Canterbury Waterfront is a coastal residential project by GFS Developments at Al Zorah area of the emirate of Ajman. The development offers studios and one- and two-bedroom apartments, which are the most sought-after formats on the Ajman property market: they are easier to rent out, easier to resell and more convenient for permanent residence.
Al Zorah is considered one of the most popular coastal areas in Ajman: it is surrounded by nature, the area is developing gradually and is not turning into a noisy city centre. The Canterbury Waterfront by GFS Developments is about 5 minutes from Corniche Beach, 10 minutes from Ajman City Centre and Ajman University, 15 minutes from Al Zorah Beach & Golf Resort, 20 minutes from City Centre Al Zahia, 25 minutes from Sharjah International Airport, 35 minutes to Dubai International Airport and approximately 45 minutes to Burj Khalifa and Dubai Mall.
Al Zorah is known for its long coastline (about 12 km), mangrove forests and large open spaces. On your day off, you don't have to go anywhere: you can walk along the water, spend time at the lagoon, kayak through the canals and watch birds at Al Zorah Nature Reserve. And for those who love sports, there is the Al Zorah Golf Club nearby — a Nicklaus Design course.
As for the property at Canterbury Waterfront by GFS Developments, the project is designed for 317 residences: 225 studios, 46 one-bedroom apartments and 46 two-bedroom apartments. The sizes of these apartments at Al Zorah are as follows: studios from 323 sqft (30 m²), one-bedroom apartments from 501 sqft (47 m²), and two-bedroom apartments from 817 sqft (76 m²). Studios are often chosen by singles and young professionals, one-bedroom apartments by couples, and two-bedroom apartments by families or those who need a study. The starting price for studios at Canterbury Waterfront by GFS Developments is 494 190 AED (134 600 $), one-bedroom apartments — 801 600 AED (218 300 $), and two-bedroom apartments — 1 160 140 AED (315 900 $).
In terms of design and architecture, Canterbury Waterfront by GFS Developments at Al Zorah focuses on a modern classic style with clean lines, bright interiors and logical layouts. This usually means a simple, comfortable kitchen-living room, well-thought-out storage spaces, more light and space. The project's internal infrastructure promises to meet the daily needs of residents of apartments at Canterbury Waterfront by GFS Developments. The project includes an infinity pool, gym, children's playground, gardens and green spaces, lounges, a waterfront promenade, shops and cafes within the development, parking, 24/7 security and concierge service.
GFS Developments offers an interest-free 56/44 payment plan with a 5% down payment. The buyer of this property in Ajman pays 5% upon booking, 51% during construction, 8% upon handover of the keys and 36% within 36 months after completion of construction. The completion date for the apartments at Canterbury Waterfront by GFS Developments is scheduled for Q1 2029.
In the property market in Ajman, the average gross yield for apartments is estimated at approximately 5.67% per annum (specific figures depend on the type of apartment and budget). Coastal locations such as Al Zorah often offer additional benefits: the view, nature, walking areas and the overall resort-like character of the location help to maintain tenant interest and prices. Therefore, property at Canterbury Waterfront by GFS Developments may be of interest to those who plan to rent out these apartments at Al Zorah, as well as those who want to preserve their capital in property with convenient logistics to Sharjah and Dubai.
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23/09/2025
