Off-Plan · Branded residencesDLD Escrow MandatoryVisuals Are Developer Architectural Renders

VELA

Name: SWK Properties
Address: Al Saqr Business Tower, Sheikh Zayed Road, Dubai, AE
Telephone: +971 56 433 0448

Developer: OmniyatCommunity: Business Bay

Starting Price & Allocations

Indicative · On Request

Confirmed live from Omniyat inventory sheet + 4% DLD Oqood fee

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VELA · Developer Architectural Render 1

VELA · Developer Architectural Render 2

Development Overview & Masterplan Context

A Dorchester Collection residential tower in Business Bay, with the hospitality brand's concierge and design standards.

Positioned within Business Bay and delivered by Omniyat, VELA forms part of the developer's Branded residences portfolio. SWK Properties provides independent buyer representation, unit comparison across floor plates, SPA review coordination, and DLD Oqood registration support.

Construction & Booking StatusOff-Plan Release · Allocations Checked on Request

Handover Date & SourcePer Official Omniyat SPA Schedule

Payment Plan StructureConstruction-Linked Milestone Schedule (+ 4% DLD Fee)

Buyer Agency Commission0% Commission on Direct Developer Allocations

Escrow-Linked Instalment Structure

How Payments Work for VELA

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Milestone Stage	Typical Allocation	Regulatory Safeguard
1. Reservation & SPA Signing	10% – 20% Down Payment + 4% DLD Oqood Fee	Paid to Omniyat DLD RERA Project Escrow Account
2. Construction Instalments	40% – 60% across certified build stages	Released only against DLD engineer progress certification
3. Completion & Key Handover	20% – 40% on Building Completion Certificate (BCC)	Includes pre-handover snagging inspection & Title Deed issuance

DLD Project Escrow & Availability Disclaimer (§09)

All off-plan developments in Dubai are regulated under Dubai Law No. 8 of 2007 Concerning Escrow Accounts for Real Estate Development. Before you sign a reservation form or transfer any funds for VELA, your SWK Properties consultant provides the official DLD project registration sheet, escrow account IBAN details, and unit-specific floor plan.

Render & Specification Notice: Visuals on this page are artistic impressions and architectural renders supplied by Omniyat. Final layouts, unit areas, views, service charges, and completion dates are governed exclusively by the executed Sales & Purchase Agreement (SPA).

Verify Project Status on dubailand.gov.ae Inspect Omniyat Track Record (7 Projects)

RERA Licensed Desk · ORN 51517

Request VELA Brochure & Floor Plans

Receive the official Omniyat brochure, masterplan PDF, payment schedule, and live unit availability.

Enquiring on: VELA by Omniyat · Ref: OFFPLAN-VELA

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+971 56 433 0448

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