Apartment for Sale in Business Bay by Omniyat
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Off Plan

Vela

developer logoOmniyat
Business Bay, Dubai
Apartment
0% Completed

About Property

Welcome to VELA – a stunning architectural masterpiece located in the heart of Business Bay, Dubai. This exquisite development has been designed by the world-renowned Foster + Partners, known for their global architectural marvels. The fluidity and beauty of the Marais waterfront have been seamlessly embodied in the design of VELA, offering residents a truly unique living experience.

The interiors of VELA have been curated by the exceptional French design duo, Gilles and Boissier, bringing their distinctive and awe-inspiring taste to every corner of the development. The result is a space that is both striking and serene, offering residents a sense of unparalleled luxury and comfort.

Residents at VELA can enjoy a range of top-notch amenities, including a shared pool, concierge service, broadband internet, and a welcoming lobby. All of these facilities are designed to elevate your living experience and provide you with the ultimate in convenience and luxury.

With prices ranging from 4,333,140 AED to 9,781,380 AED, VELA offers a range of living options to suit different preferences and budgets. Whether you’re looking for a spacious family home or a stylish urban apartment, VELA has something to offer everyone.

Experience the pinnacle of luxury living at VELA and make Business Bay your new home today.

Is This Home Your Lifestyle Match?

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Amenities

Shared Pool
Shared Pool
Broadband Internet
Broadband Internet
Lobby
Lobby
Concierge Service
Concierge Service

Nearby

School

Dubai Institute of Design and Innovation

Location

Business Bay, Dubai

Expected ROI

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Layouts and Prices

Transaction History

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Payment Plans

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Photos

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Overview
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Finishing examples

Why Invest in Dubai?

High Rental Income

Dubai real estate offers lucrative rental yields for property investors.

Tax-Free Investing

Dubai has no income or property taxes, allowing your investments to grow tax-free.

World-Class Education

Dubai has prestigious international schools for top-notch education.

Safe and Secure

Dubai offers safety and stability for families and investors.

Lifestyle & Leisure

Dubai offers abundant amenities and entertainment for an enjoyable lifestyle.

Residency Benefits

Investing in Dubai real estate enables residency for your family.

Frequently Asked Questions

What is Kyna and how does it differ from other real estate platforms in Dubai?

Kyna is a unique real estate platform in Dubai that places a strong emphasis on transparent and genuine guidance for investors. Here’s how Kyna stands out:

  • Genuine Guidance: Kyna focuses on building real relationships, assisting investors at every turn.
  • Transparent Pricing: Prioritizing affordability, Kyna ensures no hidden costs and maximizes your savings.
  • Bespoke Tours: Tailored real estate tours and insightful investment advice for informed decisions.
  • AI-Powered Insights: Advanced AI tools speed up searches and offer insights into current and future property values.
  • Data Trustworthiness: Kyna's commitment ensures your personal information remains confidential and secure.
  • Visa Assistance: Simplifying the process, Kyna aids clients in obtaining their Dubai residential visas.

What are the regulations for owning property in Dubai as a foreigner?

Foreign nationals can own property in designated freehold zones in Dubai. They can secure absolute ownership rights for up to 99 years without leasehold or usufruct obligations. Title deeds are issued by the Dubai Land Department, and there are no age restrictions on property ownership. Notable freehold areas include Business Bay, Downtown Dubai, Discovery Gardens, Palm Jumeirah, and DIFC Dubai.

Are there any restrictions on the types of properties foreigners can buy in the UAE?

Foreign nationals can buy property with complete ownership rights in designated freehold zones. In other areas, they may only have tenancy rights over the physical structure. Freehold property owners may also be eligible for the UAE Golden Visa. It is advisable to seek independent legal and tax advice before making any decision.

How does the property buying process in Dubai differ from other emirates in the UAE?

In Dubai, property buyers must validate the property title deed with the Dubai Land Department (DLD) before registering the property. Costs involved include transfer fees, registration fees, and service charges. There are specific laws governing property ownership by foreign nationals. Understanding financing laws, mortgage requirements, and lease agreements is crucial. It is recommended to seek independent legal and tax advice.

What are the key benefits of investing in property in Dubai or the UAE?

Key benefits include:

  1. Stable and growing economy
  2. Tax advantages (no personal income tax, no capital gains tax)
  3. High rental yields
  4. High standard of living
  5. Continuous infrastructure development
  6. Freehold ownership for foreigners
  7. Diverse property types
  8. Status as a global business and tourist hub
  9. High-quality real estate
  10. Potential eligibility for residency or long-term visas
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From$11,699,138.00
Book At$584,957.00