VELA by OMNIYAT — construction progress, handover & off-plan prices

Construction: 12%; DLD register, July 2026
Planned handover: —
Titles issued: 0%; 0 of 38 — issued at handover
Off-plan price: 6,789AED/sqft; 26 off-plan sales, 24 months
Against the locality: +238.51%; off-plan psf vs Business Bay, 110 projects, same 24 months

Registered to Business Bay LLC — see every project on its delivery record.

Construction progress is the percentage DLD inspected and recorded in its project register as of July 2026. The register publishes about two months behind sale records, so this figure is older than the sales data on this site, and it is dated separately for that reason.

Unit mix

From the title register. A unit counts as registered once DLD has issued its title, which for an off-plan project happens at handover — so a live project shows few or none regardless of how many units the developer has sold. The unregistered remainder is not the same as being for sale. Balcony area is a median 43.11% of unit area across the units that register both.

Type	Units	Titles issued	Size, sqft
3 bed	23	00%	4,257–6,361
4+ bed	15	00%	7,343–11,713

Sizes are the 10th to 90th percentile of registered floor area, not the extremes: one mislabelled unit would otherwise set the range.

As registered

Escrow agent: بنك ابوظبى التجارى
Developer, as registered: الخليج التجاري (ش.ذ.م.م)
Registered start: June 2023
Configuration: 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.

The developer name is held in Arabic in the register and shown as recorded. Off-plan price is the median of registered off-plan sales across this project's published buildings, 24 months to 2026-08-26; median unit AED 39.45M.

VELA by OMNIYAT, off-plan

Unit mix

As registered

Off-plan record for VELA by OMNIYAT