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Damac Properties · Dubai, Damac Lagoons, Lagoon Views, Valencia
FROM AED 725,000· AED 1,582/sqft
Project listed
Available now
Step 1 of 4Booking
Open
Step 2 of 4Construction
Off-plan
Step 3 of 4Expected completion
Q1 2029
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.
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.
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.
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.
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.
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.
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.
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.
Master development layout for Damac Properties's Velencia.

3 layouts published for Velencia.
Explore off-plan projects in Damac Lagoons, Lagoon Views, Valencia.

Dubai · 1 active off-plan launches with unit-level pricing and brochures on invest off-plan.
Explore Damac Lagoons →Dubai, United Arab Emirates · Damac Lagoons, Lagoon Views, Valencia
For Velencia
AED 250,000 – 50M AED
Plan: 5/55/40
Down payment: AED 36,250
| Phase | % | Amount |
|---|---|---|
| Down payment | 5% | AED 36,250 |
| During construction | 55% | AED 398,750 |
| On handover | 40% | AED 290,000 |
Financing part of the purchase? Model your mortgage and get pre-approved →
2 Beds · apartment
1,163 sqft
AED 1,840,000
5/55/40
1 Bed · apartment
775 sqft
AED 1,300,000
5/55/40
Studio · apartment
377 sqft
AED 725,000
5/55/40
Launch prices at Velencia start from AED 725,000 for Studio to 2 Beds residences. Unit-level pricing for every available layout is listed in the unit table above, refreshed weekly from live inventory.
Velencia by Damac Properties has a published handover target of Q1 2029. Off-plan completion dates can move — the timeline section above reflects the developer's latest stated schedule.
The published structure is 5/55/40. Use the payment calculator on this page to model the instalments against your budget.
Units from AED 725,000 sit below the AED 2M Golden Visa threshold, but higher-priced layouts in the project may qualify. Eligibility rules evolve — verify current criteria before committing.
Velencia is developed by Damac Properties in Damac Lagoons, Lagoon Views, Valencia, dubai. See the developer page for their full off-plan portfolio and track record on this platform.