What is the payment plan for Coventry Residence?

Coventry Residence by GFS Developments is sold on a 5/39/20, 36% post-handover plan: 5% on booking, 39% during construction, 20% upon handover, 36% within 36 months ph, as published by the developer.

How much is the booking amount for Coventry Residence?

5% of the price. On the cheapest unit at AED 531K that is AED 26,519.

How much do I pay before I get the keys to Coventry Residence?

64% of the price, the payment due on handover day included. On the cheapest unit at AED 531K that is AED 340K by handover in Q4 2027.

Does Coventry Residence have a post-handover payment plan?

Yes. 36% (AED 191K on the cheapest unit) is paid after handover. If you sell before handover, this is how it works.

What are the registration fees on Coventry Residence?

The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 531K that is AED 21,215. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.

When is the handover of Coventry Residence?

GFS Developments publishes Q4 2027, which is 14 months from now.

GFS Developments · Dubai Industrial City · handover Q4 2027

Coventry Residence payment plan, price and handover

Coventry Residence by GFS Developments in Dubai Industrial City, Dubai is sold on a 5/39/20, 36% post-handover payment plan. On the cheapest unit, starting from AED 531K, that is AED 340K (64%) paid by handover in Q4 2027 and AED 191K (36%) after the keys. Handover is 14 months away.

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The Coventry Residence payment plan in dirhams

Payment plan as published by the developer

Stage	Share
On booking	5%
During construction	39%
Upon Handover	20%
Within 36 months PH	36%

On the cheapest unit (Studio, 394 sqft, AED 531K)

On booking	AED 26,519
During construction	AED 206,849
Upon Handover	AED 106,077
Within 36 months PH	AED 190,938
Paid by handover (64%)	AED 339,445
Months to handover	14
After handover (36%)	AED 190,938

Percentages as published by GFS Developments. Dirham figures are those percentages applied to the published starting price of AED 530,383. Registration and other fees are not included.

What each unit size pays at Coventry Residence

The same plan, applied to the starting price GFS Developments publishes for each size in the building.

Unit	From	On booking (5%)	During construction (39%)	Upon Handover (20%)	Within 36 months PH (36%)
Studiofrom 394 sq ft	AED 530,383	AED 26,519	AED 206,849	AED 106,077	AED 190,938
1 bedfrom 688 sq ft	AED 917,340	AED 45,867	AED 357,763	AED 183,468	AED 330,242

Starting price per size as published by GFS Developments; each column is that size’s published starting price multiplied by the stage percentage above.

What it costs to register Coventry Residence

The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to GFS Developments and not to EZRE, and it sits outside the payment plan above. Administration, trustee and any developer charges are separate and are not shown here.

Unit	From	Land Department 4%
Studio	AED 530,383	AED 21,215
1 bed	AED 917,340	AED 36,694

4% applied to each published starting price. The rate is the Dubai Land Department’s published registration fee and is not a figure from the register.

Everything else on Coventry Residence

Coventry Residence payment plan: questions buyers ask

What is the payment plan for Coventry Residence?: Coventry Residence by GFS Developments is sold on a 5/39/20, 36% post-handover plan: 5% on booking, 39% during construction, 20% upon handover, 36% within 36 months ph, as published by the developer.
How much is the booking amount for Coventry Residence?: 5% of the price. On the cheapest unit at AED 531K that is AED 26,519.
How much do I pay before I get the keys to Coventry Residence?: 64% of the price, the payment due on handover day included. On the cheapest unit at AED 531K that is AED 340K by handover in Q4 2027.
Does Coventry Residence have a post-handover payment plan?: Yes. 36% (AED 191K on the cheapest unit) is paid after handover. If you sell before handover, this is how it works.
What are the registration fees on Coventry Residence?: The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 531K that is AED 21,215. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.
When is the handover of Coventry Residence?: GFS Developments publishes Q4 2027, which is 14 months from now.