Under ConstructionBranded Residences
Vela, Dorchester Collection
Marasi Bay (Business Bay) · Dubai · by OMNIYAT
Details are indicative, confirm with our desk before transacting
Price from
AED 32M
to AED 130M
Bedrooms
3-4BR
Branded Residences
Handover
2027
Under Construction
Est. gross yield
On ask
Vela is OMNIYAT's ultra-prime residential building at Marasi Bay, launched in 2022 under Dorchester Collection management with a limited number of large-format residences. Pricing set new benchmarks for the canal district and targets the same buyer pool as Palm Jumeirah's top-end stock.
Why it makes the list
- Dorchester Collection service alongside The Lana hotel
- Low-density design by Foster + Partners on the Marasi Bay waterfront
- Among the highest per-square-foot launches in Business Bay history
Payment structure
60/40
Modelled on entry price AED 32M
Booking / down payment20% · AED 6,400,000
During construction40% · AED 12,800,000
On handover40% · AED 12,800,000
Milestone-based schedule; limited collection of residences. Figures shown against the entry price. Confirm the live schedule with our desk. Indicative, not financial advice.
Cost to entry
What it takes to secure a unit at Vela, Dorchester Collection: the down payment plus government and trustee costs, before the mortgage question.
Down payment20%
AED 6,400,000
DLD fee4%
AED 1,280,000
Trustee + adminfixed
≈ AED 4,500
All-in entry estimate
AED 7,684,500
Down payment 20% + DLD 4% + trustee. Indicative, not financial advice.
OM
Developer
Omniyat
Tier 2 developer · Portfolio of landmark ultra-luxury developments since 2005 (One Palm, The Opus, The Lana) · since 2005
Same set · Dubai
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