Off-Plan Penthouses in Business Bay With a 2027 Handover
VELA and VELA Viento are the two Business Bay addresses in the current selection with off-plan penthouse units and a 2027 handover, both by OMNIYAT at Marasi Bay.
Two Business Bay addresses in the current Orven selection combine an off-plan penthouse and a 2027 handover: VELA, due Q4 2027, and VELA Viento, due Q3 2027. Both are OMNIYAT developments at Marasi Bay, which makes them the direct answer to this search rather than a broader list of unrelated towers.
VELA and VELA Viento side by side
| Project | Penthouse type | Starting price | Handover |
|---|---|---|---|
| VELA | Three-storey Sky Palace, part of 38 total residences | Price on request | Q4 2027 |
| VELA Viento | Penthouse and duplex units, part of 95 residences | From AED 17.5 million | Q3 2027 |
VELA: only 38 residences, including a three-storey Sky Palace
VELA rises 30 storeys above Marasi Bay, an OMNIYAT development designed by Foster and Partners with interiors by Gilles and Boissier and management by Dorchester Collection. Only 38 residences are offered, ranging from marina and sky residences to penthouses and a three-storey Sky Palace, with floor-to-ceiling glazing, wide terraces and L-shaped corner pools. Interiors span from 4,253 to 11,727 sq ft. Price is on request, and handover is due in the fourth quarter of 2027.
VELA Viento: a published entry price on the same bay
VELA Viento comprises two connected towers rising 180 metres above Marasi Bay, delivering 95 residences and two penthouses as part of OMNIYAT's Dorchester Collection portfolio. Layouts range from two to five bedrooms, including the 20,841 sq ft Celestial Penthouse and skybridge duplexes. Pricing starts from AED 17.5 million under a staged plan running to 40% on completion, with handover scheduled for the third quarter of 2027, one quarter ahead of VELA.
Why these two and not a longer list
Among the Business Bay projects in the current selection, VELA and VELA Viento are the two that both include a penthouse-type unit and carry a 2027 handover date. Other Business Bay towers either publish no penthouse unit, have a handover scheduled outside 2027, or keep both price and handover on request, which takes them outside the scope of this specific search.
Comparing the two on practical terms
VELA offers fewer total residences, 38 against VELA Viento's 95, and keeps pricing on request across the board, including its Sky Palace. VELA Viento publishes a clear entry price of AED 17.5 million and a defined payment structure, running 5% on booking, 20% on the SPA effective date, 5% at month 12, 10% at month 18, 10% at month 24, 10% at month 30 and 40% on completion. That gives a buyer more to plan against even before a specific unit is chosen. Both share the same Marasi Bay setting and the same OMNIYAT-Dorchester Collection positioning, including management by Dorchester Collection across both towers.
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What a Q3 or Q4 2027 handover means for your planning
A handover in the third or fourth quarter of 2027 sits roughly a year out from today, which still leaves several construction milestones ahead on both towers. For a buyer paying through a staged plan like VELA Viento's, each milestone instalment is tied to verified progress rather than a fixed calendar date, so the handover quarter itself should be treated as the developer's current target rather than a guarantee. VELA's own handover quarter follows the same logic, even though its payment structure has not been published.
Financing and the off-plan process
Mortgage financing can be available for certain non-resident buyers at this price level, always subject to the lender's own approval, and approval tends to be more selective for penthouse-grade units. Instalments on both towers are paid into an escrow account controlled by the Dubai Land Department and released against verified construction progress rather than paid directly to the developer.
Two existing Orven guides go further on the district: penthouses and large apartments in Business Bay and the VELA Viento guide. Project pages: VELA and VELA Viento, plus the Business Bay area page.
FAQ
Which of the two has a published penthouse price? Neither publishes a specific penthouse price. VELA Viento publishes an entry price of AED 17.5 million for its smallest unit type; its Celestial Penthouse is priced separately.
Which handover comes first? VELA Viento, in the third quarter of 2027, one quarter ahead of VELA's fourth-quarter 2027 handover.
Are there other Business Bay penthouses with a 2027 handover? Within the current selection, VELA and VELA Viento are the two that match both criteria; other towers either have no listed penthouse or a different handover window.
Can a non-resident finance a penthouse purchase here? Financing can be available, but it is assessed case by case, and lenders tend to apply more scrutiny to larger, higher-value units.
Next step
Tell Orven your target handover and budget on WhatsApp at +971 52 776 1939 or by email at sales@orvenproperties.com, and an adviser will confirm current penthouse availability at VELA and VELA Viento. You can also start your search at /find-your-home/.
ORVEN PROPERTIES
Talk to an Orven adviser
Leave your number: an adviser calls you back or replies on WhatsApp, in your language. No commitment.
Frequently asked questions
Which of the two has a published penthouse price?
Neither publishes a specific penthouse price. VELA Viento publishes an entry price of AED 17.5 million for its smallest unit type; its Celestial Penthouse is priced separately.
Which handover comes first?
VELA Viento, in the third quarter of 2027, one quarter ahead of VELA's fourth-quarter 2027 handover.
Are there other Business Bay penthouses with a 2027 handover?
Within the current selection, VELA and VELA Viento are the two that match both criteria; other towers either have no listed penthouse or a different handover window.
Can a non-resident finance a penthouse purchase here?
Financing can be available, but it is assessed case by case, and lenders tend to apply more scrutiny to larger, higher-value units.
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