New homes in Velos Residence start at AED 810,000; keys are due Jun 2028; you pay 10% to book, 30% while it is built and 60% at the keys.
In the 12 months to Nov 9, 2026, Dubai Land Department recorded 32 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in Velos Residence. Their median price is AED 2,258 per sq ft (about AED 770,000 at 341 sq ft). This project's from price is AED 2,375 per sq ft (AED 810,000 for its smallest home, 341 sq ft), 5% more.
Keys
Jun 2028
The developer's handover date
Payment plan
10 / 30 / 60
10% to book, 30% while it is built, 60% at the keys
Bedrooms
Studio to 2 beds
Sizes
341 to 1,162 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
As of Nov 1, 2026. These details can change; confirm them with the developer before you book.
Dubai Land Department register
From price per sq ft
AED 2,375 per sq ft
Similar off-plan homes: AED 2,258 per sq ft
RERA project
3816
Check it in Dubai REST, the Dubai Land Department's official app.
Built
7%
Being built. DLD register, Nov 11, 2026
Completion on the register
Oct 2028
DLD shows only the current date. We have recorded it since Jun 12, 2026 and it hasn't moved.
Escrow account
يونايتد بنك ليمتد (مكتب ادارة)
The bank that holds your payments
Registered homes
413
In 1 buildings
Dubai Land Department project register, as of Nov 11, 2026.
Paying for it
You pay 10% when you book, 30% as the building goes up, and 60% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
NowBooking · 10%
Booking
10%
AED 81,000+ AED 32,400 DLD fee
AED 113,400
Feb 2027While it is built · 5%
While it is built
5%
AED 40,500
AED 153,900
Apr 2027While it is built · 5%
While it is built
5%
AED 40,500
AED 194,400
Jul 2027While it is built · 5%
While it is built
5%
AED 40,500
AED 234,900
Oct 2027While it is built · 5%
While it is built
5%
AED 40,500
AED 275,400
Jan 2028While it is built · 5%
While it is built
5%
AED 40,500
AED 315,900
Mar 2028While it is built · 5%
While it is built
5%
AED 40,500
AED 356,400
Jun 2028Keys · 60%
Keys
60%
AED 486,000
AED 842,400
Booking payment, 10%
AED 81,000
Dubai Land Department fee (Oqood), 4%
AED 32,400
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 113,400
Total costPrice plus the DLD fee
AED 842,400
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
A mortgage at the keys
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. Ask City View Developments for the estimate.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 32 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in Velos Residence, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Dubai Land Department recorded 32 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in Velos Residence, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 2,258 per sq ft
AED 2,037 to AED 2,109 per sq ft
3 sales
AED 2,109 to AED 2,181 per sq ft
2 sales
AED 2,181 to AED 2,253 per sq ft
10 sales
AED 2,253 to AED 2,325 per sq ft
11 sales
AED 2,325 to AED 2,397 per sq ft
3 sales
This project's from price is in this band.
AED 2,397 to AED 2,469 per sq ft
0 sales
AED 2,469 to AED 2,541 per sq ft
2 sales
AED 2,541 to AED 2,613 per sq ft
1 sale
AED 2,037 per sq ftAED 2,613 per sq ft
This project AED 2,375 per sq ft
Half of the sales sold for AED 2,207 to AED 2,310 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 2,037 to AED 2,109 per sq ft
3
AED 2,109 to AED 2,181 per sq ft
2
AED 2,181 to AED 2,253 per sq ft
10
AED 2,253 to AED 2,325 per sq ft
11
AED 2,325 to AED 2,397 per sq ft
3
AED 2,397 to AED 2,469 per sq ft
0
AED 2,469 to AED 2,541 per sq ft
2
AED 2,541 to AED 2,613 per sq ft
1
The 3 closest sales
Picked from the 32 similar sales above, closest in size to this project's smallest home.
