Business Bay · Downtown Creek Real Estate Development
Floor plans from the developer's own materials. The areas and the unit split on them were correct when the drawing was issued — check them against the plan attached to the contract before the deal.
31-storey residential building in Business Bay. Developer — Downtown Creek Real Estate Development. Architect — Foster + Partners и Rice Perry Ellis.
Specifications for Vela by Omniyat per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Vela by Omniyat is a 31-storey residential building in Business Bay, currently under construction.
The developer is Downtown Creek Real Estate Development. The architecture is by Foster + Partners и Rice Perry Ellis.
The building holds 38 apartments in total. Height — 150 metres.
The database has nothing for this project at the moment: lots come and go here, and it refreshes nightly.
A 31-storey tower of 38 residences by Omniyat, designed by Foster + Partners — Norman Foster's practice, known internationally for The Gherkin in London and Apple Park in California. Under construction. Our own stock shows four lots from AED 16.3 million to AED 41 million (~$4.44M–$11.16M), at roughly AED 6,213 per square foot (~$1,690/ft²).
Vela is a residential tower in Business Bay developed by Omniyat, designed by Foster + Partners — the London-based practice responsible for 30 St Mary Axe (The Gherkin), Apple's campus in Cupertino, and Hearst Tower in Manhattan. 31 storeys, just 38 residences, still under construction.
That unit count sets the tone: roughly one apartment per floor on average, a density associated internationally with a small number of trophy addresses rather than standard investment stock.
Our own stock: four lots from AED 16.3 million to AED 41 million, averaging 6,321 sq ft, at roughly AED 6,213 per square foot.
Vela sits third in our district table, behind Lumena Alta and Bugatti Residences and just ahead of the branded Burj Binghatti — genuine company for an architect-led, ultra-low-density tower.
| Project | AED / ft² | Lots | Avg. size |
|---|---|---|---|
| Lumena Alta | 8082 | 6 | 2578 ft² |
| Bugatti Residences | 7945 | 6 | 6415 ft² |
| Vela by Omniyat | 6213 | 3 | 6321 ft² |
| Burj Binghatti Jacob & Co | 5865 | 38 | 1924 ft² |
| Jumeirah Living Business Bay | 4926 | 9 | 3330 ft² |
| Peninsula Two | 3058 | 4 | 412 ft² |
| Mama Shelter | 3030 | 4 | 578 ft² |
| J One | 3029 | 4 | 2174 ft² |
| Al Habtoor City | 2967 | 8 | 1696 ft² |
| Trillionaire Residences | 2890 | 5 | 913 ft² |
| Peninsula Four B | 2819 | 4 | 612 ft² |
| Peninsula | 2817 | 9 | 1292 ft² |
| The Crestmark | 2770 | 5 | 1229 ft² |
| The Sterling | 2754 | 3 | 1479 ft² |
| Quayside | 2651 | 6 | 1070 ft² |
| Canal Crown | 2559 | 3 | 718 ft² |
| Binghatti Aquarise | 2540 | 3 | 955 ft² |
| Chic Tower | 2396 | 3 | 899 ft² |
| Aykon City | 2215 | 5 | 1313 ft² |
| Executive Towers | 1856 | 4 | 2158 ft² |
| Nobles Residential Tower | 1844 | 3 | 1265 ft² |
Our own stock as of 28 August 2026: 368 lots across the district, median AED 3.58 million, average AED 3,585/ft². Projects with three or more lots and a known area only — 123 lots with an area contradicting the bedroom count were excluded from the calculation.
For an international buyer who already associates Foster + Partners with a global roster of landmark buildings, Vela is the clearest architect-driven address in Business Bay's upper tier — closer in spirit to a Zaha Hadid or Norman Foster residential commission in London or Hong Kong than to a typical Dubai investment tower.
The comparable set for pricing a unit here is genuinely global rather than local: full-floor architect-designed residences in a handful of world cities, not the broader Business Bay market this table otherwise describes.
As with any low-unit-count tower, liquidity is thin by design — thirty-eight residences worldwide means few directly comparable listings at any given time, and an exit should be planned against that reality rather than against typical Dubai turnover speed.
Factsheet: 31 storeys, 38 residences, developer Omniyat, architect Foster + Partners, status under construction. Our own stock as of 28 August 2026: 4 lots (price range, size, price per square foot), price-per-square-foot table across Business Bay projects.
Listings for Vela by Omniyat do not turn up every day. Message me — I will check the closed bases and suggest similar options nearby, in Business Bay.
Ask about this projectDowntown Creek Real Estate Development. The architecture is by Foster + Partners и Rice Perry Ellis.
31. The building has 38 apartments, 150 m tall.
Construction is ongoing; the key-handover date for the unit you choose I check in the contract before you sign.
Business Bay. The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.
Our database has no open listings for Vela by Omniyat at the moment. I will check the price of the layout you want against the closed databases and send it together with the deal costs.
Swimming pool, Gym, Restaurants. The list comes from the project description and covers the whole complex.
What has been written about the building, its developer and Business Bay
A company building a project marketed under another developer’s brand. The split between the name on the tower and the name on the contract is the single most useful thing to understand here.
Business Bay recorded 14 prime transactions in August 2026 against Palm Jumeirah's 10 — while Dubai-wide transaction volume fell 37% year-on-year and value fell 44%. Rental search demand rose 44% over the same period. What these seemingly contradictory numbers actually mean.
Corinthia Dubai, twin towers above 500 m on Sheikh Zayed Road with a rooftop pool and a Corinthia hotel, is due by 2030. Al Habtoor Group has announced an AED 5bn ($1.36bn) office tower in Al Habtoor City. What the two projects say about the market and who should care.
Omniyat bought a reclaimed island in Marasi Bay to build the Burj Khalifa district's only urban beach club and Sunset Park, a private floating island for VELA Viento residents. In March 2026 it priced a $600m sukuk at 7.25% and said its $11.7bn launched portfolio is fully funded to completion.
Deyaar is building DWTN (Downtown) Residences in Business Bay: twin 445 m, 111-storey towers with 522 homes — 432 apartments, 76 duplexes, 13 penthouses and a “Royal Palace”. From AED 1.86m with half due at keys. Construction began in January 2026; completion is quoted for 2029–2030.
In October 2024 Binghatti said it would lift its portfolio from about AED 40bn to AED 100bn ($27.2bn) in 18 months. In 2025 revenue reached AED 12.43bn, more than 17 000 units were sold, and the AED 30bn Binghatti City launched in Nad Al Sheba. What the growth means for buyers.
Downtown is Dubai's tourist and status core, around AED 2 433/sqft on our own data. Business Bay is the business district next door, home to 17 000+ companies, around AED 1 871/sqft. We compare lifestyle, rental economics and who should pick which.
SOM designed Burj Khalifa and a 74-metre metro station in Creek Harbour that will be the tallest in the world. Zaha Hadid Architects built The Opus and is now building Oystra in Ras Al Khaimah. What separates a real premium from a marketing line.
Three major office schemes are rising around DIFC and Business Bay: Immersive Tower ($300m, 58 573 sq m, 2027), Aldar's 88 000 sq m tower by Emirates Towers metro (Q4 2027), and an office park with a theatre on Business Bay's largest plot. Vacancy in central clusters sits at 2–5%.
Message me for the free layouts in Vela by Omniyat, the real entry price and what owners and tenants say — not the brochure copy.
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