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VELA by Omniyat — residences for sale

Name: VELA by Omniyat, Dorchester Collection — Dubai
Brand: Omniyat
Availability: InStock

Omniyat's Dorchester Collection flagship on Marasi Bay, Business Bay — just 38 Foster + Partners residences from ~AED 28M.

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AED 28M

2-bed from

2027

handover

4–5%

gross yield

Dorchester branded

Marasi Bay

By WIZI PREMIUM · Updated 27 June 2026

In short

Omniyat built VELA, a Dorchester Collection branded waterfront tower on Marasi Bay in Business Bay, with only 38 residences designed by Foster + Partners. Pricing starts from ~AED 28M, with a gross yield around 4–5%. It suits ultra-high-net-worth buyers seeking a rare branded trophy home with hotel-grade service and standout architecture rather than a yield play.

Developer: Omniyat · Sources: developer brochure, Bayut, Property Finder, DLD · 2026

The project

About VELA by Omniyat in Business Bay

VELA is a 150m Dorchester Collection branded tower on Marasi Bay, Business Bay, holding just 38 residences plus three penthouses and a Sky Palace. Architecture is by Foster + Partners with interiors by Gilles & Boissier; amenities span an infinity lap pool, triple-height gym, spa, cinema and Dorchester concierge, with shared access to the One at Palm and Hotel Lana.

The investment case is a trophy one: extreme scarcity, a globally recognised hotel brand and a canal-front address. These trade as appreciation and prestige assets, so effective yields sit around 4–5%, with value driven by rarity and brand. Handover runs from late 2026 into 2027. (Substituted for Omniyat's Business Bay residences as The Lana is sold out.)

Business Bay, Dubai

Gallery

Inside VELA by Omniyat, Dorchester Collection

VELA by Omniyat, Dorchester Collection render, Dubai

Prices & payment · 2026

How much VELA by Omniyat, Dorchester Collection costs

Type	From	Gross yield
2 bedroom	~AED 28M	4.5–5%
3 bedroom	~AED 30M	4–5%
4-bed / duplex	AED 40M+	4–4.5%
Penthouse	AED 100M+	3.5–4%

Indicative 2026 launch pricing; varies by unit, floor and view. Payment plan: 60/40, 5% booking. Sources: Omniyat, Property Finder, DLD.

Market context

Dubai apartment price ladder

In Business Bay, apartments trade around AED 2,547/sqft — mid-range on the city's price ladder. Gross yields here run about 6–7%. Use this to sanity-check where VELA by Omniyat, Dorchester Collection sits on price.

Palm JumeirahAED 3,450

Downtown DubaiAED 3,011

Business BayAED 2,547

Dubai MarinaAED 2,058

Dubai Hills EstateAED 1,820

JVCAED 1,150

Dubai SouthAED 1,050

Average price / sqft by area · Source: Dubai Land Department transactions & Bayut, 2026 · indicative

Recent sales · DLD

What VELA by Omniyat, Dorchester Collection actually sold for

7 sales were registered at VELA by Omniyat, Dorchester Collection in Jan–Jun 2026, at a median of AED 21,259,991 (~AED 5,978/sqft). Most recent registered transactions:

Date	Beds	Status	Size	Price	AED/sqft
2026-04-27	3 B/R	Off-plan	5,353 sqft	AED 32,000,000	5,978
2026-04-27	4 B/R	Off-plan	7,373 sqft	AED 60,730,110	8,236
2026-04-07	3 B/R	Off-plan	4,257 sqft	AED 28,813,500	6,769
2026-03-24	2 B/R	Off-plan	3,771 sqft	AED 19,000,000	5,039
2026-02-01	2 B/R	Off-plan	2,780 sqft	AED 17,417,695	6,266
2026-01-12	2 B/R	Off-plan	3,771 sqft	AED 20,913,223	5,546

Source: Dubai Land Department — registered sales transactions, Jan–Jun 2026. Actual recorded deals, not asking prices.

Investment view

Is VELA by Omniyat, Dorchester Collection right for you?

In favour

Extreme scarcity — just 38 Dorchester Collection branded residences
Architecture by Foster + Partners, interiors by Gilles & Boissier
Canal-front Marasi Bay address with hotel-grade Dorchester service
Shared access to One at Palm Jumeirah and Hotel Lana facilities

Worth knowing

Ultra-high entry ticket from ~AED 28–30M
Branded prime yields are modest at around 4–5%
Larger units and penthouses priced on application
Off-plan with handover into 2027

Calculator

Run the numbers

Currency

Purchase budget 28,000,000 AED

28M48M AED

Gross estimate from typical Business Bay yields; net is lower after service charges (AED 12–25/sq.ft). Off-plan rent applies after handover (2027).

Monthly rent—

Annual income—

Gross yield—

Payback—

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FAQ

Common questions

How much is a residence at VELA by Omniyat?

Pricing starts from roughly AED 28M for the entry 2-bed in the VIENTO phase and from about AED 30M for 3-bed homes, with larger units on application.

What yield does VELA by Omniyat give?

Effective gross yields are around 4–5%; as a branded trophy asset, returns lean on scarcity and capital appreciation.

When does VELA by Omniyat hand over?

Handover runs from late 2026 into 2027 depending on phase, with VELA VIENTO completing around 2027.

Is VELA by Omniyat, Dorchester Collection a good investment?

VELA by Omniyat, Dorchester Collection returns roughly 4–5% gross; the draw here is extreme scarcity — just 38 Dorchester collection branded residences. Net depends on the exact unit — ask us to run the numbers before you commit.

What is the payment plan at VELA by Omniyat, Dorchester Collection?

VELA by Omniyat, Dorchester Collection is offered on a 60/40, 5% booking plan (developer terms, subject to availability). Handover is 2027. We confirm the exact schedule and any current incentives per unit on request.

Does VELA by Omniyat, Dorchester Collection qualify for the Golden Visa?

Yes — units at VELA by Omniyat, Dorchester Collection from AED 2M qualify the buyer for the UAE 10-year Golden Visa, available off-plan. With entry around AED 28M, most units clear the threshold; we handle the application paperwork.

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