(source : ANI) ( Photo Credit : ani)
GFS Developments has unveiled Coventry Residence, a new affordable housing project in Dubai Industrial City that is set to finish in the third quarter of 2027. The complex will feature 163 units – 145 studios and 18 one‑bedroom apartments – with prices starting at AED 450,080.
Designed to blend low cost with lifestyle perks, Coventry Residence offers a rooftop outdoor cinema, yoga and meditation lounge, landscaped podium gardens, a swimming pool, fitness centre, indoor games hall, children’s play area, poolside fireplace, and dedicated barbecue zones. A multipurpose hall and clubhouse will give residents a place to meet and connect.
Location is a major selling point. The development sits on Sheikh Mohammed Bin Zayed Road and Emirates Road, providing rapid links to the new Metro Express Line (just a seven‑minute ride). Dubai Parks is only 10 minutes away, and Al Maktoum International Airport is 15 minutes away. The site was chosen to meet the rising demand for affordable homes that are still well‑connected in Dubai, aimed at professionals and families.
Michael Collings, GFS’s General Manager, says Coventry Residence is a smart investment in one of Dubai’s fastest‑growing communities. “With competitive pricing, a flexible payment plan and strong rental potential, it appeals to both buyers and investors looking for solid value and reliable returns,” he told reporters.
The payment plan starts with a 5 % booking fee and a 15 % payment in the first month. Thereafter, buyers pay 1 % each month over a 60‑month period (covering pre‑handover and post‑handover stages) and a final 20 % upon completion. A three‑year post‑handover plan is also available, giving buyers and investors long‑term affordability and upside.
GFS has operated in the UAE market for more than ten years, focusing on mid‑market projects that deliver value. Coventry Residence comes at a time when rental rates across Dubai are climbing, making ownership more attractive.
The project’s groundbreaking ceremony was attended by international star Karol Sevilla, who highlighted the project’s ethos. “Dubai has always been a place where dreams become reality,” she said. “Coventry Residence is not just apartments; it’s a vibrant community that lets people live, connect and thrive.”
With its mix of affordable prices, flexible financing, top‑notch amenities and prime location, Coventry Residence should attract both local residents and international buyers looking for a foothold in Dubai’s competitive property market.
Source: aninews
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