Vela by Omniyat is an iconic 31-storey ultra-luxury residential tower rising along the Dubai Water Canal in Business Bay. Crafted by globally acclaimed Foster + Partners and managed by Dorchester Collection, Vela brings together avant-garde architecture, bespoke interiors by Gilles & Boissier, and a limited collection of only 38 residences, including signature apartments, penthouses, and a 3-storey Sky Palace.
Positioned just minutes from Downtown Dubai and Burj Khalifa, Vela by Omniyat redefines canal-front living with dramatic double-height spaces, private terrace pools, and panoramic views of Marasi Bay and the Dubai skyline.
Property Details
| Feature | Details |
| Property Name | Vela by Omniyat |
| Developer | Downtown Creek Real Estate Development (Omniyat Group) |
| Master Developer | Dubai Properties Group |
| Location | Business Bay, Dubai (Dubai Water Canal) |
| Architects | Foster + Partners & Rice Perry Ellis |
| Interior Design | Gilles & Boissier |
| Main Contractor | Arabian Construction Company |
| Property Types | Apartments, Penthouses, Sky Palace |
| Unit Types | 3, 4 & 5 Bedrooms |
| Unit Sizes | 4,253 to 22,992 Sq. Ft |
| Total Units | 38 Exclusive Residences |
| Starting Price | AED 30,300,000 |
| Project Value | AED 203,000,000 |
| Handover Date | Q4 2026 (Estimated) |
| Ownership | Freehold |
| Height | 150 meters (492 ft) |
| Basements | 4 Levels (Parking) |
| Views | Marasi Bay, Burj Khalifa, Dubai Canal |
Features & Amenities
- Infinity lap pool floating above the marina
- L-shaped private terrace pools in select units
- Triple-height gym with panoramic marina views
- Exclusive spa suite, sauna, steam & beauty salon
- World-class dining and in-residence catering
- 24/7 concierge, porter, valet & housekeeping services
- Cinema room and lounge
- Meeting rooms & business facilities
- Kids’ play areas
- Golf buggy shuttle to The Lana (Omniyat)
- Exclusive access to private beach club at One at Palm Jumeirah
Location & Connectivity
Located in the heart of Business Bay, Vela offers seamless access to Dubai’s most iconic locations:
- 5 mins, Downtown Dubai / Burj Khalifa
- 8 mins, Dubai Mall
- 10 mins, Dubai International Financial Centre (DIFC)
- 15 mins, Dubai International Airport
- 20 mins, Jumeirah Beach
- Direct access to Sheikh Zayed Road & Marasi Promenade
Payment Plan
(Flexible plans available upon request. Details to be confirmed by developer.)
Floor Plans
Unit sizes at Vela by Omniyat at Dubai Marina run from 4,253 to 22,992 square feet: 3-Bedroom Apartment at 4,253 sq ft, 4-Bedroom Apartment at 6,302 sq ft, 5-Bedroom Apartment at 7,351 sq ft and Sky Palace (Triplex) at 22,992 sq ft. These are the developer stated areas. Ask us for the registered size on a specific unit before you offer, because the two do not always agree.
| Unit Type | Size Range | Category |
| 3-Bedroom Apartment | 4,253 to 6,361 Sq. Ft | Apartment |
| 4-Bedroom Apartment | 6,302 to 8,462 Sq. Ft | Apartment |
| 5-Bedroom Apartment | 7,351 to 11,727 Sq. Ft | Apartment |
| Penthouses | Custom Sizes | Penthouse |
| Sky Palace (Triplex) | 22,992 Sq. Ft | Sky Palace |
(Full floor plans available upon request.)
Why Invest in Vela by Omniyat
- Prime canal-facing location in Business Bay
- Limited-edition units, only 38 residences
- Designed by Foster + Partners, interiors by Gilles & Boissier
- Managed by Dorchester Collection, 5-star hospitality
- Impressive capital appreciation & strong ROI potential
- Record-breaking transactions (up to AED 74M) prove high demand
- Access to Omniyat’s ultra-luxury lifestyle network
- Freehold ownership open to all nationalities
Recent Sales Transactions at Vela by Omniyat
| Date | Unit Size | Price (AED) | Price/Sq. Ft |
| 22 May 2024 | 8,462 Sq. Ft | AED 74,042,191 | AED 8,750 |
| 18 Aug 2025 | 8,462 Sq. Ft | AED 62,000,008 | AED 7,327 |
| 11 Feb 2025 | 7,351 Sq. Ft | AED 50,318,100 | AED 6,845 |
| 27 May 2024 | 6,047 Sq. Ft | AED 44,602,500 | AED 7,376 |
| 20 Aug 2024 | 6,302 Sq. Ft | AED 42,903,000 | AED 6,808 |
| 26 Jun 2024 | 5,988 Sq. Ft | AED 36,417,229 | AED 6,082 |
| 26 Jan 2024 | 4,257 Sq. Ft | AED 28,813,500 | AED 6,769 |
Verified by Dubai Land Department | Off-plan Registrations
FAQs About Vela by Omniyat
Q1: What is the starting price at Vela by Omniyat?
