Velencia

Key facts

Handover

Q1 2029

Status

Under construction

Ownership

freehold

Property types

apartment

Availability

Available

Payment plan

Available units

Amenities

• Indoor Swimming Pool
• Landscaped Gardens
• CCTV Security
• Gymnasium
• Restaurants
• Children's Play Area

Location

Velencia sits in Valencia.

Master plan

The developer’s own site plan for Velencia, showing how the buildings, roads and open space sit together.

How Velencia compares

Entry here is AED 725,000, against a median of AED 668,500 across the 2 priced projects in Valencia, the highest entry price in the community. The plan opens at 5% down, against a Dubai median of 10%, so it asks 5% less up front than the typical plan. Handover lands in Q1 2029, alongside 100 other projects completing in the same quarter. Damac Properties has 167 projects in our catalogue, 2 of them in Valencia.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

What you pay, and when

The published payment plan is 5% on booking, 55% during construction and 40% at handover. The 55% due during construction falls in ten instalments of 5% to 10%, at 1, 3, 6, 9, 12, 15, 18, 21, 24 and 27 months from booking. At the AED 725,000 entry price, that is AED 36,000 to reserve a unit, AED 399,000 across the build, and AED 290,000 due on completion.

Dubai Land Department registration is charged at 4% of the purchase price on top, which is about AED 29,000 at this entry price. That 5% booking payment does not go to Damac Properties directly: under Dubai's Law 8 of 2007 a registered project holds it in a RERA-supervised escrow account, drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 379 square feet at AED 725,000, which works out at AED 1,913 per square foot. Stated sizes run from 379 to 1,165 square feet.

Ownership and residency

Velencia is a freehold development, so a buyer of any nationality can own a unit outright and hold the title deed. The entry price is below the AED 2,000,000 property threshold for the 10 year UAE golden visa.

Who it suits

The development is apartments in studio to 2 bedroom layouts.

What is on site

Shared facilities recorded for Velencia are the standard Dubai block: indoor swimming pool, landscaped gardens, CCTV security, gymnasium, restaurants and children's play area. 3 floor plans are published for it.

Frequently asked