New homes in Vela Viento start at AED 20,000,000; keys are due Dec 2027; you pay 5% to book, 55% while it is built and 40% at the keys.
In the 12 months to Nov 9, 2026, Dubai Land Department recorded 327 off-plan sales of 2-bed apartments of 1,397 sq ft to 4,713 sq ft in Business Bay. Their median price is AED 2,637 per sq ft (about AED 7,522,000 at 2,852 sq ft). This project's from price is AED 7,013 per sq ft (AED 20,000,000 for its smallest home, 2,852 sq ft), 166% more.
Keys
Dec 2027
The developer's handover date
Payment plan
5 / 55 / 40
5% to book, 55% while it is built, 40% at the keys
Bedrooms
2 to 4 beds
Sizes
2,852 to 10,032 sq ft
Ownership
Freehold
Property types
Apartment, Penthouse, and Duplex
Registration fee
4% of the price
Paid to the Dubai Land Department
As of Nov 1, 2026. These details can change; confirm them with the developer before you book.
Dubai Land Department register
From price per sq ft
AED 7,013 per sq ft
Similar off-plan homes: AED 2,637 per sq ft
RERA project
2885
Check it in Dubai REST, the Dubai Land Department's official app.
Built
22%
Being built. DLD register, Nov 11, 2026
Completion on the register
May 2027
DLD shows only the current date. We have recorded it since Jun 12, 2026 and it hasn't moved.
Escrow account
بنك دبي التجاري (ش.م.ع)
The bank that holds your payments
Registered homes
96
In 1 buildings
Dubai Land Department project register, as of Nov 11, 2026.
Paying for it
You pay 5% when you book, 55% as the building goes up, and 40% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
NowBooking · 5%
Booking
5%
AED 1,000,000+ AED 800,000 DLD fee
AED 1,800,000
Feb 2027While it is built · 13.8%
While it is built
13.8%
AED 2,750,000
AED 4,550,000
Apr 2027While it is built · 13.8%
While it is built
13.8%
AED 2,750,000
AED 7,300,000
Jul 2027While it is built · 13.8%
While it is built
13.8%
AED 2,750,000
AED 10,050,000
Sep 2027While it is built · 13.8%
While it is built
13.8%
AED 2,750,000
AED 12,800,000
Dec 2027Keys · 40%
Keys
40%
AED 8,000,000
AED 20,800,000
Booking payment, 5%
AED 1,000,000
Dubai Land Department fee (Oqood), 4%
AED 800,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 1,800,000
Total costPrice plus the DLD fee
AED 20,800,000
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
A mortgage at the keys
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. "Rent and yield" below gives the figure for this project.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 327 off-plan sales of 2-bed apartments of 1,397 sq ft to 4,713 sq ft in Business Bay, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Too few similar homes in Vela Viento by Omniyat sold in 24 months, so we compare with off-plan sales across Business Bay.
Dubai Land Department recorded 327 off-plan sales of 2-bed apartments of 1,397 sq ft to 4,713 sq ft in Business Bay, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 2,637 per sq ft
AED 1,000 to AED 1,899 per sq ft
44 sales
AED 1,899 to AED 2,797 per sq ft
147 sales
AED 2,797 to AED 3,696 per sq ft
118 sales
AED 3,696 to AED 4,594 per sq ft
5 sales
AED 4,594 to AED 5,493 per sq ft
3 sales
AED 5,493 to AED 6,392 per sq ft
3 sales
AED 6,392 to AED 7,290 per sq ft
3 sales
This project's from price is in this band.
AED 7,290 to AED 8,189 per sq ft
4 sales
AED 1,000 per sq ftAED 8,189 per sq ft
This project AED 7,013 per sq ft
Half of the sales sold for AED 2,100 to AED 3,002 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 1,000 to AED 1,899 per sq ft
44
AED 1,899 to AED 2,797 per sq ft
147
AED 2,797 to AED 3,696 per sq ft
118
AED 3,696 to AED 4,594 per sq ft
5
AED 4,594 to AED 5,493 per sq ft
3
AED 5,493 to AED 6,392 per sq ft
3
AED 6,392 to AED 7,290 per sq ft
3
AED 7,290 to AED 8,189 per sq ft
4
The 3 closest sales
Picked from the 327 similar sales above, closest in size to this project's smallest home.
