
Vela Dorchester Collection at Business Bay

Unit Type

Payment Plan

HandOver

Unit Type

Payment Plan

HandOver
Description
Introducing the exquisite Vela Residences at Business Bay, an extraordinary development by Omniyat that redefines luxury living. These legendary residences offer a selection of luxury 3 to 5-bedroom penthouses, sky palaces, and marina residences. Designed by the renowned Foster + Partners, this 30-story architectural masterpiece is complemented by interiors curated by Gilles and Boissier. Nestled along the waterfront with direct access to the Marasi promenade, Vela Residences invites you to immerse yourself in the soothing vibes and fragrances of water features.
Elevate your living experience with refined creativity and unbeatable comfort. These impressive residences situated in a strategic location reimagine urban living at the heart of a captivating community. It’s an address that brings every essential and luxury within your grasp.
Embrace the energy of the city’s prime locations and the tranquility of waterfront attractions, all while embracing the beauty of nature. Panoramic views greet you from the comfort of your home, allowing you to feel connected to the world. The architectural brilliance combines world-class design with natural elements, creating an unparalleled living experience.
Soaring above the tranquil waters, Vela Residences introduces unique facilities, such as wraparound pools designed in an L-shape, extending exclusive vistas as far as the eye can see. A true gem of the development is its breathtaking Sky Palaces, the pinnacle of design and living. These expansive living areas span three floors and feature two swimming pools, terraces, a private gym, and a majlis area for hosting. The grandeur of these heights reveals panoramic views that uplift the spirit and offer a dynamic lifestyle in a truly distinctive setting.
With an estimated completion date of Q4 2026, Vela Residences presents an exceptional living opportunity in the heart of Business Bay. Enjoy convenient access to iconic landmarks and attractions, such as the Dubai Opera, Burj Khalifa, and Dubai Mall, all within minutes of your residence.
Unwind by the infinity lap pool, stay fit in the triple-height gym overlooking the marina, or indulge in relaxation at the private spa suite and salon. Other conveniences include a cinema room, kids’ play area, meeting rooms, and in-residence dining. The development offers comprehensive security, valet parking, housekeeping, maintenance, and more.
Vela Residences isn’t just a residence โ it’s a statement of luxury, elegance, and exceptional living that you deserve. Discover a world of unparalleled comfort and grandeur in this iconic masterpiece by Omniyat.
Appealing 60/40 Payment Plan:
Installment | Payment(%) | Payment Schedule |
Down Payment | 5% | On Booking from Effective Date |
1st Installment | 20% | On SPA Effective Date |
2nd Installment | 10% | 12 Months from the SPA Effective Date |
3rd Installment | 5% | 28 Months from the SPA Effective Date |
4th Installment | 5% | 36 Months from the SPA Effective Date |
5th Installment | 5% | 30 Months from SPA Effective Date |
6th Installment | 10% | 36 Months from SPA Effective Date |
Final Installment | 40% | On Project Completion Date |
GET IN TOUCH
Payment Plan
On Booking
On Construction
On Handover
Post Handover
Floor Plans
GENERAL FAQ's
What is the role of the DLD in Dubai real estate transactions?
The DLD regulates all real estate activities in Dubai, ensuring transparency and legality. Key responsibilities include:
-Registering property transactions (sales, leases, mortgages).
– Issuing Title Deeds and managing the Real Estate Registry.
– Enforcing anti-fraud measures and resolving disputes through the Rental Dispute Centre.
– Mandating the use of certified trustees for off-plan project escrow accounts. For More information visit www.dubailand.gov.ae
How can I check the status of a real estate project in Dubai?
You can check the status of a project through the Dubai Land Department (DLD) website or the Dubai REST app. Simply enter the project’s name or developer details to view updates, escrow account details, and progress reports. For More information visitย https://dubailand.gov.ae/en/eservices/real-estate-project-status-landing/real-estate-project-status/#/
What is RERA, and what does it regulate?
RERA is a regulatory arm of DLD that oversees real estate laws, brokers, developers, and rental disputes in Dubai. For More information visit www.dubailand.gov.ae
How does RERA protect buyers in off-plan projects?
RERAโs Escrow Account Law requires developers to deposit 100% of buyer funds into DLD-approved escrow accounts. Funds are released only after construction milestones are verified, minimizing project delays or cancellations. For More information visit www.dubailand.gov.ae
What is EOI (Expression of Interest) in Dubai Real Estate?
EOI (Expression of Interest) is a formal pre-booking commitment made by a buyer to express their serious interest in purchasing a property, especially in off-plan projects in Dubai. It is typically required before a project is officially launched.
What legal protections does DLD offer for real estate investors?
It provides legal protections for property investors through various regulations such as Escrow Lawย (Law No. 8 2007) which ensures developers deposit funds into escrow accounts to prevent fraud and Law No. 13 of 2008 which regulates the interim property registration.
What is the role of RERA in Dubaiโs property market?
This body has been developed to oversee real estate transactions, resolve property-related disputes, and develop and enforce real estate laws to ensure stability and fairness.
Who is eligible for the Dubai Golden Visa?
People who own property in Dubai worth at least AED 2 million are eligible to obtain a Dubai Golden Visa
Can I get a mortgage in Dubai as a non-resident?
Yes. Non-residents can obtain mortgages in Dubai. It is possible for foreign nationals to purchase their dream home in Dubai through a mortgage.
What are the eligibility criteria for non-residents to get a mortgage in Dubai?
First of all, you must be a citizen of a country which is on the bankโs list. A non-resident mortgage seeker must be a professional or self-employed. Meeting minimum age and income requirements is also necessary in most of the cases.
How do I get my title deed in Dubai?
After completing the property purchasing process, you need to visit the Dubai Land Department (DLD, submit the required documents such as the sale agreement, proof of payment and no objection certificate and pay the registration fee to obtain the title deed of your purchased property.
How can I get an electronic title deed in Dubai?
Open the Dubai Rest App and select the dashboard option to bring my property wallet screen. Choose your property, add the required details and click on the purple circle to get the electronic copy of your title deed.
Is it possible to gift a property in Dubai?
Yes. Property owners are allowed to give their properties as gifts in Dubai through a legal process.
How can I check the status of a real estate project in Dubai?
You can check the status of a real estate development in Dubai by visiting the Dubai Land Department (DLD) website or using the Dubai Rest App.
How to verify if a project is approved by the DLD?
Location Map
Amenities and Features
Payment Calculator
- Principal and Interest 116,315.94 AED
- Property Tax 0
- HOA fee 0
Start With A Quick Quiz & End With The Best Deal!
Given our years of real estate experience, we understand that it is not easy to buy properties for sale in Dubai, especially for new buyers. It is challenging to find the perfect spot for investment amid thousands of investment opportunities.
However, Kelt and Co Realty has come up with a perfect solution. Now, an investor is not required to go through countless listings on different property-related websites. Kelt and Co Realty offers a one-stop solution. An investor just needs to complete this quick quiz to find the perfect investment option because all information related to off-plan property is available here.
You just need to follow simple steps on your screen to find the perfect option based on your specific demands and financial means. Choose the perfect offer and contact us!
- It takes less than 2 minutes
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