OMNIYAT · Marasi Bay
VELA by OMNIYAT Golden Visa
Ten-Year Residency From Any Single Waterfront Residence
At VELA the price settles the eligibility question before it is asked: the lowest tier starts at AED 37.00M ≈ USD 10.07M, far above the AED 2M ≈ USD 545K Golden Visa threshold. This page sets out how each residence type qualifies, what off-plan buyers file before the Q4 2027 handover, and where the tower stands on the DLD register.
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Eligibility Snapshot
VELA by OMNIYAT Golden Visa Facts
VELA, Dorchester Collection by OMNIYAT is a freehold tower of 38 ultra-luxury residences on Marasi Bay in Business Bay. The Dubai Land Department project register lists it as project number 2653, registered on 05 October 2023 with a construction start of 01 June 2023, and shows a Total Built Area of 24,847.38 sq m and a reading of 50.03% dated 10 September 2026. For residency planning the arithmetic is one-sided: the entry tier, 3 Bedroom Marina Residences, starts at AED 37.00M ≈ USD 10.07M, more than eighteen times the AED 2M ≈ USD 545K property investment that the UAE Golden Visa program currently sets as its floor, under the rules in force at the time of application. At this level the useful question is not whether one residence qualifies but how the application fits the build. Handover is scheduled for Q4 2027, when the Oqood registration gives way to a title deed.
AED 2M ≈ USD 545K
AED 37M ≈ USD 10.07M
3 Bedroom Marina Residences
Freehold, open to all nationalities
Oqood now, Title Deed at Q4 2027 handover
OMNIYAT
Data as of September 2026, based on the Dubai Land Department project register (reading dated 10 September 2026) and current VELA pricing. Figures are updated quarterly.
Unit by Unit
Which VELA Residences Meet the AED 2M Threshold
On most Dubai projects this table exists to sort the units that reach the Golden Visa minimum from the ones that fall short. At VELA it sorts nothing: the smallest layout already sits at more than eighteen times the AED 2M ≈ USD 545K line, so the choice between a Marina Residence, a Sky Residence, a Penthouse and the Sky Palace is about space, views and how you intend to live, while the residency result stays the same across all five.
| Unit Type | Size Range | Starting Price | Qualifies Alone |
|---|---|---|---|
| 3 Bedroom Marina Residences | ≈ 4,253 - 6,361 sq ft (395 - 591 sq m) | AED 37.00M ≈ USD 10.07M | Yes |
| 3 Bedroom Sky Residence | ≈ 6,302 sq ft (585 sq m) | AED 41.00M ≈ USD 11.16M | Yes |
| 4 Bedroom Marina Residences | ≈ 7,264 - 8,462 sq ft (675 - 786 sq m) | AED 60.00M ≈ USD 16.34M | Yes |
| 4 Bedroom Penthouses | ≈ 11,048 - 11,727 sq ft (1,026 - 1,089 sq m) | AED 90.80M ≈ USD 24.72M | Yes |
| 5 Bedroom Sky Palace | ≈ 22,992 sq ft (2,136 sq m) | AED 255.50M ≈ USD 69.57M | Yes |
| All five VELA residence types clear the threshold individually, starting with the 3 Bedroom Marina Residences at AED 37.00M ≈ USD 10.07M. | |||
Why this matters: the application is judged on the purchase value registered with the Dubai Land Department, not on published starting prices, so the number that counts is the one on your own contract. At VELA the margin is wide, yet the same test applies to any resale: a secondary purchase is assessed on its own registered value, and a contract registered below the threshold would not qualify on its own.
Registration and Timing
Golden Visa Timing for Off-Plan VELA Buyers
A VELA purchase is formalised through a sale and purchase agreement with OMNIYAT, with the 4% DLD fee paid to the Dubai Land Department when the sale is registered as Oqood, the off-plan record that stands in for a title deed until completion. How much you have paid at any given date follows the instalment terms written into your own agreement. Applications filed before completion usually rest on that Oqood record, together with evidence that the purchase satisfies the value test and whatever paid-amount conditions the Dubai Land Department and the residency authorities apply on the day you file.
My read on the timing: VELA buyers get something many off-plan files lack, a measured build. The Dubai Land Department register recorded the tower at 50.03% on 10 September 2026, and handover is scheduled for Q4 2027. Buyers who want residency early, to move a family or set up UAE banking, can apply on the Oqood-registered contract once the conditions commonly applied to off-plan property are met during construction. Buyers with no deadline often prefer to wait for the title deed at handover, when the file rests on completed, registered ownership. Off-plan conditions are updated from time to time, so check the current requirement against your own contract before submitting.
VIP processing, service included: for buyers who purchase through me, the Golden Visa application service, from document preparation and submission to status follow-up, is free. Government fees apply and are paid as published by the issuing authorities.
The Project
The Branded Marasi Bay Tower Behind the Residency
A ten-year residency calls for a home that keeps its standing for at least as long. The full VELA guide sets out what the qualifying purchase actually buys: five residence types, current pricing, the Dorchester Collection service model and the Marasi Bay waterfront around it.
