Price, payment plan and homes
Price per propertyfinder.ae, 1 Oct 2026- Starting price
- AED 43.3M
- ≈ $11.8M
- Bedrooms
- 3 bed to 5 bed
- 4,253 – 22,992 sqft · 39 units
- Payment plan
- 5/55/40
- AED 2.17M to book
- Handover
- Q4 2027
- 12% built per the DLD
Homes and floor plans
39 homes · FreeholdPick a home: the plan and the forecast follow it.
- 5 bedPenthousefrom 22,992 sqftNot listed
Payment plan · 3-bed apartment
On AED 43.3M- 5% at bookingAED 2.17M
- 55% during construction, until handover (Q4 2027)AED 23.8M
- 40% on handover (Q4 2027)AED 17.3M
Before the keys: AED 26M, 60% of the price.
5% Down Payment (On Booking Date); 55% During Construction (1st to 6th Installment); 40% On Handover (100% Completion)
Location · Business Bay · Dubai
Mixed-use towers along the Dubai Canal, immediately south of Downtown.
Forecast
What the 3-bed apartment could be worth
The in-depth review
Why it scores 53
Price per sqft vs registered sales
Dubai Land Department open dataAED 7,968/sqft (est.)
The DLD median for apartments in Business Bay is AED 2,529/sqft (as of 4 Oct 2026). This project's figure is our estimate from the listed prices and unit sizes, so no gap is shown here; the score's price factor reads it at half weight, capped at 70. The gap appears once the register shows ten of this project's own sales or the developer states a price per sqft.
How the 53 was scored
8 of 8 factors · 100% of the weight · 1 Nov 2026- 01Price against what buyers actually paidAssessed · weight 25
- 02Developer track recordAssessed · weight 20
- 03Payment planAssessed · weight 10
- 04Location and infrastructureAssessed · weight 15
- 05How big the resale market isAssessed · weight 10
- 06Construction on scheduleAssessed · weight 15
- 07How much is still being built nearbyAssessed · weight 5
- 08The basics on fileAssessed · weight 0
Priced well above the closest sales the register has (Dubai's 418 off-plan sales of AED 10M and more, last 6 months), so its price is measured against few homes like it.
How each factor was measured
Each factor with what it was measured on. Its score and the reasoning are in the full breakdown.
- Price against what buyers actually paid
- Our estimate from its typical home, against the median of 418 off-plan sales of AED 10M and more across Dubai · DLD
- Developer track record
- Our rating, 3 delivered projects, how its finished building resells and who stands behind it
- Payment plan
- 5% down · 55% during construction · 40% on handover
- Location and infrastructure
- Our rating of Business Bay, and 5 kinds of places measured from the pin · OpenStreetMap
- How big the resale market is
- 1,714 resales of finished apartments in Business Bay this year · DLD
- Construction on schedule
- 12% built on the DLD register, handover Q4 2027
- How much is still being built nearby
- 3,576 homes sold in Business Bay this year, 52% off-plan · DLD
- The basics on file
- Registration or escrow number on file · DLD
Confidence low: the price figure is our estimate from the price and size of the typical home, not a registered or stated price.
64 → 53 4 Oct 2026; construction now measuredScored since 13 Sep 2026 · 6 score changes
The formula is public: how the Rendr Score works. Our opinion, not investment advice. A figure you believe is wrong: alexk.dxb02@gmail.com.
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The full breakdown behind the 53
Free for 90 days. One sign-up opens everything on the site: the breakdown behind all 1,626 scored projects, the figures and reasons behind the developers' ranking, and rent, a mortgage and fees in every forecast. Nothing to pay.
- The 2 registered sales here: date, size and price paid
- All 8 factor scores, with the figure and source behind each
- Score history since 13 Sep 2026 and why each move happened
- Rent, a mortgage and fees in the forecast, year by year
See what buyers paid at Vela by Omniyat, and everything behind the 53.
- Projects scored
- 1,626
- projects scored
- Factors
- 8
- factors, formula public
- Registers
- ADREC · DLD
- registered sales, not asking prices
Handover date
Q4 2027
Launched · 11.62% built, the DLD's projects file (data.dubai, loaded 2026-06-15), 15 Jun 2026
Is Q4 2027 realistic? See how the construction factor scored it, and whyWhat this means
Also due in 2027 in Business Bay: 17 more projects we list
Omniyat: 3 projects delivered in the last ten years, typically 30 months late, none cancelled.
