FAQS

Frequently Asked Questions

Who is the developer of Viera Residences?

The Developer of Viera Residences is Vantage Ventures, a boutique and quality driven real estate developer in Dubai and Singapore. The driving force behind Vantage Ventures is Evan Lim-Penta, a leading contractor and developer. They prioritize building strong, trust-based relationships with their clients, ensuring reliability and satisfaction with every investment.

What other projects has the developer launched?

The partners have built and developed Ahad Residences in Business Bay, Sofitel Resort Palm Jumeirah, various luxury residential developments in Singapore and much more.

Where is Viera Residences located?

Viera Residences is located in Dubai Production City directly on E311 with easy access to all major roads and highways.

Location Pin: https://g.co/kgs/qxMbBpr

When is the expected completion date of Viera Residences?

The expected completion date is Q1 2026.

Is Viera Residences a freehold property?

Yes,  it is a freehold property available for both local and international investors.

How many floors is Viera Residences?

Viera Residences consists of a ground floor, podium, 8 residential floors, and a rooftop lounging area for residents.

What’s the apartment mix in Viera Residences?

Viera Residences has a total of 144 apartments.

  • Studios – 16 Units
  • 1 Beds – 74 Units
  • 2 Beds – 54 Units

Do the apartments come with furniture?

The apartments are unfurnished; however, the owners may be offered a furniture package specially tailored for the project closer to completion.

Do the apartments come with kitchen white goods?

All the units come with the following white goods:

  • Gas Oven
  • Gas Hub
  • Cooker Hood
  • Fridge/Freezer
  • Washing Machine

What is the brand of the kitchen white brands?

Teka (German) or an equivalent brand

What is the sanitary brand?

RAK and Kludi or an equivalent brand

How many parking spaces will I get?

All units in Viera Residences come with 1 parking space.

What is the payment plan for Viera Residences?

The current payment plan is 35/65 – “35% during construction and 65% on completion”

  • 20% deposit + 4% DLD Fee + AED 5,250 admin fee
  • 5% after 3 months of purchase
  • 5% after 6 months of purchase
  • 5% after 9 months of purchase
  • 65% upon completion

How can I book a unit?

You can book a unit by paying an AED 20,000 booking fee and submitting your passport & KYC form. The rest of the 20% deposit needs to be paid within 5 days of your booking along with the

4% DLD Fee and AED 5,250 admin fee.

How are the payments collected?

Cheques or bank transfers on the dates stipulated in the Sales and Purchase agreement.

Can multiple buyers purchase the same property in Viera Residences?

Yes,   multiple buyers can purchase an apartment(s)  in Viera Residences as joint buyers.

What are the amenities in Viera Residences?

First-floor amenities:

  • Pool
  • Outdoor residents lounge
  • Outdoor kids area
  • Multi-purpose hall
  • Sauna
  • Gym

Rooftop amenities:

  • Residents garden & lounge

Can I rent my property?

Yes, once handed over and the title deed is issued, you can rent your property through pre-approved service providers on a short- or long- term basis. We can facilitate this service through our experienced property management team

How can I list my property for short term rental?

We have furniture packages specially tailored for Viera Residences which will make your apartment ready for short term rental on handover. You can get in touch with our consultants for more information.

Can you manage my property?

Yes, we have a dedicated property management department who will be happy to manage your property upon handover as well as a holiday home operator.

When can I sell my property?

After paying 30%, you can proceed to sell your property upon receiving an NOC from the developer.

Can a company purchase property in Viera Residences?

Yes, registered companies can purchase property in Viera Residences subject to legal requirements by the UAE Law.

What are the service charges of Viera Residences?

Approximately AED 15-16 per sq.ft.

Can I get a mortgage on my property?

You will be able to apply for a mortgage after the completion of your property. Terms and conditions will apply.

Can I visit my property after purchase?

For safety reasons, you can’t visit your property while it’s under construction, but we will send you monthly construction updates.

 

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