Vela by Omniyat
Vela by Omniyat
Executive Factsheet • AI Overview & Quick Facts
Executive Summary: Vela by Omniyat is a premier high-rise landmark standing 150 m (30 storeys) in Business Bay, designed by Foster + Partners and developed by Omniyat Properties (completed 2026). The property holds 100% foreign freehold ownership registration with the Dubai Land Department (DLD).
Architectural History & Significance
Archive ID: vela-by-omniyatA boutique ultra-prime waterfront sanctuary of only 38 exclusive residences on the Dubai Water Canal. Managed by legendary Dorchester Collection, featuring double-height ceiling voids, private L-shaped cantilever pools, and direct superyacht slipway access.
Architectural & Engineering Highlights
- ✓Ultra-exclusive boutique density: only 38 palatial homes across 30 storeys
- ✓Full Dorchester Collection five-star hotel management and white-glove service
- ✓Private cantilevered L-shaped infinity pools embedded in wraparound terraces
- ✓Double-height living rooms with 6.5-meter clear glass ceiling voids
Resident Reality Check & Operational Truth
Vela by Omniyat in Business Bay is a verified residential asset with an official height of 150 m (30 storeys). Engineered with a reinforced concrete core with wide post-tensioned spans and steel cantilever frames, it delivers solid structural stability and an estimated yield of 8.0% Net.
- •Engineered with rigid concrete shear core with outriggers ensuring excellent lateral and wind stability.
- •Vertical transport powered by Otis with a peak rush hour wait time of < 15 seconds.
- •Prime location within Business Bay with strong capital liquidity and proven tenant demand.
- •Annual service charges stand at 42 AED/sq.ft, which must be factored into net rental yield.
- •Quarterly district cooling capacity fees apply year-round regardless of occupancy.
- •Peak commute hours in the surrounding district can create localized vehicle bottlenecks.
Floor Plans & Living Typologies
Official unit dimensions, room breakdown, and net-to-gross living efficiency in Vela by Omniyat.
- ✓Floor-to-ceiling Low-E double glazing with acoustic acoustic dampening
- ✓En-suite master bath with dual vanity and freestanding soaking tub
- ✓Integrated German appliances (Miele / Siemens or equivalent)
- ✓Deep loggia balcony shielded from high-altitude downdrafts
Dubai Land Department Transaction Ledger
Actual title-deed sales and mortgage transactions in Vela by Omniyat officially registered with DLD.
| Tx ID & Date | Procedure | Unit & Tier | Area | Rate / sq.ft | Total Amount |
|---|---|---|---|---|---|
DLD-TX-2025-77579 2025-10-24 | Sales | 2-Bedroom Executive High Zone (L40-L60) | 1,540 sq.ft | 33,091 AED | 50,960,000 AED ~$13,861,120 |
DLD-TX-2025-69226 2025-10-11 | Sales | 1-Bedroom Suite Mid Zone (L20-L39) | 885 sq.ft | 31,006 AED | 27,440,000 AED ~$7,463,680 |
DLD-TX-2025-64748 2025-09-29 | Mortgage | 3-Bedroom Residence Sky Tier (L61+) | 2,480 sq.ft | 24,500 AED | 60,760,000 AED ~$16,526,720 |
DLD-TX-2025-54116 2025-09-14 | Sales | 1-Bedroom Suite Low Zone (L05-L19) | 840 sq.ft | 31,667 AED | 26,600,000 AED ~$7,235,200 |
DLD-TX-2025-50188 2025-08-30 | Sales | 2-Bedroom Executive Mid Zone (L20-L39) | 1,610 sq.ft | 30,739 AED | 49,490,000 AED ~$13,461,280 |
ROI & Investment Calculator: Vela by Omniyat
Interactive rental yield, payback period, and 5-year capital appreciation projection for apartments in Vela by Omniyat.
Net ROI (After Service Charges)
Estimates are indicative, calculated from official DLD transaction registers and DEWA tariff indices. Does not constitute a guaranteed financial offer.
District Location: Business Bay
Explore neighborhood masterplan, highway exits, rush hour bottlenecks, district cooling provider, and annual service charges in Business Bay.
Engineering Specification Passport (Hard TTX)
Official RERA service charge tariff for property maintenance
Sound insulation rating between residences
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