Projects › Motor City › Velos Residence
Velos Residence Motor City, Dubai
| Area | Motor City (Dubai) |
|---|---|
| Developer | – |
| Residential sales (3 months) | 12 (2% of the area) |
| Median price (3 months) | 1,909 AED/sqft (20,543 AED/m²) |
| Premium / discount to the area | +13.7% |
| Area gross yield (indicative) | 4.4% (from Ejari-registered rents; before costs and vacancy) |
| Price change (3 months / y/y) | – / -3.2% |
| Price change since launch (2025-10) | -5.1% |
| Off-plan share | 100% |
By unit type
| Type | All sales (last 12 months) | Market completed-unit sales (last 6 months) | |||||
|---|---|---|---|---|---|---|---|
| Sales | Median price (AED) | AED/sqft | Size (sq ft) | Sales | Median price (AED) | AED/sqft | |
| Studio | 33 | 832,000 | 2,251 | 361 | – | – | – |
| 1BR | 32 | 1,279,000 | 1,831 | 703 | – | – | – |
| 2BR | 9 | 2,090,777 | 2,049 | 1,047 | – | – | – |
"All sales" includes developer sales and handover registrations at contract prices agreed years earlier, so a project with a recent handover wave can show less than today's market. "Market completed-unit sales" is the median of completed-unit sales at a round price (a multiple of AED 5,000): market deals, where developer contract prices usually carry odd amounts. Listing portals' asking prices normally sit above registered prices. "–" means fewer than 5 sales.
Quick answers
How much does a home in Velos Residence cost?
The median registered price over the last three months is AED 1,909 per sq ft (AED 20,543 per m²), from 12 residential sales. Median prices over the last 12 months: Studio AED 832,000, 1BR AED 1,279,000, 2BR AED 2,090,777. These are registered (transacted) prices, which can be below asking prices.
Are prices in Velos Residence rising?
The median price per sq ft is -3.2% year on year. It sits +13.7% against the Motor City area median.
Who developed Velos Residence, and where is it?
It is in Motor City, Dubai.
Other projects in Motor City
| Project | Sales (3m) | AED/sqft | vs area | Off-plan |
|---|---|---|---|---|
| Binghatti Skyterraces | 542 | 1,673 | -0.3% | 100% |
| Sierra by Iman | 42 | 1,684 | +0.4% | 100% |
| Takaya | 30 | 1,916 | +14.2% | 100% |
| Mirdad | 22 | 1,885 | +12.3% | 100% |
| Sobha Solis | 14 | 2,008 | +19.6% | 100% |
| Aura | 13 | 2,580 | +53.8% | 0% |
| Sobha Orbis | 12 | 1,888 | +12.5% | 100% |
| OIA Residence | 11 | 1,218 | -27.4% | 0% |
Data as of 2026-11-05, from Dubai Land Department registrations (DLD Open Data) and the project registry. Registrations under other spellings of the same project are counted together. Monthly prices are hidden for months with fewer than 5 sales. Completion dates come from the registry and often slip. Information only, not investment advice.
Check whether an asking price in this project is high or low →
Motor City area page · Run the buy-to-let numbers
Sources: Dubai Land Department (DLD Open Data; Dubai sales before 2026 via the CC BY 4.0 republication by Dubai Real Estate Data, dubairealestatedata.com), Ejari rent contracts, Abu Dhabi Real Estate Centre (ADREC), FRED, New York Fed, US Treasury. Residential (apartment and villa) sales only; cells with fewer than 5 sales are hidden. Information only, not investment advice. Methodology