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Velencia - Image 1
Damac Lagoons, Dubai·DAMAC Properties

Velencia

AED 725KPublished estimate: 11
0-2
Bedrooms
1-3
Bathrooms
379–1,165 sq ft+
Sqft
Q1 2029
Handover
Explore DAMAC Lagoons
View community info, amenities & nearby attractions
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About This Project

Velencia by DAMAC Properties in Damac Lagoons, Dubai. Freehold studio to 2-bedroom apartments, approximately 379–1,165 sq ft with 1–3 bathrooms. Under construction with published handover Q1 2029. Catalogue starting price AED 725,000. The available residences include Studio–2-bedroom apartments with 1–3 bathrooms, spanning approximately 379–1,165 sq ft. The lifestyle offering features Indoor swimming pool, Landscaped gardens, CCTV security, Gymnasium, Restaurants, and Children's play area. As an off-plan project, it carries a published 5/55/40 payment plan and a Q1 2029 handover target. For investment planning, the working model uses a 6% stabilized gross rental yield and 11% expected ROI; ROI includes a fixed 5% appreciation assumption, and actual returns can vary with costs, vacancy and market conditions. Buyers should reconfirm current availability, service charges, final layouts and contractual terms before committing.

Amenities

Indoor swimming pool
Landscaped gardens
CCTV security
Gymnasium
Restaurants
Children's play area

Related Keywords

VelenciaDAMAC PropertiesDamac LagoonsDubaiApartmentStudio–2 bedrooms

Key Features

Theme
Apartment
Unique
Damac Lagoons, Dubai
Price
AED 0.7M

Property Documents

Request available documents for this property

Investment Potential

11
Published ROI Estimate

Verify assumptions independently

6
Published Rental Yield

Gross/net basis may vary

Property Price: AED 0.72M

Published estimates are not guaranteed returns. Verify current rents, costs, vacancy and market evidence independently.

Residency eligibility is subject to current government criteria and approval

Payment Plan

5/55/40
5%Booking
55%During
40%On
Booking
AED 0.04M(5%)
During Construction
AED 0.40M(55%)
On Handover
AED 0.29M(40%)

Understanding Payment Plans

Dubai off-plan properties typically follow a post-handover payment structure. The percentages shown represent when payments are due during the construction and handover process.

Booking / Down Payment:Paid when signing the Sales Purchase Agreement (SPA)
During Construction:Paid in installments linked to construction milestones
On Handover:Final payment when you receive the property keys

Note: DLD registration fee (4% + AED 4,000) and Oqood fee (AED 5,000 for off-plan) apply additionally.

Project Status

Planning
Project design & approvals
Construction
Building in progress
Handover
Ready for move-in
Expected Handover
Q1 2029

Frequently Asked Questions

What property types are available at Velencia?

The published mix is Apartment with Studio–2 bedrooms. Availability should be confirmed for the selected release.

What is the payment plan for Velencia?

The published payment plan is 5/55/40. Purchase terms should be confirmed before reservation.

When is Velencia expected to be completed?

The published handover target is Q1 2029. Construction schedules may be revised by the developer.

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Mortgage Calculator

Property Price
AED 725,000
Down Payment25% (AED 181,250)
Interest Rate3.7% p.a.
Loan Term25 years
Loan AmountAED 543,750
Monthly PaymentAED 2,781
Total InterestAED 290,550

* Estimate based on 3.7% p.a. rate. Actual rates may vary (3.4-4.2%).

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RERA Registration

RERA registration number not available

Quick Info

StatusOff-Plan
TypeApartment
Payment Plan5/55/40
HandoverQ1 2029
DeveloperDAMAC Properties
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Check Your Eligibility
Review current property-based residency criteria

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