchange filing has been published, so no percentage is given here.

Source: IRTH Group — FAQ, Who is the owner of IRTH? · IRTH Group — official website

Track record

Buildings that made the name

01 Rove Home Downtown Dubai The first Rove-branded residences anywhere. The launch release gives 348 fully-furnished studios and one- and two-bedroom apartments in the Burj Khalifa district; the project page states an anticipated handover year of 2026. Launched 2023
02 Rove Home Marasi Drive Business Bay, on the Dubai Canal. 809 apartments and more than 50 amenities across 110,000 sq ft, spread over a podium, a sky garden and the roof. Anticipated handover 2027. Launched 2024
03 Rove Home Dubai Marina 679 apartments a short walk from the Marina Promenade, with 71,000 sq ft of amenity space and a Sky 44 rooftop. Named Lifestyle Project of the Year 2024 at the Gulf Business Real Estate Game Changer Awards. Anticipated handover Q4 2027. Launched 2024
04 HQ by Rove — Marasi Bay Presented by the developer as the first hospitality-branded office building in the region: 23 office floors of furnished, serviced modular offices with 120,000 sq ft of amenities. Cushman & Wakefield Core was appointed in September 2025 for property management and leasing. Anticipated handover Q1 2029. Launched 2025
05 Haus of Tenet Business Bay. The first commercial project under IRTH's own brand rather than a Rove licence: up to 225 shell-and-core office units across 87 clusters, 60,000 sq ft of amenities, and a Collector's Program giving investors shared ownership of the art placed in the public spaces. Anticipated handover Q2 2028. Launched 2026
06 IRTH Contracting Construction and delivery brought inside the company in July 2026, named as responsible for Rove Home Marasi Drive, Rove Home Dubai Marina, HQ by Rove, Haus of Tenet and the rest of the pipeline. Brought in-house 2026

IRTH track record

Homes announced

1,836

348 at Downtown Dubai, 809 at Marasi Drive, 679 at Dubai Marina

Homes handed over

The first anticipated handover year published is 2026, at Rove Home Downtown Dubai

Office developments

HQ by Rove at 23 office floors and Haus of Tenet at up to 225 office units

Development value, IRTH and Rove partnership

AED 3bn+

The partnership's own figure, stated 27 March 2025

The counts are the developer's own on-page counters. Homes, office floors and office units are three different measures and are not added together.The earliest anticipated handover year the company publishes is 2026, at Rove Home Downtown Dubai.

What IRTH is known for

Homes announced since September 2023

1,836 across three towers

Industry award

Lifestyle Project of the Year 2024 for Rove Home Dubai Marina, Gulf Business Real Estate Game Changer Awards, 20 February 2025

Development value, IRTH and Rove partnership

AED 3bn+, the partnership's own figure, March 2025

First Rove-branded residences anywhere

Rove Home Downtown Dubai, launched September 2023

First hospitality-branded office building in the region

HQ by Rove's own positioning claim; 23 office floors, handover Q1 2029

The 1,836 homes and the AED 3 billion development value are announced and launched figures, not handovers — see the trackRecord table above for delivery status."First" claims here are the developer's own positioning, not a third-party ranking.

Buildings are ultimately judged by what people see, but delivery is defined by everything they never see.

Osman Celiker Chief Executive Officer, IRTH Group Gulf Business — on the launch of IRTH Contracting, 15 July 2026

Where IRTH builds

Haus of Tenet, Business Bay Apartments in Dubai Handover by 2027

Current projects via GRAF

Haus of Tenet (Offices)

Business Bay, Dubai

From AED 3.2M

View project →

How IRTH differs from other Dubai developers

IRTH Group works from four central Dubai addresses and builds two kinds of product: branded homes under a licensed hotel name, and offices under its own. The developer publishes a unit count and an anticipated handover year for every project, and brought construction in-house in 2026.

The residential brand is licensed, not owned: Rove Home carries the name of Rove Hotels, which IRTH's own FAQ describes as a joint venture between Meraas Holding and Emaar Properties PJSC. IRTH is the developer of its three towers; the brand belongs to the joint venture.
Not every Rove Home is an IRTH project: Rove Hotels lists six Rove Home addresses. Three are IRTH's. Rove Home Meydan Horizon is stated on the Rove site as developed in partnership with Al Ain, and Rove Home Aljada and Rove Home Muscat Central are outside Dubai.
Studios to two bedrooms, not the ultra-luxury end: The published mix across the three towers is furnished studios, one- and two-bedroom apartments, with combinable units and a limited run of sky lofts at Dubai Marina.
Two of five projects are offices: HQ by Rove at Marasi Bay is 23 office floors of furnished, serviced modular space. Haus of Tenet is up to 225 shell-and-core units across 87 clusters.
Amenity area is published per project: 71,000 sq ft at Dubai Marina, 110,000 sq ft at Marasi Drive, 120,000 sq ft at HQ by Rove and 60,000 sq ft at Haus of Tenet.
Construction was taken in-house: IRTH Contracting was launched in July 2026 and named as the delivery platform for the current and future portfolio.

