VELA RESIDENCES

The development comprises 2 interconnected towers located on a multi-level podium. The height of the complex is 150 metres and its total area is 25.300 square metres.

The tower has 30 residential floors housing 38 high-end residences of 395 to 1089 square metres. At the top of the tower will be a unique 3-storey penthouse with an area of 2136 square metres. The sky mansion has 5 bedrooms, 2 swimming pools, large terraces, a private gym and a majlis (family room). Each residence will have an elevator and a private elevator lobby.

The key features of the prime apartments’ layout include:

• High ceilings;
• 2 kitchens (a closed kitchen for cooking and an open-plan kitchen for demonstration);
• Large terraces;
• Separate dressing rooms;
• Maid’s room.

The residential community will have 3 lobbies:

• Main entrance hall
• VIP lobby
• Lobby with direct access to the yacht marina

The tower’s three floors will house various amenities, including the following:

• 2 infinity pools
• Three-level gym with a panoramic view of the marina and the sea canal
• High-end spa
• Private cinema
• Children’s playroom
• Conference hall
• Lounge area

Besides, the tower’s residents will have access to the One at the Palm Jumeirah beach club with a 100-metre private beach, a yacht pier and the promenade. You can quickly reach the club by yacht.

Vela Residences in Business Bay, Dubai, UAE

The development of the architecture and design of the Vela Residences residential complex is conducted by a team of professional architects and designers from Gilles & Boissier and Foster+Partners. The latter is the creator of the Apple headquarters in California and the winner of the Pritzker Prize.

The residential complex will be managed by the large hotel brand, the Dorchester Collection, managing hotels in the most prestigious cities in the world such as Paris, Rome, Los Angeles, Dubai and others.

The tower features a prime location in the Business Bay area, on Marasi Dr Street, on the coast of Marasi Bay. The windows of the residences will offer stunning views of the sea canal and the marina. The building provides convenient access to the area’s major highways, providing residents with quick access to all the key locations of the emirate. The international airport can be reached in just 15 minutes.

During the residential tower’s construction, the developer plans to completely modernise the area near Marasi Bay. A modern marina with a world-class yacht club, a huge city beach, a beach club and other facilities for a pleasant stay and leisure will be created here.

Purchasing real estate in Vela Residences

Today, the new residential complex is at the initial stage of construction. This means that you have a great opportunity to buy off-plan real estate in Vela Residences directly from the developer at a price below the market. Residences in the community belong to the ultra-luxury real estate category. The apartments will be commissioned completely ready for occupation and will feature premium materials, artistically-designed furniture and European brand household appliances. Gilles & Boissier were responsible for the exquisite interior design.

The starting price for a 3-bedroom apartment is AED 30 million (USD 8.16 million). The price of a 4-bedroom residence starts at AED 45 million (USD 12.2 million).

People purchasing property in Vela Residences can take advantage of instalment payments. The initial payment when booking an apartment is 5% of its total price. 55% of the amount is then paid during the construction stage and 40% is to be paid once the property is commissioned. Foreign buyers of real estate in the residential complex can take advantage of the programme for obtaining a "golden" resident visa in the UAE. The document is issued for 5 years and allows you to legally live, work and have a business in the Emirates.