Velor Penthouses

Key facts

Handover

Q2 2028

Status

Under construction

Construction progress

0%

Property types

Penthouse

Availability

Available

How Velor Penthouses compares

Entry here is AED 8.3M, against a median of AED 2.7M across the 42 priced projects in Business Bay, which puts it above 33 of them and below 8. The plan opens at 10% down, against a Dubai median of 20%, so it asks 10% less up front than the typical plan. Handover lands in Q2 2028, alongside 94 other projects completing in the same quarter. Ginco Properties has 4 projects in our catalogue, 2 of them in Business Bay.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

Payment plan

Available units

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

Velor Penthouses sits in Business Bay.

Master plan

The developer’s own site plan for Velor Penthouses, showing how the buildings, roads and open space sit together.

What you pay, and when

Payments are staged 10% on booking, 30% during construction and 60% at handover. At the AED 8,250,000 entry price, that is AED 825,000 to reserve a unit, AED 2,475,000 across the build, and AED 4,950,000 due on completion.

On top of the price, the Dubai Land Department charges 4% to register the sale, about AED 330,000 at this entry price. That 10% booking payment does not go to Ginco Properties directly: under Dubai's Law 8 of 2007 a registered project holds it in a RERA-supervised escrow account, drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 3,000 square feet at AED 8,250,000, which works out at AED 2,750 per square foot. Stated sizes run from 3,000 to 6,018 square feet.

Ownership and residency

The entry price is at or above the AED 2,000,000 property threshold for the 10 year UAE golden visa, so the cheapest unit in the development qualifies on its own.

What it costs to hold

Service charges in Business Bay run roughly 14 to 22 AED per square foot per year, on the Dubai Land Department service charge index. Towers inside one community can differ by a factor of two, so treat that as a range to check against the specific building rather than a quotation. On the 3,000 square foot entry unit that is about AED 42,000 to AED 66,000 a year.

Who it suits

The development is Penthouse in 4.5 to 5.5 bedroom layouts. Every layout is 4.5 bedrooms or more and the site has children's facilities, which is family stock rather than investor stock.

What is on site

Shared facilities recorded for Velor Penthouses include zen area, fitness center, female spa, zen garden, zen lounge, infinity pool, kid’s play area and male spa. 3 further facilities are listed in the full spec. The development is 6 units in total. 4 floor plans are published for it.

Frequently asked