OMNIYAT · Marasi Bay · Construction Update
VELA by OMNIYAT Construction Update - March 2026
March 2026 Inspection Records VELA at 28.76% With MEP and Internal Finish Under Way
MEP and internal finish joined structural and internal works in the notes of VELA's 17 March 2026 inspection, while the DLD register recorded 28.76%, up from 19.03%.
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Recorded DLD Inspection Data
VELA by OMNIYAT Construction Snapshot
A 9.73 point rise from the 19.03% reading of 24 October 2025 carried VELA past a quarter of the register scale and into the superstructure stage band, the largest gain between any two consecutive dated readings on its record up to that date.
VELA by OMNIYAT
2653
Active
28.76%
17 March 2026
01 June 2023
38 Ultra-Luxury Residences
24,847.38 sq m
Q4 2027
Data source: the Dubai Land Department project register, reading 28.76% on 17 March 2026 with the previous reading 19.03% on 24 October 2025, and the RERA Independent Progress Monitoring Report of 17 March 2026 (Progress Status: Main Contract - Progressing), which prints no percentage of its own. Construction tracking against RERA inspection data runs across the full tohidfetrat.com project portfolio and is reviewed after every published cycle. Built on 24 September 2026, 191 days after that reading: re-verify it on Dubai REST before publishing. The hero image is a marketing image of a luxury penthouse residence, not a site photograph. Last updated: March 2026.
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This Inspection Cycle
VELA by OMNIYAT Construction Progress Summary
Across the 144 days from 24 October 2025 to 17 March 2026, VELA's register figure rose 9.73 points, about 2.03 per 30-day month, ahead of the 1.65 measured over the interval before it and the quickest rate between any two dated readings so far. In the same span the inspection notes widened from two work fronts to four, though the register does not assign the gain to any one of them.
- Enabling works, listed as completed on 17 March 2026
- Foundation works, again recorded as completed in March
- Piling, closed out by the June 2025 report
- Structural works, still progressing at different stages
- Internal works, in the notes for a second report running
- MEP works, named for the first time on VELA's record
- Internal finish, also named for the first time
- Casting the remaining floors of the 4B+G+30 tower
- External finishes from the project description, not yet in the notes
- Finishing and servicing every one of the 38 residences
- Handover, scheduled for Q4 2027
Payment Linked Progress
What 28.76% Progress Means for VELA Buyers
Past a quarter of the register scale, the stages an off plan agreement can point to begin to overlap: the March 2026 notes list frame, internal works, services and finishes moving together rather than one stage closing before the next opens. For a VELA buyer reading the 17 March 2026 record, four checks mattered most.
Verify the escrow account
The March 2026 inspection report again names Abu Dhabi Commercial Bank as the trust account bank for project 2653, and every VELA installment should reach only that DLD regulated escrow account. VELA by OMNIYAT escrow account verification belongs before any transfer, and the lookup takes about two minutes against the official DLD project record.
Check what your SPA calls a milestone
Find whether your sale and purchase agreement ties a payment to a register percentage, a named structural stage, or the start of MEP or finishing works, then read that clause beside the 17 March 2026 notes, which record all of these as progressing at different stages. Not sure how your installments map to this reading? Send me your SPA schedule and I will map it against the recorded milestones.
Hold your Oqood to the plan being built
The March 2026 photographs show block walls standing inside a cast floor, so layouts are starting to take physical form. The unit reference and area in your Oqood entry under project 2653 should match the plan attached to your agreement, and any gap is simpler to raise before internal finishes are complete.
Follow four work fronts, not one
From March 2026 the notes track structure, internal works, MEP and internal finish side by side, so each later report shows which of them moved. Every dated reading since May 2023 is collected on the VELA by OMNIYAT construction updates pillar.
General framework, not legal advice: how milestones are worded, when payments fall due, and what is registered are set by your own SPA and the DLD record, and both should be read directly.
Considering VELA Past the Quarter Mark?
A purchase around the March 2026 reading came with the ground works long closed, the concrete frame still climbing, and the first services and finishes recorded inside it, with a handover scheduled for Q4 2027, the final quarter of the following year. Every payment goes to the DLD-registered escrow account for project 2653, released against recorded construction progress.
- Enabling and foundation works listed as completed on 17 March 2026
- Four work fronts recorded as progressing at the same time
- 71.24 points still to be recorded before 100%
- A finished facade and interiors to walk through before committing
- A handover near enough to plan a move around
- Less choice among the remaining residences
This page prints no availability count for March 2026; residences change hands between inspection cycles, so ask for the current list before deciding.
