Off-plan
Velencia
by Damac Properties in Damac Lagoons
From AED 725,00060/40 payment planHandover Q1 2029
- From
- AED 725,000
- Handover
- Q1 2029
- Homes
- Studio to 2 bed
- Sizes
- 379 to 1,165 sq ft
- Payment plan
- 60/40
About Velencia
Located in Damac Lagoons, Velencia offers 1 and 2-bedroom apartments inspired by Mediterranean coastal living. The waterfront community is built around lagoons and sandy beaches, with access to Dubai's central locations.
The 1-bedroom apartments measure 776 square feet, while 2-bedroom units reach 1,165 square feet. Quality kitchen finishes and layouts are designed to bring natural light throughout. The 2-bedroom apartments provide separate entertainment and living zones.
Velencia sits within Damac Lagoons, a waterfront master community. Residents are near Jebel Ali School, the Dubai Polo and Equestrian Club, and downtown business centers. Easy access to shopping, dining, and leisure destinations throughout central Dubai is available from the development.
Damac Properties drew on Mediterranean coastal design to develop this waterfront community. The organization includes beach-style amenities and landscaped areas that create a sense of seaside retreat. Community facilities throughout the development support both relaxation and active living.
Homes
Payment plan
- 5%Down payment
- 55%During construction
- 40%On handover
Amenities
- Indoor pool
- Gym
- Children's play area
- Landscaped gardens
- Restaurants and cafés
- 24-hour security
Construction and dates
- Planned handover
- 31 March 2029
Location
About Damac Lagoons
Damac Lagoons is a waterfront residential area in Dubai developed by Damac Properties. It spans 45 million square feet with apartments, townhouses, and villas across eight Mediterranean-themed clusters.
Velencia is a freehold project.
Masterplan
The development is organized around lagoon and beach areas, evoking the atmosphere of a coastal resort. Landscaped gardens, community facilities, and beach-style amenities create shared spaces for residents, with access to the larger Damac Lagoons community.
Brochure
Questions about Velencia
- What is the price of Velencia?
Velencia starts from AED 725,000, as of 22 September 2026. By home: Studio Apartment from AED 725K; 1 Bed Apartment from AED 1.3M; 2 Bed Apartment from AED 1.84M.
- Is Velencia expensive for Damac Lagoons?
From AED 1,913 a square foot, against a median of AED 1,545 for 12 new projects in Damac Lagoons.
- What is the payment plan for Velencia?
The developer’s payment plan for Velencia is 60/40: 5% down payment, 55% during construction and 40% on handover, as of 22 September 2026.
- When is Velencia handed over?
Handover is planned for Q1 2029.
- Are there floor plans for Velencia?
Yes. The floor plans for Studio Apartment, 1 Bed Apartment and 2 Bed Apartment are on this page under Homes.
About Damac Properties
Damac Properties, founded in 2002, develops homes across Dubai and the Middle East. The developer builds townhouses, villas, apartments, penthouses, duplexes and office space in areas including Damac Islands, Damac Lagoons and Business Bay.
Also by Damac Properties in Damac Lagoons: Damac Lagoon Views, Malta, Damac Lagoons Views Phase 3, Morocco Phase 2, Damac Lagoon Views 2
