Velos Residence: off-plan project in Motor City
Velos Residence is an off-plan residential apartment project in Motor City, registered with the Dubai Land Department as project no. 3816 and developed by City View Urban Real Estate Development L.L.C. From October 16, 2025 to October 16, 2026, 88 off-plan sales were registered there at a median price of AED 1,219,388 (AED 2,044 per sq ft); 80% of sales fall between AED 808,467 and AED 2,026,433.
- 88off-plan sales in 12 months
- AED 1,219,388median sale price
- AED 2,044median price per sq ft
- 0%construction progress (DLD)
- October 2028end date in the register
- 412registered units
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026. Source: Dubai Land Department project register (open data), as of 15/06/2026.
What the figures say
- Positioning: at AED 2,044 per sq ft, Velos Residence is 13.8% above the median of off-plan sales across the 11 projects tracked in Motor City (AED 1,796 per sq ft), and 15.7% above the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 88 off-plan sales in 12 months, about 7 a month; number 10 by sales in Motor City over the period.
- Construction: 0% complete in the DLD register, construction had not started at the latest inspection; planned end October 2028.
- Profile: the best-selling type (apartment · 1 bedroom) makes up 44.3% of sales, alongside 2 other types.
Velos Residence: official project sheet
Details from the project register kept by the Dubai Land Department. Off-plan payments go to the project's escrow account, as required by Dubai Law No. 8 of 2007.
| Item | DLD register |
|---|---|
| DLD project number | 3816 |
| Registered developer | City View Urban Real Estate Development L.L.C (developer no. 2370) |
| Master developer | Union Properties (P.J.S.C) |
| Community (master project) | Motor City |
| DLD area | Al Hebiah First |
| Register status | not started |
| Construction progress | 0% |
| Project start | September 1, 2025 |
| Planned end | October 31, 2028 |
| Registered units | 412 units |
| Buildings | 1 |
| Escrow account | escrow agent registered with the DLD for this project |
Source: Dubai Land Department project register (open data), as of 15/06/2026.
Velos Residence off-plan prices by unit type
Off-plan sales over the last 12 months, at least 3 sales per row. Entry ticket observed: apartment · studio, at a median AED 832,888.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Apartment · Studio | 38 | AED 832,888 | 797,525 – 901,477 | 34 m² (366 sq ft) | AED 2,267 |
| Apartment · 1 bedroom | 39 | AED 1,281,338 | 1,215,218 – 1,419,777 | 65 m² (700 sq ft) | AED 1,831 |
| Apartment · 2 bedrooms | 11 | AED 2,090,777 | 2,025,857 – 2,210,777 | 97 m² (1,044 sq ft) | AED 2,045 |
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
To turn one of these prices into a payment schedule, use OffPlanSimulator's off-plan payment plan calculator, then add registration fees with the Dubai buying costs calculator.
Sales by unit type
Apartment · 1 bedroom: 44.3% of off-plan sales, with a median size of 65 m² (62 to 69 m² for 80% of them).
- Apartment · 1 bedroom: 44.3% (39 sales)
- Apartment · Studio: 43.2% (38 sales)
- Apartment · 2 bedrooms: 12.5% (11 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
Velos Residence off-plan price by quarter
The median off-plan price per sq ft moved from AED 2,029 in Q4 2025 to AED 1,819 in Q3 2026 (-10.3%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q4 2025 | 47 | AED 2,029 | — |
| Q1 2026 | 38 | AED 2,042 | +0.7% |
| Q2 2026 | 9 | AED 2,103 | +3% |
| Q3 2026 | 9 | AED 1,819 | -13.5% |
Source: Dubai Land Department open data, off-plan sales registered since 1 January 2024, as of 16/10/2026.
Rents in Motor City
To gauge the rental market around Velos Residence: annual rents of Ejari contracts registered in Motor City over the last 12 months (2,040 contracts).
| Unit type | Contracts | Median annual rent | Middle 50% range |
|---|---|---|---|
| Apartment · Studio | 237 | AED 50,000 | 44,484 – 55,000 |
| Apartment · 1 bedroom | 936 | AED 72,000 | 64,071 – 80,000 |
| Apartment · 2 bedrooms | 600 | AED 113,000 | 98,000 – 125,000 |
| Apartment · 3 bedrooms | 166 | AED 166,500 | 145,000 – 192,300 |
| Villa / townhouse · 3 bedrooms | 49 | AED 260,000 | 220,000 – 315,000 |
| Villa / townhouse · 4 bedrooms | 36 | AED 310,000 | 250,000 – 360,000 |
| Villa / townhouse · 5+ bedrooms | 12 | AED 450,000 | 401,250 – 500,000 |
To compare a market rent with your purchase price and running costs, the rental yield calculator works it through step by step.
