Velos Residence
Under constructionby City View Urban Real Estate Development · Motor City
Updated 22 October 2026 · Source: DLD open data · Information, not financial advice. Not an official DLD product.
The median sale price in Velos Residence is AED 1.25M (AED 2,029 per sqft), 15% above the Motor City median of AED 1,758 per sqft, from 108 sales in the last 12 months. It is 7% built, with handover planned for Oct 2028. The escrow account is at United Bank Limited (Management Office).
Schedule check
Build progress is 29 pts behind the share of time used.
Progress gap compares build progress with the share of planned time already used. A project 40% built after using 60% of its planned time shows -20 pts.
Registry details
Compare with other projects in Motor City
| Project | Developer | Status | Median price | Price / sqft | Sales |
|---|---|---|---|---|---|
| Velos Residence | City View Urban Real Estate Development | 7% | AED 1.25M | 2,029 | 108 |
| Takaya | Takaya Real Estate Development | 16% | AED 2.03M | 1,908 | 183 |
| 15 Cascade | Iman Developers | 6% | AED 1.58M | 1,877 | 178 |
| Beverly Grande | H M B Homes Real Estate Development | 1% | AED 1.15M | 1,556 | 142 |
| Mirdad | Mirdad Real Estate Development | 6% | AED 1.44M | 1,880 | 138 |
| O1ne District - Dawn | Kora Avenew Properties | 0% | AED 5.99M | – | 61 |
| Capital One | The Circuit Real Estate Development | 20% | AED 2.32M | – | 50 |
Questions buyers ask
How much does a home in Velos Residence cost?
The median DLD sale price is AED 1.25M (AED 2,029 per sqft), from 108 sales in the last 12 months. The middle half of sales ran from AED 847,155 – AED 1.36M.
When is the handover of Velos Residence?
The DLD registry shows a planned completion date of Oct 2028. Build progress is 7%. Build progress is 29 pts behind the share of time used.
Who is the developer of Velos Residence?
City View Urban Real Estate Development. The DLD registry lists 1 projects by this developer, 0 of them completed.
Ask before you buy off-plan
- Is the project registered with DLD and is the escrow account in the developer's name at the bank shown here?
- What share of the price must be paid before the developer allows resale?
- What does the sale agreement say about delay compensation and the latest handover date?
- Is the payment plan linked to construction milestones or to calendar dates?
Get help with Motor City from a RERA-licensed specialist.
Source: DLD project registry and sales, via Dubai Data. Data through 22 October 2026. Registry dates can lag official extensions. Source · ZoneIQ gives information, not financial or investment advice. Figures are medians and estimates. Check any unit yourself before you commit.