logo
Cityview Developments celebrates official launch of Velos Residence in Motor City

Cityview Developments celebrates official launch of Velos Residence in Motor City

Zawya17-07-2025
Dubai, UAE – CITYVIEW Developments, a leading real estate developer across the UAE, Turkey, and Georgia, in partnership with Evolutions, Dubai's first real estate intelligence hub, announced the official launch of Velos, a dynamic residential development located in Motor City, Dubai. The launch took place on the 16th of July at Madinat Arena, where an elite audience of over 2,000 investors and brokers gathered for an exclusive first look at the project.
A new landmark in Motor City, Velos is a G + 2P + 30-storey residential tower comprising 408 units that include fully furnished studios, as well as unfurnished one- and two-bedroom apartments that include kitchen appliances, with sizes reaching up to 1,235 sqft. Designed and engineered to complement the dynamic, fast-paced lifestyle that defines Motor City, Velos features a contemporary architectural form inspired by movement and modern urban living.
Velos offers attractive payment plans tailored to both investors and end-users. Studios and one-bedroom units are available on a 40/60 payment plan, with 40% payable during construction, distributed across milestones with zero-interest financing. Two-bedroom apartments come with a 35/65 payment plan, minimizing initial commitment and maximizing post-handover mortgage potential.
Amenities are distributed across three distinct floors at Velos, totaling to 81,906 sqft of seamless access to wellness, leisure, and social interaction throughout the tower. Residents will enjoy a comprehensive range of facilities including padel and basketball courts, rooftop infinity pool with wooden deck, indoor and outdoor gyms, a Mediterranean themed garden, co-working lounges, a beverages bar, children's play areas, an outdoor cinema, and many more.
Adham Younis, CEO of Evolutions, commented, 'Evolutions is proud to partner with CITYVIEW Developments for the second time on this exciting project. Building on the success of our previous collaboration on Hyde Residences Dubai Hills, we've designed every aspect of Velos to empower investors and residents. Velos represents a forward-thinking approach to urban living, one that blends architectural sophistication with lifestyle-driven design. Our vision is to create, and more importantly, deliver a development that resonates with a new generation of residents seeking connectivity, well-being, and modern expressions.'
To learn more about Velos, visit www.velosresidence.com.
About CITYVIEW Developments
CITYVIEW Developments is a UAE-based real estate developer with a global presence, renowned for its fresh and creative approach to residential, commercial, and hospitality spaces. Through strategic collaborations with top global brands and award-winning architects, CITYVIEW creates dynamic developments that are strategically located and crafted to inspire, connect, and evolve with the changing needs of modern urban life. CITYVIEW is best known for developing Hyde Residences Dubai Hills, the first lifestyle branded development in Dubai Hills Estate.
For more information, visit www.cityview.me
About Evolutions
Evolutions is the first-of-its-kind real estate intelligence hub in Dubai that combines a concept store of exclusive developments, a 360-degree consultancy that specializes in the entire real estate lifecycle, and a global network of industry experts to facilitate connections with major industry players. The company serves as a bridge connecting all stakeholders, including developers, investors, brokers, and end-users. It actively supports the interests of every stakeholder, working towards creating, developing, and delivering valuable assets.
For more information, visit www.evolutions.ae
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Money & Me: ‘Starting a company helped me attain financial independence'
Money & Me: ‘Starting a company helped me attain financial independence'

The National

timean hour ago

  • The National

Money & Me: ‘Starting a company helped me attain financial independence'

