Developer · #239 by 12M value
GFS Real Estate
Market bulletin · Thu, 22 Oct 2026
GFS Real Estate: median AED 1,265/sqft, flat over three months on 37 sales
GFS Real Estate recorded 10 sales worth AED 6.41M in the 30 days to Thu, 22 Oct 2026, down 47.4% on the previous 30 days. Over the last week 1 sale was registered (AED 499K), against 4 the week before.
The median sale over the last three months was AED 530K, or AED 1,265/sqft — like-for-like prices per sqft flat on the previous three months and down 4.2% on a year earlier. Monthly medians over the past year ranged from AED 1,147/sqft to AED 1,520/sqft.
By market over 12 months: developer off-plan sales 96.5%, off-plan resales 3.5%.
GFS Real Estate registered 85 sales worth AED 65.1M in 12 months across 4 communities, ranking #239 among Dubai developers by value. Its most active project was GFS Conventry Gardens II (31 sales).
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | AED 1,129 |
| Sept 26 | AED 1,280 |
| Aug 26 | AED 1,294 |
| Jul 26 | AED 1,271 |
| Jun 26 | AED 1,147 |
| May 26 | AED 1,520 |
| Apr 26 | AED 1,393 |
| Mar 26 | — |
| Feb 26 | AED 1,271 |
| Jan 26 | — |
| Dec 25 | AED 1,289 |
| Nov 25 | — |
| Oct 25 | AED 1,365 |
| Sept 25 | AED 1,250 |
| Aug 25 | AED 1,254 |
| Jul 25 | AED 1,249 |
| Jun 25 | AED 1,216 |
| May 25 | AED 1,250 |
| Apr 25 | AED 1,212 |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 6 | 0 | 0 |
| Sept 26 | 14 | 1 | 0 |
| Aug 26 | 12 | 0 | 0 |
| Jul 26 | 11 | 1 | 0 |
| Jun 26 | 6 | 0 | 0 |
| May 26 | 5 | 0 | 0 |
| Apr 26 | 6 | 0 | 0 |
| Mar 26 | 2 | 0 | 0 |
| Feb 26 | 5 | 1 | 0 |
| Jan 26 | 0 | 0 | 0 |
| Dec 25 | 9 | 0 | 0 |
| Nov 25 | 4 | 0 | 0 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 10 | down 47.4% | AED 6.41M | 1,154 | down 10.5% |
| Last 3 months | 37 | up 85.0% | AED 25.2M | 1,265 | down 1.1% |
| Last 6 months | 57 | up 103.6% | AED 40.3M | 1,265 | down 6.4% |
| Last 12 months | 85 | up 10.4% | AED 65.1M | 1,280 | up 2.4% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Off-plan (developer) | 82 | 96% | AED 657K | 1,282 | up 2.6% |
| Off-plan resale | 3 | 4% | — | — | — |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Studio | 45 | 53% | AED 528K | 1,289 | down 2.0% |
| 1 bedroom | 31 | 36% | AED 1.03M | 1,278 | up 2.2% |
| 2 bedrooms | 9 | 11% | AED 1.14M | 1,042 | down 5.3% |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 85 | 100% | AED 645K | 1,280 | up 2.4% |
Projects
By sales value, last 12 months
| Project | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| GFS Conventry Gardens IIDubailand Residence Complex | 31 | 1,393 | — |
| Coventry 2International City Phase 2 & 3 | 14 | 1,246 | — |
| Coventry GardensDubailand Residence Complex | 10 | — | — |
| Coventry CurvesDubai Industrial City | 13 | 1,210 | — |
| Coventry 66Dubai South Residential District | 4 | — | — |
| Coventry Residences 3Dubai Industrial City | 5 | — | — |
| Coventry ResidenceDubai Industrial City | 5 | — | — |
Where GFS Real Estate sells
Sales in this scope only, last 12 months
| Community | Sales 12M | AED/sqft | Share |
|---|---|---|---|
| Dubailand Residence Complex | 41 | 1,360 | 56% |
| Dubai Industrial City | 25 | 1,264 | 19.6% |
| International City Phase 2 & 3 | 14 | 1,175 | 16.8% |
| Dubai South Residential District | 5 | 997 | 7.6% |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 1.35M | 2 BR Apartment · 1,073 sqftGFS Conventry Gardens II · Dubailand Residence Complex | 3 Sept |
| AED 1.30M | 2 BR Apartment · 1,249 sqftCoventry 66 · Dubai South Residential District | 4 Sept |
| AED 1.25M | 1 BR Apartment · 769 sqftGFS Conventry Gardens II · Dubailand Residence Complex | 5 Sept |
| AED 1.07M | 1 BR Apartment · 769 sqftGFS Conventry Gardens II · Dubailand Residence Complex | 3 Sept |
| AED 1.07M | 1 BR Apartment · 769 sqftGFS Conventry Gardens II · Dubailand Residence Complex | 14 Sept |
| AED 1.05M | 1 BR Apartment · 769 sqftGFS Conventry Gardens II · Dubailand Residence Complex | 31 Aug |
Questions about GFS Real Estate
What is the average price per sqft in GFS Real Estate?
The median sale price in GFS Real Estate over the last three months was AED 1,265 per sqft (median sale AED 530K), based on 37 sales registered with Dubai Land Department.
Are property prices in GFS Real Estate going up?
Like-for-like prices per sqft are down 4.2% on a year earlier and up 0.4% on the previous three months.
How many properties were sold in GFS Real Estate in the last year?
85 sales worth AED 65.1M were registered in the last 12 months: 97% developer off-plan, 4% off-plan resales and 0% secondary (ready) sales.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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