Vela Viento is an off plan project by Omniyat in Business Bay, Dubai, from 17,417,695 AED, with handover announced for Q3 2027. The Dubai Land Department recorded construction at 21.81%, buyer payments go to an escrow account at Commercial Bank of Dubai and the developer has registered 95 homes.
Prices and payment plan
Payment plan, 2 bedrooms5 / 55 / 40
Today5%950,000 AEDOn booking
Until Q3 202755%10,450,000 AEDDuring construction
Q3 202740%7,600,000 AEDOn handover
Total with fees19,760,020 AEDPrice 19,000,000 + land department fee 760,000 + 20 AEDSee the detail
Price19,000,000 AED
Dubai Land Department fee, 4%760,000 AED
Knowledge and innovation fees20 AED
Developer registration feeOn the developer invoice
Source: Dubai Land Department, units registered by the developer, file of 23 October 2026.
Price per sqft5,638 AED
Handover (developer)Q3 2027
RERA project number2885
Escrow accountCommercial Bank of Dubai
Construction progress21.81% built
Completion date (registered)13 May 2027
The two dates can differ. Sale contracts usually allow 6 to 12 months beyond the announced handover date.
Golden visaEligible, starting price at or above 2,000,000 AED
Nearest metro stationBurj Khalifa / Dubai Mall, 2.4 km
Gold Line planned in this area, opening planned in 2032, station locations not published.
Service charges: 19.9 AED per sqft a year, official median of 7 completed buildings in Business Bay, Dubai Land Department.
Source: Omniyat, official project page · omniyat.com
Data dates
Developer prices29 September 2026
Dubai Land Department register18 October 2026
Sales registered up to2 November 2026
Property Radar score
out of 100
13 criteria measured
Highlights
Payments into an escrow accountHandover dateSize vs the area
Good to know
Construction progressNet rental yieldPrice per square foot vs the area
See all 13 criteria
Payments into an escrow account10/10
escrow at Commercial Bank of Dubai, status active
Handover date10/10
handover Q3 2027
Size vs the area10/10
about 2,780 sqft against 1,335 sqft for the same type in Business Bay, Dubai Land Department
Homes of this type in the project10/10
20 homes of this type registered in the project, out of 95
Ease of resale in the area7/10
515 completed units resold in Business Bay over the last 12 months
Share of the price paid before handover6/10
60% of the price paid before handover
Nearest metro station4/10
Burj Khalifa / Dubai Mall, 2.4 km
Developer record: projects delivered1/10
4 delivered, 3 ongoing, 4 cancelled
New-build price vs the secondary market0/10
+57.6% vs the area's secondary market
Developer record: cancelled projects0/10
4 cancelled of 11
Price per square foot vs the area0/10
5,638 against 2,428 AED per sqft in Business Bay
Net rental yield0/10
0.3% net of service charges
Construction progress0/10
22% built, 83% of the official construction time used
New-build price vs the same developer's secondary market
Information not public or confidential
Developer record: projects on time
Information not public or confidential
Market data, 2 bedrooms
In short: priced 132% above the area, gross yield 0.7% a year.
Price per sqft, AED
Vela Viento5,638Off plan in the area2,697All sales in the area2,428Completed resale in the area1,711
Gross yield0.7%rent 130,000 AED a year, median of 3,219 registered rents in Business Bay
Net yield0.3%After service charges
Same unit type, Dubai Land Department registered sales and rent contracts, Business Bay.
After you buy
1
Today
Book with 5%
Through a licensed expert, at the developer price.
2
Q3 2027, handover
Pay the last 40%
In cash or with a mortgage, up to 80% for residents.
3
After the keys
Rent it out
Long term or holiday home, managed for you.
Services from our selected partners. It never changes the score.
Prices in Business Bay
Median price per sqft of completed apartments resold
Since 2023+26%
2026 against 2025+4%
This project, off plan5,638 per sqft
AED per sqft. Dubai Land Department sales, data.dubai. 2026 up to 23 September.
Vela Viento in short
Starting price
17,417,695 AED
Source: Omniyat or a property portal, September 2026. Confirm with the developer.
Payment plan
5% On booking20% At contract signature35% During construction40% On handover
Handover
Handover is announced for Q3 2027.
How to buy
A broker licensed by the Dubai Land Department, from our partner agency, confirms the price list and the units still available, and handles the booking with you. The contact is free.
