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VELA by OMNIYAT

Under construction

Developed by DOWNTOWN CREEK REAL ESTATE DEVELOPMENT L.L.C. Located in Business Bay.

Construction progress12%Official DLD record
Units391 buildings · 0 villas
Registered sales273 in the last 12 months
Median sale priceAED 39.74MMedian of registered salesAED 6,769/sqft

Registry record

Project number
2653
Name on the register
فَلّا من أمنيات
Developer
DOWNTOWN CREEK REAL ESTATE DEVELOPMENT L.L.C
Master developer
الخليج التجاري (ش.ذ.م.م)
Escrow agent
ABU DHABI COMMERCIAL BANK
Zoning authority
Dubai Development Authority (DDA)
Master project
Business Bay
Start date
1 Jun 2023
Expected completion
Not recorded
Actual completion
Not recorded
Cancelled
Not recorded
Plots
0
Progress
12%

Proposed Tower 4B+G+30 floors + Retail B03 1 unit.The project designed to have a concrete structure and block with internal and external finishes.

Sales evidence

Median size
6,302 sqft
Median price per sqft
AED 6,769/sqft
Total value transacted
AED 1.15B
Off-plan vs ready
26 off-plan · 1 ready
First sale
29 Nov 2022
Latest sale
27 Apr 2026

Registered sales in this project

All sales
Registered property transactions from the Dubai Land Department
DateCommunityProject / buildingTypeBedsSizePrice/sqftPrice
27 Apr 2026Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties4 B/R7,373 sqftAED 8,236/sqftAED 60,730,110
7 Apr 2026Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R4,257 sqftAED 6,769/sqftAED 28,813,500
5 Feb 2026Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R6,047 sqftAED 6,717/sqftAED 40,615,452
11 Feb 2025Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties4 B/R7,351 sqftAED 6,845/sqftAED 50,318,100
20 Aug 2024Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R6,302 sqftAED 6,808/sqftAED 42,903,000
26 Jun 2024Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R5,988 sqftAED 6,082/sqftAED 36,417,229
27 May 2024Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R6,047 sqftAED 7,376/sqftAED 44,602,500
22 May 2024Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties4 B/R8,462 sqftAED 8,750/sqftAED 74,042,191
1 Mar 2024Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R4,257 sqftAED 7,396/sqftAED 31,481,835
26 Jan 2024Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R4,257 sqftAED 6,769/sqftAED 28,813,500
22 Jan 2024Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R6,361 sqftAED 6,004/sqftAED 38,193,750
22 Jan 2024Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R4,257 sqftAED 7,327/sqftAED 31,186,470
22 Jan 2024Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R6,302 sqftAED 6,214/sqftAED 39,159,000
22 Jan 2024Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R6,361 sqftAED 5,889/sqftAED 37,460,430
22 Jan 2024Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R6,361 sqftAED 6,248/sqftAED 39,742,500
19 Jan 2024Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties4 B/R8,462 sqftAED 7,291/sqftAED 61,695,000
18 Jan 2024Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R6,047 sqftAED 8,001/sqftAED 48,382,096
18 Jan 2024Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R6,047 sqftAED 7,316/sqftAED 44,241,500
18 Jan 2024Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R6,361 sqftAED 5,276/sqftAED 33,560,000
18 Jan 2024Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R6,302 sqftAED 5,713/sqftAED 36,000,000
14 Dec 2023Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R4,257 sqftAED 6,704/sqftAED 28,538,000
12 Dec 2023Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R6,337 sqftAED 6,925/sqftAED 43,880,500
12 Dec 2023Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R6,302 sqftAED 6,598/sqftAED 41,580,000
15 Nov 2023Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties4 B/R7,264 sqftAED 6,979/sqftAED 50,698,515
10 Nov 2023Business BayVELA by OMNIYATBusiness BayFlatOff-Plan Properties3 B/R4,253 sqftAED 6,818/sqftAED 28,998,900

Source: Dubai Land Department open data, retrieved from the Digital Dubai data.dubai platform. Figures cover registered transactions and Ejari-registered tenancy contracts, and are statistical summaries of public record — not a valuation of any individual property. Registration data can be amended or backdated by the source after first publication.