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. 25 sales are registered with the Dubai Land Department, at a current PIX© price of AED 7,322 per sqft. At AED 7,322 per sqft, VELA by OMNIYAT prices 201% above the Business Bay average of AED 2,432 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 | 41.34M | 7,322 | ↑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 | — | — | — | — |
| Date | Unit | Position | Size | Price | PSF | vs Prior Sale | Tier | Type |
|---|---|---|---|---|---|---|---|---|
| 27 Apr 2026 | 4 Bed | Floor 9 | 7,373 | 60,730,110 | 8,236 | — | Standard | Off-Plan Sale |
| 7 Apr 2026 | 3 Bed | Floor 9 | 4,257 | 28,813,500 | 6,769 | 0.0% | Standard | Off-Plan Sale |
| 5 Feb 2026 | 3 Bed | Floor 10 | 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.
- Bugatti Residences by BinghattiAED 7,268/sqft
- Vela Viento by OmniyatAED 6,899/sqft
- Lumena Alta by OmniyatAED 6,255/sqft
- Lumena by OmniyatAED 5,667/sqft
- Dorchester Collection DubaiAED 5,622/sqft
- Enara By OmniyatAED 5,615/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 7,322 per sqft, or about AED 41,335,304 for a typical unit, based on 25 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 7,322, across 25 registered sales.