Velor Penthouses
The facts, verified
About the project
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 a
Amenities
Velor Penthouses payment plan
| Milestone | Share | On AED 8.25M |
|---|---|---|
| On booking, + 4% DLD + 5050 AED OQOOD + Admin Fee | 10% | AED 825K |
| During construction | 30% | AED 2.48M |
| Upon Handover, 60 payment - Final Installment (Velor Penthouses) | 60% | AED 4.95M |
Run your own numbers
Your purchase
| Milestone | When | Amount |
|---|---|---|
| Downpayment (10%) | On booking | AED 825,000 |
| During construction (30%) | ≈ AED 103,125 equivalent per month over 24 months | AED 2,475,000 |
| Handover (60%) | On completion | AED 4,950,000 |
| DLD fee (4%) | On booking | AED 330,000 |
| Admin / Oqood (est.) | On booking | AED 5,250 |
Velor Penthouses prices and unit mix
Project documents
Business Bay masterplan
Velor Penthouses location and connectivity
- 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
Business Bay registered prices, against Velor Penthouses
Compare against another launch →About Ginco Properties
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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…
Attractions within reach
Getting there
All lines →Schools within reach
Latest published inspection ratings, KHDA (Dubai) and ADEK (Abu Dhabi). Drive times approximate. Full school checker →
Questions investors ask about Velor Penthouses
What is the starting price at Velor Penthouses?
Velor Penthouses starts from AED 8.25M and runs to AED 19.21M, across 4 bedroom, 4 bedroom, 4 bedroom, 4 bedroom. Prices move with each release; the pack carries the current list.
What is the Velor Penthouses payment plan?
10% on booking, 30% during construction, 60% upon handover, worked in dirhams on AED 8.25M in the table above. Every instalment is paid into the project’s regulator-controlled escrow account, with the 4% DLD fee on top at registration.
When is Velor Penthouses handover?
Ginco Properties lists handover for Q4 2027, with the project currently under construction. The project completion checker on this site carries the RERA-inspected percentage for Dubai projects, refreshed monthly, which is the number to read against that date.
Where is Velor Penthouses?
In Business Bay, Dubai: Kids Castle Nursery in Business Bay, Downtown Dubai 3 km, Dubai International Airport 15.1 km, Downtown Dubai 1.3 km. The Business Bay community guide on this site has the registered prices, rents and schools around it.
Does this qualify for the Golden Visa?
Yes, units from AED 2M qualify for the 10-year Golden Visa, including off-plan with a payment plan in progress. We handle the application as part of the purchase.
Is the project escrow-registered?
Yes, escrow account 3718441443613. Payments release to the developer only against certified construction progress.
What are the fees on top of the price?
4% DLD registration fee, admin/registration fees, and our brokerage fee is paid by the developer. You pay no commission buying off-plan through Equity Edge.