Developer benchmark · July 2026

GFS off-plan projects: AED 1,389/sqft

GFS has 15 off-plan projects in our July 2026 dataset across 6 communities (most in Dubai Industrial City, Dubai South, Dubai Land Residence Complex).

Across 69 priced unit records the median asking price is AED 1,389 per sqft (31% below the Dubai-wide off-plan median), with the middle half between AED 1,236 and AED 1,521.

The median unit is AED 828K for 648 sqft.

GFS payment plans typically ask 5% on booking and 44% before handover; 100% include post-handover instalments.

Its heaviest handover year is 2027 with 11 projects due.

#32 of 391 developers by projects#162 of 208 by AED/sqft15 projects69 priced unitsDubai 14 · Ajman 1

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Median AED/sqft

1,389

p25 1,236 to p75 1,521

Median asking price

AED 828K

for a median 648 sqft unit, in the Under AED 1M band

Paid before handover

44%

median of 15 payment plans

Communities

Dubai Industrial City, Dubai South

5 of 6 measures have the evidence to publish

Scorecard

15 off-plan, 0 on record as delivered

Completions on record

none in this corpus

Live off-plan

6 communities, 69 priced units

Price against neighbours

0.93x

7% below the other builders at the same addresses

Payment plan discount

5.51%

median of 14 priced schedules, market 5.26%

Measure	This developer	Base	What it says, and does not
Completions on record	0	15 off-plan	No completed building by this name appears in the corpus. That is not the same as never having delivered: see the note below.
Past its stated handover	0 of 15	0% vs 6% market	Off-plan projects whose own published handover date has passed while the source still records them as under construction. One observation cannot separate a delayed building from a listing nobody refreshed, so this is a flag to check, not a finding.
Price against neighbours	0.93x	13 projects	Each project’s median rate per sqft over the median of the other builders in the same community, then the median of those. The developer’s own projects are excluded from the benchmark. Middle half 0.85x to 1.04x.
Payment plan discount	5.51%	14 schedules	How much less the unit costs in today’s money than its headline, once the published schedule is discounted. Market median 5.26%. Terms, not price: the full ranking.
Community footprint	6 communities	14 located projects	A focused book: 50% of it sits in Dubai Industrial City. Concentration is a fact about exposure, in either direction, not a verdict.
Listing completeness	99%	15 off-plan	Share of five listing facts published across its own projects: price 100%, handover date 100%, unit inventory 100%, payment plan 93%, coordinates 100%. Market 86%. This scores disclosure, not the buildings.

The scorecard does not measure whether GFS hands over on time. Every project in this corpus carries one handover date, the date its listing stated when we read it. There is no separately recorded original announced date and no earlier reading of the same project to compare against, so no on-time rate can be computed, and we publish none rather than a proxy. The completions column is also bounded by what the corpus can see: 1,034 of the 1,087 delivered buildings on record handed over in 2020 or later (96%), and the corpus only sees projects that were listed on the portals we read, so an absent completion is an absence of evidence rather than evidence of absence. Full definitions, queries and limitations: methodology.

Distribution of asking price per sqft

Where the prices sit

69 units, 2nd to 98th percentile

Min

784

p25

1,236

Median

1,389

Mean

1,394

p75

1,521

Max

1,948

0 of the 69 records are individual units with a listed price and size; the rest are unit-type starting prices. See methodology.

Price, size and AED/sqft

By bedroom count

Type	Units	Median AED/sqft	p25 to p75	Median price	Median size	Entry (p25 price)
Studio	21	1,488	1,298 to 1,530	AED 497,000	365 sqft	AED 494,190
1 BR	28	1,298	1,214 to 1,472	AED 827,852	654 sqft	AED 801,600
2 BR	17	1,386	1,200 to 1,437	AED 1,241,840	894 sqft	AED 1,223,000

From 15 published plans

Payment plan norms

Median GFS structure

39%

20%

36%

Dubai-wide median structure

20%

40%

30%

On bookingDuring constructionOn handoverPost-handover

Medians are computed stage by stage, so bars may not sum to exactly 100. Plans with a stated total outside 90 to 110% are excluded.

