Sold Prices · DLD Data
Vela By Omniyat
Business Bay, Dubai · Business Bay
AED 7,045
Avg Price / sqft
AED 43M
Avg Sale Price
3
DLD Sales Recorded
1.6%
Est. Gross Yield
Market snapshot
Vela By Omniyat — the numbers
Vela By Omniyat is a residential building in Business Bay, Dubai with approximately 39 units. Dubai Land Department records show 3 sales in the building, at an average price of AED 43M — around AED 7,045 per square foot.
Since April 2026, 3 sales completed in Vela By Omniyat, with the average price per square foot moving from AED 7,503 to AED 6,130 (-18.3%). That softening can open negotiating room for buyers.
Benchmarked against average residential rents in Business Bay, a typical unit in Vela By Omniyat returns an estimated 1.6% gross rental yield before service charges — a useful starting point for investors comparing towers across Business Bay.
Figures are from Dubai Land Department transaction records for Vela By Omniyat; individual units vary by floor, view and finish. Gross yield is estimated against average Business Bay residential rents, before service charges.
Price trend
Price trend in Vela By Omniyat
Average sale price per sqft by month since April 2026-18.3%
Unit types
Prices by unit type
3 Bed
AED 34M
AED 6,450/sqft
2 sales · last 12 months
4 Bed
AED 61M
AED 8,236/sqft
1 sale · last 12 months
Transactions
Recent sold prices
| Date | Type | Beds | Size (sqft) | Price | AED/sqft |
|---|---|---|---|---|---|
| 02 Nov 2026 | Sales | 3 | 6,361 | AED 39M | AED 6,130 |
| 27 Apr 2026 | Sales | 4 | 7,373 | AED 61M | AED 8,236 |
| 07 Apr 2026 | Sales | 3 | 4,257 | AED 29M | AED 6,769 |
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About the area
Vela By Omniyat is in Business Bay
Business Bay is a dynamic urban community situated adjacent to Dubai's iconic Downtown, catering primarily to professionals and expatriates seeking an engaging city lifestyle. This strategically located area runs alongside the picturesque Dubai Canal, offering residents breathtaking waterfront views and a vibrant atmosphere that harmoniously blends work and leisure.
Explore the Business Bay area guideNearby
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FAQ
Vela By Omniyat: frequently asked questions
What is the average price in Vela By Omniyat?
The average recorded sale price in Vela By Omniyat, Business Bay is AED 43M, around AED 7,045 per square foot, based on Dubai Land Department transaction data.
Are prices in Vela By Omniyat going up or down?
Average sale prices in Vela By Omniyat have eased -18.3% per square foot since April 2026, across 3 DLD-recorded sales.
What rental yield can I expect in Vela By Omniyat?
Based on average Business Bay residential rents against sale prices in the building, a typical unit in Vela By Omniyat yields roughly 1.6% gross per year, before service charges and fees.
How many properties have sold in Vela By Omniyat?
3 sales have been recorded in Vela By Omniyat according to DLD data, across approximately 39 units.
Considering Vela By Omniyat?
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