OMNIYAT · Marasi Bay · Construction Update
VELA by OMNIYAT Construction Update - January 2025
January 2025 Inspection Records VELA at 7.42% as Foundation Works Progress in Marasi Bay
With enabling works complete, foundations, block work and waterproofing were under way when the DLD register recorded VELA at 7.42% on 27 January 2025.
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Recorded DLD Inspection Data
VELA by OMNIYAT Construction Snapshot
A 7.42 point rise from the 0% reading of 22 May 2023 keeps VELA inside the enabling and foundations band, where the recorded work centred on ground works and the tower itself had yet to rise.
VELA by OMNIYAT
2653
Active
7.42%
27 January 2025
01 June 2023
38 Ultra-Luxury Residences
24,847.38 sq m
Q4 2027
Data source: Dubai Land Department project register, 7.42% dated 27 January 2025 against a previous 0% dated 22 May 2023; RERA Independent Progress Monitoring Report of 27 January 2025 (Progress Status: Enabling Works - Progressing), which carries no percentage. Construction tracking against RERA inspection data runs across the full tohidfetrat.com project portfolio and is reviewed after every published cycle. This reading was 605 days old when this page was built on 24 September 2026: re-verify it on Dubai REST before publishing. The hero image is a marketing image of the project, not a site photograph. Last updated: January 2025.
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This Inspection Cycle
VELA by OMNIYAT Construction Progress Summary
Between the readings of 22 May 2023 and 27 January 2025, VELA moved from 0% to 7.42% in the DLD register: 7.42 points over 616 days, about 0.36 points per 30-day month. The first of those dates falls before the registered construction start of 01 June 2023, so the interval spans the pre-start period as well as the first stretch of site work, and no reading between the two is on record.
- Enabling works, reported as completed on 27 January 2025
- Construction start entered in the register for 01 June 2023
- Project registration with the DLD dated 05 October 2023
- Foundation works by the main contractor
- Block work and waterproofing
- Contractor mobilization, still ongoing at the inspection
- Progress Status recorded as Enabling Works - Progressing
- Foundations finished beneath the four basement levels
- Concrete structure through ground and 30 upper floors
- Internal and external finishes across the 38 residences
- Scheduled handover in Q4 2027
Payment Linked Progress
What 7.42% Progress Means for VELA Buyers
Where a sale and purchase agreement links installments to construction stages, a 7.42% reading built on enabling and foundation works sits at the opening end of that schedule, well before any structural milestone. For a VELA buyer reading the January 2025 record, four actions mattered most.
Verify the escrow account
Payments toward VELA belong only in the DLD regulated escrow account registered for project 2653, which the inspection report places with Abu Dhabi Commercial Bank. VELA by OMNIYAT escrow account verification comes before any transfer; the check itself takes about two minutes against the official DLD project record.
Map the SPA to the foundation stage
Read how your sale and purchase agreement names its construction stages, such as foundations or structure, and whether any installment was set to fall due around a reading of 7.42% dated 27 January 2025. Not sure how your installments map to this reading? Send me your SPA schedule and I will map it against the recorded milestones.
Check the Oqood record
Each off plan VELA purchase should appear on Oqood, the Dubai Land Department's interim register for units under construction. By this inspection the project had been registered since 05 October 2023, so a unit record naming project 2653 should already be available to the buyer.
Watch for the structure stage
The next change worth looking for is the Progress Status moving on from enabling works as the main structure begins. The VELA by OMNIYAT construction updates pillar lists every dated reading in order.
General framework, not legal advice: installment triggers, notice periods, and registration duties are set by your own SPA and the DLD record, and both should be read directly.
Considering VELA at the Foundation Stage?
An entry around the January 2025 reading meant buying while the recorded work was still at foundation level: enabling complete, foundations in progress, and handover scheduled for Q4 2027. Every payment goes to the DLD-registered escrow account for project 2653, released against recorded construction progress.
- Enabling works on record as completed by 27 January 2025
- Foundations under way, the structure still to come
- Handover scheduled for Q4 2027, almost three years after this reading
- Frame and envelope already shown in the register before paying
- Months rather than years between purchase and keys
- A narrower choice among the residences still unsold
No availability figure is quoted for January 2025: release cycles change what is on offer, and each residence is confirmed on request.
About the Development
VELA by OMNIYAT Project Details
By 27 January 2025 VELA had moved from open ground to an active foundation site, with enabling works finished for a tower designed as four basements, ground and 30 floors. When complete it will hold 38 residences, with prices starting at AED 37.00M ≈ USD 10.07M.
A purchase at this reading came after the below-ground stage had started, while the structure, facade and interiors of the Foster + Partners designed towers still lay ahead of a handover scheduled for Q4 2027.
VELA by OMNIYAT Project GuideSite Context This Cycle
Explore VELA by OMNIYAT Location on Dubai Map
On 27 January 2025 the work recorded on plot 8, at the Marasi Bay edge of the Dubai Water Canal in Business Bay, centred on the below-ground stage: foundations for a tower with four basement levels, alongside block work and waterproofing, and the inspection photographs show a shored excavation rather than any rising frame.
