DLD project no. 2653Under construction39 units
VELA by OMNIYAT فَلّا من أمنيات 50% built (DLD register as of 1 November 2026) · no DLD end date registered DLD register as of 1 November 2026. The end date is the one registered with DLD, not a handover forecast.
CompletionDLD readings of % built, beside the share of the planned period gone
% built
1 November 2026| Date | % built | Source |
|---|---|---|
| 10 September 2026 | 50% | DLD inspection |
| 17 March 2026 | 28.8% | DLD inspection |
| 24 October 2025 | 19% | DLD inspection |
| 11 June 2025 | 11.6% | DLD inspection |
| 27 January 2025 | 7.4% | DLD inspection |
| 22 May 2023 | 0% | DLD inspection |
Source: Dubai Land Department projects register, as of 1 November 2026. Earlier readings: archived DLD projects exports of 12 May 2024. Source: Dubai Land Department, Project Status inspections (dates and % only), collected on 7 November 2026. DLD Project Status ↗
Our completion calculation
Our calculation from DLD readings. It describes the recent pace only; it is not a forecast of the completion date.
Site timeline
± 6 monthsOur imagery reading holds no milestone for this project yet.
Our reading of historical satellite imagery
Changes in the DLD register
Source: DLD projects register exports, compared by CraneScore. Dates and progress are those in the Dubai Land Department projects register on each register date, not inspection dates. DLD can revise the end date; we keep every register reading from 28 October 2026 on and list the changes here.
Inspection photos and reports
DLD’s Project Status service (Mashrooi) shows inspection details and site photos. Look the project up by its number.
CraneScore links to DLD and does not copy or host its photos or reports.
DLD registration
DLD services ↗Also registered: shops and showrooms 1.
Counts from DLD's units register; villas from its buildings register. Sizes: the middle half of the homes' registered areas (25th to 75th percentile), villas by built-up area. Source: Dubai Land Department open data (units and buildings registers, export of 5 November 2026), under the Dubai Data Open Data Licence.
Description in the DLD register: Proposed Tower 4B+G+30 floors + Retail B03 1 unit.The project designed to have a concrete structure and block with internal and external finishes.
DLD's own services for this project, including the Dubai REST app: dubailand.gov.ae
Price historyRegistered sale prices for this project, in AED per sq ft, with the number of sales in each figure.
AED · sqft
Fewer than 5 home sales after the launch window in the last 12 months, so no comparison is shown.
Dubai Statistics Center residential price index (flats), 2023-Q4 to 2026-Q2: +15.7%.
Prices are over apartments, the type most sales in this project are.
Launch price: median AED/sqft of the project's off-plan home sales in the 90 days from its first one, for a first sale on or after 1 March 2020; Skyline Index uses the same rule. Latest: home sales of the last 12 months after the launch window, ready and off-plan; the change compares the same home types. The bedroom table compares the launch window with the last 6 months (12 when 6 have fewer than 5 sales). Off-plan registrations include developer sales and resales; DLD open data does not tell them apart. Sales more than 4 times off the median are left out.
Median AED/sqft by quarter
2023-Q4 → 2026-Q4| Quarter | Registered sales | Median AED/sqft | DLD area Business Bay |
|---|---|---|---|
| 2023-Q4 | 6 (off-plan 6, ready 0) | 6,704 | 2,281 |
| 2024-Q1 | 12 (off-plan 12, ready 0) | 6,248 | 2,406 |
| 2024-Q2 | 3 (off-plan 3, ready 0) | — | 2,694 |
| 2024-Q3 | 1 (off-plan 1, ready 0) | — | 2,740 |
| 2025-Q1 | 1 (off-plan 1, ready 0) | — | 2,525 |
| 2026-Q1 | 1 (off-plan 1, ready 0) | — | 2,835 |
| 2026-Q2 | 2 (off-plan 2, ready 0) | — | 2,572 |
| 2026-Q4 | 1 (off-plan 1, ready 0) | — | 2,535 |
Median AED/sqft of registered sales per quarter (apartments). Source: DLD. Grey dashed line: DLD area Business Bay, median AED/sqft of off-plan sales of apartments by quarter. A quarter with fewer than 5 sales is left as a gap. The last quarter runs to 5 November 2026.
