Palm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,524/sqftDubai Maritime City AED 3,152/sqftDowntown Dubai AED 2,905/sqftDubai Islands AED 2,770/sqftDubai Creek Harbour AED 2,563/sqftBusiness Bay AED 2,509/sqftDubai Marina AED 2,481/sqftDubai Hills Estate AED 2,448/sqftJumeirah Lakes Towers AED 2,306/sqftMohammed Bin Rashid City AED 2,097/sqftAl Jaddaf AED 2,049/sqftJumeirah Village Triangle AED 1,665/sqftDubai South AED 1,652/sqftArjan AED 1,584/sqftJumeirah Village Circle AED 1,491/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026

Dubai Land Department register

VELA by OMNIYAT

Under constructionBusiness Bay

39 homes on the DLD register in Business Bay, filed by Downtown Creek Real Estate Development L.L.C. 27 sales have been registered against it between 29 Nov 2022 and 27 Apr 2026.

Construction completeUnder construction

Recorded at DLD's site inspection of 10 Sep 2026. That is an inspector's last visit, not today — the site has moved on since.

Developer entityDowntown Creek Real Estate Development L.L.C
Area (DLD)Business Bay
StatusUnder construction
Homes39
Registered sales27
Project registry

THE DLD RECORD

Registry as at 4 Oct 2026
Registered developer entityDowntown Creek Real Estate Development L.L.C
Area (DLD)Business Bay
Master communityBusiness Bay
Project statusUnder construction
Construction progress50.03% complete (DLD inspection, 10 Sep 2026)
Homes registered39
Buildings1
Registered start1 Jun 2023
Registered completion date—
DLD project number2653
Description as recorded by DLD

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.

Reproduced from the register verbatim, including its own abbreviations. It is the developer’s filed description, not our assessment of the project.

Project escrow account
Escrow trustee bankAbu Dhabi Commercial Bank
Escrow account12742165920002

Under Dubai Law No. 8 of 2007 every payment on a registered off-plan project goes into that project’s escrow account, held at a DLD-approved trustee bank and released to the developer against verified construction progress — not to the developer direct and not to a broker. Check these details in DLD’s own Dubai REST app against the project number above before you transfer anything, and treat any account number that differs from the one DLD shows as a reason to stop. Substituted account details are a known fraud in this market. Reproduced from the DLD register as at 4 Oct 2026; account details can change, and DLD’s record is the authority, not this page.

Source: Dubai Land Department project register. The developer, area, counts and filed dates are as recorded at 4 Oct 2026; the project status and escrow details as at 4 Oct 2026. Construction progress carries the date of the DLD site inspection that produced it, which is a different date again and is stated on the row — where the register holds no dated inspection, no percentage is published rather than an undated one. “Registered completion date” is the completion date on file at DLD; it is a date on record, not a guarantee of handover, and where that date has already passed it means only that the register has not been updated, not that the project handed over. Homes counted as registered apartments plus registered villas. Figures on this panel are the registry’s, and are stated as at different dates from the transaction figures elsewhere on the page.

Registered sales

REGISTERED SALE PRICES

DLD register · as at 5 Oct 2026

27 sales were registered against Vela by Omniyat between 29 Nov 2022 and 27 Apr 2026 — a span of 41 months. Those are completed registrations at the Dubai Land Department, not asking prices or listings.

Median AED/sqft
6,769
Across 3 apartment and villa sales since 28 Apr 2025 — a small sample
Median price
AED 40.6m
Median size 6,047 sqft
Registered sales
27
29 Nov 2022 to 27 Apr 2026
Area median AED/sqft
2,697
Business Bay: 3,157 sales, off-plan only, 12 months to 5 Oct 2026

The two figures behind that percentage are not drawn on the same population. This project’s median covers every registration type across the whole register we hold (28 Apr 2025 to 5 Oct 2026). The area figure covers off-plan only in Business Bay over the 12 months to 5 Oct 2026, pooled on the transaction register’s own area name, which does not always match the project register’s name shown above. Unit mix, floor level and view are not controlled for on either side, and neither is use class: DLD registers offices and shops as units, so registered retail and office sales are pooled into both figures, and retail trades at a materially higher rate per square foot than residential stock in the same building. In sectors where commercial space is a large share of what registers, the area figure sits well above the residential rate. Read it as an indication of where this project sits in its area, not as a like-for-like comparison.

3 registered sales since 28 Apr 2025. The medians above rest on 3 deals since 28 Apr 2025, which is fewer than 10: read them as those sales, not as the going rate. Every registration is listed below.
Median AED/sqft by quarter
6,717Q1 2026n=17,503Q2 2026n=2

A quarter with fewer than 20 registered sales is drawn hollow, with its sale count underneath. The change between quarters is quoted only between quarters that reached 20. Points are spaced evenly rather than by date.

By unit size
TypeSalesMedian sizeMedian AED/sqft
3 bedrooms25,152 sqft6,743
4 bedrooms17,373 sqft8,236

Every band shows its median with its sale count. A band with fewer than 5 registered sales is shown in a lighter tone: read it as those sales, not as the rate for that unit type.

