Developer Deal
From
AED 57,230,250
Handover
Q4 2026
Payment Plan
50/50
Down Payment
5%
Back to Developer DealsDeveloperOmniyatView developer profile
Vela
Canal Heights 2, Business Bay, Dubai, UAE
DeveloperOmniyatView developer profileDLD Waiver
—
Discount
—
Handover
Q4 2026
Post Handover
—
Payment Plan
60%
40%
5% down
About Vela
Vela is a residential development by Omniyat in Dubai, offering contemporary homes with practical layouts, open views and access to nearby retail and leisure destinations. The project combines modern architecture, shared amenities and a connected community setting. Residents benefit from convenient links to Dubai’s major roads, established lifestyle destinations and everyday services. Its practic…
Market Intelligence
Completed transactions in Business Bay
Median sale price/sqft
AED 2,226/sqft+9.1%
Median sale price
AED 1,540,000
Gross rental yield
6.2%
Median annual rent
AED 95,040
Median price/sqft over time
Jan 24Range AED 1,993 – AED 2,291Dec 24
Community activity
LiquidityStrongPrice momentumRising
16,111 sales and 26,031 rentals in the last 12 months
Primary vs resale
Primary 52.9%Resale 47%
Recent transactions
| Date | Building | Beds | Area | Price | AED/sqft |
|---|---|---|---|---|---|
| 2024-12-31 | Al Habtoor Tower | 2 | 1,468 sqft | AED 4,166,752 | 2,838 |
| 2024-12-31 | Al Habtoor Tower | 3 | 1,820 sqft | AED 6,143,158 | 3,376 |
| 2024-12-31 | Al Habtoor Tower | 3 | 1,820 sqft | AED 6,143,158 | 3,376 |
| 2024-12-31 | Al Habtoor Tower | 2 | 1,468 sqft | AED 4,166,752 | 2,838 |
| 2024-12-30 | Binghatti Skyrise Tower B | Studio | 434 sqft | AED 975,000 | 2,247 |
| 2024-12-30 | Binghatti Skyrise Tower C | 2 | 1,397 sqft | AED 3,241,000 | 2,319 |
Estimates are based on completed transactions and are not an official valuation. Data as of 2024-12-31.
Request the full payment plan for Vela
Our team will send you the complete payment schedule, floor plans and current offer from Omniyat.
- • Full payment plan + down payment
- • Available unit types and launch prices
- • Early-bird offers before public launch
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Frequently asked questions about Vela
- What is the handover date for Vela?
- Vela is scheduled for handover in Q4 2026.
- What is the starting price of Vela?
- Prices start from AED 43,330,140. Contact our team for current availability.
- Who is the developer of Vela?
- Vela is being developed by Omniyat.
- Where is Vela located?
- Vela is located in Canal Heights 2, Business Bay, Dubai, UAE.