VelaBusiness Bay

28,810,000 AEDstarting

6,768 AED/ft²

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36 units29%Available Now

Vela

Business Bay

3 - 5 BedsApartment

Launch price

28,810,000 AED

Payment Plan: 25/35/40

Vela

Business Bay

3 - 5 BedsApartment

Launch price

28,810,000 AED

Payment Plan: 25/35/40

Vela

Business Bay

by Omniyat

Booking

25%

Booking

Construction

35%

Construction

Handover

40%

Handover

Local Information

Description

Vela offers luxury apartments for sale in Business Bay, a 30-storey residential building developed by Omniyat. The project features 40 exclusive apartments, including 3 to 5-bedroom units, penthouses, and a sky palace. Construction began in November 2023, with an anticipated completion in Q3 2027. The payment plan includes 25% deposit, 35% during construction, and 40% upon handover. Designed by Foster + Partners and managed by Dorchester Collection, the residences offer views of the Dubai Water Canal and Burj Khalifa. Nearby attractions include Downtown Dubai, Dubai Mall, and the Business Bay Metro Station. Hartland International School and North London Collegiate School Dubai are also in proximity.

Price History for Vela

Comparable Projects in Business Bay

Project	Price per ft²	Construction	Handover	Developer
The Residences, Dorchester CollectionOmniyat 3,663 AED/ft² 100% Q2 2022	The Residences, Dorchester Collection	3,663 AED/ft²	100%	Q2 2022
DAMAC Towers by Paramount Hotels & ResortsDAMAC Properties 2,397 AED/ft² 100% Q4 2018	DAMAC Towers by Paramount Hotels & Resorts	2,397 AED/ft²	100%	Q4 2018
VolanteXtreme Vision 1,983 AED/ft² 100% Q1 2017	Volante	1,983 AED/ft²	100%	Q1 2017
Al Habtoor CityAl Habtoor Group 2,145 AED/ft² 100% Q1 2022	Al Habtoor City	2,145 AED/ft²	100%	Q1 2022
Crystal TowerReef Real Estate Investment Co. LLC 3,234 AED/ft² 100% Q1 2010	Crystal Tower	3,234 AED/ft²	100%	Q1 2010

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Unit Plot Map for Vela

What's Available for Vela

Unit #	Type	Beds	From	Built-up	Int. Area	Ext. Area	Floor
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Price Trends

For units in Business Bay

Affordability

Assigned Schools

Neighborhood Overview

Business Bay

247 Buildings For You

Buy: AED 112K - 550.0M

YoY Price Change: +5.4%

Gross Yield: No rental data available yet

Neighborhood stats provided by Dubai Land Department.

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FAQ

Vela features an exclusive collection of only 40 residences, including penthouses and a Sky Palace, all managed by the Dorchester Collection. The project is designed by Foster + Partners and incorporates unique L-shaped corner pools and double-height living spaces.

The project is tailored for ultra-high-net-worth individuals and investors seeking prime waterfront assets in Dubai. Its limited inventory and ultra-luxury positioning appeal to those prioritizing exclusivity, bespoke service, and iconic views of the Burj Khalifa and Dubai Water Canal.

The payment plan for Vela consists of a 25% deposit, 35% paid during the construction phase, and the remaining 40% due upon handover. This structure is designed to align with the project's development milestones leading up to the 2027 completion.

This development is situated directly along the Dubai Water Canal in the Burj Khalifa District. This waterfront position provides residents with immediate access to the Marasi Bay promenade and proximity to Downtown Dubai.