About the Development
VELA by OMNIYAT Project Details
By the 17 March 2026 inspection VELA's concrete frame was still being cast while MEP and internal finish were already recorded inside it, within a scheme the developer presents as a pair of linked towers rising about 150 metres, with 38 residences in total. Entry pricing: AED 37.00M ≈ USD 10.07M.
Buying at this reading meant committing while services were being routed and most finishes did not yet exist, relying on plans and the developer's specification for residences it says will be managed by Dorchester Collection, with handover scheduled for Q4 2027.
VELA by OMNIYAT Project GuideSite Context This Cycle
Explore VELA by OMNIYAT Location on Dubai Map
By 17 March 2026 VELA's structure on plot 8, beside the water in Marasi Bay, Business Bay, stood well clear of its hoarding: the inspection photographs show stacked slabs with projecting edges, scaffolding around the lower levels, and a crew fixing wall formwork on the top deck under a tower crane, with neighbouring glass towers close by. With little open ground on the plot, the recorded work was concentrated on that rising deck and inside the cast floors below it.
Around the site, Marasi Bay's marina edge and road links were long established by early 2026, so the uncertainty a VELA buyer carried at this reading lay in the building rather than the district; the Burj Khalifa and Downtown views the brochure presents belong to floors that were still being formed. 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 as Services Go In
With building services and interior finishing first recorded inside a frame still under construction, the March 2026 record brings residency eligibility and the protection of each stage-linked payment back into focus. Each resource below is matched to the 17 March 2026 record.
VELA by OMNIYAT Construction Updates
This page: VELA's 17 March 2026 record at 28.76%, the first naming MEP and internal finish.
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
March 2026 is VELA's fifth dated reading and the third under the main contract: the October 2025 page, where internal works first appeared, comes before it, and the September 2026 page carries the record forward.
Where This Update Fits
Explore VELA by OMNIYAT Structure
The 17 March 2026 record sits among three wider pages: completed Marasi Bay homes that compete with an off plan VELA purchase, the canal district around the site, and the developer behind the Dorchester Collection name.
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 March 2026: Frequently Asked Questions
VELA by OMNIYAT stood at 28.76% in the Dubai Land Department project register on 17 March 2026, against 19.03% at the previous dated reading of 24 October 2025. That is a gain of 9.73 points across 144 days, about 2.03 points per 30-day month. When this page was built on 24 September 2026 the March reading was 191 days old, so check it on Dubai REST before relying on it.
On 17 March 2026 VELA's register figure of 28.76% left 71.24 points to 100%, and the handover scheduled for the project was Q4 2027. The two are set side by side as recorded facts; this page does not turn them into a required monthly rate or a delivery prediction. Each later dated reading is added to the VELA by OMNIYAT construction updates pillar, while the completion clauses that actually bind each purchaser sit in that purchaser's signed Sales and Purchase Agreement.
The report of 24 October 2025 listed enabling, piling and foundation works as completed, mobilization as ongoing, and structural and internal works as progressing at different stages. The report of 17 March 2026 lists enabling and foundation works as completed and adds MEP and internal finish to structural and internal works among the items progressing at different stages; it does not mention mobilization. The Progress Status, Main Contract - Progressing, was the same in both reports.
Yes, up to that date. The 9.73 points added over 144 days work out at about 2.03 points per 30-day month, against about 1.65 from June to October 2025, about 0.93 from January to June 2025, and about 0.36 across the 616 days from the 0% reading of May 2023 to January 2025. It was also the largest gain between any two consecutive dated readings so far. The register gives no breakdown by work package, so the change can be measured but not attributed.
Counting from 01 June 2023, the registered construction start, to 17 March 2026, VELA recorded 28.76 points over 1,020 days, about 0.85 points per month. That average still carries the slow opening of the record, which had reached only 7.42% by January 2025, so it sits well under the 2.03 per month measured between the October 2025 and March 2026 readings. Each number is simple division on dated register entries; neither predicts the finish date.
Yes. Of the four photographs in the 17 March 2026 report, two show the frame from below, with stacked slabs, projecting slab edges and scaffolding around the lower levels, and one shows the top deck, where crews worked inside yellow wall formwork beside a tower crane. The fourth was taken inside a cast floor: block partition walls stand on the slab, with service pipework and hangers fixed to the concrete soffit above. They form part of the RERA report, so this page describes them in words and does not republish them.
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Tohid Fetrat
Independent of the developer: I work for the buyer, and my only job on this page is helping you read the March 2026 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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