Velor Tower
by Ginco Properties

Penthouses with four or five bedrooms

AED 8,25 mln Starting price
60/40 Payment Plan
Q2 2027 Handover
Velor Towerby Ginco Properties

Buy a Penthouse in Velor Tower by Ginco Properties, Business Bay

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 8,250,000
Location Business Bay
Developer Ginco Properties
Handover Q2 2027
Living Area 2,999 sq. ft. - 6,017 sq. ft.
Payment Plan 60/40
Bedrooms 4-5 BR
Total amount of units 29
ROI 5.5%

Velor Tower is a 26-storey Business Bay high-rise given over entirely to penthouses, with four-bedroom and five-bedroom residences served by a rooftop infinity pool, spa, gym and 24-hour concierge.

The building rises 26 storeys above three podium levels and two basement floors, and it holds just 29 residences. Dedicating a whole skyscraper to the top of the market is an unusual decision, and that scarcity is why many buyers choose a penthouse at Velor Tower over a large conventional apartment. Residences span 2,999 to 6,017 sq ft, with four or five bedrooms only. Each bedroom is en-suite, while separate staff quarters, generous kitchens and 3.2-metre ceilings sit behind continuous panoramic glazing. Five-bedroom penthouses add a second kitchen and dedicated guest areas. Ginco Properties has worked in a restrained, minimalist register: warm tones of glass and metal, expressive façade elements picked out with soft lighting, and terraces that extend the living rooms toward the canal and the Downtown skyline. Podium and rooftop levels carry the shared programme, from the infinity pool and spa to family lounges, mini golf and on-site dining. Against the broader supply of apartments for sale in Business Bay, this is a deliberately narrow, upper-tier proposition.

Velor Tower
About Velor Tower

Overview of Velor Tower by Ginco Properties

An all-penthouse address minutes from Burj Khalifa, Velor Tower offers four-bedroom penthouses from AED 8,250,000 and five-bedroom penthouses from AED 17,500,000, with only 29 residences in the building.

5.5%

Average ROI

7%

Maximum ROI

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Community

Business Bay is Dubai's central business district and one of its densest walkable cores: a canal-side cluster of towers along the Dubai Water Canal, sitting directly south of Downtown Dubai and separated from it only by Sheikh Zayed Road, with Al Khail Road forming the western edge. Young professionals, expatriates and internationally mixed households dominate the resident profile, drawn by cosmopolitan dining and the water's edge. Knight Frank has tracked the district's shift from a mostly commercial address to a live-work-play destination. The JW Marriott Marquis towers, at 355 m, remain its best-known landmark.

Day-to-day needs are covered inside the district. Bay Avenue Mall in the Executive Towers complex acts as the neighbourhood retail hub, backed by Choithrams, Spinneys, Carrefour Market and West Zone, community mosques and coworking floors from Regus and WeWork. Aster Clinic at Executive Towers and Emirates Hospitals Clinics handle routine care, with Mediclinic City Hospital in Dubai Healthcare City roughly ten minutes away. No schools sit within Business Bay's own boundaries, so families drive or use school buses to GEMS Jumeirah Primary School, Safa British School or JESS Al Safa. Dubai International Airport is about 12 min by car.

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Interior

Volume is the organising principle inside these penthouses. Ceilings rise to 3.2 metres and full-height panoramic windows wrap the living rooms, so daylight rather than artificial lighting sets the mood through most of the day, and the city works as a moving backdrop from morning haze to evening skyline. The palette follows the building's minimalism-leaning architecture, with warm, restrained tones that leave the glazing and the terraces to do the talking. Living rooms open outward, bedrooms are treated as private suites, and staff quarters sit apart from the family circulation.

Specification levels match the price tier. Floors and wet areas are laid in Italian tiling, fittings are German, and kitchens arrive with premium built-in appliances already integrated. Every bedroom is en-suite, which keeps guest and family zones independent of one another. Five-bedroom penthouses take the arrangement further with two kitchens, letting a show kitchen stay pristine while catering happens out of sight, plus dedicated guest areas, private offices, spa bathrooms and entertainment rooms. Detailing across kitchens, bathrooms and living areas stays consistent rather than concentrating in a single showpiece room.

