DUBAI: GFS Developments has unveiled Coventry Residence, a new residential project in Dubai Industrial City, aimed at meeting the city’s rising demand for affordable housing. Scheduled for completion in Q3 2027, the project will deliver 163 units — including 145 studios and 18 one-bedroom apartments — with prices starting at AED 450,080.
Designed to blend affordability with lifestyle, Coventry Residence will feature a rooftop cinema, yoga and meditation center, landscaped podium gardens, swimming pool, fitness center, indoor games area, children’s play zones, barbecue facilities, and a multipurpose clubhouse.
Strategically located, the project offers direct connectivity to Sheikh Mohammed Bin Zayed Road and Emirates Road, with access to the upcoming Metro Express Line in just seven minutes. Dubai Parks and Al Maktoum International Airport will be reachable within 10 and 15 minutes, respectively.
Michael Collings, General Manager of GFS Developments, said: “Coventry Residence is not just another project in our portfolio; it represents a strategic investment in one of Dubai’s fastest-growing communities. With competitive pricing, flexible payment plans, and long-term rental potential, it will appeal to both end-users and investors.”
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The payment plan starts with a 5% booking fee, 15% within the first month, followed by 60 monthly installments of 1% each, and a final 20% upon completion. Buyers will also benefit from a three-year post-handover plan.
International star Karol Sevilla, present at the groundbreaking, remarked: “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.”
With its competitive pricing, location, and amenities, Coventry Residence is expected to attract both UAE residents and international investors looking for strong value in Dubai’s property market.
