Vela Dorchester Collection
Off-Plan

Vela Dorchester Collection

From AED 35.90M·Handover Dec 2027·25% down payment Payment
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AED 35.90M
Starting Price
Dec 2027
Handover
25% down payment
Payment Plan
3 BR · 4 BR
Type

Project Overview

Vela Dorchester Collection is an ultra-luxurious project from developer Omniyat, located on the Marasi Bay waterfront in the business district of Business Bay. The project is a 30-storey building with amazing architecture that combines minimalism, high-tech and modernism, and includes apartments Sky Residences and Marina Residences with 3-4 bedrooms, penthouses with 4 bedrooms and an exclusive Sky Palace with 5 bedrooms. The design and development was carried out by the famous bureau Foster + Partners. Residences of Vela Dorchester Collection have thoughtful comfortable layouts with spacious light rooms. High-quality materials are used in the decoration, and panoramic windows offer breathtaking views of the waterfront and the Dubai skyline. Residents are offered a wide range of world-class amenities, including a multi-functional gym, an infinity pool with panoramic views of the city, a spa, lounge areas and a cinema. A children's room is equipped for children. The complex also has a conference room, concierge services and 24-hour security with video surveillance. Thanks to its convenient location, residents will be able to quickly get to the city's attractions. Burj Khalifa and the Dubai Mall are just 5 minutes away, Dubai Water Canal and Safa Park are 10 minutes away, and Palm Jumeirah, Dubai Marina, Marina Mall and JBR beach are about 20 minutes away.

Project Specifications
DeveloperOmniyat Properties
LocationBusiness Bay
Unit Types3 BR, 4 BR, Apartments
AreaBusiness Bay
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 1.55M / year
Cash-on-Cash
2.2%
Levered cashflow AED 364,385
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 2.33M / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Vela Dorchester Collection launch basis39,889AED 35.90MCurrent launch / asking basis
Business Bay ready-stock comps1,900AED 1.71MIndicative resale benchmark
Business Bay premium peer launches2,350AED 2.12MNew-launch peer set
Trophy alternative proxy2,950AED 2.65MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Omniyat Properties.

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Payment Structure

25% down payment

Flexible Payment

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Amenities & Lifestyle

ATM Facility
Accessibility for people with disabilities
Broadband Internet
Concierge Service
Dining outlets (coffee houses & restaurants)
Indoor cinema
Kids Play Area
Laundry
Lift
Lobby
Resting Areas
Retail outlets
SPA
Shared Pool
Shared gym & fitness
Sitting Area
Social zone
Storage Areas

Location

Business Bay

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Business BayBusiness BayDubai, UAE

Developer Track Record

01

Vela Dorchester Collection by Omniyat Properties

02

Located in Business Bay

03

Starting from AED 35,900,000

04

Unit mix includes 3 BR, 4 BR, Apartments

05

Expected handover: Dec 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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