Vela
by Omniyat · 📍 Business Bay
Price from
AED 30.00M
Vela is a project by Omniyat in Business Bay, Dubai. Prices start from AED 30.00M. It offers 3 Bedroom, 4 Bedroom and 5 Bedroom. Omniyat states handover in December 2026.
Official brochure
Full unit layouts & floor plans are inside the brochure. Source: independent listing source.
About the project
OMNIYAT presents VELA, a prestigious project located in the Burj Khalifa district. This exclusive development offers a limited number of 38 fully-furnished ultra-luxury residences, including Marina Residences, Sky Residences, Sky Palace and penthouses in 3 to 5-bedroom layouts. VELA is managed by the renowned Dorchester Collection and designed by renowned architects and designers Gilles & Boissier and Foster + Partners. These residences feature show and preparatory kitchens, a maid's room, dressing area, terraces and a private lift lobby. Select residences also boast L-shaped private swimming pools, offering breathtaking views of Marasi Bay, the Burj Khalifa and Downtown Dubai.
Amenities
How it compares in Business Bay
50 other off-plan projects in Business Bay · average entry price AED 2.18M · this project starts at about 14 times that average: it is in a different price segment, so the projects below are not like-for-like
Vela: questions and answers
What is the starting price of Vela?
Prices at Vela start from AED 30.00M, for homes from 4,256 sqft (395 m²), as published by Omniyat.
What is the payment plan for Vela?
The payment plan published by Omniyat for Vela is: 5% down, 55% pre-handover, 40% handover.
When is the handover of Vela?
Omniyat states handover of Vela in December 2026.
Who is the developer of Vela?
Vela is developed by Omniyat. The Dubai Land Department project register lists 15 projects for Omniyat: 5 delivered and 6 under construction.
Where is Vela located?
Vela is in Business Bay (Vela by Omniyat), Dubai.
What unit types does Vela offer?
Vela offers 3 Bedroom, 4 Bedroom and 5 Bedroom, with sizes from 4,256 sqft (395 m²).
How does Vela compare with other off-plan projects in Business Bay?
The starting price of Vela (AED 30.00M) is about 14 times the average starting price of 10 other off-plan projects in Business Bay, which is AED 2.18M. It is in a different price segment, so those projects are not like-for-like.
What is the average price per sqft in Business Bay?
Apartments in Business Bay sell for about AED 1,864/sqft (AED 20,061/m²), based on 2,421 registered sales in the last 12 months.
What rental yield can I expect in Business Bay?
Apartments in Business Bay yield about 6.0% gross, or about 5.0% net after service charges, based on 18,597 registered rent contracts and 2,421 sales in the last 12 months.
What are the service charges in Business Bay?
Service charges for apartments in Business Bay are about AED 18.31/sqft (AED 197/m²) a year, per an independent third-party source. The exact rate depends on the building, so confirm it with the developer before buying.
What amenities does Vela have?
Vela lists these amenities: 24 Hours Concierge, Balcony or Terrace, CCTV Security, Gym or Health Club, Kids Play Area, Lobby in Building, Security Staff and Swimming Pool.
Explore more
✦ Want the full picture on Vela?
This page shows what we collected. Ask the AI to compare it against other projects, run the rental ROI and mortgage numbers, or check how its area is performing on real DLD sales.
Source: live new-projects feed. Prices are "starting from" figures where published. Always verify with the developer before transacting.