The Vela Dorchester Collection
What people actually paid in The Vela Dorchester Collection: the sales registered at the Dubai Land Department, not asking prices. Understand the numbers before you buy.
26 sales are on record at the Dubai Land Department, below.
Buying off-plan
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Buying in The Vela Dorchester Collection? Our team can walk you through what these numbers mean for you.
- Community
- Business Bay
- Nearest metro
- Burj Khalifa/Dubai Mall Metro Station — as the Dubai Land Department files it; every building beside it, and what each sold for
- First on record
- 2023 — an off-plan sale
- Sales on record
- 26 — registered at the Dubai Land Department, the latest April 2026
- Off-plan share
- 100% — 26 bought off-plan from the developer, 0 resales of a completed home
Recorded rents and gross yield for The Vela Dorchester Collection →
The recorded market
Price per square foot, by year
The median of every sale registered at the Dubai Land Department here. Not asking prices.
The low was 2023 at AED 6,761 a square foot, and it has recovered 0% since. It is still 1% below its 2025 peak.
What sells here
By size
Registered sales in the last three years. Sizes are the registered floor area.
| Layout | Typical size | Median price | Mean price | Per sq ft | Sales |
|---|---|---|---|---|---|
| 3 B/R | 6,047 sqft | 37,460,430 | 36,773,035 | 6,717 | 21 |
| 4 B/R | 7,373 sqft | 60,730,110 | 59,496,783 | 7,291 | 5 |
Layouts that have sold fewer than five times in three years are left out — too few to quote a median, so we do not guess at one.
Every sale, as registered
Recent sales in The Vela Dorchester Collection
The last transfers recorded at the Dubai Land Department, newest first.
| Date | Layout | Size | Price | Per sq ft |
|---|---|---|---|---|
| 27 Apr 2026 | 4 B/R | 7,373 | 60,730,110 | 8,236 |
| 7 Apr 2026 | 3 B/R | 4,257 | 28,813,500 | 6,769 |
| 5 Feb 2026 | 3 B/R | 6,047 | 40,615,452 | 6,717 |
| 11 Feb 2025 | 4 B/R | 7,351 | 50,318,100 | 6,845 |
| 20 Aug 2024 | 3 B/R | 6,302 | 42,903,000 | 6,808 |
| 26 Jun 2024 | 3 B/R | 5,988 | 36,417,229 | 6,082 |
| 27 May 2024 | 3 B/R | 6,047 | 44,602,500 | 7,376 |
| 22 May 2024 | 4 B/R | 8,462 | 74,042,191 | 8,750 |
| 1 Mar 2024 | 3 B/R | 4,257 | 31,481,835 | 7,396 |
| 26 Jan 2024 | 3 B/R | 4,257 | 28,813,500 | 6,769 |
| 22 Jan 2024 | 3 B/R | 6,361 | 38,193,750 | 6,004 |
| 22 Jan 2024 | 3 B/R | 4,257 | 31,186,470 | 7,327 |
How often it trades
Sales per year
Off-plan sales dominate a building’s first years; resales take over after handover.Off-planResale
Of the 26 sales on record, 26 were bought off-plan from the developer and 0 were resales of a finished home. The 2026 bar is part-year.
Where the market is moving
The busiest buildings in Business Bay
The Vela Dorchester Collection sold 0 completed homes in the ninety days to 19 Oct 2026, below the five-sale floor to rank. These are the five busiest buildings in Business Bay.
| Rank | Building | Sales, 90 days | Against its usual pace |
|---|---|---|---|
| 1 | Peninsula Four | 57 | New to resale |
| 2 | Regalia By Deyaar | 37 | New to resale |
| 3 | Peninsula Three | 32 | 1.2× |
| 4 | Peninsula Two | 22 | 5.9× |
| 5 | Aykon City Tower C | 18 | 1.0× |
Completed homes only, by the date the Dubai Land Department registered the transfer — the ninety days to 19 Oct 2026. Buildings with fewer than five sales in the window are not ranked. The ten busiest in Business Bay, with pace against each building’s own year before.
Nearby
What else to look at in Business Bay
The buildings this one sits between on recorded price per square foot, and the newest to start trading. Every one has its own page of registered prices.
| Building | Recorded sales | First traded | Median per sq ft |
|---|---|---|---|
| Vela Viento By Omniyat | 36 | 2024 | 6,143 |
| Bugatti Residences By Binghatti | 116 | 2023 | 5,700 |
| Dorchester Collection Dubai | 52 | 2021 | 4,292 |
| Sobha Skyparks | 83 | 2026 | 4,250 |
| Avarra by Palacenewest | 156 | 2026 | 3,490 |
| Crystal Towernewest | 23 | 2026 | 1,200 |
Medians over each building’s whole recorded history at the Dubai Land Department, so a tower that has not traded lately is still here — this is what to look at next, not what the market is doing this month. Buildings with fewer than five recorded sales are left out. “First traded” is the year the register first saw a sale in the building, which for a new tower is close to its handover.
Buying in The Vela Dorchester Collection? The cost of buying, the title deed, the service charges and buying as a foreigner, explained.