Project Name
VELA by OMNIYAT
VELA by OMNIYAT Construction Update - May 2023
May 2023 Inspection Confirms VELA by OMNIYAT Remained in Pre-Construction Stage
May 2023 inspection confirms VELA by OMNIYAT remained at 0% construction progress before site mobilization and early construction activity began at Marasi Bay in Business Bay, Dubai.
Other VELA by OMNIYAT Construction Updates
VELA by OMNIYAT Construction Snapshot
Project Number
2653
Project Status
Active
Construction Progress
0%
Inspection Date
22 May 2023
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 22 May 2023 confirms that VELA by OMNIYAT remained at 0% construction progress, with no visible construction activity recorded during the inspection period at Marasi Bay in Business Bay.
According to the official inspection findings, the project site had not yet entered mobilization or active construction phases as OMNIYAT prepared the ultra-luxury waterfront development prior to excavation, enabling works, and foundation activity beginning across the site.
VELA by OMNIYAT Inspection Report Summary
The latest independently monitored RERA inspection for VELA by OMNIYAT confirms that the project remained within the early pre-construction stage, with no construction works observed during the site inspection conducted on 22 May 2023.
The official project description identifies VELA by OMNIYAT as a proposed ultra-luxury residential tower configured as 4B+G+30 floors with branded residential and retail components designed around waterfront living, contemporary architecture, and hospitality-driven experiences within Marasi Bay in Business Bay, Dubai.
Explore VELA by OMNIYAT Location on Dubai Map
Investing in VELA by OMNIYAT During Pre-Construction Stage
The initial May 2023 inspection confirms VELA by OMNIYAT remained in a pre-construction phase, with no active construction works recorded during the first independent RERA monitored site inspection at Marasi Bay.
Early stage monitoring provides investors with verified visibility into project registration, construction commencement timelines, and the initial development positioning of one of Dubai’s most exclusive waterfront branded residences.
Dubai Golden Visa Through VELA by OMNIYAT
Qualifying VELA by OMNIYAT investments may support long term UAE residency eligibility.
Escrow Protection for VELA by OMNIYAT
Buyer payments remain protected through a DLD regulated escrow structure linked to construction milestones.
VELA by OMNIYAT Project Details
VELA by OMNIYAT is an ultra-luxury waterfront residential development at Marasi Bay in Business Bay introducing branded Marina Residences, Sky Residences, penthouses, and private pool Sky Palaces overlooking Dubai Canal and Burj Khalifa.
The project combines Foster + Partners architecture, Dorchester Collection hospitality services, and long term waterfront positioning within OMNIYAT’s ultra-premium 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 - FAQs
What is the current construction status of VELA by OMNIYAT?
According to the May 2023 inspection report, VELA by OMNIYAT remained in pre-construction status with no active construction works recorded during the initial RERA monitored inspection.
When was the first inspection conducted for VELA by OMNIYAT?
The initial independent inspection for VELA by OMNIYAT was conducted on 22 May 2023 as part of the official RERA construction monitoring process.
What is the project number for VELA by OMNIYAT?
VELA by OMNIYAT is registered under Project Number 2653 within Dubai’s official real estate project registration system.
How many residences are planned at VELA by OMNIYAT?
VELA by OMNIYAT is planned as an ultra-luxury branded development featuring only 38 residences including Marina Residences, Sky Residences, penthouses, and Sky Palaces.
Why should buyers follow VELA by OMNIYAT construction updates?
Construction updates provide verified inspection visibility into project registration, construction milestones, site activity, and long term development progress across Marasi Bay.
What type of residences are available at VELA by OMNIYAT?
The project includes Marina Residences, Sky Residences, penthouses, and private pool Sky Palaces managed by Dorchester Collection.
