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Off-plan project · Marasi Bay
Vela, Dorchester Collection
Vela is a 30-storey, 150-metre tower of 38 homes on the Marasi Bay waterfront in Business Bay, next to The Lana hotel. It is developed by Omniyat, designed by Foster + Partners with interiors by Gilles & Boissier, and will be serviced by Dorchester Collection. Omniyat now gives completion as Q4 2027, later than the Q2 2027 date it gave in May 2025.
- HandoverQ4 2027
- Payment plan5/55/40
- Bedrooms3, 4, 5
- StatusUnder construction
Reviewed by Ayman Hoque, Operations Manager, Live Dubai InternationalDubai Land Department broker card no. 55937 · Checked 12 October 2026 · 4 sources
Images: Omniyat. Artist impressions may differ from the finished building.
Key facts
Vela, Dorchester Collection at a glance
- Developer
- Omniyat
- Location
- Marasi Bay, Business Bay
- Type
- Apartments, penthouses and sky palace
- Bedrooms
- 3, 4, 5
- Sizes
- 4,253 to 11,727 sq ft
- Homes
- 38 residences in one 30-storey tower
- Floors
- 30 storeys
- Launched
- June 2023 (sales start, listing data)
- Handover
- Q4 2027
- Progress
- Structure at level 10, with facade and interior works under way (developer, January 2026)
- Payment plan
- 5/55/40
Checked 12 October 2026. Prices are not shown here because they change often. Ask for today’s price list.
Highlights
What stands out
- Only 38 homes, including 3 penthouses and 1 sky palace
- 30 storeys and 150 metres tall
- Architecture by Foster + Partners, interiors by Gilles & Boissier
- Services provided by Dorchester Collection
- Main contractor is ACC Group, appointed May 2025
- Completion moved from Q2 2027 to Q4 2027
Amenities
- Infinity-edge lap pool
- Triple-height gym
- Cinema room
- Children's play areas
- Meeting rooms
- Spa suite and salon
- Concierge and valet
- Doorman and porter
- In-residence dining
- Car care service
Payment plan
How you pay for Vela, Dorchester Collection
On a home priced at AED 1,000,000 that is AED 50,000 on booking, AED 550,000 during construction, AED 400,000 on handover. Government registration fees are paid on top.
5% on booking, 55% during construction, 40% on handover. This split comes from listing data, not from the developer's website.
Plans change between launches and unit types. We confirm the current plan in writing with the price list.
Location
Where Vela, Dorchester Collection is
Vela stands on the Marasi Bay waterfront in Business Bay, beside The Lana hotel and the Marasi marina, with views towards Burj Khalifa and Downtown Dubai. Downtown is a short drive away, and Business Bay Metro station is the nearest metro stop.
Nearby
- Business Bay Metro stationabout 5 min drive
- Burj Khalifa and Dubai Mallabout 10 min drive
- DIFCabout 10 min drive
- Dubai International Airportabout 20 min drive
Travel times are approximate and depend on traffic.
Who Vela, Dorchester Collection suits
- Buyers who want a very large apartment close to Downtown Dubai
- Buyers who want few neighbours and hotel-style services
- Buyers comfortable with a large payment at handover
Check before you buy
- The completion date has moved: Q2 2027 in May 2025, Q4 2027 on the developer's website now.
- Listings show earlier registered dates in 2026. Ask which date is in the sale contract.
- 40% of the price is due at handover on the listed plan. Confirm the plan in writing.
- Service charges are not published. Ask for the estimate.
The developer
Private Dubai ultra-luxury developer, founded 2005, with a USD 11.7 billion pipeline under construction.
Prices and floor plans
Get today’s prices for Vela, Dorchester Collection
We send the current price list, floor plans and payment plan, and tell you honestly how it compares with similar projects. No spam.
FAQs
Vela, Dorchester Collection: common questions
When will Vela, Dorchester Collection be finished?
Omniyat's website gives Q4 2027. In May 2025 the developer had said Q2 2027. In January 2026 the structure had reached level 10.
Who is the developer of Vela, Dorchester Collection?
Omniyat is the developer. Foster + Partners is the architect, Gilles & Boissier designed the interiors and ACC Group is the main contractor.
Where is Vela, Dorchester Collection?
It is on the Marasi Bay waterfront in Business Bay, Dubai, next to The Lana hotel.
What homes are available at Vela, Dorchester Collection?
There are 38 homes with three to five bedrooms, from 4,253 sq ft to 11,727 sq ft. They include three penthouses and one three-floor sky palace.
What is the payment plan at Vela, Dorchester Collection?
Listings show 5% on booking, 55% during construction and 40% on handover. Omniyat does not publish the plan on its website, so confirm it before you commit.
More from this developer
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Vela Viento, Dorchester CollectionMarasi Bay, Business Bay · Q3 2027
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AVA at Palm Jumeirah, Dorchester CollectionPalm Jumeirah · 2026
Lumena AltaSheikh Zayed Road, Business Bay · 2030
Lumena by OmniyatSheikh Zayed Road, Business Bay · Q4 2029Sources (4)
This page is a guide, not financial advice. Details come from the developer and public records and can change. Check the project and its escrow account with the Dubai Land Department before you pay.