On booking

range 5% to 5%

Before handover

44%

range 44% to 50%

Post-handover plans

100%

median 36% after keys

50% or less pre-handover

87%

share of plans

Scheduled handovers by quarter

Delivery pipeline

Q1 '27

Q2 '27

Q3 '27

Q4 '27

Q1 '28

Q2 '28

Q4 '28

Q1 '29

By year: 2027 (11), 2028 (3), 2029 (1). Construction status: under construction 15.

6 communities

Where GFS builds

Dubai Industrial City 7 Dubai South 2 Dubai Land Residence Complex 2 Al Warsan 1 Jumeirah Village Circle 1 Dubai Production City 1

15 tracked

Every GFS off-plan project

Open in the index

Project	Community	Type	From	Median AED/sqft	Pre-handover	Handover	Status
Canterbury Waterfront	Ajman	Apartment	AED 494K	1,445	56%	Q1 2029	On sale
Coventry Gardens Phase 2 by GFS	Dubai Land Residence Complex	Apartment	AED 622K	1,275	50%	Q3 2027	Might Be Sold Out
Coventry Living	Jumeirah Village Circle	Apartment, Duplex	AED 684K	1,597	44%	Q2 2028	Sold out
Coventry Residences III	Dubai Industrial City	Apartment	AED 491K	1,146	5%	Q4 2027	Sold out
Coventry Gardens	Dubai Land Residence Complex	Apartment	AED 576K	1,213	50%	Q1 2027	Sold out
Coventry 49	Dubai South	Apartment	AED 633K	1,380	44%	Q3 2027	Sold out
Coventry 66	Dubai South	Apartment	AED 525K	1,190	50%	Q2 2027	Sold out
Coventry Casa	Dubai Industrial City	Apartment	AED 517K	1,701	44%	Q3 2027	Sold out
Coventry Place	Dubai Production City	Apartment	AED 667K	1,933	44%	Q4 2027	Sold out
Coventry 2	Al Warsan	Apartment	AED 857K	1,291	55%	Q4 2028	Sold out
Coventry Centro	Dubai Industrial City	Apartment	AED 497K	1,275	44%	Q3 2027	Sold out
Coventry Curves	Dubai Industrial City	Apartment	AED 509K	1,279	44%	Q4 2027	Sold out
Coventry Residence	Dubai Industrial City	Apartment	AED 450K	1,187	44%	Q3 2027	Sold out
Coventry Twins	Dubai Industrial City	Apartment	AED 564K	1,438	43%	Q3 2027	Sold out
Coventry Cove	Dubai Industrial City	Apartment	AED 476K	n/a	n/a	Q1 2028	Sold out

Project facts (name, community, starting price, handover, payment plan) are as published by the developer. Median AED/sqft is our computation over that project's priced units.

Compare on AED/sqft

Developers at a similar price point

Developer	Projects	Priced units	Median AED/sqft	vs GFS	Pre-handover
Lion Stone	1	160	1,383	0%	50%
Amer Al Ghurair	3	84	1,398	+1%	60%
Nyx	2	39	1,402	+1%	60%
Greenfield	1	36	1,369	-1%	20%
Rabdan	9	62	1,365	-2%	50%
Bloom Holding	16	102	1,418	+2%	50%

FAQ

Questions this data answers

What is GFS's average off-plan price per sqft?+

Across 69 priced units in 15 GFS projects (July 2026), the median asking price is AED 1,389 per sqft, with the middle half between AED 1,236 and AED 1,521.

Where is GFS building off-plan?+

GFS has projects in 6 communities. The largest concentrations are Dubai Industrial City (7), Dubai South (2), Dubai Land Residence Complex (2), Al Warsan (1), Jumeirah Village Circle (1).

What payment plan does GFS usually offer?+

Across 15 published GFS payment plans the median structure is 5% on booking, 39% during construction and 20% on handover, so 44% before keys. 100% of plans include post-handover instalments.

When are GFS's off-plan projects handing over?+

Scheduled handovers by year: 2027: 11, 2028: 3, 2029: 1. Dates are as published by the developer and can move.

How much does a GFS off-plan unit cost?+

Studio: median AED 497,000 for 365 sqft; 1 BR: median AED 827,852 for 654 sqft; 2 BR: median AED 1,241,840 for 894 sqft.

The notes behind the numbers on this page