Compliance & specs
DLD-verifiableAbout
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.”
Available unit types
2 bedroom configurations
These thumbnails show sample layouts for each bedroom configuration. Actual unit sizes, orientations, and finishes vary across the 1 building , the developer's full floor-plan pack below covers every variant.
4 bedrooms
3000-3000 sqft
Range across 4 layout variants
5 bedrooms
6018-6018 sqft
Range across 4 layout variants
Villas
Layouts and pricing released on request.
Talk to a broker
Full floor-plan pack
Payment PlanInterest-free during construction
- 1.10%
On booking
- 2.30%
During construction
- 3.60%
Upon Handover (Q4 2027)
Calculate your payments
Pick a unit type or enter a custom price. We'll spread it across the plan's phases in AED + your selected currency, with plain-English timing labels. Download as a spreadsheet for your records.
| # | When | Step | % | Amount (AED) | Amount (USD) | Cumulative (USD) |
|---|---|---|---|---|---|---|
| 1 | Upon booking | Reservation | 10% | 825,000 | 224,648 | 224,648 |
| 2 | Between booking and Q4 2027 | During construction | 30% | 2,475,000 | 673,943 | 898,590 |
| 3 | Q4 2027 | Upon Handover (Q4 2027) | 60% | 4,950,000 | 1,347,885 | 2,246,475 |
| Total | 100% | AED 8,250,000 | USD 2,246,475 | |||
Cash-flow shape: 40% during the construction period (10% upon booking, 30% across milestones), 60% at handover (Q4 2027).
0% interest during construction , no APR, no compounding.
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Amenities
11 features
Location
25.19144, 55.28402
Nearby
- Kids Castle Nursery in Business Bay, Downtown Dubai3 km
- Dubai International Airport15.1 km
- Downtown Dubai1.3 km
- Burj Park1.1 km
- Mercato Beach6 km
- Souk Al Bahar0.75 km
About Business Bay
Business Bay is Dubai's central commercial and residential district, strategically positioned along Sheikh Zayed Road and Al Khail Road. The area offers convenient access to key Dubai destinations: approximately 9 minutes by car to Dubai Mall, 20 minutes to Burj Al Arab, 21 minutes to Palm Jumeirah, and 32 minutes to Dubai International Airport. Well-established infrastructure includes improved parallel roads with enhanced connectivity completed in 2018.
Explore Business BayAbout Ginco Properties
Ginco Properties is a UAE real-estate developer active across Business Bay, behind projects including Velor Penthouses and Vyb at Business Bay.
Building details
4 & 5 bedroom penthouses
Parking allocation
| Unit type | Bedrooms | Spaces |
|---|---|---|
| Penthouse | 5 | 2 |
| Penthouse | 4 | 2 |
Marketing brochure
Frequently asked questions
About Velor Penthouses
What is the starting price for Velor Penthouses?
Prices at Velor Penthouses start from AED 8,250,000. Off-plan inventory moves with availability, so confirm the current entry price with a Casadior broker before deciding.
What is the payment plan for Velor Penthouses?
Velor Penthouses is offered with the Payment Plan. The full instalment schedule, what is due at booking, during construction, and at handover, is published on this page.
When does Velor Penthouses hand over?
Handover of Velor Penthouses is planned for Q4 2027. Handover dates are set by the developer and can shift, so treat the date as a target, not a guarantee.
Where is Velor Penthouses located?
Velor Penthouses is located in Business Bay, Dubai. The location section on this page has the map and nearby points of interest.
Who is the developer behind Velor Penthouses?
Velor Penthouses is developed by Ginco Properties. The developer's track record and full project list are on our Ginco Properties page.
Why Dubai off-plan
The macro case for buying off-plan in Dubai
These six pillars apply to every project on this site, not just this one. If you're new to the UAE market, they're the context you need before evaluating the specific unit above.
0% interest, ever
Off-plan payment plans are interest-free, end to end. Every instalment is at face value, no APR, no compounding, no balloon hidden in the back. Buyers from interest-bearing markets routinely underestimate how much this saves over a 3-5 year hold.
No income or capital-gains tax on property
Dubai charges no annual property tax, no income tax on rental yield, and no capital-gains tax on resale. The DLD 4% transfer fee is a one-time cost at registration, after that, your returns are yours.
20% usually opens the unit
Most off-plan plans book with a ~20% reservation deposit. You're under contract with the developer immediately, with the rest spread across construction milestones. The deposit is what unlocks the buy-side, not the full unit price.
Post-handover plans extend the runway
Many projects offer 2-4 years of post-handover instalments, meaning a chunk of the price gets paid AFTER you take keys. Once the unit is rented, that income can help cover the post-handover payments, rarely the full instalment, but enough to make the cash-flow comfortable rather than tight.
Golden Visa from AED 2M
A property purchase of AED 2M+ qualifies the buyer (and family) for the UAE Golden Visa, a 10-year renewable residency. The visa is the headline benefit; for many international buyers it's the actual reason to buy in Dubai.
Freehold ownership for foreigners
Across the 80+ freehold zones (Dubai Marina, Downtown, Palm Jumeirah, Business Bay, JVC, Dubai Hills, and the rest), foreigners own 100% of the asset and the land. There's no Emirati partner requirement, no lease structure, title deed in your name.
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Price
from AED 8,250,000
≈ USD 2,246,475
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