Velos Residence

1. Is it on schedule?0% built in July 2026 against a October 2028 handover: 100% left to build in 27 months · DLD project register, Jul 20260%Context
2. Is my money protected?Payments go to an escrow account at يونايتد بنك ليمتد (مكتب ادارة), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 2,044/sqft, 8.7% above the Motor City off-plan median across 11 projects+8.7%Context
4. Is it selling?94 off-plan sales registered in the last 12 months, of 408 units; the latest on 2 Oct 202694Context
5. Who is building it?The register names the master developer, Union Properties; the builder is not recordedNo record

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

يونايتد بنك ليمتد (مكتب ادارة)

Master developer

Union Properties

Registered start

September 2025

Configuration

G+2P+30+R

Construction progress is the percentage DLD recorded in its project register as of July 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

When will Velos Residence be completed?

The developer registered handover for October 2028, 27 months after DLD’s latest record, and the project was 0% built as of July 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department project register as of July 2026.

What does Velos Residence cost per square foot?

AED 2,044 per sqft, the median of 94 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 1.22M. That is 8.7% above the Motor City off-plan median across 11 projects.

Is Velos Residence in escrow?

Yes: the Land Department register names يونايتد بنك ليمتد (مكتب ادارة) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of Velos Residence?

The register names the master developer, Union Properties, which owns the land; the company building the project is not recorded. Dubai Land Department project register as of July 2026.

How many units does Velos Residence have?

408 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.