Ginco Properties · Business Bay · Dubai · United Arab Emirates
Velor Penthouses
Availability and pricing checked 8 Oct 2026. Prices, sizes and counts describe the homes currently released for sale, not the development as a whole.
The essentials
- Available now from
- AED 8,250,000
- Available up to
- AED 19,215,000
- Layouts on offer
- 4.5 – 5.5 bed
- Available sizes
- 3,000 – 6,018 sqft (279 – 559 sqm)
- Service charge
- 22 AED/sqftCharged once a year — about AED 66,000 on the smallest published layout, 3,000 sqft
- Status
- under construction
- Construction started
- May 2025
- Build progress
- Not reported yet
- Furnishing
- yes
- Handover
- Q4 2027
- Buildings releasing now
- 1
- Escrow account
- Registered
Velor Penthouses is being built as penthouses, in 4.5 – 5.5 bed layouts.
Payment plan
10 / 30 / 60AED 825,000 is the booking amount — the reservation deposit, or down payment, that holds the lowest-priced home, then about AED 206,250 a month to handover.
Live availability
6 homes are still unsold — see the price list.
Get the developer’s own price list — unit number, floor, exact size, price and price per square foot for every one.
Arrives in about a minute. No phone call unless you ask for one.
Live availability
| Unit | Floor | Beds | Size | Price | Per sqft |
|---|
Availability moves daily. An advisor will confirm and can place a hold on your behalf.
What does your budget buy here?
Set a figure and we will match it against what is still available in this project.
Off-plan mortgages are arranged at handover, against the completed home.
The service charge starts at handover, not at purchase, and the first year is usually pro-rated from the day you collect the keys. In Dubai the budget behind it is filed with the Mollak system each year, so the rate is reviewed once the building is occupied and can move from the launch figure.
You will get the unit number, floor, size and exact price for each — not the whole building.
About this project
Ginco Properties
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.”
Layouts
8
4 bed
3,000 sqft
279 sqm
AED 8,250,000
3,000 sqft
279 sqm
AED 8,250,000
3,000 sqft
279 sqm
AED 8,550,000
3,000 sqft
279 sqm
AED 8,550,000
5 bed
6,018 sqft
559 sqm
AED 19,530,000
6,018 sqft
559 sqm
AED 20,643,000
6,018 sqft
559 sqm
AED 17,955,000 – AED 18,438,000
6,018 sqft
559 sqm
AED 18,270,000 – AED 19,215,000
Amenities
11
Zen Area
Fitness Center
Female Spa
Zen Garden
Zen Lounge
Infinity Pool
Kid’S Play Area
Male Spa
Bbq Area
Kids Pool
Executive Lounge
What’s nearby
6
Gallery
12
Good to know
Straight answers from the developer's published terms, checked 8 Oct 2026.
What is the payment plan for Velor Penthouses?
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Payment Plan: 10% on booking, 30% during construction and 60% on handover.
How much is the booking amount for Velor Penthouses?
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10% of the purchase price falls due on booking — from AED 825,000 on the lowest-priced home. A bank or a broker may call the same figure the reservation deposit or the down payment; it is one and the same first instalment, and it is paid to the developer rather than to us.
When does Velor Penthouses hand over?
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Handover is scheduled for Q4 2027.
What do homes in Velor Penthouses cost?
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Homes currently available start from AED 8,250,000 and range up to AED 19,215,000 for 4.5 – 5.5 bed homes. These are the prices of the homes released for sale through our live feed today, not the launch prices — earlier and cheaper releases may have sold out.
How much does each bedroom size cost at Velor Penthouses?
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Published starting prices by layout are 4 bed from AED 8,250,000; 5 bed from AED 17,955,000. Those are the entry price for each size — floor, view and the exact layout move the figure, and the current price list carries the price of every remaining unit.
Is there a price list for Velor Penthouses?
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Yes. Ask for it on this page and the developer’s own price list is emailed to you — unit number, floor, exact size, price and price per square foot for every home still available. 6 homes were unsold at the last check on 8 Oct 2026.
Who is the developer of Velor Penthouses?
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Velor Penthouses is developed by Ginco Properties in Business Bay · Dubai · United Arab Emirates.
What is the service charge at Velor Penthouses?
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The published service charge at Velor Penthouses is 22 AED/sqft, billed once a year. On the smallest published layout, 3,000 sqft, that is roughly AED 66,000 a year. It starts at handover and the first year is usually pro-rated from the day you collect the keys. In Dubai the annual budget behind the charge is filed with the Mollak system, so the figure is reviewed each year once the building is occupied. Checked 8 Oct 2026.
Is my money protected when buying off-plan at Velor Penthouses?
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Ginco Properties has registered an escrow account for Velor Penthouses. In the UAE an off-plan instalment is paid into the project’s escrow account rather than to the developer directly, and is released against construction progress the regulator has verified. We do not publish the account number — your sale agreement and the developer’s own payment instructions carry it.
Does buying in Velor Penthouses qualify for a UAE Golden Visa?
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With homes currently available from AED 8,250,000, homes here meet the AED 2,000,000 property investment threshold for the 10-year Golden Visa. Since February 2026, off-plan and mortgaged purchases can qualify on a certified valuation — our advisors can confirm eligibility for a specific unit.
How the money actually moves — escrow, the 40/60 split, post-handover terms and the fees nobody mentions: our guide to UAE off-plan payment plans.
Every other off-plan project selling above the AED 2,000,000 threshold: Golden Visa property in the UAE. What actually qualifies, and how Dubai and Abu Dhabi differ: our Golden Visa guide.
Velor Penthouses vs Burj Binghatti Jacob and Co Residences
The closest live alternative we hold. Both are still selling, so the two sets of terms can be weighed against each other rather than against a memory.
- Available from
- AED 8,250,000
- AED 8,400,000
- Layouts on offer
- 4.5 – 5.5 bed
- 2 – 6 bed
- Handover
- Q4 2027
- Q4 2026
- District
- Business Bay
- Business Bay
- Developer
- Ginco Properties
- Binghatti
- Payment plan
- 10 / 30 / 60
- 50 / 20 / 30
Figures are the developers' own published terms, checked 8 Oct 2026. A dash means the developer has not published that detail yet — an advisor can ask.
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