Deepika Nahata became an entrepreneur when she identified a pain point for many working households: doing the laundry. Partnering with a close relative, she launched WashOn Laundry as a family business in Dubai just before the Covid-19 pandemic. The company caters to individuals and businesses such as hotels, salons and gyms, and offers additional services such as shoe cleaning, bag restoration, cleaning of carpets, curtains and sofas. She credits running the business for five years with giving her financial independence and more autonomy in taking decisions on money matters. 'We initially thought we had taken the wrong decision, but consistency and attention to customers' requirements are the only secret to success,' says Ms Nahata, 36, who is from the north-eastern Indian state of Assam. WashOn, which is based in Dubai Investment Park, has now grown to 100 employees. Ms Nahata has been living in Dubai for the past 10 years and currently lives in Murooj Al Furjan with her husband, who is a software engineer, two sons aged 10 and 2, and her in-laws. She is a commerce graduate and holds a chartered accountant internship. Did wealth feature in your childhood? What did you learn from it? I was raised as a saver. Whenever I asked for pocket money, my mother would advise me to separate my needs from my wants. I didn't realise it then, but that simple lesson has changed the way I think about money. The habit of saving has helped me tide over emergencies. Saving and reinvesting our profits back into the laundry business have helped us to enhance our way of working by updating equipment and expanding our service offering. I only choose to spend on things that add value and offer me something in return. How did you first earn? The first income I earned was for my CA internship, making 5,000 Indian rupees ($57.8) per month in 2012. Following the internship, my employer shifted me to a full-time role on a monthly pay of 20,000 rupees. Any early financial jolts? I remember one time when I had started working in India and my parents travelled out of town. The washing machine in my house broke down and I had no money to pay the technician. I had to borrow money from my neighbour. That was a wake-up call because I had no savings and was spending all my income going out with friends. How do you grow your wealth? Through reinvesting profits back into my business. I am a smart spender and only invest in things that add value. I don't spend lavishly on parties or luxuries, instead I'm focused on doing things that add value to my working life. Have you been wise with money? Yes, it's been five years since we founded WashOn. The time, care and effort we have put into growing it are paying us back, not just in terms of revenue but also in terms of the experience and lessons from running the business. What has been your best investment? Building our business. We started the venture from scratch. But now we are able to provide employment to 100 people and sustain their livelihoods. That gives us pride and joy. Any cherished purchases? Only the new equipment that we have purchased to improve efficiencies and add value to our laundry business. Any financial advice for your younger self? Don't wait to be financially ready. Whenever you feel like starting a business or doing something on your own, start small but at least make a start. When my co-founder and I decided to start the business, we had a lot of doubts, but we didn't want to be financially dependent on someone else. There were many financial challenges as well and the prospect of taking risk. I am quite risk averse. But we decided to take the plunge. As it's a family business and we didn't want to take on loans, we tapped into family savings. We started with five to six employees and today we have more than 100 workers and there's been a huge increase in our business revenue. Any key financial milestones? Running the business has helped us gain financial independence and also given us decision-making powers. Earlier, we had to take our husbands' consent on important financial matters. Now, my co-founder and I are financially savvy and take crucial decisions ourselves. What luxuries are important to you? Spending quality time with family. What are your financial goals? I want to grow WashOn to a level where we can provide our services all over the UAE. Currently, we are focused on Dubai only.

ADFD attends opening of Jordan Digital Health Centre
ADFD attends opening of Jordan Digital Health Centre

Gulf Today

timean hour ago

  • Gulf Today

ADFD attends opening of Jordan Digital Health Centre

In the presence of His Royal Highness Prince Al Hussein Bin Abdullah II, Crown Prince of the Hashemite Kingdom of Jordan, Abu Dhabi Fund for Development (ADFD), represented by Mohammed Saif Al Suwaidi, Director General, participated in the official inauguration of the Jordan Digital Health Centre, a pioneering virtual hospital initiative. This initiative is part of the UAE's broader grant, managed by ADFD, to enhance development projects aligned with Jordan's Economic Modernisation Vision 2023-2025, with a total funding of Dhs1.5 billion. These projects further contribute to Jordan's National Council for Future Technology agenda and reinforce the UAE's ongoing commitment to driving strategic development partnerships in the region. The Jordan Digital Health Centre aims to connect healthcare centres and create an integrated electronic medical records management system through a unified digital platform, to enhance Jordan's healthcare sector in delivering remote care services aligned with international standards. Executed through the support of UAE-based company 'Presight,' a leader in advanced technology and AI-driven digital solutions, in collaboration with Jordan's Ministry of Digital Economy and Entrepreneurship, this centre marks a strategic milestone in enhancing Jordan's digital health infrastructure. During the ceremony, Prince Al Hussein extended his appreciation to the UAE's leadership, President His Highness Sheikh Mohamed Bin Zayed Al Nahyan, and His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. He emphasised that this initiative underscores the enduring strategic ties between the two nations and their commitment to advancing sustainable development and economic integration across key sectors. He also praised ADFD's key role in supporting transformative development initiatives, as the Jordan Digital Health Centre serves as a model of cross-border institutional collaboration. WAM

Pictures of the week: From sunning carpets in Antalya to diving into the Euphrates
Pictures of the week: From sunning carpets in Antalya to diving into the Euphrates

The National

time2 hours ago

  • The National

Pictures of the week: From sunning carpets in Antalya to diving into the Euphrates

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East. 'Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,' she explains. 'Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer's discretion and require approval.' If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store