Unit Type
Payment Plan
HandOver
Unit Type
Payment Plan
HandOver
DESCRIPTION
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 – 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
GALLERY
VIDEO
FLOOR PLANS
Floor Plans
GENERAL FAQ's
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
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 visit https://dubailand.gov.ae/en/eservices/real-estate-project-status-landing/real-estate-project-status/#/
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
RERA’s 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
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.
LOCATION MAP
Map
AMENITIES AND FEATURES
Amenities and Features
MORTGAGE CALCULATOR
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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