
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.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Vela Dorchester Collection launch basis | 39,889 | AED 35.90M | Current launch / asking basis |
| Business Bay ready-stock comps | 1,900 | AED 1.71M | Indicative resale benchmark |
| Business Bay premium peer launches | 2,350 | AED 2.12M | New-launch peer set |
| Trophy alternative proxy | 2,950 | AED 2.65M | Higher-end anchor for negotiation context |

























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Astraterra Properties
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Business Bay
Vela Dorchester Collection by Omniyat Properties
Located in Business Bay
Starting from AED 35,900,000
Unit mix includes 3 BR, 4 BR, Apartments
Expected handover: Dec 2027
Official brochure and PDF marketing materials available
Official render/gallery images available
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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