Instalment | Payment | Milestone |
On Booking | 5% | June 2023 |
1st Installment | 20% | On SPA |
2nd Installment | 10% | After one year from SPA |
3rd Installment | 5% | 18 Months from SPA |
4th Installment | 5% | 24 Months from SPA |
5th Installment | 5% | 30 Months from SPA |
6th Installment | 10% | 36 Months from SPA |
On Handover | 40% | Q4 2026 |
Welcome to Vela Residences at Business Bay, Dubai, an exceptional residential development by Omniyat, offering luxurious apartments for sale. Nestled in the heart of one of Dubai’s most prestigious locations, Vela epitomizes modern living, offering a harmonious blend of convenience, style, and comfort. With its prime location, breathtaking views, and world-class amenities, Vela sets a new standard for contemporary urban living in the vibrant city of Dubai.
Rising at 150-metre-tall, Vela provides a gross floor area of 272,860 sq. ft. spread over 30 floors. The 38 residences range in size from 4,253 sq. ft. to 11,727 sq. ft. and encompass sumptuous penthouses and three- and four-bedroom properties, some with double height living spaces and private terrace pools. The tower is crowned by the Sky Palace which covers 22,992 sq. ft. spread over 3 floors with two swimming pools, grand terraces, a private gym and majlis.