GFS Developments Unveils Coventry Residence in Dubai Industrial City
DUBAI – GFS Developments has announced the launch of Coventry Residence, a new affordable residential project situated in Dubai Industrial City. The development, scheduled for completion in the third quarter of 2027, is poised to address the city’s rising demand for accessible housing, offering a total of 163 units.
The project comprises 145 studios and 18 one-bedroom apartments, with prices starting from AED 450,080. It is designed to blend affordability with a host of community and lifestyle amenities. Residents will have access to a rooftop outdoor cinema, yoga and meditation center, landscaped gardens, a swimming pool, fitness center, and dedicated areas for barbecues and social gatherings. The development also features a multipurpose hall and clubhouse to foster a sense of community.
Strategically located with direct access to Sheikh Mohammed Bin Zayed Road and Emirates Road, Coventry Residence offers strong connectivity. The project is a short distance from the new Metro Express Line (7 minutes), Dubai Parks (10 minutes), and Al Maktoum International Airport (15 minutes), making it an attractive option for professionals and families seeking well-connected housing.
According to Michael Collings, General Manager of GFS Developments, Coventry Residence represents a “strategic investment opportunity in one of Dubai’s fastest-growing communities.” He noted that the competitive pricing, flexible payment plan, and long-term rental potential are designed to appeal to both end-users and investors.
To ensure broad accessibility, GFS Developments has introduced a flexible payment structure. The plan begins with a 5% booking fee, followed by 15% within the first month. Subsequent installments of 1% are due monthly over 60 months, covering both pre-handover and post-handover stages. A final 20% is due upon completion, with a three-year post-handover plan also available.
With more than a decade of experience in the UAE real estate market, GFS Developments emphasized that the project aligns with its focus on creating mid-market residential developments that provide value. The company stated that Coventry Residence is a response to the increasing demand for accessible property ownership amidst rising rental rates across Dubai.
International star Karol Sevilla, who attended the groundbreaking ceremony, remarked that Coventry Residence is about “creating a vibrant community where people can live, connect, and thrive.” She expressed her honor to be part of the launch of a project that brings “opportunity and inspiration to so many.”
Given its combination of pricing, flexible payment options, amenities, and strategic location, Coventry Residence is expected to attract significant interest from both local and international buyers looking for an entry point into Dubai’s dynamic property market.