Business Bay · Dubai
Vela by Omniyat by Omniyat
From
AED 30,000,000
≈ $8.17M · AED 7,054/sqft est.
- Price from
- AED 30M
- ≈ $8.17M
- Per sqft
- AED 7,054
- estimated
- Handover
- Q4 2027
- Payment plan
- 5/55/40
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.
Prices start at AED 30,000,000 on a 5% booking, 55% during construction and 40% on handover plan, with handover listed for the fourth quarter of 2027.
The figures here are the starting price and plan as published for the project. Confirm the price, unit availability and service charge with the developer before committing.
- Omniyat apartment tower in Business Bay
- Three and four-bedroom apartments from 4,253 sq ft and penthouses
- 5/55/40 payment plan
- Handover Q4 2027
- Developer
- Omniyat
- Area
- Business Bay
- Status
- Launched
- Ownership
- Freehold
Payment plan
- Down payment
- 5%
- During construction
- 55%
- On handover
- 40%
5% Down Payment (On Booking Date); 55% During Construction (1st to 6th Installment); 40% On Handover (100% Completion)
Unit types
| Type | Bedrooms | Size (sqft) |
|---|---|---|
| Apartment | 3 bed | from 4,253 |
| Apartment | 4 bed | up to 8,462 |
| Penthouse | 4 bed | 11,048 – 11,727 |
| Penthouse · Sky Palaces | 5 bed | 22,992 |
Rendr score
50of 100 · Fair
Ranked #20 of 26 on sale in Dubai →
Based on 5 of 7 factors, 85% of the weight, as of 14 Sep 2026. Our opinion, not investment advice.
Confidence: low — the price figure is our estimate from the starting price and the smallest home, not a registered or stated price.
Every factor, its weight and the data behind it are listed below. The formula is public: how the Rendr score works. A figure you believe is wrong can be checked: write to alexk.dxb02@gmail.com with the source.
How it was scored
Unlock the full breakdown
Every factor, the data behind it, and how the score has changed.
Price against the market
AED 7,054/sqft (est.)
The DLD median for apartments in Business Bay is AED 2,551/sqft (as of 13 Sep 2026). This project's figure is our estimate from the starting price and the smallest unit, so it is not compared: the gap appears once the register shows this project's own sales or the developer states a price per sqft.
Amenities
- 24x7 Security
- Beach Access
- Cinema
- Gymnasium
- Infinity Pool
- Kids Playroom
- Multi Purpose Lounge
- Private Meeting Rooms
- Salon
- Spa
- Valet Services
Location
Mixed-use towers along the Dubai Canal, immediately south of Downtown.
Registration and trust
- Escrow account
- Not published yet
- DLD project registration
- Not published yet
- Developer licence
- Not published yet
- Brochure
- Not published yet
- Figures from
- tanamiproperties.com (tanamiproperties.com/Projects/Vela-by-Omniyat), saved 2026-09-13
- Last verified
- 13 Sep 2026
An escrow account is a regulated account the developer cannot draw on freely: your payments go in and are released as building progresses. Escrow accounts and project registrations are published by the Dubai Land Department (DLD) on dubailand.gov.ae. Always check them, and pay into the escrow account only, before handing over a deposit.
Changes
Listed on the site
Source: tanamiproperties.com (tanamiproperties.com/Projects/Vela-by-Omniyat), saved 2026-09-13
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Vela by Omniyat: questions buyers ask
- How much does Vela by Omniyat cost?
- Prices at Vela by Omniyat start from AED 30,000,000 (about $8.17M) for 3-bedroom, 4-bedroom and 5-bedroom homes, which is around AED 7,054 per sqft, estimated from the unit sizes. Asking prices come from the developer and change without notice.
- When does Vela by Omniyat hand over?
- Vela by Omniyat is expected to hand over in Q4 2027. The project is launched. Handover dates are the developer's own estimate and off-plan projects can move, so confirm the current date in writing before you pay anything.
- What is the payment plan at Vela by Omniyat?
- Vela by Omniyat is offered on a 5/55/40 plan: 5% on booking, 55% during construction and 40% at handover. Developers change plans between phases, so confirm yours before signing.
- Who is the developer of Vela by Omniyat?
- Vela by Omniyat is being developed by Omniyat. It sits in Business Bay, Dubai. You can see every project by Omniyat we list, and how their asking prices compare with registered sales, on their page.
- Can foreigners buy at Vela by Omniyat?
- Vela by Omniyat is in a freehold area, so buyers of any nationality can own a home here outright rather than on a lease. Dubai sets which zones are freehold; confirm the title type on your own unit's contract before paying.
- Is Vela by Omniyat registered and escrow-protected?
- We do not yet hold a project registration number for Vela by Omniyat. Every off-plan project must be registered and sell through an escrow account, where the money is released as building progresses. Check both at dubailand.gov.ae before you pay.