Omniyat Vela Dorchester Collection

Vela by Dorchester Collection is Omniyat's branded-residence tower within the twin Vela development at Marasi Bay, Business Bay, delivered in partnership with hospitality group Dorchester Collection. The tower offers 3 to 5-bedroom penthouses, marina residences and a full-floor sky palace, positioning it among the most exclusive addresses in Dubai's canal-front luxury market. Residents benefit from Dorchester Collection's five-star service standards layered onto Omniyat's architectural design, with pricing starting around AED 30 million for entry-level 3-bedroom units and reaching approximately AED 205 million for the Sky Palace. Handover is phased between Q4 2026 and Q4 2027 depending on unit type, with flexible bespoke payment structures for the top-tier residences.

• Developer: Omniyat with Dorchester Collection

• Location: Marasi Bay, Business Bay

• Unit Types: 3-5 Bedroom penthouses, Sky Palace, Marina Residences

• Starting Price: approximately AED 30 Million

• Top Price: Sky Palace at approximately AED 205 Million

• Payment Plan: 60:40 (bespoke for top units)

• Handover: Q4 2026 - Q4 2027

• Ownership: Freehold

• Branding: Dorchester Collection managed residences

• Waterfront: Direct Dubai Water Canal frontage

• Rare branded-residence partnership with Dorchester Collection

• Full-floor Sky Palace offering unmatched exclusivity

• Direct Dubai Water Canal frontage in Marasi Bay

• Proximity to Downtown Dubai and DIFC

• Five-star hospitality service standards for residents

• Freehold ownership with Golden Visa eligibility

• Limited competing supply in the branded ultra-luxury segment

• Strong developer track record from Omniyat's One Palm and The Opus

• Diverse configurations from 3-bedroom apartments to full-floor penthouses

• Bespoke payment terms available for top-tier buyers

• High resale liquidity among global luxury buyers

• Positioned within a growing waterfront luxury enclave

• Direct Dubai Water Canal frontage within the exclusive Marasi Bay marina precinct

• Approximately 5-8 minutes to Downtown Dubai and Burj Khalifa

• Approximately 10 minutes to DIFC, Dubai's financial hub

• Approximately 15-20 minutes to Dubai International Airport (DXB)

• Direct access to Al Khail Road (E44) and Sheikh Zayed Road (E11)

• Approximately 20 minutes to Dubai Marina and Palm Jumeirah

• Adjacent to sister tower Vela Viento, forming an integrated luxury enclave

• Walking access to Business Bay's canal promenade, retail and dining

• Close to Dubai Design District (d3), roughly 10-12 minutes away

• Positioned in a market segment with limited comparable branded-residence supply

Vela Dorchester Collection blends Omniyat's amenity design with Dorchester Collection's hospitality management, creating a service-led environment distinct from standard residential towers.

• Canal-facing infinity swimming pool

• Children's pool with dedicated shallow zone

• Private spa suite with treatment rooms

• Sauna and steam facilities

• Fully equipped fitness centre with personal training space

• Yoga and Pilates studio

• Sky lounge with panoramic views

• Private dining rooms with in-house chef service

• Wine cellar and cigar lounge

• Private cinema room

• Kids' indoor play area

• Landscaped podium gardens

• Business centre and private meeting suites

• Concierge and 24-hour butler service

• Valet parking and chauffeur service

• Dedicated private elevators for top-tier units

• 24/7 security with controlled private access

• Retail and fine-dining outlets at ground floor

• Marina and canal promenade walkway

• 3BR Apartment - Size: 3,000 to 3,800 Sqft, Floors 10 to 40, 3 Bedrooms, 4 Bathrooms, Parking: 2 Spaces, Dubai Water Canal Views, Price AED 30,000,000 Plus

• 4BR Penthouse - Size: 4,500 to 6,000 Sqft, Floors 40 to 50, 4 Bedrooms, 5 Bathrooms, Parking: 3 Spaces, Canal and Downtown Skyline Views, Price AED 55,000,000 Plus

• 5BR Marina Residence - Size: 6,500 to 9,000 Sqft, Floors 45 to 52, 5 Bedrooms, 6 Bathrooms, Parking: 3 Spaces, Panoramic Marina and Canal Views, Price AED 90,000,000 Plus

• Sky Palace - Size: 12,000 to 16,000 Sqft, Full Floor (Top of Tower), 5+ Bedrooms, 7+ Bathrooms, Parking: 4+ Spaces, 360-Degree Skyline and Canal Views, Price AED 205,000,000 Plus

• 5% on Booking

• 10% Down Payment

• Construction-linked instalments totalling approximately 45% during the build period

• 40% on Handover (Q4 2026 to Q4 2027, unit dependent)

• Bespoke schedules available for Sky Palace and Marina Residences upon registration

Market Snapshot

• Branded residences under global hospitality names command a consistent premium in Dubai's luxury market

• Marasi Bay's limited canal-front land bank restricts future competing supply

• Dorchester Collection's global brand recognition supports demand from international ultra-high-net-worth buyers

• Business Bay continues to benefit from Downtown Dubai spillover demand

• Sky Palace and full-floor product types are rare in the Dubai market, supporting scarcity pricing

Rental Yield

• Estimated gross yields of approximately 4-5%, typical for ultra-luxury branded residences

• Short-let and corporate executive tenancy demand supports premium rental rates

• Branded management can support higher achievable rents versus unbranded comparables

Capital Appreciation

• Branded residence developments in Dubai have historically shown strong resale premiums

• Omniyat's track record with One Palm supports long-term value expectations

• Limited comparable stock in the sky-palace segment supports scarcity-driven appreciation

Price Per Sqft Value

• Price per sqft sits at the top end of the Business Bay luxury market given the Dorchester Collection brand premium

• Sky Palace and full-floor units carry the highest per-sqft valuations in the tower

• Comparable to other global branded-residence benchmarks in Dubai

Key Risk to Note

• Very high entry price points limit the pool of qualified buyers on resale

• Phased handover across 2026-2027 introduces construction timeline risk

• Branded-residence service charges are typically above standard market rates

• Market depends on continued international ultra-high-net-worth demand

• Bespoke payment plans for top-tier units require direct developer negotiation

What makes Vela Dorchester Collection unique?

It is one of the few Dubai developments combining Dorchester Collection's global hospitality brand with full residential ownership, including a rare full-floor Sky Palace, positioning it above typical Business Bay luxury supply.

How is the final payment handled at handover?

Standard units follow a 60:40 plan with 40% due at handover between Q4 2026 and Q4 2027; Sky Palace and Marina Residences follow bespoke schedules confirmed at reservation.

What is the expected capital appreciation?

Branded residences in scarce waterfront locations have historically appreciated faster than unbranded stock in Dubai, though performance depends on broader market conditions and is not guaranteed.

What rental income can be expected?

Gross yields are estimated at 4-5%, with premium achievable on branded, fully serviced residences let to corporate and high-net-worth tenants.

Who is the developer?

Omniyat, in partnership with Dorchester Collection, a globally recognised luxury hospitality brand that also manages Omniyat's Alba and Orla residences.