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Off-plan
Delivery Date: Q1 2029

Velencia

Launch price 725K AED*

*Prices, availability, and purchase conditions may change frequently. Contact a representative for the latest availability and pricing.

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Developer
Damac Properties
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Key information

  • Delivery date

    March 2029

  • Location
  • Payment plan
  • Number of buildings
  • Property types

    Apartment

  • Government fee

    4%

  • Ownership type

    Freehold

Payment plan

  • 5%

    Down payment

    At sales launch

  • 55%

    During construction

    10 Installments

  • 40%

    On handover

  • Project timeline

    • Project announcement

    • Construction Started

    • Expected Completion

    About the project


    Velencia at DAMAC Lagoons – A Mediterranean Vision in the Heart of Dubai


    Velencia is a thoughtfully crafted residential development by DAMAC Properties, drawing inspiration from the sun-drenched coastal towns of Spain to create a living experience unlike anything else in Dubai. Part of the thriving DAMAC Lagoons master community, Velencia offers a curated selection of studio, 1-bedroom, and 2-bedroom apartments designed for those who want the energy of city living alongside the ease of a waterfront lifestyle. With its warm Mediterranean character, crystal-clear lagoon surroundings, and refined interiors, Velencia is a place where everyday life feels like a well-deserved retreat.


    Prime Location: Dubai, DAMAC Lagoons


    Situated within DAMAC Lagoons — one of Dubai's most distinctive waterfront communities — Velencia occupies a prime address that balances serenity with accessibility. The community is built around a network of lagoons and sandy beach areas, evoking the feel of a coastal resort while remaining well within reach of Dubai's key urban centers. Whether you're heading to work, school, or leisure destinations, everything you need is comfortably close. The location also places residents near established infrastructure, making daily errands and weekend outings equally convenient.


    Connectivity and Accessibility to Key Locations



    • Jebel Ali School – approximately 5 minutes away
    • Dubai Polo & Equestrian Club – around 10 minutes
    • Dubai Autodrome – about 12 minutes
    • Dubai Marina – approximately 20 minutes
    • Downtown Dubai – around 25 minutes
    • Burj Khalifa – approximately 25 minutes


    Property Types and Sizes


    Velencia offers a range of thoughtfully sized apartments to suit different lifestyles, household sizes, and investment goals. Each unit is designed with functional layouts and quality finishes that reflect the Mediterranean-inspired character of the overall development.


    • Studio Apartments – From 725,000 AED | 379 sq ft
    • 1-Bedroom Apartments – From 1,300,000 AED | 776 sq ft
    • 2-Bedroom Apartments – From 1,800,000 AED | 1,165 sq ft


    Detailed Amenities and Facilities


    Velencia is designed to support a well-rounded lifestyle, with a range of amenities that cater to both relaxation and everyday wellness. Residents have access to spaces that encourage community interaction, active living, and personal downtime — all within the comfort of the compound.


    • CCTV Security for round-the-clock safety and peace of mind
    • Children's Play Area providing a safe and engaging space for younger residents
    • Indoor Swimming Pool for year-round aquatic leisure
    • Landscaped Gardens offering lush green spaces for quiet walks and outdoor relaxation
    • Fully equipped Gymnasium to support an active daily routine
    • On-site Restaurants bringing quality dining options directly to residents' doorsteps


    Unique Architectural Features and Design Elements


    Velencia's design language is rooted in the architectural traditions of coastal Spain, translated thoughtfully into a contemporary Dubai context. The buildings feature warm tones, arched detailing, and layered facades that echo the textures of Mediterranean villages. Interiors reflect a similar sensibility — open, light-filled spaces with clean lines, quality materials, and an attention to proportion that makes each apartment feel both elegant and livable. The integration of water features and landscaped greenery throughout the community reinforces the sense of calm that defines the overall experience.


    Lifestyle and Community Aspects


    Life at Velencia is shaped by a strong sense of place and community. The DAMAC Lagoons setting encourages a slower, more intentional pace — one where mornings by the lagoon, evenings in the gardens, and weekends at the pool feel like a natural part of the routine.


    • A vibrant waterfront community atmosphere with beach-style lagoon access
    • Family-friendly environment with dedicated spaces for children and outdoor gatherings
    • Proximity to equestrian, motorsport, and recreational venues for diverse leisure pursuits
    • Easy access to Dubai Marina and Downtown for dining, shopping, and entertainment


    Investment Potential and Market Value


    Velencia presents a compelling case for investors looking to enter Dubai's residential market at a competitive price point within a high-demand community. DAMAC Lagoons has established itself as one of Dubai's most sought-after addresses, and off-plan properties within the community have historically attracted strong rental interest and capital appreciation. The combination of an affordable entry price — starting at 725,000 AED — flexible unit sizes, and a developer with a proven delivery record makes Velencia a well-positioned asset for both long-term hold strategies and short-term rental yields. As Dubai continues to attract a growing base of international residents and high-net-worth individuals, waterfront communities like DAMAC Lagoons are expected to see sustained demand.


    Developer Profile: DAMAC


    DAMAC Properties is one of the most recognized names in luxury real estate development across the Middle East. Founded in 2002, the company has delivered thousands of residential, commercial, and mixed-use units across Dubai and several international markets. DAMAC is known for large-scale master communities that integrate lifestyle, leisure, and architecture into cohesive environments — with DAMAC Lagoons being one of its most ambitious flagship projects to date. With a strong track record of delivery and a portfolio that spans branded residences, hospitality, and residential developments, DAMAC brings both credibility and vision to every project it undertakes, including Velencia.

    Velencia masterplan

    image of Velencia by Damac Properties, Dubai,Damac Lagoons — [1]

    Velencia at DAMAC Lagoons is a residential development by DAMAC Properties, as a part of DAMAC Lagoons masterplan in Dubai, offering Mediterranean-inspired apartments with waterfront living. The Velencia masterplan brings Spanish coastal architecture to life within this vibrant community.


    Drawing inspiration from sun-drenched Spanish coastal towns, Velencia is thoughtfully positioned within DAMAC Lagoons to offer residents panoramic lagoon views, direct beach access, and a tranquil yet well-connected lifestyle. The project's Mediterranean character, crystal-clear lagoons, and lush landscaping create an immersive environment where architectural elegance and natural beauty coexist — delivering a distinctive living experience within the larger DAMAC Lagoons masterplan, located in the prestigious larger project masterplan.


    Key Features


    Location & Nearby Attractions


    • Jebel Ali School – 5 Minutes
    • Dubai Polo & Equestrian Club – 10 Minutes
    • Dubai Autodrome – 12 Minutes
    • Dubai Marina – 20 Minutes
    • Downtown Dubai & Burj Khalifa – 25 Minutes

    Amenities


    • Restaurants
    • Landscaped Gardens
    • Gymnasium
    • Children's Play Area
    • Indoor Swimming Pool
    • Sandy Beach Access
    • Crystal-Clear Lagoon
    • CCTV Security

    Location

    Map preview
    Community Image
    Community Insights
    Damac Lagoons
    5/51 building reviews

    Apartments and villas | Waterfront

    Price Range:

    585K-39M AED

    Amenities

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

    Units

    from developer

    apartment

    Layout typeSize (sqft)No. of BathroomsFloor plan
    Type A203791
    Layout typeSize (sqft)No. of BathroomsFloor plan
    Type E157762
    Layout typeSize (sqft)No. of BathroomsFloor plan
    Type E21,1653

    available in this project.

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    Frequently asked questions

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