Property Overview
A 2-bedroom apartment in Vela Viento, Dorchester Collection by Omniyat, Business Bay at AED 16,400,000 for 2,852 sqft, equalling AED 5,749 per sqft. 13.8% below the original price of AED 19,029,324, saving AED 2,629,324. Floors 10 to 15 (Viento Residences tier). Burj Khalifa and canal view. Furnished with bespoke interiors by Gilles and Boissier. Off-plan with handover Q3 2027. The seller cannot continue the payment plan.
Property Highlights
- Type: 2-bedroom apartment (ultra-luxury, Dorchester Collection branded)
- Size: 2,852 sqft
- Asking price: AED 16,400,000
- Original price: AED 19,029,324
- Saving: AED 2,629,324 (13.8%)
- Rate: AED 5,749 per sqft
- Floor: 10 to 15 (Viento Residences tier)
- View: Burj Khalifa and Dubai Water Canal
- Furnished: Yes (Gilles and Boissier)
- Handover: Q3 2027 (September 2027 per developer; agent says Q2 2027)
- Architecture: Foster + Partners
Below OP Analysis
The asking price of AED 16,400,000 is AED 2,629,324 (13.8%) below the stated OP of AED 19,029,324. Including the 4% DLD fee (AED 761,173), the seller's total loss is approximately AED 3,390,497 (16.2% of total investment). The seller explicitly cannot continue the payment plan. The payment structure is 5% booking, 55% construction, 40% on handover.
DLD Transactions (2BR)
- AED 17,417,695 for 2,792 sqft (February 2026) = AED 6,238 per sqft
- AED 21,259,991 for 3,771 sqft (January 2026) = AED 5,638 per sqft
- AED 19,000,000 for 3,779 sqft (March 2026) = AED 5,028 per sqft
At AED 5,749 per sqft, this listing sits within the DLD range. The February 2026 transaction for a similar-size 2BR (2,792 sqft) at AED 17.42M (AED 6,238 per sqft) was 8.5% higher per sqft. PropSearch reports a building-wide range of AED 5,040 to AED 7,100 per sqft across 40 sales.
Competing Listing
A 2BR at 2,792 sqft in Vela Viento is listed on Property Finder at AED 14,999,999 (AED 5,376 per sqft), marketed as Below OP Urgent Sale. This is AED 1,400,001 less than the subject unit for a layout that is 60 sqft smaller. The per sqft difference is AED 373 (5,749 vs 5,376). The competing unit may differ in floor level, view orientation or interior finish, but the price gap is notable. Buyers should compare both units directly.
Burj Khalifa and Canal View
Vela Viento sits on the Marasi Bay waterfront in Business Bay, approximately 1.7 km from Burj Khalifa. The Dubai Water Canal runs directly alongside the building. Canal views are virtually guaranteed from waterfront-facing units on any floor. Burj Khalifa views from floors 10 to 15 (approximately 30 to 50 metres up) depend on the unit's orientation and intervening buildings. Multiple listings for Viento Residences (the lower tier) advertise Burj views, which suggests the sightline exists but may be partially framed rather than fully panoramic. Upper Horizon Residences (from 100 metres up) would have cleaner Burj views.
Furnished by Gilles and Boissier
Vela Viento units are delivered with bespoke interiors by Parisian design house Gilles and Boissier. This is developer-standard furnishing, not seller-added. The furnishing and finishing quality is part of the Dorchester Collection brand specification. Confirm with the agent that the original furnishing package is intact and has not been modified.
About Vela Viento
A 42-storey ultra-luxury residential tower by Omniyat on Marasi Bay, Business Bay. Part of the VELA Dorchester Collection Dubai development. Architecture by Foster + Partners. Approximately 95 units divided into: Viento Residences (60 units across 18 lower floors, nearest the water), Horizon Residences (31 units across 18 upper floors from approximately 100 metres), 3 Skybridge Duplexes (spanning 6 floors connecting to the adjacent VELA tower) and a Celestial Penthouse. Dorchester Collection services include 24-hour concierge, valet, housekeeping, in-residence dining, car care and porter service. Amenities: sky deck with infinity pool and gym at approximately 100 metres, indoor lap pool, private spa, cinema, padel court, private jetty and Sunset Park. Golf cart shuttle to The Lana hotel (0.3 km, connected by waterfront promenade).
About Omniyat
A premier ultra-luxury developer in Dubai, founded by Mahdi Amjad. Portfolio includes One at Palm Jumeirah, The Lana Dorchester Collection (hotel and residences), The Vela Dorchester Collection, AVA and Orla at Palm Jumeirah. A penthouse at The Lana sold for AED 139 million, the highest transaction in the Burj Khalifa district. Omniyat projects are designed by leading architects including Foster + Partners and Zaha Hadid Architects. The Marasi Bay precinct is Omniyat's waterfront masterplan within Business Bay.
Investment Considerations
At AED 16,400,000, this is a capital appreciation and lifestyle asset. Ultra-luxury branded residences in Dubai yield 2% to 3% gross. Dorchester Collection service charges are estimated at AED 25 to AED 40 per sqft annually (AED 71,300 to AED 114,080 per year for 2,852 sqft). The 40% handover payment (approximately AED 7,612,000 based on the OP) is significant. The buyer pool for AED 16M+ apartments is narrow, and resale liquidity can be limited. However, Omniyat's track record and the Dorchester Collection brand command a premium in the luxury segment.
Verification Notes
The asking price, OP, size, floor range, Burj and canal view, furnished status and payment difficulty are from the agent brief. The 2,852 sqft matches the smallest 2BR layout per developer data. The 13.8% saving is verified (2,629,324 divided by 19,029,324). The OP of AED 19,029,324 is plausible given the DLD transaction of AED 17,417,695 for 2,792 sqft (February 2026). Handover is Q3 2027 per the developer (September 2027); the agent's Q2 2027 is slightly optimistic. A competing 2BR at AED 14,999,999 for 2,792 sqft exists on Property Finder. Remaining payment plan obligations (55% construction, 40% handover) and Omniyat NOC requirements should be confirmed.
