Project Name
VELA by OMNIYAT
VELA by OMNIYAT Construction Update - March 2026
March 2026 Inspection Confirms VELA by OMNIYAT Reaches 28.76% Construction Progress
March 2026 inspection confirms VELA by OMNIYAT has reached 28.76% construction progress, with structural works, MEP activity, and internal finishing progressing across Marasi Bay in Business Bay, Dubai.
VELA by OMNIYAT Construction Snapshot
Project Number
2653
Project Status
Active
Construction Progress
28.76%
Inspection Date
17 March 2026
Construction Start
01 June 2023
Total Units
38 ultra-luxury residences
Total Built Area
24,847.38 sq m
Expected Completion
Q4 2027
VELA by OMNIYAT Construction Progress Summary
The latest inspection conducted on 17 March 2026 confirms VELA by OMNIYAT has advanced from 19.03% to 28.76% construction progress as structural works, MEP activity, and internal finishing continue across the Marasi Bay waterfront site.
Current inspection findings confirm ongoing structural development, interior works, and active construction progress supporting the next stage of ultra-luxury residential delivery within Business Bay, Dubai.
VELA by OMNIYAT Structural Works Update
The March 2026 inspection report confirms structural works, internal works, MEP activity, and interior finishing are progressing across VELA by OMNIYAT at Marasi Bay in Business Bay, Dubai.
The ultra-luxury waterfront development introduces a 4B+G+30 floor residential tower with retail components, delivering branded waterfront residences managed by Dorchester Collection within OMNIYAT’s Marasi Bay masterplan.
Explore VELA by OMNIYAT Location on Dubai Map
Investing in VELA by OMNIYAT During Construction Progress
The increase from 19.03% to 28.76% construction progress reflects continued structural and interior development activity at VELA by OMNIYAT as construction advances across Marasi Bay in Business Bay.
Ongoing construction progress supports the long term ultra-luxury waterfront positioning behind Marasi Bay and OMNIYAT’s branded residential vision within central Dubai.
Dubai Golden Visa Through VELA by OMNIYAT
Eligible VELA by OMNIYAT investments may qualify buyers for long term UAE residency.
Escrow Protection for VELA by OMNIYAT
Buyer payments remain protected through a DLD regulated escrow account linked to construction milestones.
VELA by OMNIYAT Project Details
VELA by OMNIYAT is an ultra-luxury waterfront residential development within Marasi Bay in Business Bay introducing branded residences, private pools, panoramic terraces, and marina lifestyle living environments.
The project combines Foster + Partners architecture, Dorchester Collection hospitality services, and long term waterfront positioning within OMNIYAT’s Marasi Bay master development.
Explore Marasi Bay Structure
VELA by OMNIYAT construction updates connect to the ultra-luxury waterfront growth of Marasi Bay and OMNIYAT’s expanding branded residential master community.
Marasi Bay Properties for Sale
Browse Marasi Bay waterfront residences, branded apartments, penthouses, and marina lifestyle investment opportunities within Business Bay.
Marasi Bay Community Overview
Explore Marasi Bay waterfront planning, marina promenades, skyline positioning, and luxury lifestyle environments within Business Bay.
OMNIYAT Developer Profile
Explore OMNIYAT luxury developments, branded residences, waterfront destinations, and ultra-premium projects shaping Marasi Bay and Dubai.
VELA by OMNIYAT Construction Update March 2026 - FAQs
What is the current construction progress of VELA by OMNIYAT?
As of the latest inspection conducted on 17 March 2026, VELA by OMNIYAT has reached 28.76% construction progress.
What construction activity is currently progressing at VELA by OMNIYAT?
The latest inspection confirms structural works, internal works, MEP activity, and interior finishing are progressing across the Marasi Bay development site.
How much construction progress was recorded since the previous inspection?
VELA by OMNIYAT advanced from 19.03% to 28.76% construction completion between inspections.
Where is VELA by OMNIYAT located?
VELA by OMNIYAT is located within Marasi Bay in Business Bay beside Dubai Canal and Downtown Dubai.
How many residences are planned at VELA by OMNIYAT?
The development includes 38 ultra-luxury branded waterfront residences managed by Dorchester Collection.
What type of tower is being developed at VELA by OMNIYAT?
The project introduces a 4B+G+30 floor ultra-luxury residential tower with retail components at Marasi Bay.
Who is the developer of VELA by OMNIYAT?
VELA is developed by OMNIYAT, one of Dubai’s leading ultra-luxury real estate developers.
Why should buyers monitor VELA by OMNIYAT construction updates?
Construction updates provide verified inspection insights covering structural activity, construction milestones, interior works, and waterfront development progress across Marasi Bay.
