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Velor Penthouses

by Ginco Properties · Business Bay, Dubai

Under ConstructionOn SaleHandover Q2 2028

Velor Penthouses is an off-plan development by Ginco Properties in Business Bay, Dubai. It offers penthouse from 3,000 sqft to 6,018 sqft, priced from AED 8,250,000. Handover is scheduled for Q2 2028. Construction status: Under Construction.

AED 8.3M – AED 19MVelor Penthouses price · sizes 3,000 sqft to 6,018 sqft · handover Q2 2028 · penthouse

Velor Penthouses — Key Facts

Developer
Ginco Properties
Emirate
Dubai
Area
Business Bay
Status
Under Construction
Sale status
On Sale
Construction start
Q2 2025
Handover
Q2 2028
Construction progress
0%
Price from
AED 8,250,000
Price to
AED 19,215,000
Unit sizes
3,000 sqft – 6,018 sqft
Unit types
Penthouse
Total units
6
Floors
2B + 3P + 26floors
Furnishing
Yes
Service charge
22 AED/sqft
Plot area
160,832 sqft
Resale allowed after
30% paid
Escrow account
Tower: 3718441443613

About Velor Penthouses

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.”

Velor Penthouses Location & Map

Business Bay, Dubai — 25.19144, 55.28402

Open in Google Maps

Velor Penthouses Master Plan

Velor Penthouses Amenities & Facilities

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

Velor Penthouses Floor Plans, Unit Sizes & Prices

4.5 bedroom Penthouse

AED 8,250,000

Size:
3,000 sqft
Price up to:
AED 8,550,000
AED / sqft:
2,750

5.5 bedroom Penthouse

AED 17,955,000

Size:
6,018 sqft
Price up to:
AED 19,215,000
AED / sqft:
2,983

Velor Penthouses Payment Plan

Payment Plan

  1. 10%

    On booking

  2. 30%

    During construction

    • 10% — 1st Installment
    • 5% — 2nd Installment
    • 5% — 3rd Installment
    • 5% — 4th Installment
    • 5% — 5th Installment

  3. 60%

    Upon Handover

Total: 100%

Velor Penthouses Brochure & Floor Plan PDF Downloads

Velor Penthouses — Frequently Asked Questions

What is Velor Penthouses?
Velor Penthouses is an off-plan development by Ginco Properties in Business Bay, Dubai. It offers penthouse from 3,000 sqft to 6,018 sqft, priced from AED 8,250,000. Handover is scheduled for Q2 2028. Construction status: Under Construction.
Where is Velor Penthouses located?
Velor Penthouses is located in Business Bay, Dubai, United Arab Emirates (coordinates 25.19144, 55.28402). The exact position is shown on the map on this page.
What is the price of Velor Penthouses?
Prices at Velor Penthouses start from AED 8,250,000 to AED 19,215,000 across 2 published unit configurations. Per-unit prices, sizes and AED per sqft are listed in the units section of this page.
Who is the developer of Velor Penthouses?
Velor Penthouses is developed by Ginco Properties. All other off-plan projects by Ginco Properties are listed on the developer page linked from this page.
When is the handover of Velor Penthouses?
Handover of Velor Penthouses is scheduled for Q2 2028, with construction starting Q2 2025. Construction is currently around 0% complete.
What is the payment plan for Velor Penthouses?
Velor Penthouses has one published payment plan. Each milestone and its percentage is shown in the payment plan timeline on this page.
What unit types are available at Velor Penthouses?
Velor Penthouses offers 4.5-bedroom and 5.5-bedroom penthouse, with sizes from 3,000 sqft to 6,018 sqft, across roughly 6 units.
Are floor plans available for Velor Penthouses?
Yes. Floor plans and unit layouts for Velor Penthouses are shown on this page, with a downloadable floor plan PDF where the developer has released one.
How can I download the Velor Penthouses brochure?
The official Velor Penthouses brochure PDF is available from the downloads section on this page. Register your details once and the brochure opens immediately.
Is there a master plan for Velor Penthouses?
Yes. The Velor Penthouses master plan drawings published by Ginco Properties are shown in full on this page and can be enlarged.
What amenities does Velor Penthouses have?
Velor Penthouses includes 11 published amenities, among them zen area, fitness center, female spa, zen garden, zen lounge and infinity pool.
What is the service charge at Velor Penthouses?
The published service charge for Velor Penthouses is 22 AED/sqft. Service charges are set by the managing company and can change after handover.
Can foreigners buy property at Velor Penthouses?
Velor Penthouses is an off-plan development in Business Bay, Dubai. Freehold eligibility depends on the plot designation registered with the relevant land department, which is stated in the sale and purchase agreement issued by Ginco Properties.
Is Velor Penthouses furnished?
Velor Penthouses is delivered yes.

More detail on Velor Penthouses

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