Source: Dubai Land Department, Ejari rent contracts (open data), 20/10/2025 to 20/10/2026.
Where is Velos Residence?
Velos Residence is in Motor City (DLD area Al Hebiah First), Dubai.
- Nearest metro station: Sharaf Dg Metro Station
- Nearest shopping mall: Mall of the Emirates
- Nearest landmark: Motor City
Source: Dubai Land Department, reference points attached to registered sales.
Further reading
- All off-plan projects in Motor City
- All DLD sales at Velos Residence (new and resale)
- Motor City property prices
- Motor City rents
- All City View Urban Real Estate Development L.L.C projects
Other off-plan projects in Motor City
- Binghatti Skyterraces — AED 1,796/sq ft
- Sierra by Iman — AED 1,680/sq ft
- Sobha Solis — AED 2,015/sq ft
- Ananda Residences — AED 1,314/sq ft
- Sobha Orbis — AED 1,980/sq ft
- Takaya — AED 1,908/sq ft
- Beverly Grande — AED 1,556/sq ft
- 15 Cascade — AED 1,859/sq ft
Same budget elsewhere in Dubai (around AED 1,219,388)
- 48 Parkside, Arjan — AED 1,214,012
- Havelock Heights, Jumeirah Village Circle — AED 1,227,500
- Samana Barari Lagoons, Majan — AED 1,214,000
- Binghatti Ruby, Jumeirah Village Circle — AED 1,243,749
- Villea West, Jumeirah Garden City — AED 1,213,253
- DAMAC Hills (2) - Elo 2 & Elo 3, DAMAC Hills 2 — AED 1,246,400
Projects presented by Cevitas
Frequently asked questions
How much does a home at Velos Residence cost?
Over the last 12 months, the 88 off-plan sales registered with the DLD show a median price of AED 1,219,388, or AED 2,044 per sq ft; 80% fall between AED 808,467 and AED 2,026,433. The developer's current prices are on its price list.
When will Velos Residence be completed?
In the DLD project register (as of 15/06/2026), the project is "not started", 0% complete, with a planned end date of October 31, 2028. The handover date is confirmed by the developer.
Who is the developer of Velos Residence?
The DLD register lists City View Urban Real Estate Development L.L.C (developer no. 2370), in a community developed by Union Properties (P.J.S.C).
What unit types are sold at Velos Residence?
Off-plan sales over the last 12 months cover: apartment · 1 bedroom (39), apartment · studio (38), apartment · 2 bedrooms (11). Best-selling type: apartment · 1 bedroom, at a median AED 1,281,338 for 65 m².
Has the price per sq ft at Velos Residence changed?
The median off-plan price moved from AED 2,029 per sq ft in Q4 2025 to AED 1,819 in Q3 2026, based on DLD-registered sales.
How do I get the Velos Residence price list and payment plan?
Ask with the "Get the price list" button or on WhatsApp at +971 55 772 2710: a RERA-licensed Cevitas advisor sends you the available units, the developer's prices and the current payment plan, with no buyer commission on new launches.
Sources and method
Off-plan sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), residential sales registered off-plan ("Off-Plan Properties") from October 16, 2025 to October 16, 2026. Median price = middle registered price; range = 80% of sales (10th to 90th percentile). Price per sq ft = price / registered area (1 m² = 10.764 sq ft).
Developer, status, progress and dates: DLD "Projects" register (data.dubai) and "Developers" register (data.dubai), extract as of June 15, 2026. Progress is the figure from the latest DLD inspection on record; the end date is the one declared in the register and may be updated by the DLD.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), median annual rent of residential contracts over the last 12 months in the area.
Data published under the Dubai Open Data Licence and analysed by Cevitas Real Estate. They describe official transactions and an official register; they are not a valuation, a promise of return or investment advice. The developer's current prices are on its price list.