Vela by Omniyat is due to hand over in Q4 2027. Construction is 11.62% complete according to the DLD's projects file (data.dubai, loaded 2026-06-15) (15 Jun 2026). Handover dates are the developer's own estimate and off-plan schedules move, so confirm the current date in writing before paying anything.
DLD registration status
Verified 1 Oct 2026- Project registration2653
- Escrow accountNot published yet
- Developer licenceNot published yet
Where the figures come from
Check it on dubailand.gov.ae. How to read the DLD register.
Figures from tanamiproperties.com, propertyfinder.ae, read 1 Oct 2026, last verified 1 Oct 2026. Construction figure from the DLD's projects file (data.dubai, loaded 2026-06-15), 15 Jun 2026. Launch date from the DLD's projects file (data.dubai, loaded 2026-06-15).
Before you pay: four things to check
1The escrow account
We hold no escrow account number. Ask the developer for it, and check it on dubailand.gov.ae before paying.2The handover date
The listed date is Q4 2027. Ask for the date in the sales agreement.3Today's price list
AED 43,330,140 is a starting price from propertyfinder.ae, 1 Oct 2026. Ask for the unit's own price.4The instalment dates
5% at booking, 55% during construction, 40% at handover. Ask for each payment's date and amount.
About
Vela by Omniyat is Omniyat's apartment tower in Business Bay, Dubai, with three and four-bedroom apartments from about 4,253 to 8,462 sq ft and four and five-bedroom penthouses from about 11,048 to 22,992 sq ft.
- Developer
- Omniyat
- Area
- Business Bay
- Status
- Launched
- Sales launch
- 1 Jun 2023
- Total units
- 39
- Storeys
- 31
- Ownership
- Freehold
Amenities
- 24x7 Security
- Cinema
- Gymnasium
- Infinity Pool
- Kids Playroom
- Multi Purpose Lounge
- Private Meeting Rooms
- Salon
- Spa
- Valet Services
What’s nearby
straight-line distance- Hospital or clinic110 m
- Supermarket or mall700 m
- Metro or tram stop1.1 km
- School1.9 km
- Beach2.2 km
The nearest of each on OpenStreetMap, Sep 2026.
Rental yield nearby
gross, apartments6.4% in Business Bay. A median rent of AED 113 per sqft a year on 7,717 new tenancy contracts, last 6 months, against AED 1,775 per sqft paid across 1,027 finished sales, last 6 months.
Before service charges, fees and empty periods; our arithmetic on Dubai Land Department open data figures, Oct 2026. The working
More in Business Bay
Compare side by sideAll projects in Business Bay
Vela by Omniyat: questions buyers ask
How much does Vela by Omniyat cost?
Prices at Vela by Omniyat start from AED 43,330,140 (about $11.8M) for 3-bedroom, 4-bedroom and 5-bedroom homes, per propertyfinder.ae on 1 Oct 2026.
What is the price per sqft at Vela by Omniyat?
The asking price is around AED 7,968 per sqft, our estimate from the listed prices and unit sizes.
When is the Vela by Omniyat handover date?
Vela by Omniyat is expected to hand over in Q4 2027. The project is launched, 11.62% built according to the DLD's projects file (data.dubai, loaded 2026-06-15).
What is the Vela by Omniyat payment plan?
Vela by Omniyat is offered on a 5/55/40 plan: 5% on booking, 55% during construction and 40% at handover.
What is the Rendr Score of Vela by Omniyat?
Vela by Omniyat scores 53 of 100 on the Rendr Score, fair, as of 1 Nov 2026; 8 of its 8 factors are assessed, 100% of the weight.
What rental yield do apartments in Business Bay make?
About 6.4% gross for apartments in Business Bay, worked out from DLD's own figures: new tenancy contracts, last 6 months, against finished sales, last 6 months, before service charges and fees.
Who is the developer of Vela by Omniyat?
Vela by Omniyat is being developed by Omniyat. It sits in Business Bay, Dubai.
Is Vela by Omniyat registered with DLD?
Vela by Omniyat is registered with the Dubai Land Department (DLD) under number 2653. Check it at dubailand.gov.ae before you pay.
Changes
Listed 13 Sep 2026 · 2 changes, 1 correction since, last 4 Oct 2026
Construction 11.62% complete
Source: the DLD's projects file (data.dubai, loaded 2026-06-15), 15 Jun 2026
Sales launch date set to 1 Jun 2023
Source: the DLD's projects file (data.dubai, loaded 2026-06-15)
Starting price corrected to AED 43.3M (was listed as AED 30M)
Source: propertyfinder.ae
Listed on the site
Source: tanamiproperties.com, saved 13 Sep 2026
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