Velor Penthouses
By Ginco Properties · Penthouse · Updated 07 Sep 2026
About Velor Penthouses
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.
Furnishing
No
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.”
Developer-supplied project description; verify specifications against the SPA and RERA-registered brochure.
Location: Business Bay
Velor Penthouses sits in Business Bay, Dubai. The Dubai Land Department has registered 4,594 sales in Business Bay so far in 2026 at an average of AED 2,757 per sqft, which is the benchmark to hold this launch against. See every project currently selling in Business Bay.
Sector: Business Bay · Open in Google Maps
Construction & payment
Construction start: 2025-05-01. Scheduled completion: 2028-06-30. Typical off-plan plans in this segment are 60/40 or 70/30 construction-linked, with a 10–20% booking amount and 4% registration fee. Ask us for the current plan on this project, including any post-handover option. Full cost breakdown: DLD fees guide.
More from Ginco Properties
- Vyb at Business BayBusiness Bay · from AED 1.65M
- One ResidenceDowntown Dubai · from AED 1.56M
Other projects on sale in Business Bay
Buyer questions
How much does Velor Penthouses cost?
Launch pricing starts at AED 8,250,000 and runs to about AED 19,215,000 for 4.5 – 5.5 bed apartments of 2,999–6,017 sqft. That is roughly AED 2,750 per sqft at entry, against a Dubai Land Department registered average of AED 2,757 per sqft across 4,594 sales in Business Bay this year.
When is Velor Penthouses handing over?
The developer's stated completion is Q2 2028. Status: under construction. Off-plan instalments are construction-linked and paid into a regulated escrow account, so your money is released to the developer only as build milestones are certified.
Can foreigners buy in Velor Penthouses?
Yes. Business Bay is a designated freehold zone in Dubai; buyers of any nationality can hold full title registered at the Dubai Land Department. A purchase of AED 2 million or more also qualifies for the 10-year UAE Golden Visa.
Who is the developer of Velor Penthouses?
Ginco Properties. They currently have 2 other projects on sale that we track. Check their delivery record and RERA registration on our developer scorecard before paying a booking deposit.
Check live availability in Velor Penthouses
Floor plans, payment schedule and registration costs, same day. RERA 41793.