In an exciting development for Dubai’s real estate market, GFS Real Estate Development has announced the launch of its latest residential project, Coventry Residence, located in Dubai Industrial City. This new offering adds to the city’s growing list of affordable housing projects and is expected to meet the increasing demand for cost-effective living options. With a planned completion date set for the third quarter of 2027, Coventry Residence will feature 163 residential units, including 145 studios and 18 one-bedroom apartments, starting at prices from AED 450,080.
Modern Living at Affordable Prices
Designed to strike a balance between affordability and modern amenities, Coventry Residence offers residents a variety of community facilities. These include a rooftop outdoor cinema, a yoga and meditation center, landscaped gardens, a swimming pool, a fitness center, an indoor play area, dedicated children’s spaces, a poolside fireplace, as well as barbecue and gathering areas. Additionally, the project will feature a multipurpose hall and a social club to encourage community interactions.
Strategic Location for Connectivity
Situated in the heart of Dubai Industrial City, Coventry Residence boasts excellent connectivity to major road networks, with direct access to Sheikh Mohammed Bin Zayed Road and Emirates Road. The project is conveniently located just 7 minutes from the new Express Metro line and is a short ten-minute drive from Dubai Parks, with Al Maktoum International Airport only 15 minutes away. According to the developer, this strategically chosen location aims to cater to the growing demand from professionals and families seeking affordable housing that benefits from excellent transport links in Dubai.
Flexible Payment Structure
The payment structure introduced for Coventry Residence is designed to enhance accessibility for buyers. It offers a flexible plan starting with a 5% reservation fee, followed by a 15% payment within the first month. The subsequent installments will be distributed over 60 months with a monthly payment of 1%, covering both the pre-handover and post-handover phases. A final payment of 20% is due upon project completion, with an additional three-year post-handover payment plan aimed at supporting end-users and investors looking for long-term returns.
Commitment to Affordable Housing
Having operated in the UAE real estate market for over a decade, GFS Real Estate Development emphasizes that Coventry Residence reflects its sustained focus on developing mid-market residential projects. The company aims to provide value for both investors and end-users, addressing the rising demand in Dubai for affordable property ownership, especially in a landscape where rental prices continue to climb.
Renowned global star Carole Seviella, who attended the groundbreaking ceremony, remarked, “Dubai has always been a symbol of turning dreams into reality, and Coventry Residence embodies that spirit. It’s not just about building apartments, but creating a vibrant community where people can live, connect, and thrive. I’m honored to be a part of this launch, celebrating a project that brings opportunities and inspiration to many.”
With its competitive pricing, payment flexibility, modern amenities, and prime location, Coventry Residence is poised to attract significant interest from both local residents and international buyers looking to enter Dubai’s competitive real estate market.
About GFS Real Estate Development
Headquartered in Dubai, GFS Real Estate Development operates globally, with a presence in over 10 countries, including the USA, UK, Canada, Germany, and Saudi Arabia. The company has delivered over two million units, and its portfolio includes residential, commercial, and mixed-use projects. It is renowned for its innovative designs, timely project completions, and tailored payment plans for investors. The company continues to expand globally, working on developing modern communities ready for the future in key markets.