VELA by OMNIYAT
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VELA by OMNIYAT is an under-construction apartment development by DOWNTOWN CREEK REAL ESTATE DEVELOPMENT L.L.C in Business Bay, comprising 38 registered units. 27 sales are registered with the Dubai Land Department, at a current PIX© price of AED 7,166 per sqft. At AED 7,166 per sqft, VELA by OMNIYAT prices 196% above the Business Bay average of AED 2,421 per sqft on registered sales.
Units
Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.
| Type | Units | PIX© Price | PIX© PSF | PSF YoY | Trend |
|---|---|---|---|---|---|
PIX© Core Project-Wide 684 – 22,992 sqft | 38 | 42.38M | 7,166 | ↑7.2% | |
| Residential | |||||
3 Bed · Apartment 4,253 – 6,361 sqft | 22 | ||||
4 Bed · Apartment 7,264 – 11,727 sqft | 14 | — | |||
5 Bed · Apartment 22,992 sqft | 1 | — | — | — | — |
| Commercial | |||||
Shop 684 sqft | 1 | — | — | — | — |
| Land | |||||
Development Land 51,317 sqft | — | — | — | — | |
Price per sqft has risen +7.2% over the last 12 months, to AED 7,166, across 27 registered sales.
| Date | Size | Price | PSF | Unit Type | Type |
|---|---|---|---|---|---|
| 27 Apr 2026 | 7,373 | 60,730,110 | 8,236 | Standard | Off-Plan Sale |
| 7 Apr 2026 | 4,257 | 28,813,500 | 6,769 | Standard | Off-Plan Sale |
| 5 Feb 2026 | 6,047 | 40,615,452 | 6,717 | Standard | Off-Plan Sale |
Comparables
How this project prices against its peers, ranked by PIX© price per square foot.
Comparable projects in Business Bay
The closest-priced registered projects in Business Bay.
- Vela Viento by OmniyatAED 6,894/sqft
- Bugatti Residences by BinghattiAED 6,579/sqft
- Enara By OmniyatAED 6,569/sqft
- Lumena Alta by OmniyatAED 6,254/sqft
- Lumena by OmniyatAED 5,663/sqft
- Dorchester Collection DubaiAED 5,622/sqft
Common questions about VELA by OMNIYAT
Answered from Dubai Land Department registered transactions.
How much does a property in VELA by OMNIYAT cost?
Property in VELA by OMNIYAT sells at a current PIX© price of AED 7,166 per sqft, or about AED 42,380,295 for a typical unit, based on 27 sales registered with the Dubai Land Department.
When is VELA by OMNIYAT handing over?
VELA by OMNIYAT is under construction, and is 12% complete against the Dubai Land Department's reported progress.
Who is the developer of VELA by OMNIYAT?
VELA by OMNIYAT is developed by DOWNTOWN CREEK REAL ESTATE DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.
How many units are in VELA by OMNIYAT?
VELA by OMNIYAT holds 38 registered units, per the Dubai Land Department unit register.
Have prices in VELA by OMNIYAT gone up or down?
Price per sqft has risen +7.2% over the last 12 months, to AED 7,166, across 27 registered sales.