Oct 2026AED 3,250,000AED 1,132 per sq ftBinghatti Aquarise - TOWER B, 2,870 sq ft
Feb 2026AED 17,417,695AED 6,266 per sq ftVela Viento by Omniyat, 2,780 sq ft
Aug 2026AED 12,000,000AED 3,988 per sq ftEywa The Way Of Water, 3,009 sq ft
Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Business Bay in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
2-bed apartmentFrom AED 20,000,000 here
Off-plan medianAED 3,570,000AED 2,691 per sq ft
Sales953
166% above 327 similar sales
3-bed apartment
Off-plan medianAED 5,829,000AED 3,046 per sq ft
Sales219
4-bed apartment
Off-plan medianAED 12,289,000AED 3,094 per sq ft
Sales33
Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from priceRent ÷ price
0.7%
Net yield at the from price(Rent − service charge) ÷ (price + DLD fee)
0.3%
Typical gross yield of similar ready homes
6.2%
Median rent of 2-bed apartments in Business Bay
AED 140,000 a year
Service charge a year, from the keysThe area median, AED 30 per sq ft from 36 buildings, as of 2024, for the smallest home (2,852 sq ft)
AED 85,560
Rent contracts counted
2,486
Rented between
Apr 1, 2025 and Mar 31, 2026
2-bed apartment
AED 140,000 a year
3-bed apartment
AED 200,000 a year
4-bed apartment
AED 327,500 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 140,000 ÷ AED 20,000,000 = 0.7%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Burj Khalifa/Dubai Mall Metro Station2.4 km, 7 min driveMetro station
Mandarin Oriental5 km, 8 min driveBeach
Business Bay creek front1.8 km, 4 min driveWaterfront
Hartland International School1.9 km, 8 min driveSchool
Dubai International School3.6 km, 8 min driveAmerican school
Vela Viento is a pair of Omniyat towers in Business Bay with two- to four-bedroom apartments, penthouses and duplexes from AED 20,000,000 and a listed handover of December 2027. The developer says there is one home per floor, and names Dorchester Collection as the manager of the residences.
The developer describes two towers in Marasi Bay, Business Bay, each 590 ft tall, with one home per floor. Foster + Partners is named as the architect, Gilles & Boissier for the fit-out and furniture, and Dorchester Collection as the manager. The listed handover is December 2027, about 13 months away, so ask Omniyat how far construction has got.
The plan is 5% on booking, 55% during construction and 40% at handover. At the from price that is AED 1,000,000, AED 11,000,000 and AED 8,000,000. With handover listed for December 2027, ask how much of the 55% is still to come and on what schedule. Separately, the 4% DLD fee comes to AED 800,000; ask when it is due.
The developer lists 90 apartments with two to four bedrooms, four-bedroom penthouses and two four-bedroom duplexes. Sizes start at 2,852 sq ft; check the floor plans for the larger homes. Homes have terraces and the lift opens straight into each one. Some units have a private pool, so ask whether yours does. The Sky Amenities Deck, a full floor about 330 ft up, has an infinity pool, a double-height gym and a yoga studio, and the podium adds an indoor lap pool, a private spa and a golf car service to Omniyat's Vela and The Lana hotel.
BIOS Clinic is about 110 m away, around 2 minutes on foot. Downtown Dubai is about 1.4 km away and the Business Bay creek front about 1.8 km. Hartland International School is about 1.9 km away, and Burj Khalifa/Dubai Mall Metro Station about 2.4 km, around 7 minutes by car by our estimate. Dubai Creek Golf and Yacht Club is about 7.3 km away.
The developer's plans. Sizes and layouts can change; ask the developer for the plan of the exact unit you're looking at.
Type A
Type B
Type A
Type B
Type A
Duplex
How prices moved
Median price of 2-bed apartments in Business Bay, over the 12 months to each dateUp 10% from Dec 2024 to Sep 2026.
Dec 2024AED 2,440 per sq ft
Sep 2026AED 2,691 per sq ft
Show as tableShow as chart
12 months to
Median price
Sales
Sep 2026
AED 2,691 per sq ft
953 sales
Jun 2026
AED 2,702 per sq ft
1,180 sales
Mar 2026
AED 2,655 per sq ft
1,390 sales
Dec 2025
AED 2,574 per sq ft
1,363 sales
Sep 2025
AED 2,528 per sq ft
1,280 sales
Jun 2025
AED 2,508 per sq ft
1,267 sales
Mar 2025
AED 2,504 per sq ft
1,314 sales
Dec 2024
AED 2,440 per sq ft
1,316 sales
Off-plan sales only.
Questions about this project
Who is behind Vela Viento?
Omniyat is the developer. It names Dorchester Collection as manager, Foster + Partners as architect and Gilles & Boissier for the interiors.
Can foreigners buy here?
The listing gives the ownership as freehold.
What does each payment stage come to?
At the from price: AED 1,000,000 on booking, AED 11,000,000 during construction and AED 8,000,000 at handover. Separately, the 4% DLD fee comes to AED 800,000; ask when it is due.
When is handover?
The listed handover is December 2027. Ask Omniyat for a current construction update.
Does every home have a private pool?
No. The developer says select units have one, so check the floor plan of the unit you want.
What is on the sky deck?
Sun decks, lounges, a yoga studio, a double-height gym and an infinity pool, on a full floor about 330 ft up.
