Vela
Vela Offered by Buy Dubai Off-Plan
Vela

Vela

by OMNIYAT in Business Bay View on map Handover soon

Starting price
AED 30,000,000
Payment plan
60/40
Handover
Q4 2026

≈ € 7,200,000

Project details

Starting price AED 30,000,000 ≈ € 7,200,000 What will my monthly payments be?
Payment plan 60/40 60% during construction, 40% at handover
Handover Q4 2026 Handover soon
Bedrooms 345
Property type
Apartment, Penthouse
Floor area
395 to 1,089 m²
Developer
OMNIYAT
Location
Business Bay
Project brochure
Free, with no obligation

The Vela brochure

Download the brochure for Vela van OMNIYAT in Business Bay for free with all the information about this project.

  • Floor plans by property type
  • Full price list
  • Payment plan
Download the brochure

About Vela

  • Luxury collection of 3 to 5 bedroom penthouses, sky palaces and marina residences

  • Limited edition of just 38 exclusive residences for a select group

  • 30-storey architectural masterpiece by Foster + Partners

  • World-class service and hospitality by Dorchester Collection

  • Unique L-shaped swimming pools with breathtaking views

Vela at Business Bay (Dubai): Luxury homes by Omniyat

Vela Dorchester Collection in Business Bay is a prestigious off-plan property project developed by Omniyat, a name synonymous with exceptional quality and innovation. This project embodies the ultimate combination of luxury, architectural perfection and a strategic location in the heart of Dubai. It is a place where urban living is redefined, with meticulous attention to detail, comfort and exclusivity. The residences range from spacious apartments to lavish penthouses and sky palaces, all designed with an eye for timeless elegance. The waterfront location offers not only tranquillity and serene views, but also direct access to the vibrant energy of the city. With completion planned for the fourth quarter of 2026, this is a unique opportunity to invest in a project that will become one of Dubai’s most sought-after addresses. The combination of world-renowned architects, interior designers and the legendary service of Dorchester Collection makes Vela an unrivalled residential and investment opportunity.

Residences and Types

Vela offers an exclusive selection of residences, ranging from 3 to 5 bedrooms, with each home designed with a focus on space, light and exceptional comfort. The apartments start from a generous 395.12 m2, while the sky palaces and penthouses extend to an impressive 1089.47 m2. These are not merely living spaces; they are works of art, shaped by the renowned interior designers Gilles and Boissier. The sky palaces, spread across three floors, offer an unrivalled living experience with private swimming pools, terraces, a private gym and majlis spaces. The penthouses and marina residences are also equipped with high-quality finishes and breathtaking views over the Dubai skyline, including the iconic Burj Khalifa. Every detail has been carefully selected to create a harmonious whole that is both functional and aesthetically pleasing. This makes Vela an ideal choice for those seeking a home that meets the highest standards of luxury and comfort.

About the developer Omniyat and the Vela design

The 30-storey Vela is an architectural feat, designed by the world-famous Foster + Partners. This firm is known for its groundbreaking designs that perfectly combine functionality and beauty. The building itself is a masterpiece of modern engineering and aesthetics, with a focus on sustainability and innovation. The developer, Omniyat, has a reputation for creating iconic projects that redefine Dubai’s skyline. With Vela, they are once again setting the standard for luxury property. The collaboration with Dorchester Collection also guarantees world-class service, comparable to that of the most exclusive hotels. The building offers unique facilities, such as the L-shaped swimming pools that provide a panoramic view over the water and the city. This combination of top architecture, high-quality materials and excellent service makes Vela one of the most prestigious addresses in Dubai.

Prime location in Business Bay (Dubai) near key Dubai destinations

Vela is located in Business Bay, one of Dubai’s most dynamic and sought-after neighbourhoods. This location offers the best of both worlds: the tranquillity of the waterfront and the vibrancy of the city. Within a five-minute drive, you can reach top attractions such as the Burj Khalifa, Downtown Dubai and the Burj Al Arab. The Business Bay metro station is also just a five-minute drive away, providing excellent connectivity. The Marasi promenade, within walking distance, is an ideal place to relax with its water features and walking paths. The area is known for its high-quality amenities, including luxury shops, gourmet restaurants and cultural hotspots. Furthermore, Dubai International Airport is just a fifteen-minute drive away, making Vela particularly attractive to international investors. The location thus combines convenience, exclusivity and a vibrant atmosphere, making it an ideal place to live, work and invest.

Flexible payment plan for Vela homes

The payment plan for Vela is structured to be transparent and investor-friendly. It provides for a payment of 60% during the construction phase and the remaining 40% upon completion of the project. This allows investors to spread their financial commitments over the development period. The plan is designed to offer both flexibility and certainty, making it attractive to both private buyers and institutional investors. Our property advisors in Dubai are ready to guide you through every step of the purchase process, from the initial payment to the final transfer. We ensure that all formalities proceed smoothly and that you can optimally benefit from this unique investment opportunity. With a starting price of AED 30,000,000, Vela offers excellent long-term value growth, thanks in part to the exclusivity and high quality of the project.

Amenities

Payment plan for Vela

60%40%
60%
During construction, in instalments
AED 18,000,000
≈ € 4,320,000
40%
After handover
AED 12,000,000
≈ € 2,880,000

Monthly payments and your own funds

How much do you need for Vela, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 60,720

≈ € 14,570 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 18,000,000≈ € 4,320,000
Your funds at handover
AED 0≈ € 0
Mortgage at handover
AED 12,000,000≈ € 2,880,000
Purchase costs4% DLD fee and mortgage costs
AED 1,350,870≈ € 324,200
Total funds required
AED 19,350,870≈ € 4,644,200
Request finance guidance for Vela
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Floor plans

Photos of Vela

Location

Business Bay, Dubai Burj Al Arab: 05 minutes (car) · Burj Khalifa: 05 minutes (car)
Open in Google Maps

Travel times from Vela

  • Burj Al Arab: 05 minutes (car)
  • Burj Khalifa: 05 minutes (car)
  • Business Bay Metro: 05 minutes (car)
  • Downtown Dubai: 05 minutes (car)
  • Dubai International Airport: 15 minutes (car)

About OMNIYAT

Omniyat is one of the most reputable real estate developers in Dubai, specialising in off-plan projects that are distinguished by their unique designs and strategic locations. On this page, you will find a complete overview of all off-plan projects currently under development. These include luxury residential towers, mixed-use developments, and iconic buildings that enrich Dubai's cityscape. An example is the recently announced project in Business Bay, where Omniyat is developing an ultra-modern residential tower with views of the Burj Khalifa.

Investing off-plan with Omniyat often means benefiting from early-bird advantages and flexible payment terms. Contact us for a current list of available projects and their specifications, such as areas starting from 75 m2 and prices starting from AED 1,500,000.

All projects by OMNIYAT

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Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.