Velencia at Damac Lagoons is a waterfront residential development by Damac Properties, drawing design inspiration from Spain's Mediterranean coastal towns. The project features studio, 1-bedroom, and 2-bedroom apartments with spacious layouts, quality finishes, and views overlooking lagoons and green landscapes.
The development's architecture reflects Mediterranean simplicity, with open interiors and access to natural light. Units are planned with efficient floor plans suited to singles, couples, and families. The community is built around a crystal-clear lagoon with sandy beaches, creating a resort-style environment within Dubai.
Positioned within the Damac Lagoons master plan, Velencia offers access to major highways and Dubai's core destinations. Dubai Marina is 20 minutes away, and Downtown Dubai and Burj Khalifa are reachable in 25 minutes. Nearby facilities include Jebel Ali School (5 minutes) and Dubai Polo & Equestrian Club (10 minutes).
Starting from AED 725,000, the project is freehold and scheduled for completion in March 2029. The payment structure includes a 5% down payment, 55% during construction, and 40% on handover. The waterfront setting, variety of unit types, and Dubai connectivity support rental and resale potential.
Velencia by Damac Properties in Damac Lagoons, Dubai is scheduled for handover in Q1 2029 (January–March 2029). Construction is estimated at ~25% based on the developer's reported phase.
The headline payment plan for Velencia is 5/55/40. See the full breakdown of booking, construction and post-handover instalments in the Financials tab.
Velencia offers 3 unit types:
Estimated gross rental yield: 7% p.a., benchmarked against current Damac Lagoons rental data. Entry pricing works out to AED 622 – 4,855 per sqft, with estimated capital appreciation of 12% to handover.
~25% — estimated from construction phase.