Pinnacle understood the brief inside a single viewing. By week two we'd signed on a Frond M villa we'd been searching for over three years.
Velencia
Launch price 725,000 AED*
Key information
Delivery date
March 2029
Location
Dubai,Damac Lagoons
Payment plan
5/55/40
Number of buildings
1
Property types
Apartment
Government fee
4%
Ownership type
Freehold
Amenities
- Restaurants
- Landscaped Gardens
- Gymnasium
- Children's Play Area
- Indoor Swimming Pool
- Sandy Beach Access
- Crystal-Clear Lagoon
- CCTV Security
Units
from developer
Payment plan
5%
Down payment
At sales launch
55%
During construction
10 Installments
40%
On handover
Project timeline
Project announcement
Construction Started
March 29, 2026
Expected Completion
March 31, 2029
About the developer
Luxury developer behind DAMAC Hills, Akoya, and branded residences with Trump, Versace, and Cavalli.
About the project
Velencia brings the sun-drenched romance of coastal Spain directly to Dubai’s most vibrant waterfront master community. Developed by DAMAC Properties, this premium residential enclave features a curated selection of studios, 1-bedroom, and 2-bedroom apartments. Designed for those who crave the energy of the city alongside the tranquility of a beachside retreat, Velencia pairs warm Mediterranean aesthetics with crisp, modern interiors and crystal-clear lagoon views.
Property Options and Pricing
Velencia offers functional, light-filled layouts tailored for modern living. Each configuration is built to maximize living space and natural airflow.
- Studio Apartments
- Starting Price: From 725,000 AED
- Size: 379 sq ft
- 1-Bedroom Apartments
- Starting Price: From 1,300,000 AED
- Size: 776 sq ft
- 2-Bedroom Apartments
- Starting Price: From 1,800,000 AED
- Size: 1,165 sq ft
Prime Location & Seamless Connectivity
Nestled within the acclaimed DAMAC Lagoons community, Velencia feels like a secluded coastal resort but keeps Dubai’s major urban hubs remarkably close. Residents enjoy the perfect balance of a peaceful sanctuary and effortless commuting:
- Jebel Ali School: Approximately 5 minutes away
- Dubai Polo & Equestrian Club: Around 10 minutes away
- Dubai Autodrome: About 12 minutes away
- Dubai Marina: Approximately 20 minutes away
- Downtown Dubai & Burj Khalifa: Around 25 minutes away
Premium Amenities and Facilities
The community is fully equipped with resort-style infrastructure to support a balanced, active, and secure lifestyle:
- Health & Wellness: A fully equipped gymnasium and an indoor swimming pool for year-round training or leisure.
- Outdoor & Recreation: Expansive landscaped gardens for quiet strolls, alongside direct access to the beach-style lagoons.
- Family & Social: Safe, dedicated children's play areas and premium on-site restaurants right at your doorstep.
- Safety: Round-the-clock CCTV security for total peace of mind.
Architecture and Design Philosophy
The Design Vision: Velencia’s architecture draws from traditional Spanish coastal villages, utilizing warm earth tones, elegant archways, and textured facades. Inside, the spaces are open and fluid, maximizing natural light and offering scenic views of the surrounding water features and greenery.
The seamless integration of natural water elements and manicured landscaping throughout the community reinforces the distinct sense of calm that defines the overall residential experience.
Investment Potential & Market Value
Waterfront real estate in Dubai remains a highly sought-after commodity. With a highly accessible entry price point starting at 725,000 AED, Velencia represents a lucrative opportunity within DAMAC Lagoons—a master community with a proven track record of strong capital appreciation and high rental yields. Whether you are looking for a long-term hold or targeting the lucrative short-term holiday home market, this development is positioned for sustained demand from international residents and high-net-worth buyers alike.
About DAMAC Properties
Since its founding in 2002, DAMAC Properties has shaped the Middle East's luxury real estate landscape. Known for iconic, large-scale master communities that seamlessly blend lifestyle, leisure, and design, DAMAC brings institutional trust, a stellar delivery record, and uncompromised quality to the Velencia development.
Gallery



Velencia masterplan

Location
Project location
Dubai,Damac Lagoons
What clients say
Client testimonials
Real reviews from real Pinnacle clients.
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