What is the asking price of this Vela residence?
The asking price is AED 41,000,000 for a 3-bedroom residence of 6,302 sq ft in Vela by Omniyat, Business Bay.
3-Bedroom Residence in Vela by Omniyat, Business Bay, Below Original Price
AED 41,000,000 was AED 41,600,000
| Deal type | Below OP |
| Price | AED 41,000,000 |
| Original price | AED 41,600,000 |
| Saving | AED 600,000 (1.4%) |
| Bedrooms | 3 |
| Size | 6302 sq.ft |
| Type | Apartment |
| Developer | Omniyat |
| Area / Master development | Business Bay |
| Sub-community / Phase | Vela |
| Community | Business Bay |
Property Overview
This 3-bedroom residence in Vela by Omniyat, Business Bay, Dubai, is offered at AED 41,000,000 for 6,302 sq ft of built-up area, or about AED 6,506 per sq ft. The asking price is AED 600,000 below the agent-stated original purchase price of AED 41,600,000, a 1.4% reduction, placing it in DPF's Below OP distress category.
Property Highlights
- Property type: Apartment
- Bedrooms: 3
- Built-up area: 6,302 sq ft
- Asking price: AED 41,000,000
- Original price (agent-stated): AED 41,600,000
- Saving versus original price: AED 600,000 (1.4%)
- Asking rate: approximately AED 6,506 per sq ft
- Project: Vela
- Developer: Omniyat
Why the Price Qualifies as Below OP
The listing is classified as Below OP because the asking price of AED 41,000,000 is lower than the original purchase price of AED 41,600,000 stated in the agent's brief. The difference is AED 600,000, or 1.4% of the original price.
The original price comes from the agent's brief received on 26 October 2026 and has not yet been checked against the SPA or DLD records. The comparison reflects what the seller originally paid; it is not a claim that the residence is below current market value.
About the Project, Developer and Community
Vela is an ultra-luxury residential development by Omniyat in Business Bay, on the Dubai Water Canal. Business Bay is one of Dubai's central mixed-use districts, next to Downtown Dubai and the Burj Khalifa.
Layout, Floor and View
The agent confirms a 3-bedroom residence of 6,302 sq ft. Floor, view, bathrooms, parking, outdoor space and furnishing were not supplied. Ask the DPF team for the floor plan and specification.
Payment Plan and Handover
Handover status, payment plan and amount paid were not supplied. Confirm these, along with transfer fees, against the SPA and Omniyat's statement of account before making an offer.
Location and Connectivity
Business Bay has direct road access to Sheikh Zayed Road, Al Khail Road and Al Asayel Street and is served by Business Bay station on the Dubai Metro Red Line. Travel times vary with traffic and are not quoted here.
Verification Notes
- Agent-supplied facts: Vela by Omniyat, Business Bay, 3-bedroom residence, 6,302 sq ft, original price AED 41,600,000 and asking price AED 41,000,000.
- DPF-calculated figures: AED 600,000 (1.4%) below the original price and approximately AED 6,506 per sq ft.
- Not yet verified: SPA or DLD record of the original price, handover status, payment details, floor, view, bathrooms, parking and service charges.
Frequently asked questions
How much below the original price is it?
The agent-stated original price is AED 41,600,000, so the asking price is AED 600,000 lower, a reduction of 1.4%.
What is the price per square foot?
At AED 41,000,000 for 6,302 sq ft, the asking rate is approximately AED 6,506 per square foot.
Who developed Vela?
Vela is an ultra-luxury residential development by Omniyat on the Dubai Water Canal in Business Bay.
Has the original price been verified?
Not yet. It comes from the agent's brief and should be checked against the SPA before committing.
Buyer costs
What you will pay
Dubai transfer costs for an ready unit. Every figure editable — NOC is set by the developer and varies.
Status not confirmed for this unit. It changes the NOC and trustee fees — confirm before relying on the total.
AED
| Sale price | — |
| DLD transfer fee | — |
| NOC fee | — |
| Trustee / registration | — |
| Agency fee | — |
| VAT on agency (5%) | — |
Total cost
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Full payment schedule and unit details are released to qualified buyers on enquiry.
Indicative only and not a quotation. Excludes any balance payable to the developer, mortgage arrangement costs and service charges.
Finance
Mortgage estimate
Indicative monthly repayment on a UAE bank mortgage.
AED
| Down payment | — |
| Loan amount | — |
| Total interest | — |
| Total repaid | — |
Monthly payment
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Indicative only, not an offer of finance and not advice. UAE loan-to-value caps depend on residency, property value and whether it is your first purchase, with tighter limits on off-plan. Rates move; confirm current terms with your bank or broker.
Read our full property verification methodology →
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