Dubai: GFS Developments has announced the launch of Coventry Residence, a new residential project in Dubai Industrial City designed to bring affordable housing with premium lifestyle features to the emirate’s growing property market. Scheduled for completion in the third quarter of 2027, the development will deliver 163 units, including 145 studios and 18 one-bedroom apartments, with prices starting at AED 450,080.
Coventry Residence is positioned to meet rising demand from professionals and families seeking affordable yet well-connected housing in Dubai. The project blends cost-effectiveness with community-focused amenities, including a rooftop outdoor cinema, yoga and meditation center, landscaped podium gardens, a swimming pool, fitness center, indoor games area, and children’s play spaces. Additional features such as a poolside fireplace, barbecue zones, and a multipurpose hall are intended to create a vibrant and socially engaging residential environment.
Strategically located within Dubai Industrial City, the project enjoys direct access to Sheikh Mohammed Bin Zayed Road and Emirates Road, ensuring strong connectivity across the city. It is also situated close to the upcoming Metro Express Line, just seven minutes away, with major destinations such as Dubai Parks only 10 minutes from the site and Al Maktoum International Airport reachable within 15 minutes. GFS Developments highlighted that the location was carefully selected to serve a growing demographic of residents and investors looking for both convenience and value in Dubai’s property market.
“Coventry Residence is not just another project in our portfolio; it represents a strategic investment opportunity in one of Dubai’s fastest-growing communities,” said Michael Collings, General Manager of GFS Developments. He emphasized that the project’s competitive pricing, flexible payment plan, and long-term rental potential are expected to attract both end-users and investors seeking secure returns.
The developer has introduced a payment structure aimed at maximizing accessibility. Buyers can book with a 5% fee, followed by 15% within the first month, with subsequent 1% installments spread over 60 months. A final 20% is due upon completion, supported by a three-year post-handover plan to ensure affordability and long-term ownership flexibility.
International star Karol Sevilla, who attended the groundbreaking ceremony, praised the project as a symbol of opportunity. “Dubai has always been a symbol of dreams becoming reality, and Coventry Residence captures that same spirit. It’s not only about building apartments, but about creating a vibrant community where people can live, connect, and thrive,” Sevilla said.
With its combination of affordability, premium amenities, and strong connectivity, Coventry Residence is poised to attract both local buyers and international investors seeking entry into Dubai’s competitive real estate sector. The project underscores GFS Developments’ continued focus on building mid-market residential communities that balance lifestyle and value while contributing to the city’s long-term housing growth.