Registered sales per quarter
| Quarter | Registered sales | Median AED/sqft | DLD area Business Bay |
|---|---|---|---|
| 2023-Q4 | 6 (off-plan 6, ready 0) | 6,704 | 2,281 |
| 2024-Q1 | 12 (off-plan 12, ready 0) | 6,248 | 2,406 |
| 2024-Q2 | 3 (off-plan 3, ready 0) | — | 2,694 |
| 2024-Q3 | 1 (off-plan 1, ready 0) | — | 2,740 |
| 2025-Q1 | 1 (off-plan 1, ready 0) | — | 2,525 |
| 2026-Q1 | 1 (off-plan 1, ready 0) | — | 2,835 |
| 2026-Q2 | 2 (off-plan 2, ready 0) | — | 2,572 |
| 2026-Q4 | 1 (off-plan 1, ready 0) | — | 2,535 |
Registered sales per quarter, off-plan and ready units. Source: DLD.
Rents in DLD area Business Bay
New Ejari rent contracts for apartments across DLD area Business Bay, 12 months to 5 November 2026, against the 12 months before: the rent level around this project. No yield is shown before the project is completed.
| Bedrooms | Median annual rent | New contracts | Change on a year earlier |
|---|---|---|---|
| Studio | AED 65,000 | 3,188 | -7.1% |
| 1 BR | AED 90,000 | 5,050 | -5.3% |
| 2 BR | AED 135,000 | 2,535 | -3.6% |
| 3 BR | AED 185,000 | 607 | -7.5% |
| 4 BR | AED 300,000 | 62 | -3.2% |
New single-unit contracts only; renewals and contracts over several units are left out. A bedroom count shows from 5 contracts, a change needs 5 in both years and a yield 10 ready sales.
Source: Dubai Land Department open data (Ejari rent contracts and registered sales), under the Dubai Data Open Data Licence.
Service charges
What owners pay a year in completed buildings of the project’s master community, from their owners’ association budgets. A building’s own charge is set by its own budget.
Median AED per sq ft a year of residential owners’ association budgets, each development counted once, in the newest budget year with at least 10 developments. Plots, shared areas and hotel rooms are left out. A budget is not any one owner’s bill.
Source: Dubai Land Department, owners’ association budgets (service charges).
Registered sales
The newest sales DLD has registered in this project, as DLD publishes them.
| Date | Market | Type | Size (sqft) | Price (AED) | AED/sqft |
|---|---|---|---|---|---|
| 3 November 2026 | off-plan | Apartment · 3 BR | 6,361 | 38,997,126 | 6,131 |
| 27 April 2026 | off-plan | Apartment · 4 BR | 7,373 | 60,730,110 | 8,237 |
| 7 April 2026 | off-plan | Apartment · 3 BR | 4,257 | 28,813,500 | 6,768 |
| 5 February 2026 | off-plan | Apartment · 3 BR | 6,047 | 40,615,452 | 6,717 |
| 11 February 2025 | off-plan | Apartment · 4 BR | 7,351 | 50,318,100 | 6,845 |
| 20 August 2024 | off-plan | Apartment · 3 BR | 6,302 | 42,903,000 | 6,808 |
| 26 June 2024 | off-plan | Apartment · 3 BR | 5,988 | 36,417,229 | 6,082 |
| 27 May 2024 | off-plan | Apartment · 3 BR | 6,047 | 44,602,500 | 7,376 |
| 22 May 2024 | off-plan | Apartment · 4 BR | 8,462 | 74,042,191 | 8,750 |
| 1 March 2024 | off-plan | Apartment · 3 BR | 4,257 | 31,481,835 | 7,395 |
Each sale as DLD registers it. Off-plan registrations include developer sales and resales, which DLD open data does not tell apart. DLD publishes no buyer or seller names. Shown on this page only, not as a download.
Source: Dubai Land Department open data, published on Dubai Data under the Dubai Data Open Data Licence. DLD Transactions dataset · Licence
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Estimated value range
Not enough registered off-plan sales for an estimate (at least 5 of one bedroom count in 12 months).
Automated estimate from registered off-plan sales (developer sales and resales mixed); not a valuation by a registered valuer; not for mortgage or court use.