VELA, Dorchester Collection: 38 Residences on Marasi Bay
VELA by OMNIYAT holds 38 Dorchester Collection residences in two connected towers on Marasi Bay, with interiors by Gilles & Boissier.
View the VELA by OMNIYAT Project GuideGolden Visa Guides
Requirements, Process, and Benefits in Full
Program rules do not change from one Dubai property to the next, so they are covered once in the guides below instead of being restated for VELA.
Golden Visa Requirements: AED 2M in Real Estate Registered in Your Name
Golden Visa requirements for property investors: real estate worth at least AED 2M, ownership proof, mortgages, off-plan rules and documents.
Read the Dubai Golden Visa requirements guideApplying for the Golden Visa in Seven Steps, From Purchase to Approval
For a property investor, the seven steps run from the purchase to the visa, usually within weeks of ownership being confirmed.
Read the UAE Golden Visa application guideGolden Visa Benefits: Residency, Family Sponsorship and Long Periods Abroad
Golden Visa benefits: residency without an employer, long periods abroad without losing status and the right to sponsor your family.
Read the Dubai Golden Visa benefits guideInsights
Project Insights for VELA by OMNIYAT Golden Visa Buyers
A Golden Visa purchase at VELA depends on more than the price tag. Follow the dated register readings that lead to the title deed, and confirm how each instalment is protected while the tower is built. The two resources beside this page cover both before you commit.
VELA by OMNIYAT Golden Visa Guide
This page: how every VELA residence type clears the Golden Visa threshold and how off-plan buyers can time their application.
VELA by OMNIYAT: Six Readings on the Marasi Bay Basin
VELA by OMNIYAT, a 38-residence tower on the Marasi Bay basin, rose from 28.76% to 50.03% between March and September 2026.
View VELA by OMNIYAT Construction Updates
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 the VELA by OMNIYAT Escrow AccountStructure
Explore the Marasi Bay Structure
A qualifying residence keeps its value through the waterfront district and the developer standing behind it. Compare VELA with other Marasi Bay homes, understand the canal-side setting that sustains demand, and review OMNIYAT's portfolio before finalising your Golden Visa purchase.
Marasi Bay Properties for Sale
Compare waterfront homes for sale across Marasi Bay, weigh prices against VELA, and see which listings reach the Golden Visa threshold.
See Marasi Bay Properties for Sale
About Marasi Bay Master Community
Understand the canal-side Marasi Bay district in Business Bay and the marina setting behind VELA's long-term residential appeal.
Explore the Marasi Bay Master 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 Golden Visa Frequently Asked Questions
All five. 3 Bedroom Marina Residences start at AED 37.00M ≈ USD 10.07M, the 3 Bedroom Sky Residence at AED 41.00M ≈ USD 11.16M, 4 Bedroom Marina Residences at AED 60.00M ≈ USD 16.34M, 4 Bedroom Penthouses at AED 90.80M ≈ USD 24.72M and the 5 Bedroom Sky Palace at AED 255.50M ≈ USD 69.57M, so each type clears the AED 2M ≈ USD 545K property threshold on its own, subject to the rules in force when you apply. Eligibility is judged on the value registered on the buyer's own contract. The full criteria are set out in the Dubai Golden Visa requirements guide.
In many cases the application does not have to wait for completion. Off-plan files are commonly built on the Oqood registration of the sale, with evidence that the purchase meets the value test and any paid-amount conditions in force on the day of application. Buyers who prefer a file resting on completed ownership can wait for the title deed issued at handover, scheduled for Q4 2027. The route is explained in the off-plan property Golden Visa guide.
The core record is the sale and purchase agreement registered as Oqood with the Dubai Land Department, which fixes the purchase value used to assess eligibility. The 4% DLD fee is paid to the Dubai Land Department at registration on top of the price and is not part of that registered value. Receipts for amounts paid to date also matter, because off-plan applications are assessed against the payment conditions in force at the time of application, which are updated from time to time.
Often, yes. Where a property is held jointly, the share owned by each applicant is commonly assessed against the AED 2M ≈ USD 545K threshold, with spouses treated separately under the rules in force at the time of application. At VELA an equal two-way split of the entry tier still leaves each share at AED 18.50M ≈ USD 5.04M, so the split itself is rarely the constraint. The current joint-ownership conditions should be confirmed before the owners' names are registered on the contract.
No. For buyers who purchase through this advisory, the VIP service that prepares the paperwork, files the submission and tracks the application to a decision is free. Government fees still apply, at the rates the issuing authorities set when the application is made.
No. A registered VELA purchase makes the buyer eligible to apply, but the decision rests with the issuing authorities and their own checks, such as confirmation of the registered ownership and routine security screening, under the requirements in force when the file is submitted. Progress toward the title deed can be followed on the VELA by OMNIYAT construction updates page.
Your Advisor
Tohid Fetrat
Independent of the developer: I work for the buyer, and my only job on this page is making sure the property you buy actually qualifies before you commit, with the VIP visa application service included free for my buyers. Client identities and transactions are never published or referenced. Message or call me directly: you will always reach me personally, never a call center or sales team.
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