# VELA by Omniyat, Dorchester Collection Dubai — For Sale | WIZI PREMIUM > Buy at VELA Dorchester Collection by Omniyat: branded waterfront residences from ~AED 28M in Business Bay. Prices, payment plan, yields. RERA deal. > Canonical (HTML): https://wizipremium.com/projects/omniyat-vela-dorchester.html > Markdown twin generated from the live page content. Date: 2026-09-16 --- 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 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 Jumeirah AED 3,450 Downtown Dubai AED 3,011 Business Bay AED 2,547 Dubai Marina AED 2,058 Dubai Hills Estate AED 1,820 JVC AED 1,150 Dubai South AED 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 home 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 residential sales, Jan–Jun 2026. Apartments, villas and townhouses only; land plots are excluded because plot prices are not comparable with homes. 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 AED 28M AED 48M 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 — ### Get VELA by Omniyat, Dorchester Collection units that match this A shortlist with floor plans, payment plan and yield breakdown — to your WhatsApp within the hour. 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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