Off-plan

Velor Penthouses

Business Bay · Ginco Properties

Key facts

Price
From AED 8,250,000
Bedrooms
5–6 BR
Size
3,000 sq ft – 6,018 sq ft
Handover
Q4 2027
Payment plan
40/60
Service charge
22 AED/sqft
Escrow account
Yes · 3718441443613

Prices and availability may change. Last updated 13 October 2026.

Construction progress

0% complete, as of 13 October 2026 · Handover Q4 2027

Prices and sizes by unit type

BedroomsPriceSize
4 BRFrom AED 8,250,0003,000 sq ft
4 BRFrom AED 8,250,0003,000 sq ft
4 BRFrom AED 8,550,0003,000 sq ft
4 BRFrom AED 8,550,0003,000 sq ft
5 BRFrom AED 19,530,0006,018 sq ft
5 BRFrom AED 20,643,0006,018 sq ft
5 BRFrom AED 17,955,0006,018 sq ft
5 BRFrom AED 18,270,0006,018 sq ft

Payment plan

Payment Plan · 40/60

  1. 10% · On booking

    + 4% DLD + 5050 AED OQOOD + Admin Fee

  2. 30% · During construction

  3. 60% · Upon Handover

    60 payment - Final Installment (Velor Penthouses)

About the project

Project general facts

Velor is a statement of refined urban living, positioned among globally recognized landmarks and designed to offer a lifestyle defined by elegance, exclusivity, and attention to detail. The development presents a seamless fusion of architecture and experience, where every element — from spatial design to everyday interactions — is carefully curated to create a sense of sophistication and ease.

The building’s exterior stands out with its sleek lines, bold contours, and expansive glazing, creating a striking architectural identity that balances openness with grandeur. Floor-to-ceiling windows invite natural light while framing panoramic views, enhancing the sense of space throughout. Inside, residences are designed with generous layouts and open-plan living areas that emphasize comfort and fluidity, complemented by premium finishes that elevate the overall living experience.

Velor offers a comprehensive range of amenities and services tailored to modern lifestyles, supporting wellness, relaxation, and recreation. The interiors continue this refined approach with high-quality materials and thoughtful detailing, while kitchens are equipped with state-of-the-art appliances, custom cabinetry, and premium stone countertops. Spa-inspired bathrooms further enhance the sense of tranquility, resulting in a residential environment that combines contemporary design with everyday comfort.

Location description and benefits

Downtown Dubai is the centre of Dubai, constantly evolving at a fast pace. Home to many landmarks and world-famous attractions, including Burj Khalifa, the Dubai Mall and Dancing Fountains, the area is a hub of activities.

The prime location keeps Downtown busy throughout the year. Constantly attracting tourists, there’re always some new things to do in Downtown Dubai. The area is best known for offering a luxurious lifestyle. It used to be a vertical community, but many villas have also been added to the real estate market. As per Bayut’s 2020 Rental Market Report, it is the second most popular area offering luxury apartments for rent after Dubai Marina. Downtown is well connected to other key commercial and residential areas in the city.

Strategically located along Sheikh Zayed Road, E11, across Al Wasl and bordering Business Bay, it is a pretty active and bustling neighbourhood. Downtown is one of Dubai’s best areas for non-drivers and frequent travellers. Many amenities, including upscale hotels, chic leisure points and massive shopping centres, make Downtown Dubai a sought-after address and “the centre of now.”

Amenities

  • Zen Area
  • Fitness Center
  • Female Spa
  • Zen Garden
  • Zen Lounge
  • Infinity Pool
  • Kid’S Play Area
  • Male Spa
  • Bbq Area
  • Kids Pool
  • Executive Lounge

Location

  • Kids Castle Nursery in Business Bay, Downtown Dubai
  • Dubai International Airport
  • Downtown Dubai
  • Burj Park
  • Mercato Beach
  • Souk Al Bahar

Masterplan

Masterplan of Velor Penthouses

Floor plans

Developer

Ginco Properties

Escrow protection

Off-plan payments are held in a regulated project account.

No tax on rental income for individuals*

No personal income tax in the UAE.

USD-pegged currency

The dirham is pegged to the US dollar.

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