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Velos Residence Project · Motor City · prices, sales and rents

Registered prices, construction progress and the record across its buildings.

Developer: City View Urban Real Estate Development

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Data to 4 November 2026

Registered sales
82
Last 12 months
Median off-plan price
AED 2,012
Per sq ft
Construction progress
6.6%
DLD end date Oct 2028

Dubai Land Department lists the project as under construction, 6.6% complete, with a DLD end date of 31 October 2028. In the last 12 months, Dubai Land Department registered 82 sales in Velos Residence, worth AED 98.2M in total. The median off-plan price was 2,012 AED/sqft.

Source: Dubai Land Department open data, published on Dubai Data under the Dubai Data Open Data Licence: registered sales and new rent contracts. Medians use at least 5 transactions.

Abstract illustration, not an architectural rendering

A project, in progress.

Construction progress6.6%

Under construction

Start
1 September 2025
DLD end date
31 October 2028
Units
413
Buildings
1

DLD progress 6.6% (register read on 1 November 2026); 37% of the registered period (1 September 2025 to 31 October 2028) has passed. How this is worked out

Launch and latest registrations.

Launch price
AED 2,029
First 90 days from Oct 2025, 47 home sales
After the first 90 days
AED 2,012
60 home sales
Change
-3%
Same home types, AED/sqft

Launch price is the median AED/sqft of off-plan home sales in the first 90 days after the first of them was registered, against the median of the project’s home sales in the last 12 months, ready and off-plan, leaving out any from those 90 days; plots and whole buildings count on neither side. The change compares the two periods home type by home type (class and bedrooms, at least 5 sales of a type on both sides), weighted by the later sales, so a shift from studios to larger homes does not read as a change in price; it is shown where those types hold at least 60% of the later sales. The two medians count every home sale, so their mix can differ.

Velos Residence registered prices, over time.

Median registered price, AED per sq ft

Median price per sq ft of registered sales of apartments, by month. Months with fewer than 5 sales are left as gaps.
Show the figures
Month Off-plan (registered sales)
Nov 2025 2,044 AED/sqft 11 sales
Dec 2025 2,048 AED/sqft 14 sales
Jan 2026 2,098 AED/sqft 16 sales
Feb 2026 1,866 AED/sqft 8 sales
Mar 2026 2,111 AED/sqft 14 sales
Apr 2026 2,176 AED/sqft 5 sales
May 2026 — 4 sales
Jun 2026 —
Jul 2026 —
Aug 2026 — 2 sales
Sep 2026 1,762 AED/sqft 7 sales
Oct 2026 — 2 sales

What does each home type sell and rent for in Velos Residence?

  • Apartment · Studio

    Median price, all sales
    AED 832K
    AED/sqft
    2,256
    Sales
    35

  • Apartment · 1 bed

    Median price, all sales
    AED 1.3M
    AED/sqft
    1,831
    Sales
    37

  • Apartment · 2 beds

    Median price, all sales
    AED 2.1M
    AED/sqft
    2,044
    Sales
    10

Last 12 months. Prices are medians of at least 5 registered sales, ready and off-plan together.

Service charges.

In the area report.

The Motor City area report ranks the area’s projects by sales, each with its own owners’ association budget per sq ft a year where it publishes one, beside the area median by budget year.

See the Motor City area report

The latest registered sales in Velos Residence.

  • 2 Nov 2026

    Apartment1 bedOff-plan671 sqft

    AED 1,274,0001,899 AED/sqft

  • 2 Nov 2026

    ApartmentStudioOff-plan364 sqft

    AED 843,4802,317 AED/sqft

  • 29 Oct 2026

    ApartmentStudioOff-plan357 sqft

    AED 802,6202,248 AED/sqft

  • 2 Oct 2026

    Apartment1 bedOff-plan702 sqft

    AED 1,292,7001,841 AED/sqft

  • 29 Sep 2026

    Apartment2 bedsOff-plan1,047 sqft

    AED 2,069,0001,976 AED/sqft

  • 17 Sep 2026

    Apartment1 bedOff-plan703 sqft

    AED 1,279,0001,819 AED/sqft

  • 17 Sep 2026

    Apartment1 bedOff-plan706 sqft

    AED 1,200,0001,700 AED/sqft

  • 8 Sep 2026

    Apartment1 bedOff-plan702 sqft

    AED 1,222,0001,741 AED/sqft

  • 8 Sep 2026

    Apartment1 bedOff-plan669 sqft

    AED 1,137,0001,700 AED/sqft

  • 8 Sep 2026

    ApartmentStudioOff-plan357 sqft

    AED 791,0102,216 AED/sqft

Questions about Velos Residence

What is the price per sq ft in Velos Residence?

In the 12 months to 4 November 2026, the median registered off-plan sale price was 2,012 AED/sqft.

How many homes were sold in Velos Residence in the last 12 months?

In the last 12 months, Dubai Land Department registered 82 sales in Velos Residence, worth AED 98.2M in total. The median off-plan price was 2,012 AED/sqft. Registered sales to 4 November 2026.

When is Velos Residence due to be completed?

Dubai Land Department lists the project as under construction, 6.6% complete, with a DLD end date of 31 October 2028. An end date is the date in the DLD register, not a handover forecast.

Where do these figures come from?

From Dubai Land Department open data, published on Dubai Data, to 4 November 2026: registered sales, new rent contracts and the project register. They are registered sales, not a valuation, and not investment advice.

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