Viera Residences Dubai Production City Dubai

Viera Residences is an 11-floor building of about 144 homes in Dubai Production City, the community still widely called IMPZ. It holds studios, 1 and 2 bedroom apartments, and it is the one project here you can walk through: construction started in March 2024, the build reads 100% complete and Q1 2026 was the handover quarter on record. Studios start at AED 616,000 (about Rs 1.59 crore), 2 bedroom homes at AED 1,274,000.

One thing to clear up first. The developer is Vantage Ventures Real Estate Development, which is who Property Finder and propsearch name; Zed Capital Real Estate is its exclusive broker, which is why some listings carry that name. One project, two companies, and it matters because the sale agreement should name the developer. See the rest of the emirate on our page of all Dubai projects we track.

At a glance

Price and unit pricing

The source listing carries no price of its own. Two figures come from the project pages, and the size ranges behind them do not agree, which moves the price per sq ft materially.

Against an IMPZ average of about AED 1,188 per sq ft, the 2 bedroom at roughly AED 949 is about 20% below what the community trades at and the studio at AED 1,384 to 1,575 is 16 to 33% above it. That gap between unit types is wider here than at either new Samana tower nearby, and it points the same way: the value is in the larger apartments. Ask for the unit schedule with the suite area before agreeing a price, because the size is what the calculation rests on.

Payment plan and total cost

The launch plan was 35/65: 20% on booking, 15% in three instalments through construction and 65% at handover. With the building complete that structure is largely academic — a purchase now settles close to in full.

Worked on the AED 616,000 studio: the 4% DLD transfer fee is AED 24,640 and the registration trustee costs about AED 4,000 plus VAT, with title deed and map fees on top — roughly AED 645,000 all in, about Rs 1.66 crore. On a completed unit the sale registers as a title deed transfer at a registration trustee office rather than on Oqood; buying from an existing owner adds 2% agency commission plus VAT.

Service charges in Dubai Production City run AED 12 to AED 18 per sq ft a year: about AED 6,675 on a 445 sq ft studio at AED 15, roughly Rs 1.7 lakh. This building's rate is not published anywhere we checked, and on a ready building the owners' association should already have a budget. Ask to see it.

Location and connectivity

The building sits in Me'aisem First inside Dubai Production City, off Sheikh Mohammed Bin Zayed Road (E311), with Dubai Sports City, Motor City and Jumeirah Golf Estates around it and City Centre Me'aisem as the community mall. Occupancy across the district runs well above the Dubai average, which keeps rents firm.

There is no Metro station in the community and no source we checked prints drive times from this address. The E311 is the main road out, with Al Khail Road (E44) across Sports City. At 11 floors this is low-rise among low-rise neighbours, so view premiums are limited.

Amenities and specifications

What the project pages quote: a swimming pool, two outdoor lounges, a children's play area, a multipurpose hall, a gym, a sauna, a rooftop terrace and a lobby lounge. That is a full amenity set for 144 homes, which also means the service charge carries it across few units. Fit-out, appliance brands and parking allocation are not itemised by the sources we checked — but on a finished building you need not take anyone's word: view the unit, check the parking bay number and ask for the snagging report.

About the developer

Vantage Ventures Real Estate Development is the developer of record, named by Property Finder's new-projects page and by propsearch. Zed Capital Real Estate markets the building as exclusive broker, and several listing pages credit Zed Capital as the developer, which the project records do not support.

No source we checked publishes a list of completed projects for Vantage Ventures, so there is no delivery record to judge. That gap matters far less here than on an off-plan tower: the building is finished, so the question is the quality of what was built rather than whether it will be. Inspect the unit and the common areas, and ask for the Building Completion Certificate before paying anything.

For Indian buyers

Dubai Production City is freehold and open to buyers of any nationality, with the title deed issued by the Dubai Land Department and the 4% DLD transfer fee due on registration. There is no sales tax on a residential purchase in the UAE and no annual property tax; the service charge is the recurring cost.

At about USD 168,000 the studio sits well inside one person's USD 250,000 Liberalised Remittance Scheme allowance for a financial year, and the AED 1,274,000 two bedroom at about USD 347,000 clears if a couple remits USD 250,000 each. Neither reaches the AED 2 million Golden Visa threshold. Yield is where a ready building pays: IMPZ rents run about AED 87 per sq ft, so the 2 bedroom at about AED 949 per sq ft works out near 9.2% gross, in line with the district median, while the studio at AED 1,384 comes out closer to 6.3%. Rent starts now rather than in 2028. Rental income is taxable in India for a resident at your slab rate with the standard 30% deduction, and the UAE levies nothing on residential rent to credit against it.

