Real Estate company GFS Developments unveils Coventry Residence within Dubai Industrial City's grounds
New Residential Project, Coventry Residence, Breaks Ground in Dubai Industrial City
Coventry Residence, a new residential project, has been announced in Dubai Industrial City. The development, set to be completed in Q3 2027, is the latest offering from GFS Developments, a company with over a decade of experience in the UAE real estate market.
The project is strategically located with strong connectivity to major highways such as Sheikh Mohammed Bin Zayed Road and Emirates Road, making it easily accessible for residents and visitors alike. Coventry Residence is also within close reach of the new Metro Express Line, accessible in just 7 minutes, and Dubai Parks can be reached in 10 minutes.
Coventry Residence caters to a rising demand from professionals and families seeking affordable yet well-connected housing options in Dubai. The development offers a range of community amenities designed to enhance the living experience. These include a rooftop outdoor cinema, yoga and meditation center, landscaped podium gardens, swimming pool, fitness center, indoor games area, children's play spaces, a poolside fireplace, and dedicated zones for barbecues and gatherings.
Residents will also benefit from a multipurpose hall and clubhouse, designed to encourage social interaction. The project will deliver 163 units, including 145 studios and 18 one-bedroom apartments, priced from Dh450,080.
GFS Developments' focus on building mid-market residential projects that deliver value to both investors and end-users is evident in Coventry Residence. The payment structure includes a 5% booking fee, followed by a 15% payment within the first month. Subsequent installments will be spread across 60 months, with 1% due each month covering both pre-handover and post-handover stages. A final 20% payment is due upon completion.
The location of Coventry Residence has been chosen to serve this growing demand. International star Karol Sevilla, who attended the groundbreaking ceremony, stated that Coventry Residence captures the spirit of Dubai as a symbol of dreams becoming reality.
Michael John Collings, the General Manager of GFS Developments, is responsible for leading the company’s operations and expanding its presence in Europe, including opening a new office in Frankfurt to facilitate access to Dubai’s real estate market for investors.
Coventry Residence is expected to draw interest from both local residents and international buyers seeking an entry point into Dubai's competitive property market. The project reflects GFS Developments' commitment to delivering value and responding to Dubai's rising demand for accessible property ownership, particularly at a time when rental rates across the city continue to increase.
In addition, a three-year post-handover plan has been incorporated to support end-users and investors seeking long-term affordability and return on investment. Al Maktoum International Airport can be reached in 15 minutes from Coventry Residence, making it an attractive option for both residents and investors.
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