Project profile
Vela by Omniyat
Project · Business Bay
Registered prices, construction progress and the record across its buildings.
Developer: Downtown Creek Real Estate Development
- Registered salesLast 12 months
- 4
- Median off-plan pricePer sq ft
- —
- Construction progressUnder construction
- 50%
Data to 3 November 2026
Dubai Land Department lists the project as under construction, 50% complete. In the last 12 months, Dubai Land Department registered 4 sales in Vela by Omniyat, worth AED 169.2M in total.
Source: Dubai Land Department open data, published on Dubai Data under the Dubai Data Open Data Licence: registered sales and new rent contracts. Medians use at least 5 transactions.
A project, in progress.
Under construction
- Start
- 1 June 2023
- DLD end date
- —
- Units
- 39
- Buildings
- 1
Launch and latest registrations.
- Launch priceFirst 90 days from Nov 2023, 17 home sales
- AED 6,704
- Last 12 months4 home sales
- —
- ChangeMedian AED/sqft, homes only
- —
Launch price is the median AED/sqft of off-plan home sales in the first 90 days after the first of them was registered, against the median of the project’s home sales in the last 12 months, ready and off-plan, leaving out any from those 90 days; plots and whole buildings count on neither side. The unit mix of the two periods can differ.
Registered prices, over time.
Median registered price, AED per sq ft
Too few registered sales for a monthly price trend.
Service charges.
In the area report.
The Business Bay area report ranks the area’s projects by sales, each with its own owners’ association budget per sq ft a year where it publishes one, beside the area median by budget year.
See the Business Bay area reportThe latest registered sales.
| Date | Unit | Size | Price | AED/sqft |
|---|---|---|---|---|
| 3 Nov 2026 | Apartment · 3 beds · Off-plan | 6,361 sqft | AED 38,997,126 | 6,131 |
| 27 Apr 2026 | Apartment · 4 beds · Off-plan | 7,373 sqft | AED 60,730,110 | 8,237 |
| 7 Apr 2026 | Apartment · 3 beds · Off-plan | 4,257 sqft | AED 28,813,500 | 6,768 |
| 5 Feb 2026 | Apartment · 3 beds · Off-plan | 6,047 sqft | AED 40,615,452 | 6,717 |
| 11 Feb 2025 | Apartment · 4 beds · Off-plan | 7,351 sqft | AED 50,318,100 | 6,845 |
| 20 Aug 2024 | Apartment · 3 beds · Off-plan | 6,302 sqft | AED 42,903,000 | 6,808 |
| 26 Jun 2024 | Apartment · 3 beds · Off-plan | 5,988 sqft | AED 36,417,229 | 6,082 |
| 27 May 2024 | Apartment · 3 beds · Off-plan | 6,047 sqft | AED 44,602,500 | 7,376 |
| 22 May 2024 | Apartment · 4 beds · Off-plan | 8,462 sqft | AED 74,042,191 | 8,750 |
| 1 Mar 2024 | Apartment · 3 beds · Off-plan | 4,257 sqft | AED 31,481,835 | 7,395 |
3 Nov 2026
Apartment3 bedsOff-plan6,361 sqft
AED 38,997,1266,131 AED/sqft
27 Apr 2026
Apartment4 bedsOff-plan7,373 sqft
AED 60,730,1108,237 AED/sqft
7 Apr 2026
Apartment3 bedsOff-plan4,257 sqft
AED 28,813,5006,768 AED/sqft
5 Feb 2026
Apartment3 bedsOff-plan6,047 sqft
AED 40,615,4526,717 AED/sqft
11 Feb 2025
Apartment4 bedsOff-plan7,351 sqft
AED 50,318,1006,845 AED/sqft
20 Aug 2024
Apartment3 bedsOff-plan6,302 sqft
AED 42,903,0006,808 AED/sqft
26 Jun 2024
Apartment3 bedsOff-plan5,988 sqft
AED 36,417,2296,082 AED/sqft
27 May 2024
Apartment3 bedsOff-plan6,047 sqft
AED 44,602,5007,376 AED/sqft
22 May 2024
Apartment4 bedsOff-plan8,462 sqft
AED 74,042,1918,750 AED/sqft
1 Mar 2024
Apartment3 bedsOff-plan4,257 sqft
AED 31,481,8357,395 AED/sqft
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