Pros

• The build reads 100% complete, so rent can start now rather than in 2027 or 2028
• The 2 bedroom at about AED 949 per sq ft is roughly 20% below the IMPZ average of AED 1,188
• On community rents of AED 87 per sq ft the 2 bedroom works out near 9.2% gross
• DLD escrow account 100110040083 is published, which most projects in this batch do not manage
• At about USD 168,000 the studio fits comfortably inside one person's LRS allowance in a single year

Cons

• The two published size ranges disagree by more than 10% at the studio and by over 400 sq ft at the 2 bedroom
• No source we checked publishes a completed-project record for Vantage Ventures
• Several listing pages credit Zed Capital, the broker, as the developer
• The studio at AED 1,384 to 1,575 per sq ft is 16 to 33% above the community average
• No DLD project number and no published service-charge rate for the building
• No Metro station, no view premium at 11 floors, and a car-only community

Who this is for

• Investors who want rent from day one rather than a 2027 or 2028 handover
• Buyers of the 2 bedroom, which is priced below the community average per sq ft
• Indian buyers who want the whole purchase inside one LRS allowance in a single financial year

Who should look elsewhere

• Buyers who want a long payment plan; a finished building is bought close to in full
• Golden Visa buyers, since even the 2 bedroom is AED 726,000 short of AED 2 million
• Anyone who will not inspect the unit, the parking bay and the service-charge budget

Our verdict

Viera Residences is the one building here where the risk is quality rather than delivery. It is finished, the escrow account number is public, and the 2 bedroom at about AED 949 per sq ft is roughly 20% below what IMPZ trades at, which on community rents of AED 87 per sq ft gets close to the 9.2% gross the district is known for. Against that, the developer has no published completion record, two sources disagree on sizes by 400 sq ft at the 2 bedroom, and the studio is priced 16 to 33% above the community. All three are answerable in an afternoon: get the unit schedule with the suite area, view the apartment and the common areas, and ask for the Building Completion Certificate and the owners' association budget. If you would rather have a long payment plan than a finished building, our pages on Samana Resorts and Samana Sky Views cover the two off-plan towers in the same community, and the whole batch sits under projects.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What is the starting price of Viera Residences?

AED 616,000 (about Rs 1.59 crore) for a studio, with 2 bedroom homes from AED 1,274,000 (about Rs 3.28 crore). The size ranges behind those figures differ between sources — 445 to 1,770 sq ft on one and 391 to 1,343 sq ft on another — so the studio works out at AED 1,384 or AED 1,575 per sq ft depending on which you use.

Is Viera Residences ready?

The build reads 100% complete and Q1 2026 was the handover quarter on record, with construction having started in March 2024. Treat it as a ready purchase, but ask for the Building Completion Certificate and confirm the title deed position for the specific unit before paying anything.

What was the payment plan at Viera Residences?

35/65 as launched: 20% on booking, 15% through construction, 65% at handover. With the building finished that schedule is largely academic and a purchase now settles close to in full. On the AED 616,000 studio add the 4% DLD transfer fee of AED 24,640, about AED 4,000 plus VAT for the registration trustee, and title deed and map fees.

What rental yield can I expect at Viera Residences?

IMPZ rents run about AED 87 per sq ft against a community average of about AED 1,188, a median gross yield near 9%. The 2 bedroom here at about AED 949 per sq ft works out close to 9.2% gross, the studio at AED 1,384 nearer 6.3%, before service charges of AED 12 to 18 per sq ft.

Is it registered with the Dubai Land Department, and can an Indian citizen buy?

Yes to both. propsearch prints DLD escrow account number 100110040083, though no source prints the project number. The community is freehold and open to all nationalities, and at about USD 168,000 the studio fits inside one person's USD 250,000 LRS allowance in a single year. Neither unit type reaches the AED 2 million Golden Visa threshold.

For the current availability, the unit schedule with sizes and a viewing, talk to Realty Hunting and we will set the numbers against the alternatives before you commit.

Compare with other Dubai projects

Also in Dubai Production City: Park Five (from AED 640,690, handover 2027), Samana Resorts (from AED 669,000, handover 2028), Samana Sky Views (from AED 689,000, handover 2027) and Deyaar Midtown Noor (from AED 490,000, ready).

A similar budget elsewhere in Dubai: Rabdan NAS 3 (from AED 616 K, off-plan), Azizi Aryan (from AED 613,000, handover 2026) and Floarea Oasis (from AED 620,000, handover 2028).

Read next: Dubai Rental Yields by Area, Gross and Net · Resale Property in Dubai: Costs, Checks and When It Beats Off-Plan · Property in Dubai Under AED 1 Million: What It Buys. Every Dubai project we track is listed on the Dubai section.