Why GRAF recommends IRTH

GRAF sells one IRTH Group project: Haus of Tenet, a shell-and-core office development in Business Bay aimed at C-suite executives, family offices and business owners who want an art-curated commercial address rather than a standard floor plate.

What the record shows about Haus of Tenet

Unit count and handover are both publishedUp to 225 shell-and-core office units across 87 clusters on 15 office floors, launched 30 January 2026, with an anticipated handover of Q2 2028.
A named art programme, not a generic amenity listThe Collector's Programme gives buyers shared ownership of curated artwork placed in the building's public spaces, alongside 60,000 sq ft of amenities — a private VIP valet, a members' club, executive wellness space and a private F&B lounge.
Business Bay connectivityDirect access to Sheikh Zayed Road and Al Khail Road, with views over the Dubai Canal and the Godolphin Stables.

GRAF editorial team

IRTH — frequently asked questions

Who owns IRTH Group?

IRTH Group is privately held by the AlShamsi family, per the company's own homepage and FAQ page. No shareholder register or exchange filing has been published, so no ownership percentage is stated — see the ownership answer above for full detail.

Source: IRTH Group — FAQ, Who is the owner of IRTH?

What has IRTH Group built?

Five projects have been announced since September 2023: Rove Home Downtown Dubai with 348 homes, Rove Home Marasi Drive with 809, Rove Home Dubai Marina with 679, HQ by Rove at Marasi Bay with 23 office floors, and Haus of Tenet in Business Bay with up to 225 office units. The earliest anticipated handover year the developer publishes is 2026, at Rove Home Downtown Dubai.

Source: IRTH Group — Developments

Is Rove Home an IRTH brand?

No. IRTH's own FAQ page states that Rove Hotels was launched as a joint venture between Meraas Holding and Emaar Properties PJSC. Rove Home is that brand extended to residences; IRTH is the developer of the three Dubai towers. Other Rove Home projects belong to other developers — Rove Hotels states that Rove Home Meydan Horizon is developed in partnership with Al Ain.

Source: Rove Hotels — Rove Home

What is HQ by Rove?

A hospitality-branded office building at Marasi Bay in Business Bay, presented by the developer as the first of its kind in the region. Its project page gives 23 office floors of furnished, serviced modular offices with 120,000 sq ft of amenity space and an anticipated handover of Q1 2029. IRTH appointed Cushman & Wakefield Core in September 2025 to run property management and leasing.

Source: IRTH Group — HQ by Rove, Marasi Bay

What is Haus of Tenet?

An office development in Business Bay and the first commercial project under IRTH's own brand rather than a Rove licence. Construction Business News Middle East describes up to 225 shell-and-core office units across 87 clusters on 15 office floors, with 60,000 sq ft of amenities. A Collector's Program gives investors shared ownership of the art placed in the public spaces. Anticipated handover is Q2 2028.

Source: Construction Business News Middle East — IRTH Group launches Haus Of Tenet

What is IRTH Contracting?

The construction and delivery arm IRTH Group brought in-house in July 2026. Gulf Business reports it as responsible for Rove Home Marasi Drive, Rove Home Dubai Marina, HQ by Rove, Haus of Tenet and the rest of the pipeline, moving design, construction and handover into one company.

Source: Gulf Business — IRTH launches in-house contracting arm

When was IRTH Group founded?

The company does not publish a founding year. It is absent from its Home, About Us, Contact and FAQ pages and from its LinkedIn profile. The About Us page says only that IRTH is part of a family conglomerate with a heritage spanning more than a century. The earliest dated public act is the launch of Rove Home Downtown Dubai on 12 September 2023.

Source: IRTH Group — About Us

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Official sources

Official website IRTH Group — official site IRTH Group — developments IRTH Group — FAQ Haus of Tenet — official project site Rove Home — Rove Hotels IRTH Group — LinkedIn

About this profile

Maintained by the GRAF editorial team from public sources and our own project data. Updated 20 August 2026. Contact us