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Velencia

Damac Properties

Starting from

0.72M AED

Area

Damac Lagoons

Handover

Q1 2029

Stage

Under construction

Payment Plan

5/55/40

Property Type

Apartment

Price per sqft

AED 1,723

3% below area avg

Floor Plans & Unit Types

Plan on request

Studio

379 sqft

1 Bathroom

from 0.72M AED

Ask about this layout

1 Bedroom

776 sqft

2 Bathrooms

from 1.3M AED

Ask about this layout

2 Bedrooms

1,165 sqft

3 Bathrooms

from 1.84M AED

Ask about this layout

How much you pay, and when

Booking

now

55%

Construction

9 quarters

40%

Handover

Q1 2029

Amounts for each layout · 3

Studio
379 sqft
from AED 725K
AED 1,913 per sqft
Booking
AED 36K
Construction
AED 399K
9 × AED 44K
Handover
AED 290K
Ask
1 Bedroom
776 sqft
from AED 1.3M
AED 1,675 per sqft
Booking
AED 65K
Construction
AED 715K
9 × AED 79K
Handover
AED 520K
Ask
2 Bedrooms
1,165 sqft
from AED 1.84M
AED 1,579 per sqft
Booking
AED 92K
Construction
AED 1.01M
9 × AED 112K
Handover
AED 736K
Ask

Payment schedule by quarter

On the cheapest layout (studio from AED 725,000): what leaves your account and when. By handover you will have paid AED 435,000, with the rest due on keys.

When	Payment	Paid to date	Left to pay	Share of the flat
Q1 2027	AED 44,306	AED 80,556	AED 644,444	11%
Q2 2027	AED 44,306	AED 124,862	AED 600,138	17%
Q3 2027	AED 44,306	AED 169,168	AED 555,832	23%
Q4 2027	AED 44,306	AED 213,474	AED 511,526	29%
Q1 2028	AED 44,306	AED 257,780	AED 467,220	36%
Q2 2028	AED 44,306	AED 302,086	AED 422,914	42%
Q3 2028	AED 44,306	AED 346,392	AED 378,608	48%
Q4 2028	AED 44,306	AED 390,698	AED 334,302	54%
Q1 2029	AED 44,306	AED 435,004	AED 289,996	60%

Amounts start from each layout's lowest price on the developer's plan. The 4% DLD fee and developer charges come on top.

Location & Nearby Places

Google Maps

Compared with the area

Price per sqft: AED 1,723 per sqft - in line with the Damac Lagoons average of AED 1,784.
Entry price: The most accessible entry price of the 12 projects in Damac Lagoons in our catalogue.
Handover: Handover is later than for most projects in the area. Projects in Damac Lagoons hand over between 2024 and 2030.
Payment plan: Differs from the usual plan of Damac Properties: most of the developer's 131 projects in our catalogue use 20/55/25.
Smallest unit: The smallest unit is 46% smaller than is typical for Damac Lagoons (698 sqft).

Calculated across the 12 projects we track in Damac Lagoons. Figures come from our own catalogue, not from a market index.

Amenities

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

About Velencia

Developed by Damac Properties, Velencia is a new project in Damac Lagoons, one of Dubai's most sought-after destinations.

Velencia features studios and 1 and 2-bedroom apartments priced from AED 725K. The project is expected to be completed by Q1 2029, offering a 5%/55%/40% payment plan.

Velencia offers a range of facilities including Indoor Swimming Pool, Landscaped Gardens, CCTV Security, Gymnasium. Velencia represents a strong investment opportunity in one of Dubai's growing communities.

About the developer

Damac Properties

Luxury-focused branded residence pioneer - Cavalli, Versace, Trump golf, Just Cavalli villas. Founded by Hussain Sajwani in 2002.

Founded: 2002
Projects with us: 151
Areas: 27
Handover: 2025-30

Projects by handover year

2025

2026

2027

2028

2029

2030

Damac Riverside Views Azure 2Riverside Viewsfrom AED 748K

Damac Islands StudioDamac Islandsfrom AED 680K See all 151 projects by Damac Properties

About the area

Damac Lagoons

DAMAC's themed townhouse and villa master plan with 8+ Mediterranean-themed clusters - yields 6.2-7.8% on delivered Portofino/Nice, townhouses from AED 1.2M, 4-bed villas to AED 5M+.

New projects: 16
Prices from: AED 725K
Deals a year (DLD): 2,457
AED per sqft in deals: 1,831

Lagoons Views Phase 2 By DamacDamac Propertiesfrom AED 1.1M

Damac Lagoon ViewsDamac Propertiesfrom AED 1.34M All 16 off-plan projects in Damac Lagoons

Frequently Asked Questions

What is the starting price of Velencia?

Velencia by Damac Properties offers apartment in Damac Lagoons, Dubai starting from AED 0.7M. Prices vary depending on unit size and floor level. Contact us for the latest availability and pricing.

What is the payment plan for Velencia?

Velencia offers a flexible off-plan payment plan: 5% down payment, 55% 10 installments, 40% on handover. This structure allows buyers to spread payments across the construction period, reducing upfront costs.

When is the handover date for Velencia?

Velencia is scheduled for handover in Q1 2029. Damac Properties is one of Dubai's leading developers with a strong track record of on-time delivery.

What types of units are available at Velencia?

Velencia features studios, 1-bedroom apartments and 2-bedroom apartments in Damac Lagoons, Dubai. Each unit is designed with contemporary finishes and maximises natural light and views.

Where is Velencia located in Dubai?

Velencia is situated in Damac Lagoons, Dubai. The area offers excellent connectivity to major business districts, retail centres and leisure destinations across the city.

Is Velencia available for foreign buyers?

Yes. Velencia is a freehold development in Damac Lagoons, Dubai, which means it is open for purchase by non-UAE nationals and foreign investors with 100% ownership rights.

What amenities does Velencia offer?

Velencia features a full range of lifestyle amenities including Indoor Swimming Pool, Landscaped Gardens, CCTV Security, Gymnasium, Restaurants and more. The development is designed to offer resort-style living within Damac Lagoons, Dubai.

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