Compliance & specs
DLD-verifiableAbout
Project general facts
Standing proudly among global icons offering unparalleled access to bespoke experiences, Velor is where every detail is crafted with refinement and elegance — felt in every moment, every space, and every encounter.
Velor’s exterior is a true architectural triumph: sleek lines, bold contours, and expansive windows frame panoramic views, evoking openness and grandeur. The striking façade commands attention in a neighbourhood already rich with architectural splendour. This seamless blend of form and function creates a thoughtfully designed, visually captivating space.
Velor’s premium services and amenities deliver experiences that exceed expectations. Whether you are seeking relaxation, wellness, or recreation, the facilities cater to your every need.
Finishing and materials
At VELOR, each apartment is designed with attention to every detail. Spacious, light-filled interiors offer expansive living areas, creating a sense of openness that complements the building’s grand architecture. With premium finishes, large windows framing scenic views, and open-plan layouts, every apartment at VELOR is a perfect blend of premium living and comfort.
Kitchen and appliances
The kitchen features state-of-the-art appliances, custom cabinetry, and premium stone countertops, while spa-inspired bathrooms provide an unmatched level of relaxation.
Location description and benefits
As the name suggests, 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
Working-professional + investor mix; central Dubai location A look at the original masterplan published by the developer at the time of the launch of Business Bay.
Explore Business BayAbout Ginco Properties
Established in 1975 by Chairman Mr. Gheyath Mohammad Gheyath, the group has been on an unwavering journey of success steered by a team of world-class experts, specialists, and seasoned professionals who have delivered iconic projects across the world. Guided by visionary leadership and fortified by unwavering partnerships, GINCO Properties, a member of GINCO Group looks forward to playing a pivotal role in crafting numerous tales of triumph and taking the legacy of its parent company forward.
Building details
4 & 5 bedroom penthouses
Parking allocation
| Unit type | Bedrooms | Spaces |
|---|---|---|
| Penthouse | 5 | 2 |
| Penthouse | 4 | 2 |
Marketing brochure
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.
Price
from AED 8,250,000
≈ USD 2,246,475
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