Unit 1501, The Vela Dorchester Collection: what it sold for and what it is worth now

Unit 1501 at The Vela Dorchester Collection is a 4 bed of 7,264 sq ft. It last sold for AED 50,698,515 on 14 Nov 2023. At AED 6,826 per sq ft, from 4 sales of units ending 01 (same position in the tower), it is worth about AED 49,587,000 today.

Value todayAED 49,587,000AED 48,133,000 to AED 53,182,000
Last saleAED 50,698,51514 Nov 2023 · Off-plan
Change since last sale-2.2%Building trend alone: AED 51,132,617
Bedrooms4 bed
Size7,264 sq ft
Floor15 (from the unit number)
Position in the towerStack 01: units ending 01 share the same layout and view
BuildingThe Vela Dorchester Collection by Omniyat, handed over 2027
Registered sales of this unit1

Every registered sale of unit 1501

DatePriceSizeAED/sq ftType
14 Nov 2023AED 50,698,5157,264 sq ft6,979Off-plan

Units ending 01 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
30110 Feb 2025AED 50,318,1007,351 sq ft6,845Off-plan
190120 Aug 2024AED 42,903,0006,302 sq ft6,808Off-plan
20126 Jun 2024AED 36,417,2295,988 sq ft6,082Off-plan
260121 May 2024AED 74,042,1918,462 sq ft8,750Off-plan
240119 Jan 2024AED 61,695,0008,462 sq ft7,291Off-plan
60119 Jan 2024AED 37,460,4306,361 sq ft5,889Off-plan
120119 Jan 2024AED 39,742,5006,361 sq ft6,248Off-plan
230119 Jan 2024AED 39,159,0006,302 sq ft6,214Off-plan

Latest 4 bed sales in The Vela Dorchester Collection

UnitDatePriceSizeAED/sq ftType
30110 Feb 2025AED 50,318,1007,351 sq ft6,845Off-plan
260121 May 2024AED 74,042,1918,462 sq ft8,750Off-plan
240119 Jan 2024AED 61,695,0008,462 sq ft7,291Off-plan

How we worked out the value

We took the 4 resale sales of units ending 01 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 6,826). We multiplied it by the size of this unit (7,264 sq ft). The range uses the middle half of those sales (AED 6,626 to AED 7,321 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 51,132,617. Floor, view, condition and upgrades can move the price either way. Sales data to 7 Apr 2026, from the Dubai Land Department register.

Questions

What is unit 1501 at The Vela Dorchester Collection worth?

About AED 49,587,000 (range AED 48,133,000 to AED 53,182,000), based on AED 6,826 per sq ft from registered sales up to 7 Apr 2026.

When did unit 1501 last sell?

14 Nov 2023, for AED 50,698,515 (off-plan). It has 1 registered sale.

Sales alert for The Vela Dorchester CollectionAll sales in The Vela Dorchester Collection

Unit 1302 · Unit 1901