Velencia
DAMAC Lagoons, Dubai
From
$197K
Handover
2029
From
$197K
Handover
2029
Bedrooms
Studio–2 bed
Payment plan
5 / 55 / 40
DAMAC Properties' Velencia brings apartment (Studio–2 bed) to DAMAC Lagoons.
Units start at $197K, or AED 725K. Completion is planned for 2029.
- Studios and one- and two-bedroom apartments
- Handover scheduled for Q1 2029
- 5% booking payment
- 40% payable at handover
- Freehold ownership available to foreign buyers
- Contemporary finishes
Photos: developer's project page.
Adviser's note
About Velencia
For buyers considering an off-plan apartment in DAMAC Lagoons, Velencia by DAMAC Properties offers studios and one- and two-bedroom homes. The project is under construction, with handover scheduled for Q1 2029, and freehold ownership is available to foreign buyers. Published sizes range from approximately 378 to 1,165 sq ft, with small differences between sources. Contemporary finishes and layouts designed to maximise natural light and views are described, while listed facilities include an indoor swimming pool, landscaped gardens, a yoga room, gymnasium and children’s play area.
Studio prices are quoted from AED 725,000 in both sources’ project descriptions, although AiGents separately shows a launch starting price of AED 612,000; I would clarify that discrepancy before budgeting. The payment plan is 5% on booking, 55% during construction and 40% at handover, with no post-handover payments. Connections to business districts, retail and leisure destinations are mentioned, but specific journey times are not provided.
Written by our team from the developer's published information (homebase.ae), checked 10 November 2026.
Units
Property types and prices
Apartment
Studio
From $197K · AED 725K
Apartment
1 bedroom
Price on request
Apartment
2 bedrooms
Price on request
Published unit sizes: 379 – 1,165 sqft.
The facts
Key details
- Developer
- DAMAC Properties
- Location
- DAMAC Lagoons
- Unit types
- Apartment
- Bedrooms
- Studio–2 bed
- Starting price
- $197K · AED 725K
- Handover
- 2029
- Unit sizes
- 379 – 1,165 sqft
From the developer
Project description
Text summarised from homebase.ae (original English).
Payments
Payment plan
Stage 1
5%
On booking / construction
Stage 2
55%
During construction
Stage 3
40%
On handover
As published: 5/55/40
On site
Features and amenities
- Indoor Swimming Pool
- Landscaped Gardens
- CCTV Security
- Yoga room
- Gymnasium
- Restaurants
- Children's Play Area
As listed by the developer (original English).
Location
DAMAC Lagoons
The developer has not published distances to nearby landmarks.
Map pin is approximate, based on the project name and community.
Also launching in DAMAC Lagoons: DAMAC Lagoon Views 11, Sorrento at DAMAC Lagoons.
Investment perspective
Points in favour, points to check
In favour
- · Only 5% is due in the first stage of the published plan.
- · DAMAC Properties has several current launches listed here, so comparable stock is easy to benchmark.
To check
- · Compare the $197K entry price with resale prices in DAMAC Lagoons.
- · Handover in 2029 means capital is tied up until then.
- · Check the service-charge estimate and the developer's delivery record.
We don't quote rental yields or expected returns for off-plan projects.
Before you commit
What we don't know yet
The main commercial details have been published by the source.
- · Off-plan handover dates can slip; check the completion clause in the sale agreement.
- · Pay only into the project's escrow account and check its registration with the Dubai Land Department.
- · Prices here are the published entry level, not a quote for a specific unit.
Developer
More from DAMAC Properties
FIJI at Damac Islands, DAMAC Lagoon Views 11, Barbados 2, Maui, Tahiti 2 at DAMAC Islands 2, Bahamas Phase 2.
Questions
Velencia: common questions
What does Velencia cost?+
The lowest price published by the source was $197K (AED 725K) on 10 November 2026. Releases are repriced often, so ask for the current list.
When is handover?+
The developer plans handover in 2029. Off-plan completion dates can move; the sale agreement sets the binding date.
What is the payment plan?+
5/55/40.
Where is it?+
DAMAC Lagoons, Dubai.
Can foreigners buy here?+
Non-residents can buy in Dubai's freehold areas. Confirm that DAMAC Lagoons is freehold and that the project is registered with the Dubai Land Department before paying a deposit.
Source: homebase.ae · checked 10 November 2026. Prices and availability change.