Payment scenarioEnter the developer’s plan to see what you pay and when. DLD has no end date for this project, so handover starts a year from now; move it with the slider.
A scenario from your own inputs, not this project's verified payment plan.
Common plans
Plan shares add up to 100% (must be 100%).
Payments per quarter
AED| Quarter | Paid |
|---|---|
| 2026-Q4 | AED 245,000 · AED 245,000 paid so far |
| 2027-Q1 | AED 100,000 · AED 345,000 paid so far |
| 2027-Q2 | AED 200,000 · AED 545,000 paid so far |
| 2027-Q3 | AED 100,000 · AED 645,000 paid so far |
| 2027-Q4 | AED 400,000 · AED 1,045,000 paid so far |
Payments per quarter, AED, fees included. Illustration from your inputs.
The DLD fee (4% of the price) and the fees above are paid at booking. With a resale price, the unit is sold at handover and the buyer takes over any unpaid balance; agent fees, mortgage costs and service charges are left out. An illustration from your inputs, not financial advice.
Mortgage for a unit here
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LocationBusiness Bay · Dubai Municipality community
Places near the project
Straight-line distances from the project’s map pin, rounded to 10 m. The nearest place of each kind.
School ratings: KHDA’s school directory ↗ · Report a wrong location
Dubai Municipality · Makani · © OpenStreetMap contributors · RTA
New homes within 1.5 km
Open projects within 1.5 km of the pin: 27, with 7,299 units and villas.
| DLD end year | Projects | Units and villas |
|---|---|---|
| 2023 | 1 | 145 |
| 2025 | 3 | 105 |
| 2026 | 5 | 1,385 |
| 2027 | 11 | 2,770 |
| 2029 | 2 | 694 |
| 2030 | 2 | 676 |
| 2031 | 1 | 484 |
| No end date | 2 | 1,040 |
Open projects within 1.5 km of the pin, by DLD end year Highlighted: this project’s DLD end year.
Open projects in Business Bay: 52
Open projects in the same DLD area, by registered sales in 24 months.
| Project | Built | DLD end date | AED/sqft, 12 mo | Sales, 24 mo |
|---|---|---|---|---|
| Binghatti Skyrise | 35.9% | Dec 2026 | 3,040 | 3,281 |
| Binghatti Aquarise | 21% | Oct 2026 | 2,621 | 1,348 |
| Al Habtoor Tower | 90% | Dec 2026 | 2,771 | 779 |
| Bayz 102 By Danube | 6.5% | Dec 2029 | 3,060 | 724 |
| Binghatti Skyhall | 31.1% | Aug 2026 | 2,430 | 648 |
| One by Binghatti | 50.2% | May 2026 | 2,921 | 574 |
| Downtown Residences | 1.3% | Dec 2030 | 2,766 | 401 |
| Onda By Kasco | 61.1% | Aug 2027 | 1,820 | 299 |
| Tiger Sky Tower | 10.2% | — | 2,142 | 296 |
| Rove Home Marasi Drive | 10% | Aug 2027 | 3,299 | 283 |
| One.B Tower | 10.1% | Dec 2028 | 2,725 | 180 |
| One River Point | 35.4% | Jun 2027 | 2,643 | 175 |
AED/sqft: median of the project’s registered home sales in the last 12 months, ready and off-plan; a dash with too few sales.
Developer in DLD data Downtown Creek Real Estate Development L.L.C · DLD developer no. 1468
Source: DLD projects register, export of 1 November 2026. Medians: our calculation, 3 projects or more.
Other projects in Business Bay
DLD lists 150 projects in the master project Business Bay.
Questions about VELA by OMNIYAT
When is VELA by OMNIYAT's handover?
DLD lists no end date for it (register of 1 November 2026); the SPA sets the handover terms.
How far along is VELA by OMNIYAT?
50% built in the DLD register of 1 November 2026.
Who is the developer of VELA by OMNIYAT?
Downtown Creek Real Estate Development L.L.C, as registered with DLD.
What is the DLD project number of VELA by OMNIYAT?
2653.
Source: Dubai Land Department open data: projects register (export of 1 November 2026) and registered sales to 5 November 2026; Dubai Statistics Center price index. Methodology · Report a data error