May 2026AED 845,288AED 2,479 per sq ftVelos Residence, 341 sq ft
Apr 2026AED 746,360AED 2,173 per sq ftVelos Residence, 343 sq ft
Apr 2026AED 898,777AED 2,613 per sq ftVelos Residence, 344 sq ft
Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Motor City in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
Studio apartmentFrom AED 810,000 here
Off-plan medianAED 808,000AED 2,013 per sq ft
Sales1,007
5% above 32 similar sales
1-bed apartment
Off-plan medianAED 1,215,000AED 1,906 per sq ft
Sales1,443
2-bed apartment
Off-plan medianAED 2,023,000AED 1,743 per sq ft
Sales472
Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from priceRent ÷ price
6.8%
Typical gross yield of similar ready homes
9.1%
Median rent of studio apartments in Motor City
AED 55,000 a year
Rent contracts counted
101
Rented between
Apr 1, 2025 and Mar 31, 2026
Studio apartment
AED 55,000 a year
1-bed apartment
AED 75,000 a year
2-bed apartment
AED 120,000 a year
There is no DLD service charge for this project or its area, so we leave out the service charge and the net yield.
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 55,000 ÷ AED 810,000 = 6.8%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
GEMS Metropole School Motor City1.1 km, 3 min driveSchool
Safa Community School1.2 km, 19 min walkBritish school
Nord Anglia International School2.5 km, 8 min driveIB school
JSS International School4.3 km, 10 min driveIndian school
Velos Residence in Motor City asks 10% on booking and leaves 60% of the price for handover, listed for June 2028. City View Developments sells studios to two-bedroom apartments here from AED 810,000, with a from price per square foot 5.2% above 32 similar studio sales in the project over the 12 months to November 2026.
At the from price, the 10 / 30 / 60 plan works out to AED 81,000 on booking, AED 243,000 during construction and AED 486,000 at handover. The 4% Land Department fee adds AED 32,400. The listed handover is June 2028, about 19 months away, and is the developer's date rather than a fixed one.
The Dubai Land Department lists 32 studio off-plan sales in Velos Residence over the 12 months to November 2026. The from price per square foot is 5.2% above their median.
The listing gives studios to two bedrooms from 341 to 1,162 sq ft. The developer's description gives about 341 sq ft for a studio, 669 sq ft for one bedroom and 991 sq ft for a 2.5-bedroom layout, so ask which layout the larger sizes belong to. On the roof the developer lists an infinity pool, a deck and a drinks bar; elsewhere there are a padel court, a jogging track, an outdoor gym, yoga areas, an outdoor cinema, kids' play areas inside and outside, and co-working lounges. Kitchens come with built-in appliances, and the homes are freehold.
Medi Centres Polyclinic is about 390 m away. GEMS Metropole School Motor City is about 1.1 km away, 3 minutes by car, and Safa Community School about 1.2 km, 6 minutes by car. InsuranceMarket Metro Station (formerly Mashreq) is about 15 minutes by car, and Dubai Internet City about 18.
The developer's plans. Sizes and layouts can change; ask the developer for the plan of the exact unit you're looking at.
Studio
1 BR
2.5 BR
How prices moved
Median price of studio apartments in Motor City, over the 12 months to each dateUp 59% from Dec 2024 to Sep 2026.
Dec 2024AED 1,267 per sq ft
Sep 2026AED 2,013 per sq ft
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12 months to
Median price
Sales
Sep 2026
AED 2,013 per sq ft
1,007 sales
Jun 2026
AED 2,016 per sq ft
848 sales
Mar 2026
AED 1,978 per sq ft
750 sales
Dec 2025
AED 1,780 per sq ft
477 sales
Sep 2025
AED 1,980 per sq ft
205 sales
Jun 2025
AED 1,700 per sq ft
96 sales
Mar 2025
AED 1,366 per sq ft
47 sales
Dec 2024
AED 1,267 per sq ft
33 sales
Off-plan sales only.
Questions about this project
How much do I need before handover?
40% of the price: AED 81,000 on booking and AED 243,000 during construction at the from price. The remaining AED 486,000 is due at handover.
Is the from price above what others paid here?
It is 5.2% above the median price per square foot of 32 studio off-plan sales in this project over the 12 months to November 2026.
Is there a 2.5-bedroom layout?
The developer describes 2.5-bedroom apartments of about 991 sq ft, while the listing gives studios to two bedrooms. Check the floor plans.
Can foreigners buy here?
Yes. Velos Residence is listed as freehold, so foreign buyers can own outright.
What can residents use in the building?
An infinity pool on the roof, a padel court, a jogging track, an outdoor gym and yoga areas, an outdoor cinema, kids' play areas and co-working lounges.
Are schools and the metro close?
GEMS Metropole School Motor City is about 1.1 km away and Safa Community School about 1.2 km. InsuranceMarket Metro Station is about 15 minutes by car.
