V
Under ConstructionBranded Residences
Vela, Dorchester Collection
Marasi Bay (Business Bay) · Dubai — by OMNIYAT
Price from
AED 32M – AED 130M
Bedrooms
3–4BR
Handover
2027
Price / sqft
—
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 lists
- 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
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 current schedule with our desk.
DLD fee (4%)
AED 1,280,000
Trustee + admin
≈ AED 4,500
All-in entry estimate
AED 7,684,500
OM
Omniyat
Tier 2 developer · Portfolio of landmark ultra-luxury developments since 2005 (One Palm, The Opus, The Lana) · since 2005
Runs in the same set
O
Ready
Palm Jumeirah · Dubai
One at Palm Jumeirah, Dorchester Collection
Omniyat
AED 25M – AED 120M
2–4BR · Ready — mortgage/cash
A
Under Construction
Palm Jumeirah · Dubai
AVA at Palm Jumeirah, Dorchester Collection
OMNIYAT
AED 48M – AED 210M
3–5BR · 60/40
O
Under Construction
Palm Jumeirah · Dubai
Orla, Dorchester Collection
Omniyat
From AED 20M
2–4BR + sky palaces · 60/40