Velos Residence rents
- 25 new leases and 13 renewals in 12 months
- 408 units
- Motor City
- near Sharaf Dg Metro Station
A one-bed here leases for about AED 65,001 a year, 10% below the typical Motor City one-bed. New tenants pay more than renewing ones, who pay AED 62,553.
1 bed · typical new lease
65,001AEDa year
AED 84/sqft · -13.3% on a year
- A month, roughly
- AED 5,417
- Renewal
- AED 62,553
- vs Motor City 1 bed
- 10% below the median
- New leases, 12 months
- 23
What should a lease in Velos Residence cost?A one-bed leases for about AED 65,001 a year; new tenants pay 3.9% more than renewing ones
Median annual rent, AED a year, on Ejari leases starting in the 12 months to 12 Oct 2026. Renewal is blank where too few were registered; “typical” is the Motor City median for the type.
Ask an agent about this rent →Rent history and contracts
Every contract registered with Ejari — data to 2026-10-12.
A one-bed here now costs 13.3% less than a year earlier: AED 65,001 against 75,000.
Chart data, 1 bed: Oct 2012, AED 40,000; latest, Oct 2026, AED 61,750; peak, Jan 2026, AED 75,455.
38 contracts starting on or after 12 Oct 2025.
About Velos ResidenceA 35-floor tower in Motor City, an 18-minute drive from Dubai Marina
Velos Residence is an under-construction (0% built) apartment building in Motor City. 38 yearly leases, new and renewed, were registered with Ejari in the last 12 months.
The building, as registered
- Floors
- 35
- Lifts
- 7
- Parking bays
- 445
- Pools
- 2
Drive times · typical
- Downtown
- 21 min · 21 km
- DXB Airport
- 23 min · 30 km
- DIFC
- 19 min · 25 km
- Dubai Marina
- 18 min · 17 km
- Palm Jumeirah
- 24 min · 22 km
Nearest, as registered
- Metro
- Sharaf Dg Metro Station
- Mall
- Mall of the Emirates
- Landmark
- Motor City
Letting a unit in Velos Residence?9% of units here signed a yearly lease in 12 months; new tenants pay more than renewing ones
- Units on a yearly lease
- 9%Watch
- 38 leases, new and renewed, across 408 units
- New tenant vs renewal
- +6.8%
- New leases AED 65,000, renewals 60,835, all types
Ejari leases to 12 Oct 2026
Thinking of selling? Velos Residence sale prices →Market context in Motor City
Registered sales activity
754 ready apartment sales in the 12 months to 2026-10-12.
+11.1% in median AED/sqft versus the preceding year, supported by 754 current and 991 prior price observations.
Explore sales activityPlanned apartment projects
0 known registered units across 0 pending projects planned within one year of the 2026-07-06 register.
1 projects had already passed their planned date; 0 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
8,216 apartments are planned in Motor City from 2026 to 2028, equal to 4.6 times the 1,767 homes let there today.
Ready prices per sqft fell in 35% of 23 buildings (counted once per bedroom type) in Motor City with sales in both years; the typical one moved +5.1%.
The pooled median moved +11.1%: 6.1 points more than the typical building, because different buildings traded in each year.
New-lease rents fell in 55% of 11 buildings (counted once per bedroom type) with leases in both years; the typical one moved −2.0%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
Nearby in Motor City
Prices per sq ft around Velos Residence, on the mapPrices per sq ft around Velos Residence, on the map
Oia Residence
Motor City · 119 contracts, 12 months
115,000
AED a year median · 80/sqft
Eden Apartments
Motor City · 86 contracts, 12 months
79,935
AED a year median · 72/sqft
Beverly Grande By HMB Homes
Motor City · 67 contracts, 12 months
75,000
AED a year median · 80/sqft
The Community Motor City
Motor City · 44 contracts, 12 months
67,798
AED a year median · 87/sqft
Ask about Velos Residence
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Common questions
- What is the registered annual rent for a 1 bedroom in Velos Residence?
- The median new annual rent is AED 65,001, from 23 Ejari contracts in the trailing 12 months to 2026-10-12. The evidence is recorded for this building. Compare the same bedroom type; floor, view and condition can change an individual rent.
- Have registered rents in Velos Residence risen or fallen?
- The median new annual rent changed -13.3% in the trailing 12 months against the previous 12, using 23 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.
- Do new tenants in Velos Residence pay more than sitting ones?
- A new tenant pays +3.9% against a renewing one, across 9 renewal contracts in the last 12 months. This compares different new and renewal contract groups, not the same tenancy before and after a move. It is not a permitted rent increase or a guaranteed gain.
- How many apartments change hands in Velos Residence?
- 42 sales were registered with the Dubai Land Department in the last 12 months, alongside 23 Ejari rental contracts. Every median on this page rests on those counts.
- Which metro station is closest to Velos Residence?
- Sharaf Dg Metro Station, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Mall of the Emirates.
For agents
Send this page to a client as a branded report
Velos Residence rental record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 23 registered rental contracts in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts
- Canonical record
- /rent/apartments/dubai/motor-city/velos-residence
Cite as: Dubai Wealth Index. “Velos Residence rents and yield.” Motor City, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/rent/apartments/dubai/motor-city/velos-residence
Stable dataJSON