VELA by OMNIYAT

VELA, Dorchester Collection by OMNIYAT is an ultra-luxury waterfront residential development in Marasi Bay, Business Bay, Dubai, with 38 residences in two connected towers rising about 150 metres over 30 floors. The architecture is by Foster + Partners, the interiors are designed and furnished by Gilles & Boissier, and the building is managed by Dorchester Collection.

VELA stands on the Marasi Bay waterfront in Business Bay, the area OMNIYAT refers to as the Burj Khalifa District. It sits beside The Lana, Dorchester Collection, overlooking Marasi Marina and the Dubai Water Canal, with views toward Burj Khalifa and Downtown Dubai.

VELA offers 3 Bedroom Marina Residences (≈ 4,253 - 6,361 sq ft), the 3 Bedroom Sky Residence (≈ 6,302 sq ft), 4 Bedroom Marina Residences (≈ 7,264 - 8,462 sq ft), 4 Bedroom Penthouses (≈ 11,048 - 11,727 sq ft) and the 5 Bedroom Sky Palace (≈ 22,992 sq ft). Double-height living areas of up to 6 m and L-shaped corner pools feature in select residences.

Prices at VELA start from AED 37.00M ≈ USD 10.07M for the 3 Bedroom Marina Residences. The other types start from AED 41.00M ≈ USD 11.16M for the 3 Bedroom Sky Residence, AED 60.00M ≈ USD 16.34M for the 4 Bedroom Marina Residences, AED 90.80M ≈ USD 24.72M for the 4 Bedroom Penthouses and AED 255.50M ≈ USD 69.57M for the 5 Bedroom Sky Palace. Final prices vary with floor, view and layout, and OMNIYAT controls when individual residences are released.

Handover is scheduled for Q4 2027. VELA is under construction, and progress against Dubai Land Department register data is tracked in the VELA by OMNIYAT construction updates guide.

Yes. Every residence type at VELA is priced far above the AED 2M ≈ USD 545K property investment threshold for the 10-year UAE Golden Visa, subject to the eligibility criteria in force when you apply. The dedicated VELA by OMNIYAT Golden Visa guide covers the eligibility steps in detail.

Yes, VELA by OMNIYAT is a freehold property, open to all nationalities.

VELA by OMNIYAT follows a 60/40 milestone-based payment structure: 5% plus the 4% DLD fee on booking, 55% through milestone-based instalments linked to development progress, and the remaining 40% on completion. Buyers should confirm the current instalment schedule with OMNIYAT, and the signed SPA governs the final payment terms.

The main additional cost is the 4% DLD registration fee, paid to the Dubai Land Department when the purchase is registered. Payment terms for the price itself are set by OMNIYAT for each residence and fixed in the reservation and Sales and Purchase Agreement documents. At this price level, how the funds move matters too: my guide on how to pay for property in Dubai compares the payment methods international buyers actually use, from manager's cheques to large international transfers. My advisory service adds no fee, because the commission is paid by the developer.

Off plan payments for VELA are made into the project's DLD-registered escrow account held with Abu Dhabi Commercial Bank and released to the developer against construction progress, a framework regulated by the Dubai Land Department. The VELA by OMNIYAT escrow account guide explains how the account works.

Yes. The full process, from reservation to SPA signing and registration, can be completed remotely, and I manage it end to end with the developer on your behalf. Each stage of a remote purchase is documented in my Dubai real estate guide library.

Off plan mortgage options for non-residents are limited, so most off plan buyers fund their instalments from their own resources during construction. Financing becomes more accessible at handover, when completed units qualify for standard UAE mortgage products available to non-residents.

OMNIYAT was established in 2005 and has partnered with Foster + Partners, Zaha Hadid, Gilles & Boissier and Dorchester Collection. Its Dorchester Collection portfolio includes The Lana, ORLA and One at Palm Jumeirah, and the developer's wider portfolio is covered in my OMNIYAT developer profile.