Vela by OmniyatBusiness Bay
28,810,000 AEDstarting
6,768 AED/ft²
36 units29%Available Now
Vela by Omniyat
Business Bay
3 - 4 BedsApartment
Launch price
28,810,000 AED
Booking
25%
Booking
Construction
35%
Construction
Handover
40%
Handover
Local Information
-- to
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 Analysis for Vela by Omniyat
Apartment
3 B/R
22 units
4,253 – 6,361 ft²
No market history available yet
Starting price
28.81M
6,768 /ft²
Current price
34.71M
6,742 /ft²
Every bedroom
priced differently.
All chartsLaunch curvesLive comparables
Price History for Vela by Omniyat
| Date | Price | Type | Beds | |||
|---|---|---|---|---|---|---|
| 7 Apr 2026 | 28,813,500 | Apartment | 3 B/R | 4,257 ft² | — | 6,768 |
| 5 Feb 2026 | 40,615,452 | Apartment | 3 B/R | 6,047 ft² | — | 6,717 |
| 20 Aug 2024 | 42,903,000 | Apartment | 3 B/R | 6,302 ft² | — | 6,808 |
| 26 Jun 2024 | 36,417,229 | Apartment | 3 B/R | 5,988 ft² | — | 6,082 |
| 27 May 2024 | 44,602,500 | Apartment | 3 B/R | 6,047 ft² | — | 7,376 |
| 1 Mar 2024 | 31,481,835 | Apartment | 3 B/R | 4,257 ft² | — | 7,395 |
| 26 Jan 2024 | 28,813,500 | Apartment | 3 B/R | 4,257 ft² | — | 6,768 |
| 22 Jan 2024 | 38,193,750 | Apartment | 3 B/R | 6,361 ft² | — | 6,004 |
| 22 Jan 2024 | 31,186,470 | Apartment | 3 B/R | 4,257 ft² | — | 7,326 |
| 22 Jan 2024 | 39,159,000 | Apartment | 3 B/R | 6,302 ft² | — | 6,214 |
| 22 Jan 2024 | 37,460,430 | Apartment | 3 B/R | 6,361 ft² | — | 5,889 |
| 22 Jan 2024 | 39,742,500 | Apartment | 3 B/R | 6,361 ft² | — | 6,248 |
7 Apr 2026
28,813,500
3 B/RApartment
4,257 ft²
—
6,768
5 Feb 2026
40,615,452
3 B/RApartment
6,047 ft²
—
6,717
20 Aug 2024
42,903,000
3 B/RApartment
6,302 ft²
—
6,808
26 Jun 2024
36,417,229
3 B/RApartment
5,988 ft²
—
6,082
27 May 2024
44,602,500
3 B/RApartment
6,047 ft²
—
7,376
1 Mar 2024
31,481,835
3 B/RApartment
4,257 ft²
—
7,395
26 Jan 2024
28,813,500
3 B/RApartment
4,257 ft²
—
6,768
22 Jan 2024
38,193,750
3 B/RApartment
6,361 ft²
—
6,004
22 Jan 2024
31,186,470
3 B/RApartment
4,257 ft²
—
7,326
22 Jan 2024
39,159,000
3 B/RApartment
6,302 ft²
—
6,214
22 Jan 2024
37,460,430
3 B/RApartment
6,361 ft²
—
5,889
22 Jan 2024
39,742,500
3 B/RApartment
6,361 ft²
—
6,248
A little more context
changes the read.
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Showing 12 most recent sales transactions
What's Available for Vela by Omniyat
| Unit # | Type | Beds | From | Built-up | Int. Area | Ext. Area | Floor |
|---|---|---|---|---|---|---|---|
No units to display | |||||||
No units to display
Price Trends
For units in Business Bay
Comparable Buildings in Business Bay
Assigned Schools
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Contact datahabibi
FAQ
Vela by Omniyat is positioned within the Marasi Bay area of Business Bay, a designated freehold district in Dubai. The building is situated directly along the Dubai Water Canal, offering residents waterfront views and proximity to the Burj Khalifa district.
The building features unique L-shaped corner pools for residences and provides exclusive access to the amenities at The Lana hotel and the beach club at One at Palm Jumeirah. The building also includes a triple-height gym, a private spa suite, and a cinema room, all managed by the Dorchester Collection.
This development is designed for ultra-high-net-worth individuals and investors seeking exclusive, branded residences in a central waterfront location. The project's limited inventory of 38 units and its focus on bespoke service make it suitable for those prioritizing privacy, architectural design, and a managed lifestyle.
The tower is an off-plan project with a projected handover scheduled for the fourth quarter of 2026. Construction is currently underway at the site in Marasi Bay.
