Vela By Omniyat

A complete view of unit availability, highlighting which units are sold and which are still on the market. Explore detailed unit specifications, pricing ranges, and market benchmarks to make informed buying or investment decisions.

View all projects by Omniyat
39
Total Units
25
Sold
AED 39,742,500
Median Price
AED 6,810
Median Price /sqft
Construction progress: 50%
Start: Oct, 2023Completion: Aug, 2026

Vela By Omniyat Price Ranges by Unit Size, Compared to Area Prices

BedUnitsSize RangePriceArea Price
Compares the Current Market median price per sqft in the project to the current median price per sqft in the area.

Position vs. Area

3 Beds234,250 sqft - 6,360 sqftAED 28.8M (6,770 /sqft)AED 2,430 /sqft
178.51
4 Beds147,260 sqft - 11,730 sqftAED 60.7M (8,240 /sqft)AED 2,560 /sqft
221.95
5 Beds122,990 sqft - 22,990 sqftAED 4,020 /sqft
0

Current market shows transactions from the past 365 days across both primary and resale sales, while Primary market includes only developer (first sale) transactions.

Property price over months

Median Property Prices Over Time

Available properties

Available properties are units not yet registered with the Dubai Land Department. Availability can change quickly and some units may already be reserved. Click “Check Availability” and we will confirm the latest availability with you.

BedsCategoryFloorSize Balcony
4Apartment, 10117,338 sqft226.69 sqft Check Availability
3Apartment, 1002106,047 sqft241.82 sqft Check Availability
4Apartment, 1101117,373 sqft230.26 sqft Check Availability
4Apartment, 1301137,373 sqft230.26 sqft Check Availability
3Apartment, 1401146,361 sqft285.25 sqft Check Availability
3Apartment, 1402146,047 sqft241.82 sqft Check Availability
4Apartment, 16011611,691 sqft564.37 sqft Check Availability
4Apartment, 16021611,048 sqft567.43 sqft Check Availability
4Apartment, 18011811,727 sqft675.01 sqft Check Availability
4Apartment, 2201228,462 sqft372.1 sqft Check Availability
5Apartment, 28012822,992 sqft922.19 sqft Check Availability
4Apartment, 50157,373 sqft230.26 sqft Check Availability
4Apartment, 70177,373 sqft230.26 sqft Check Availability
3Apartment, 80186,361 sqft285.25 sqft Check Availability
Commercial, R01684 sqft0 sqft Check Availability

Sold properties

BedsCategorySize BalconyFloorPricePrice /sqftDate
3Apartment6,361 sqft285.25 sqft 10AED 38,193,750AED 6,004 /sqft 19, Jan 2024
3Apartment4,257 sqft120.5 sqft 11AED 31,186,470AED 7,326 /sqft 19, Jan 2024
3Apartment6,047 sqft241.82 sqft 12AED 48,382,096AED 8,001 /sqft 17, Jan 2024
3Apartment6,361 sqft285.25 sqft 12AED 39,742,500AED 6,248 /sqft 19, Jan 2024
3Apartment4,257 sqft120.5 sqft 13AED 31,481,835AED 7,395 /sqft 01, Mar 2024
3Apartment4,253 sqft120.47 sqft 15AED 28,998,900AED 6,818 /sqft 09, Nov 2023
4Apartment7,264 sqft230.3 sqft 15AED 50,698,515AED 6,979 /sqft 14, Nov 2023
3Apartment6,302 sqft276.48 sqft 19AED 42,903,000AED 6,808 /sqft 20, Aug 2024
3Apartment5,988 sqft250.57 sqft 2AED 36,417,229AED 6,082 /sqft 26, Jun 2024
3Apartment6,302 sqft276.48 sqft 23AED 39,159,000AED 6,214 /sqft 19, Jan 2024
4Apartment8,462 sqft372.1 sqft 24AED 61,695,000AED 7,291 /sqft 19, Jan 2024
3Apartment6,302 sqft276.48 sqft 25AED 41,580,000AED 6,598 /sqft 11, Dec 2023
4Apartment8,462 sqft372.1 sqft 26AED 74,042,191AED 8,750 /sqft 21, May 2024
3Apartment6,302 sqft276.48 sqft 27AED 36,000,000AED 5,712 /sqft 17, Jan 2024
4Apartment7,351 sqft230.04 sqft 3AED 50,318,100AED 6,845 /sqft 10, Feb 2025

Vela By Omniyat Real Estate Data – FAQ

  • What is the current property supply in Vela By Omniyat?

    Vela By Omniyat has a total residential supply of approximately units. This represents completed and available inventory within the area.

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  • How active is the real estate market in Vela By Omniyat?

    Vela By Omniyat recorded 2 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

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  • What is the average price /sqft in Vela By Omniyat?

    The median transaction price in Vela By Omniyat is AED 7,500 /sqft , based on actual recorded sales transactions, not listing prices.

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  • What rental yield can investors expect in Vela By Omniyat?

    The gross rental yield in Vela By Omniyat is approximately %, calculated using median rental income divided by median sale prices for comparable properties.

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  • How much have property prices increased in Vela By Omniyat?

    Property prices in Vela By Omniyat have shown a capital appreciation of 9.61% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

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  • How many off-plan projects are currently in Vela By Omniyat?

    There are currently 1 active off-plan projects in Vela By Omniyat, reflecting strong developer activity and future supply pipeline.

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  • What is the future supply pipeline in Vela By Omniyat?

    The total off-plan pipeline in Vela By Omniyat includes approximately 39 units, which will significantly impact future supply and pricing dynamics.

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  • Is Vela By Omniyat a good area for property investment?

    Vela By Omniyat is considered a high-activity investment zone due to its strong transaction volume, competitive rental yield of around %, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

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  • Are these figures based on listing prices or real transactions?

    All pricing, rental yield, and appreciation figures are based on actual transaction data, not listing prices. This provides a more accurate reflection of true market behavior.

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  • How is capital appreciation calculated?

    Capital appreciation is calculated using the change in median price per square foot between two consecutive 12-month periods. This reflects market trends rather than changes in individual property values.

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  • What does rental yield represent?

    Rental yield represents the annual rental income as a percentage of the property's purchase price. In Vela By Omniyat, this is %, indicating relatively strong income performance compared to global markets.

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