Canterbury Waterfront
Off-Plan

Canterbury Waterfront

From AED 494,190·Handover Feb 2029·20% down payment Payment
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AED 494,190
Starting Price
Feb 2029
Handover
20% down payment
Payment Plan
Studio · 1 BR
Type

Project Overview

Canterbury Waterfront is a coastal residential project of GFS Developments, located in the Al Zorah area and focused on the resort format of living by the sea. The project is a residential building with three basement levels, a ground level, eight residential floors and a roof. The building provides apartments in various formats, including studios, one-bedroom residences, study options, and two-bedroom layouts. The architecture is designed in a modern style with clean facade lines and panoramic glazing, emphasizing the visual connection of the building with the coast. The interiors feature functional layouts, spacious living areas, and are decorated in a light, neutral palette. The project offers a wide range of resort amenities: landscaped gardens, outdoor recreation areas, a fitness room and wellness center, an infinity pool, walking paths, a children's play area and an outdoor cinema. The location provides quick access to key locations: to Sharjah — 6-8 minutes, to Dubai (DXB) — 20-25 minutes via Sheikh Mohammed Bin Zayed Road, to Umm Al–Quwain — 35-40 minutes, to Ras Al Khaimah — 45-55 minutes, to the border with Abu Dhabi — about an hour.

Project Specifications
DeveloperGFS Developments
LocationAl Zorah City
Unit TypesStudio, 1 BR, 2 BR, Apartments
AreaAl Zorah City
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 21,324 / year
Cash-on-Cash
2.2%
Levered cashflow AED 5,016
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 32,122 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Canterbury Waterfront launch basis549AED 494,190Current launch / asking basis
Al Zorah City ready-stock comps1,500AED 1.35MIndicative resale benchmark
Al Zorah City premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Canterbury Waterfront official render 1

Canterbury Waterfront official render 1

Canterbury Waterfront official render 2

Canterbury Waterfront official render 2

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Canterbury Waterfront official render 3

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Canterbury Waterfront official render 4

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Canterbury Waterfront official render 5

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Canterbury Waterfront official render 6

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Canterbury Waterfront official render 7

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Canterbury Waterfront official render 9

Canterbury Waterfront official render 9

Canterbury Waterfront official render 10

Canterbury Waterfront official render 10

Astraterra Properties

Official Documents

Download official marketing materials from GFS Developments.

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Payment Structure

20% down payment

Flexible Payment

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Floor Plans

Canterbury Waterfront — 1 Bedroom Floor Plan

Amenities & Lifestyle

Fountain
Infinity pool
Kids Play Area
Landscaped garden
Lavish Sundeck
Lift
Lobby
Meditation zone
Outdoor cinema
Parking
Pool Deck
Recreational areas
Resting Areas
Shared gym & fitness
Sitting Area
Sunken Seating
Walking paths
Waterfall

Location

Al Zorah City

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Al Zorah CityAl Zorah CityDubai, UAE

Developer Track Record

01

Canterbury Waterfront by GFS Developments

02

Located in Al Zorah City

03

Starting from AED 494,190

04

Unit mix includes Studio, 1 BR, 2 BR, Apartments

05

Expected handover: Feb 2029

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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