Off-PlanDelivery Date: March 2029
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Velencia

Launch price 725,000 AED*

DAMAC Properties

Developer

DAMAC Properties

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Key information

Delivery date

March 2029

Location

Dubai,Damac Lagoons

Payment plan

5/55/40

Number of buildings

1

Property types

Apartment

Government fee

4%

Ownership type

Freehold

Amenities

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

Units

from developer

APARTMENT

  • Studio from 725K AED35 sqftWhatsApp
    Layout typeSize (sqft)BathroomsFloor plan
    Type A20351Floor plan Type A20
  • 1 Bedfrom 1.3M AED72 sqftWhatsApp
    Layout typeSize (sqft)BathroomsFloor plan
    Type E15722Floor plan Type E15
  • 2 Bedfrom 1.8M AED108 sqftWhatsApp
    Layout typeSize (sqft)BathroomsFloor plan
    Type E21083Floor plan Type E2

Payment plan

5%

Down payment

At sales launch

55%

During construction

10 Installments

40%

On handover

Project timeline

  1. Project announcement

  2. Construction Started

    March 29, 2026

  3. Expected Completion

    March 31, 2029

About the developer

Luxury developer behind DAMAC Hills, Akoya, and branded residences with Trump, Versace, and Cavalli.

About the project

Velencia brings the sun-drenched romance of coastal Spain directly to Dubai’s most vibrant waterfront master community. Developed by DAMAC Properties, this premium residential enclave features a curated selection of studios, 1-bedroom, and 2-bedroom apartments. Designed for those who crave the energy of the city alongside the tranquility of a beachside retreat, Velencia pairs warm Mediterranean aesthetics with crisp, modern interiors and crystal-clear lagoon views.

Property Options and Pricing

Velencia offers functional, light-filled layouts tailored for modern living. Each configuration is built to maximize living space and natural airflow.

  • Studio Apartments
    • Starting Price: From 725,000 AED
    • Size: 379 sq ft
  • 1-Bedroom Apartments
    • Starting Price: From 1,300,000 AED
    • Size: 776 sq ft
  • 2-Bedroom Apartments
    • Starting Price: From 1,800,000 AED
    • Size: 1,165 sq ft

Prime Location & Seamless Connectivity

Nestled within the acclaimed DAMAC Lagoons community, Velencia feels like a secluded coastal resort but keeps Dubai’s major urban hubs remarkably close. Residents enjoy the perfect balance of a peaceful sanctuary and effortless commuting:

  • Jebel Ali School: Approximately 5 minutes away
  • Dubai Polo & Equestrian Club: Around 10 minutes away
  • Dubai Autodrome: About 12 minutes away
  • Dubai Marina: Approximately 20 minutes away
  • Downtown Dubai & Burj Khalifa: Around 25 minutes away

Premium Amenities and Facilities

The community is fully equipped with resort-style infrastructure to support a balanced, active, and secure lifestyle:

  • Health & Wellness: A fully equipped gymnasium and an indoor swimming pool for year-round training or leisure.
  • Outdoor & Recreation: Expansive landscaped gardens for quiet strolls, alongside direct access to the beach-style lagoons.
  • Family & Social: Safe, dedicated children's play areas and premium on-site restaurants right at your doorstep.
  • Safety: Round-the-clock CCTV security for total peace of mind.

Architecture and Design Philosophy

The Design Vision: Velencia’s architecture draws from traditional Spanish coastal villages, utilizing warm earth tones, elegant archways, and textured facades. Inside, the spaces are open and fluid, maximizing natural light and offering scenic views of the surrounding water features and greenery.

The seamless integration of natural water elements and manicured landscaping throughout the community reinforces the distinct sense of calm that defines the overall residential experience.

Investment Potential & Market Value

Waterfront real estate in Dubai remains a highly sought-after commodity. With a highly accessible entry price point starting at 725,000 AED, Velencia represents a lucrative opportunity within DAMAC Lagoons—a master community with a proven track record of strong capital appreciation and high rental yields. Whether you are looking for a long-term hold or targeting the lucrative short-term holiday home market, this development is positioned for sustained demand from international residents and high-net-worth buyers alike.

About DAMAC Properties

Since its founding in 2002, DAMAC Properties has shaped the Middle East's luxury real estate landscape. Known for iconic, large-scale master communities that seamlessly blend lifestyle, leisure, and design, DAMAC brings institutional trust, a stellar delivery record, and uncompromised quality to the Velencia development.

Velencia masterplan

Location

Project location

Dubai,Damac Lagoons

What clients say

Client testimonials

Real reviews from real Pinnacle clients.

Pinnacle understood the brief inside a single viewing. By week two we'd signed on a Frond M villa we'd been searching for over three years.
Adel Rashid
Adel RashidBuyer, Palm Jumeirah

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