The district around that excavation was already established, with its roads, the canal promenade and surrounding towers, and the developer places VELA beside its own The Lana, Dorchester Collection. For a buyer in early 2025 the open variable was therefore the pace from foundations to structure, not the neighbourhood. See the project's position on the interactive Dubai real estate map. See the project’s position on the interactive Dubai real estate map.
Buyer Resources for This Project
Investing in VELA by OMNIYAT During Foundation Works
With foundations under way and the structure still ahead, residency eligibility and payment protection were the two questions a VELA buyer could settle at this reading. Each resource below is matched to the 27 January 2025 record.
VELA by OMNIYAT Construction Updates
This page: the 27 January 2025 inspection record for VELA at 7.42%, foundations in progress.
VELA by OMNIYAT Golden Visa: From Any Single Waterfront Residence
OMNIYAT's VELA, a Dorchester Collection tower of 38 residences on Marasi Bay, qualifies at all five residence types.
Read VELA by OMNIYAT Golden Visa Guide
VELA by OMNIYAT: The 39-Unit Escrow at Marasi Bay
OMNIYAT's VELA at Marasi Bay escrows 39 units with Abu Dhabi Commercial Bank as DLD project 2653, 50.03% certified September 2026.
Verify VELA by OMNIYAT Escrow AccountUpdate Timeline
Other VELA by OMNIYAT Construction Updates
January 2025 is the second dated reading in VELA's record: the page before it holds the 0% baseline, and the page after it continues from the June 2025 inspection.
Where This Update Fits
Explore VELA by OMNIYAT Structure
The January 2025 reading sits inside a wider picture: Marasi Bay as the setting for plot 8, OMNIYAT as the company building it, and the nearby listings that compete with a foundation-stage entry.
Marasi Bay Properties for Sale
Browse branded residences, waterfront apartments and penthouses for sale by OMNIYAT at Marasi Bay.
See Marasi Bay Properties for Sale
Marasi Bay Community Overview
Read the Marasi Bay guide: OMNIYAT's ultra-luxury canal-front district of branded residences, offices and hospitality.
Explore the Marasi Bay Community
Omniyat: Ultra-Luxury Architectural Icons From Palm Jumeirah to Business Bay
Omniyat designs ultra-luxury waterfront residences and commercial landmarks, and held the largest share of the UAE's ultra-luxury segment in 2024.
View the OMNIYAT Developer ProfileFAQs
VELA by OMNIYAT Construction Progress in January 2025: Frequently Asked Questions
The Dubai Land Department project register recorded VELA by OMNIYAT at 7.42% on 27 January 2025, up from 0% at the previous reading dated 22 May 2023. That is a rise of 7.42 points over 616 days, about 0.36 points per 30-day month. At 605 days old on the build date of 24 September 2026, the figure should be checked again on Dubai REST before any decision rests on it.
The reading does not by itself move the date: Q4 2027 remains the scheduled handover stated for VELA, and on 27 January 2025 the register reading of 7.42% left 92.58 points to reach 100%. Those two figures are recorded facts placed side by side, not a forecast of early or late delivery. Every later dated reading appears on the VELA by OMNIYAT construction updates pillar, while a buyer's binding completion terms, including any provision for revising them, sit in that buyer's own Sales and Purchase Agreement.
The 616 days are the interval between the two dated readings, 22 May 2023 and 27 January 2025, and no reading between those dates is on record here. The first reading predates the registered construction start (01 June 2023), so the interval includes a pre-start period and is not a measure of continuous site work. Counted from the registered start alone, 7.42 points over 606 days is about 0.37 points per month, simple arithmetic on the record rather than a forecast.
The RERA Independent Progress Monitoring Report dated 27 January 2025 noted that mobilization was still ongoing, enabling works were completed, block work and waterproofing were under way, and works for the foundations were in progress by the main contractor. Its photographs show a shored basement excavation with formwork at foundation level. The report prints no percentage of its own; the 7.42% figure is the reading in the DLD project register for the same date.
Enabling Works - Progressing is the Progress Status printed on the 27 January 2025 report, replacing the Not Started status recorded on 22 May 2023. Read with the inspector's notes from the same visit, it describes a site where enabling works were finished and foundation works had begun, while the tower's concrete structure had not yet appeared in the record.
That depends on each buyer's Sales and Purchase Agreement. No VELA payment plan is published on this page, so no installment can be tied to the 27 January 2025 reading from here. The practical check is to compare the stage names in the SPA, such as foundations or structure, with the report's note that foundation works were still in progress on that date.
A Question the FAQ Can Not Answer?
Your Advisor
Tohid Fetrat
Independent of the developer: I work for the buyer, and my only job on this page is helping you read the January 2025 inspection record for VELA correctly before your next payment decision. Client identities and transactions are never published or referenced. Message me directly: you will always reach me personally, never a call center or sales team.
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