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ATARA Velora Residence in Dubai Islands, Dubai

Dubai Islands, Dubai
Q1 2029
Handover
1-4 Bedroom
Layouts
Dubai Islands, Dubai · 1-4 Bedroom · handover Q1 2029 · starting at 1,800,000AED

About the project

Velora Residence is a boutique mid-rise building by ATARA Development on Island A of Dubai Islands, Dubai. It will hold one and two-bedroom apartments and four-bedroom penthouses, with handover planned for Q1 2029.

Furnished, with a smart home system

Every residence is sold fully furnished and fitted with a smart home system. In the renders, the white building steps out in layers of balconies with planters, and palms line the roof.

Payment plan

The plan is 37/63: 37% is paid during construction and the remaining 63% on handover. Velora Residence is at the pre-launch stage, and buyers can register their interest now, ahead of the release.

Direct-to-developer access via Palmera — no buyer commission, full Palmera support from selection through handover, in your language.

Unit types

TypeBedsPrice
1BR11,800,000 AED
2BR22,300,000 AED
4BR Penthouse4—

Payment plan

Stage Share
During construction 37%
On handover 63%

The 4% Dubai Land Department fee is paid separately and is not part of the plan.

The developer

ATARA Development
Verified partner · UAE
ATARA Development was founded in 2017 in Dubai, led by COO Umid Bazarov. Its signature: luxury island villas ('Islands are our signature'). The portfolio comprises a curated collection of luxury villas across Pearl Jumeirah Island, La Mer South Island and Dubai Islands (Opal, Isola, Aquamarine, Laguna, Pearl Villas, and the AED 60M Kaia Villa). The new flagship is The Residences at Sheraton Al Marjan Island Resort in Ras Al Khaimah — the GCC's First Sheraton-Branded Residences (141 units, in partnership with Marriott International).
2017FoundedDubai, United Arab EmiratesHeadquarters
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About Dubai Islands

A five-island archipelago — Dubai's new waterfront.

Dubai Islands is Nakheel's new waterfront development: an archipelago of five islands spanning 17 km² off the coast of Deira (known as Deira Islands until 2022). Each of the five islands has a distinct focus: Central for retail and entertainment, Marina for marinas and boating, Shore for beaches and leisure, Golf for golf courses, and Elite for ultra-luxury living. Bridges at Al Khaleej Street link the islands to Deira, and once the Blue Line metro is completed (2029) there will also be direct metro access. This is an area with strong capital-growth potential over a 5 to 10 year horizon.
6.5–7%Rental yieldThe area is still under development — the nearest schools are on the Deira mainlandNearbyNurseries and educational institutions are included in the master plan and will open in the coming yearsNearbyDowntown / Burj Khalifa · ~20 minDrive time
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Location

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Frequently Asked Questions about ATARA Velora Residence

Where is Velora Residence?
Velora Residence is on Island A of Dubai Islands, Dubai. It is developed by ATARA Development.
What homes are in Velora Residence?
Velora Residence will have one and two-bedroom apartments and four-bedroom penthouses.
Are the apartments at Velora Residence furnished?
Yes. Every residence at Velora Residence is sold fully furnished and fitted with a smart home system.
What is the payment plan at Velora Residence?
Velora Residence has a 37/63 plan: 37% during construction and 63% on handover.
When is handover at Velora Residence?
Handover of Velora Residence is planned for Q1 2029.
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