Vela Viento by Omniyat

1. Is it on schedule?9% built in July 2026 against a May 2027 handover: 91% left to build in 10 months · DLD project register, Jul 20269%Context
2. Is my money protected?Payments go to an escrow account at بنك دبي التجاري (ش.م.ع), as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 6,069/sqft, 126.0% above the Business Bay off-plan median across 47 projects+126.0%Context
4. Is it selling?11 off-plan sales registered in the last 12 months, of 95 units; the latest on 6 Aug 202611Context
5. Who is building it?The register names the master developer, Business Bay LLC; the builder is not recordedNo record

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

بنك دبي التجاري (ش.م.ع)

Master developer

Business Bay LLC

Registered start

January 2024

Configuration

Proposed Tower 3B + G + 41 Floors + Roof. The project designed to have a concrete structure and block with internal and external finishes.

Construction progress is the percentage DLD recorded in its project register as of July 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

When will Vela Viento by Omniyat be completed?

The developer registered handover for May 2027, 10 months after DLD’s latest record, and the project was 9% built as of July 2026. A registered date is the developer’s own, not a delivery forecast. Dubai Land Department project register as of July 2026.

What does Vela Viento by Omniyat cost per square foot?

AED 6,069 per sqft, the median of 11 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 23.52M. That is 126.0% above the Business Bay off-plan median across 47 projects.

Is Vela Viento by Omniyat in escrow?

Yes: the Land Department register names بنك دبي التجاري (ش.م.ع) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of Vela Viento by Omniyat?

The register names the master developer, Business Bay LLC, which owns the land; the company building the project is not recorded. Dubai Land Department project register as of July 2026.

How many units does Vela Viento by Omniyat have?

95 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.