Vela Viento By Omniyat

Vela Viento by Omniyat is a waterfront residential tower forming part of the Vela twin-tower development at Marasi Bay, one of Business Bay's most prestigious canal-front addresses. Positioned directly along the Dubai Water Canal, the tower offers 2, 3 and 4-bedroom residences alongside duplexes and penthouses, with sculptural architecture that draws on marine and wind-inspired design language typical of Omniyat's ultra-luxury portfolio. The project sits minutes from Downtown Dubai and Sheikh Zayed Road, giving residents direct access to the city's business and lifestyle core while enjoying a low-density, resort-style canal setting. Construction is underway with handover targeted for Q4 2027, and the project is structured on a 60:40 payment plan that spreads payments across the construction period with 40% due on handover.

• Developer: Omniyat

• Location: Marasi Bay, Business Bay

• Unit Types: 2-4 Bedroom apartments, duplexes, penthouses

• Starting Price: approximately AED 17.5M-20M+

• Payment Plan: 60:40

• Handover: Q4 2027

• Ownership: Freehold

• Waterfront: Direct Dubai Water Canal frontage

• Design: Sculptural sail/wind-inspired architecture

• Status: Under construction

• Direct Dubai Water Canal frontage in a constrained-supply luxury micro-market

• Developed by Omniyat, a proven ultra-luxury developer

• Minutes from Downtown Dubai and DIFC

• Resort-style podium amenities including private beach club access

• Golden Visa eligibility for qualifying purchases

• Flexible 60:40 construction-linked payment plan

• Strong historical appreciation trend for Business Bay canal-front stock

• Freehold ownership available to international investors

• Diverse unit mix from 2-bedroom apartments to full-floor penthouses

• High-specification interiors and branded finishes

• Direct connectivity to Sheikh Zayed Road and Al Khail Road

• Positioned within a growing luxury waterfront corridor alongside Vela Dorchester Collection

• Direct frontage on the Dubai Water Canal within Marasi Bay, Business Bay's dedicated marina district

• Approximately 5-8 minutes' drive to Downtown Dubai and the Burj Khalifa district

• Approximately 10 minutes to Dubai International Financial Centre (DIFC)

• 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 Palm Jumeirah and Dubai Marina

• Walkable canal-side promenade connecting to Business Bay's retail and dining strip

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

• Located within one of Dubai's fastest-appreciating luxury waterfront micro-markets

• Easy access to Ras Al Khor Wildlife Sanctuary and Business Bay Metro Station

Vela Viento's amenity offering is built around a resort-style podium deck that overlooks the Dubai Water Canal, combining wellness, leisure and lifestyle facilities typical of an ultra-luxury Omniyat address.

• Canal-facing infinity swimming pool

• Separate children's splash pool

• Private beach club with sun deck

• State-of-the-art fitness centre

• Dedicated yoga and Pilates studio

• Spa with treatment rooms

• Sauna and steam rooms

• Kids' indoor play zone

• Outdoor landscaped gardens

• Residents' lounge and library

• Private screening/cinema room

• Business centre and co-working lounge

• Concierge desk and 24-hour front-of-house staff

• Valet parking service

• Dedicated basement parking for residents

• Visitor parking bays

• Ground-floor retail and F&B outlets

• Canal promenade and jogging track

• 24/7 security with CCTV monitoring

• Smart home technology in premium units

• 2BR Apartment - Size: 1,900 to 2,400 Sqft, Floors 5 to 40, 2 Bedrooms, 2-3 Bathrooms, Parking: 1 Space, Dubai Water Canal Views, Price AED 17,500,000 Plus

• 3BR Apartment - Size: 2,600 to 3,400 Sqft, Floors 5 to 45, 3 Bedrooms, 3-4 Bathrooms, Parking: 2 Spaces, Canal or Downtown Skyline Views, Price AED 25,000,000 Plus

• 4BR Duplex - Size: 3,800 to 4,800 Sqft, Floors 40 to 50, 4 Bedrooms, 4-5 Bathrooms, Parking: 2 Spaces, Panoramic Canal and City Views, Price AED 38,000,000 Plus

• Penthouse - Size: 5,000 to 6,500 Sqft, Floors 48 to 55, 4 Bedrooms, 5-6 Bathrooms, Parking: 3 Spaces, Full Canal, Downtown and Burj Khalifa Views, Price AED 55,000,000 Plus

• 5% on Booking

• 20% Down Payment

• 10% after 12 Months

• 5% after 18 Months

• 5% after 24 Months

• 5% after 30 Months

• 10% after 36 Months

• 40% on Handover (Q4 2027)

Market Snapshot

• Business Bay's Marasi Bay canal district has become one of Dubai's premium waterfront micro-markets, anchored by Omniyat's luxury towers

• Canal-front supply remains constrained relative to demand, supporting premium pricing

• Ultra-luxury segment in Business Bay has recorded strong appreciation since 2022

• Proximity to Downtown Dubai continues to draw both end-users and investors

• Off-plan luxury sales in Business Bay have set multiple record transaction values in recent years

Rental Yield

• Estimated gross rental yields of approximately 5-6% for canal-front luxury apartments

• Larger duplexes and penthouses typically command premium short-let rates

• Demand from corporate tenants working in DIFC and Downtown supports occupancy

• Furnished branded-style units can achieve a rental premium over standard Business Bay stock

Capital Appreciation

• Waterfront ultra-luxury towers have historically outperformed broader Business Bay averages on price growth

• Limited canal-frontage land bank supports long-term scarcity value

• Omniyat's track record with the One Palm and The Opus supports resale positioning

• Downtown Dubai's continued expansion adds spillover demand into adjacent Business Bay

Price Per Sqft Value

• Entry pricing reflects a premium price-per-sqft versus standard Business Bay towers, justified by canal frontage and branding

• Penthouse and duplex units carry the highest per-sqft premiums due to top-floor views

• Price per sqft is broadly comparable to other Omniyat waterfront addresses in the district

Key Risk to Note

• Handover is scheduled for late 2027, exposing buyers to a multi-year construction timeline

• Ultra-luxury segment carries higher entry price points, limiting the buyer pool on resale

• Service charges for high-amenity waterfront towers tend to be above the Dubai average

• Market performance depends on continued luxury demand from international buyers

• Off-plan payment plan requires investors to fund milestone payments before completion

What makes Vela Viento unique?

Vela Viento is one of the twin Vela towers directly fronting the Dubai Water Canal in Marasi Bay, combining Omniyat's signature sculptural architecture with a resort-style amenity podium and direct canal access, a positioning distinct from inland Business Bay towers.

How is the final payment handled at handover?

Buyers pay a 40% balloon payment upon handover, which is scheduled for Q4 2027, after completing the staged construction-linked instalments under the 60:40 plan.

What is the expected capital appreciation?

Canal-front luxury towers in Business Bay have historically shown above-average appreciation due to limited waterfront supply and proximity to Downtown Dubai, though appreciation is not guaranteed and depends on market conditions.

What rental income can be expected?

Estimated gross yields are in the region of 5-6%, with premium units able to command higher short-let and corporate rental rates given the waterfront location.

Who is the developer?

Omniyat is a Dubai-based ultra-luxury developer known for landmark projects including One Palm, The Opus by Zaha Hadid, and its Dorchester Collection partnerships across Business Bay and Palm Jumeirah.