Business Bay · Omniyat Properties
Photos and renders of the building and grounds — not of this particular unit.
42-storey residential building in Business Bay. Developer — Omniyat Properties. Architect — Foster + Partners и Archgroup Consultants.
Specifications for Vela Viento by Omniyat per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Vela Viento is a 42-storey residential building in Business Bay, currently under construction.
The developer is Omniyat Properties. The architecture is by Foster + Partners и Archgroup Consultants.
The building holds 92 apartments in total. Height — 180 metres.
The database currently holds 1 lot in this project, from 16 300 000 AED; 1 of them priced below the market, the deepest discount 17%.
A 42-storey Omniyat tower in Business Bay with 92 residences. Designed by Foster + Partners. Under construction. Our lot in the building — AED 16.3 million (~$4.44M).
Vela Viento is a residential skyscraper in Business Bay by Omniyat Properties. Design is led by Foster + Partners together with Archgroup Consultants. 42 storeys, 92 residences, under construction. Confirmed amenities: pool, gym, parking and 24/7 security.
Foster + Partners is Norman Foster's British firm, one of the most decorated in the world. Its involvement here isn't for show: Omniyat works systematically with top-tier architects — the same company owns The Opus, designed by Zaha Hadid and covered in our series.
92 residences over 42 storeys is just over two apartments per floor. An intimate format, with spacious layouts.
Our one lot costs AED 16.3 million against a district median of AED 3.5 million (~$950K) — almost five times higher, pricing that starts to approach prime London or Manhattan territory rather than mass-market Dubai. This is a segment that mass-market Business Bay statistics have nothing to do with.
An architectural premium has a useful property: it holds up better than an ordinary newness premium. Newness fades as a building ages; recognisable architecture doesn't, because no one will build the same thing next door. This mechanism has already played out at The Opus.
The flip side is upkeep and liquidity. A complex facade costs more to maintain, and the costs are split among just 92 owners. And buyers for a sixteen-million-dirham residence aren't found in a matter of weeks.
Business Bay in our database — 371 lots, a median of AED 3.5 million: the deepest market in the city. But that depth is about apartments in the three-to-five-million range; in the district's upper segment, it works less well.
Omniyat is building a cluster of premium projects along the canal in Business Bay, and Vela Viento belongs to it. Proximity works in the price's favour here: several recognisable buildings together lift a location's status more than one alone.
The project launched in November 2023 with 92 residences — two- to four-bedroom apartments and two penthouses, some with private pools, and interiors by French designers.
In June 2025 Omniyat bought Marasi Bay island between Downtown, Business Bay and DIFC and announced a beach club there: a floating park island with lounges and yoga decks, superyacht berths, a yacht club, and waterfront restaurants and art spaces. The club is meant to link The Lana, VELA, Vela Viento and future Marasi Bay projects into one cluster with Dorchester Collection–level service.
propsearch factsheet (storeys, residence count, developer, designers, status, amenities) and our own stock as of 27 August 2026 (the lot in the building, the median for Business Bay). Launch and residence mix — announcement, November 2023; island purchase and beach club — Omniyat news, June 2025.
The final payment on this building falls in 2027 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.
Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.
Ask on WhatsAppOmniyat Properties. The architecture is by Foster + Partners и Archgroup Consultants.
42. The building has 92 apartments, 180 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.
The database currently holds 1 lot in this project, from 16 300 000 AED; 1 of them priced below the market, the deepest discount 17%. Prices in the base are live and update every day; ask for the current list for the building before deciding.
Swimming pool, Gym, Parking, 24/7 security. The list comes from the project description and covers the whole complex.
What has been written about the building, its developer and Business Bay
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.
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.
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%.
The RTA and Dubai Holding signed an AED 6bn (about $1.6bn) road programme: four new JVC access points with interchanges, double the capacity and 70% shorter journeys. Hessa Street phase two adds a 780 m bridge and a 480 m tunnel out of JVC. What it means for owners and buyers.
Message me for the free layouts in Vela Viento, the real entry price and what owners and tenants say — not the brochure copy.
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