Registration timing
Registration typeSalesMedian AED/sqft
Registered before completion36,769
Registered after completion0—

DLD splits registrations by timing: an off-plan registration is entered before the unit legally completes, an existing registration after. Where both appear, the gap between them reflects that difference as much as any movement in value. A side with fewer than 5 registered sales is shown in a lighter tone: read it as those sales, not as a rate.

Buildings in the register
BuildingSales
Vela By Omniyat2
The last 3 registrations to 5 Oct 2026
DateTypeUnitSizePriceAED/sqft
27 Apr 2026Off-plan4 bedrooms7,373 sqftAED 60,730,1108,236
7 Apr 2026Off-plan3 bedrooms4,257 sqftAED 28,813,5006,769
5 Feb 2026Off-plan3 bedrooms6,047 sqftAED 40,615,4526,717

Basis: Dubai Land Department transaction register, arm’s-length sales of units and villas only. Gifts, mortgage registrations, zero-price rows, land plots and whole-building transfers are excluded, as are AED/sqft values outside 100–20,000. Figures are medians, not averages. The medians, trend and quarterly table above are drawn on the part of the register we hold in full detail, which runs from 28 Apr 2025 to 5 Oct 2026; 28 Apr 2025 is the earliest date there, not the date this project started selling. The sale count and date span in the opening sentence cover all registered history to 2 Oct 2026, from the transaction feed below. This page is a dated extract taken on 6 Oct 2026, not a live query. Past registered prices are evidence of what has been paid, not a forecast of future value.

Transaction history

ALL REGISTERED SALES

DLD register · to 2 Oct 2026
Median AED/sqft, last 6 months, apartments and villas
7,503
Across 2 registered sales to 2 Oct 2026
Registered sales, all time
27
29 Nov 2022 to 27 Apr 2026
The latest 25 of 27 sales, newest first
DateProperty typeBedroomsArea (sq ft)Price (AED)AED per sq ft
27 Apr 2026Flat4 B/R7,37360,730,1108,236
7 Apr 2026Flat3 B/R4,25728,813,5006,769
5 Feb 2026Flat3 B/R6,04740,615,4526,717
11 Feb 2025Flat4 B/R7,35150,318,1006,845
20 Aug 2024Flat3 B/R6,30242,903,0006,808
26 Jun 2024Flat3 B/R5,98836,417,2296,082
27 May 2024Flat3 B/R6,04744,602,5007,376
22 May 2024Flat4 B/R8,46274,042,1918,750
1 Mar 2024Flat3 B/R4,25731,481,8357,396
26 Jan 2024Flat3 B/R4,25728,813,5006,769
22 Jan 2024Flat3 B/R6,36139,742,5006,248
22 Jan 2024Flat3 B/R6,36138,193,7506,004
22 Jan 2024Flat3 B/R6,30239,159,0006,214
22 Jan 2024Flat3 B/R6,36137,460,4305,889
22 Jan 2024Flat3 B/R4,25731,186,4707,327
19 Jan 2024Flat4 B/R8,46261,695,0007,291
18 Jan 2024Flat3 B/R6,36133,560,0005,276
18 Jan 2024Flat3 B/R6,04744,241,5007,316
18 Jan 2024Flat3 B/R6,04748,382,0968,001
18 Jan 2024Flat3 B/R6,30236,000,0005,713
14 Dec 2023Flat3 B/R4,25728,538,0006,704
12 Dec 2023Flat3 B/R6,30241,580,0006,598
12 Dec 2023Flat3 B/R6,33743,880,5006,925
15 Nov 2023Flat4 B/R7,26450,698,5156,979
10 Nov 2023Flat3 B/R4,25727,663,5716,499

Source: Dubai Land Department sales register, every registered sale held against this project, as at 2 Oct 2026. The count is every registered sale, of any property type, over the project’s whole history. The median is a separate measure: it covers the 6 months to that date and uses only apartment and villa sales in that period that carry a price and an area. Offices, shops, land and other non-residential sales are listed above but never enter it. Areas are DLD’s square metres converted to square feet.

Location

REGISTERED SALES NEARBY

Nearest metroBuj Khalifa Dubai Mall Metro Station
Nearest mallDubai Mall
Nearest landmarkDowntown Dubai

These are the values DLD records against this project’s own registered sales, not a distance we measured. Where a project’s sales disagree, the most frequently recorded value is shown.

Next step

ASK US ABOUT VELA by OMNIYAT

This page is the public register — the project record as at 4 Oct 2026, and the transaction register to 5 Oct 2026.

  • AVAILABILITY

    On the register

    39 homes

    From the DLD project record as at 4 Oct 2026, filed at status “Under construction” as at 4 Oct 2026.

    Not on the register

    What is available now

  • PRICE

    On the register

    27 registered sales

    Prices already paid, registered between 29 Nov 2022 and 27 Apr 2026.

    Not on the register

    At what price

  • PAYMENT TERMS

    On the register

    —

    The DLD project register carries no payment-plan data of any kind.

    Not on the register

    On what payment terms

  • THE SPECIFIC UNIT

    On the register

    3 recent registrations

    Listed above with date, size, price and AED per square foot.

    Not on the register

    How the specific unit compares with the ones already registered

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