50.03%complete

VELA by OMNIYAT

VELA by OMNIYAT is a building project in Business Bay, Dubai, by Downtown Creek Real Estate Development. The Dubai Land Department's register puts it at 50.03% complete.

The register gives no planned completion date for this project.

Register read Nov 7, 2026. Check it on the Dubai Land Department's site (search for project 2653), which also shows the latest inspection date and photos.

Facts

Status
Under construction
Official progress
50.03%, as published by the Dubai Land Department
Construction start
Jun 1, 2023
Units
39
Buildings
1
Developer
Downtown Creek Real Estate Development
Master developer
Business Bay
Community
Business Bay
Escrow bank
Abu Dhabi Commercial Bank
DLD project number
2653

The register describes it as: "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."

Progress as the register reported it

SinceProgressPlanned completion
Oct 29, 202650.03%

Each row is a value the register held from the date we first saw it. Offplan.tv has read the register daily since Oct 29, 2026, so earlier progress is not shown.

Off-plan sales registered

27 off-plan sales in VELA by OMNIYAT have been registered with the Dubai Land Department, worth AED 1.11 billion in all, the first on Nov 10, 2023 and the latest on Nov 3, 2026. 1 of them in the last 90 days. The median price over the last 12 months was AED 72,580 per square meter (AED 6,743 per square foot).

Sales registered through Nov 5, 2026, from DLD's transactions on data.dubai.

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