Location: International City Phase 3 (Warsan 4), Dubai – Just 5 minutes from the upcoming Metro Blue Line station
Commercial Retail
Coventry 2 Retail
PriceFrom AED 1,800 PSF
CompletionQ4 2027
DeveloperGFS
LocationInternational City
Property
Coventry II by GFS Developments
Project Overview
G + 10 Residential Floors
Total Residential Units: 393
- Studios: 184 units
- 1-Bedroom Apartments: 194 units
- 1-Bedroom + Study: 15 units
Retail Units: 3
Sizes: 1,037 – 1,729 sq. ft
Price: From AED 1,800 per sq. ft
Expected Completion: Q4 2027
Payment Plan
- AED 50,000 Booking Fee
- 5% on Initial Unit Booking
- 15% within 30 days
- 1% Monthly for 35 Months (Pre-Handover)
- 10% on Building Completion Certificate
- 1% Monthly for 35 Months (Post-Handover)
Amenities:
- Swimming Pool: A serene retreat designed for rest and relaxation, perfect for a refreshing escape at any time of day.
- Fitness Facilities: Male and Female Gyms equipped with modern machines and open workout spaces.
- Kids Play Area: A dedicated, secure space encouraging fun, creativity, and social interaction for little ones.
- Rooftop Lounge: A scenic venue to gather, dine, or unwind with skyline views and ambient seating.
- Landscaped Green Areas: Lush gardens and peaceful walkways bring nature closer, providing a perfect balance to urban life.
Connectivity:
- Upcoming Metro Blue Line: 5-minute walk (launching September 2029)
- Downtown Dubai: 25 minutes
- Global Village: 15 minutes
- Dragon Mart: 10 minutes
- Mirdif City Centre: 10 minutes
- Academic City & Silicon Oasis: Nearby
Summary:
Coventry II is a value-driven residential tower in the heart of International City Phase 3. The building offers modern layouts, quality amenities, strong future connectivity, and limited high-visibility retail investment opportunities.
Illustrative model
Scenario modeller
Set your own assumptions and see how Coventry 2 Retail behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
Nothing to calculate yet
Enter the asking price to run the model.
Every figure recalculates as you type. Use the price you are actually considering.
How each figure is calculated
- Handover
- The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
- Gross yield
- Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
- Net yield
- (Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
- Rent growth
- Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
- ROI
- Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
- ROE
- Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
- Cash-on-cash return
- Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
- IRR
- The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.
An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.
Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell’s Realty is a trading brand; the RERA-licensed entity is The Luxury Real Estate Brokers LLC.
Location
Coventry 2 — International City, Dubai