A: Prices start from AED 30.3 million.
Q2: What types of residences are available?
A: 3 to 5-bedroom apartments, penthouses, and a triplex Sky Palace.
Q3: Who is managing the property?
A: Dorchester Collection, known for luxury hospitality globally.
Q4: When is the expected handover?
A: Handover is scheduled for Q4 2026.
Q5: Is Vela by Omniyat a freehold property?
A: Yes, it offers freehold ownership for all nationalities.
Contact Cresco Real Estate Today
📞 Call: +971 52 102 1429
📧 Email: info@crescorealestate.ae
Request pricing, floor plans, brochures, and VIP availability for Vela by Omniyat in Business Bay.
More about Dubai Marina
Read the Cresco area guide to Dubai Marina. Prices, rental yields, handover timelines, schools, commute times and what actually sells there.
Open the Dubai Marina area guide
You may also want to read how buying off plan works and work out the rental yield.
What buyers actually registered in Business Bay
Dubai Land Department registered transactions, not advertised asking prices.
Between 30 June 2026 and 18 August 2026, 655 residential sales were registered in Business Bay. The median was AED 1,738,630 and the middle half fell between AED 1,217,500 and AED 2,850,004. This project is advertised from AED 30,300,000, which sits above that range.
For the unit type this project leads with, 3 B/R, the registered median in Business Bay was AED 4,490,726 across 36 sales, at AED 2,303 per square foot and a median size of 2,089 sq ft.
| This project, advertised entry price | AED 30,300,000 |
| Registered median price, Business Bay | AED 1,738,630 |
| Middle half of registered sales | AED 1,217,500 to AED 2,850,004 |
| Registered median per sq ft | AED 2,121 |
| Registered median unit size | 880 sq ft |
| Share bought off plan | 38% |
| Ready stock, median per sq ft | AED 1,849 from 406 sales |
| Off plan stock, median per sq ft | AED 2,584 from 249 sales |
| Registered residential sales in the period | 655 |
Registered sales by bedroom count in Business Bay
| Type | Sales | Median price | Per sq ft | Median size |
|---|---|---|---|---|
| Studio | 118 | AED 985,000 | AED 2,085 | 448 sq ft |
| 1 B/R | 215 | AED 1,540,000 | AED 2,072 | 813 sq ft |
| 2 B/R | 112 | AED 2,464,270 | AED 1,855 | 1,366 sq ft |
| 3 B/R | 36 | AED 4,490,726 | AED 2,303 | 2,089 sq ft |
Source: Dubai Land Department open data. Registered sales of residential units between 30 June 2026 and 18 August 2026. Mortgages and gift transfers are excluded because they are not arms length sales. Sizes are converted from square metres at 10.7639 sq ft per sq m. The entry price shown for this project is our advertised starting price and is not a registered transaction. Community figures are medians across every project in the community, not this project alone. We do not publish a price per square foot for this project because advertised size ranges are not a reliable basis for that calculation.
What actually transacted in Business Bay
Before you judge a launch price, look at what the community around it registered. Over the last twelve months Business Bay recorded 19,309 registered rental contracts and 2,646 ready sales, all filed with the Dubai Land Department. These are signed contracts, not asking prices.
Rent registered at AED 119 per sqft against a ready sale price of AED 1,986 per sqft. That is a gross yield of 6.0% on ready stock in this community.
We use ready sale prices rather than blended prices deliberately. You cannot rent a home that has not been handed over, so an off plan launch price in a yield calculation produces a number that cannot happen.
Registered rents in Business Bay moved +2.3 against the twelve months before.
The shorter window disagrees. On the most recent three months of contracts the same community reads -10.4%. Summer seasonality and smaller samples both sit inside that number, but we publish it rather than quote only the figure that flatters the market.
| Unit type | Contracts registered | Average annual rent (AED) | Rent per sqft (AED) | Change vs 12 months earlier |
|---|---|---|---|---|
| Studio | 4,452 | 68,967 | 145 | +0.7 |
| 1 bedroom | 8,033 | 93,568 | 120 | +2.1 |
| 2 bedroom | 5,152 | 134,111 | 102 | +3.3 |
| 3 bedroom | 1,540 | 187,515 | 93 | +4.6 |
| All apartments | 19,309 | 108,453 | 119 | +2.3 |
Full Business Bay guide · Live Dubai market update · Run these numbers on a specific unit
Data verified 31 August 2026. Dubai Land Department registered transactions via Bayut TruView, rolling 12 months to August 2026.