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Infrastructure

Residents can stay on the podium for coffee or dinner, with cafés, restaurants and barbecue zones on the shared levels. Outside, Business Bay offers a dense mix of dining and everyday retail. Bay Avenue Mall brings casual restaurants, cafés, pharmacies and wellness studios together. Choithrams, Spinneys, Carrefour Market and West Zone cover grocery shopping, while the canal promenade along Marasi Drive links much of the district on foot.

The Dubai Mall and Dubai Canal Waterfront are each seven minutes away by car. City Walk, Dubai Opera and the canal promenade add more leisure options nearby. Routine healthcare is available at Aster Clinic and Emirates Hospitals Clinics, both seven minutes away; Mediclinic City Hospital takes ten minutes. Business Bay Metro Station is five minutes away by car. Red Line services and RTA routes F19A, F41 and F20 provide onward connections.

Overview

Considering Velor Tower as your next investment?

Amenities of Velor Tower
by Ginco Properties

From the rooftop infinity pool down to the spa, gym and kids' club, the amenities at Velor Tower are built around service as much as leisure.

Fitness centre

Fitness centre

Kids' club and playgrounds

Kids' club and playgrounds

Family lounges and recreation spaces

Family lounges and recreation spaces

Rooftop infinity pool
Spa with male and female areas
Yoga lawns
Mini golf
On-site cafés and restaurants
Barbecue zones
24-hour concierge and doorman
Valet parking
Laundry and dry cleaning on request
Chef service on request
EV charging stations
Gallery

Floor Plans of Velor Tower by Ginco Properties

Property Type
Bedrooms
Area
Starting Price
Penthouses
4 Bedrooms
from 2,999 sq. ft.
AED 8,250,000
4 Bedrooms Penthouses
AED 8,25 mln 2,999 sq. ft.
Bedrooms Bedrooms4
Bathrooms Bathrooms5

Are you looking for a profitable investment option?

We will help you get an asset that is growing in value

Penthouses
5 Bedrooms
from 6,017 sq. ft.
AED 17,500,000
5 Bedrooms Penthouses
AED 17,50 mln 6,017 sq. ft.
Bedrooms Bedrooms5
Bathrooms Bathrooms5

Are you looking for a profitable investment option?

We will help you get an asset that is growing in value

Floor Plans

Payment Plan of Velor Tower by Ginco Properties

Booking takes 10%, a further 50% falls due across the construction period, and the remaining 40% is settled at handover. The Velor Tower payment plan is an interest-free 60/40 structure, so buyers spread most of the cost before completion without financing charges.

0% Comission
Direct Sales

Types of Payment Plan

Down Payment 10% On Booking
1st Instalment 50% During Construction
2nd Instalment 40% Handover in Q2 2027
Learn More
Payment Plan

About Our Approach to Work — Alcenza

At Alcenza Properties, we present the best properties in Dubai, whether for permanent residence or investment. Our team handles every aspect of the process, including transactions, documentation, legal issues, and logistics. This ensures you can focus on your daily life without wasting time on organizational matters.

Step 1.

Initial
Consultation

Our agent will arrange a personal meeting or discuss everything in a format that suits you best. During this consultation, you will outline your goals, be it residence, investment, visa acquisition, or other needs. We will provide you with the most optimal solutions.

Step 2.

Finding the Best Property

Based on your budget and investment goals, we will present a selection of real estate options, including off-plan, primary, and secondary market properties. We will handle all communication with a developer or private owner.

Step 3.

Communication With a Seller

We act as the liaison between you and the seller. From verifying documentation to organizing meetings and monitoring every stage of the transaction, we manage the whole process.

Step 4.

Legal Documentation and Management

Our team ensures the smooth and transparent transfer of property rights through the Dubai Land Department (DLD). We assist with visa applications and offer property management services.

15+
With extensive expertise in the UAE and European real estate markets, we are ready to offer you the most profitable solutions. We guarantee transparency and security at every stage of your transaction.
30%+ Profit From Resale
Our clients have achieved profits of up to 30% within just two years by reselling properties with our guidance.
200+ Exclusive Listings
Gain access to unique investment opportunities and real estate properties that are not publicly listed.
Velor Tower
About Us

Economic Attractiveness

Liquidity here rests on rarity and on Ginco Properties' contractor heritage: a builder that delivered Dubai luxury residences for Emaar before launching its own brand.

Get Full Investment Details

ROI 5.5%

Several drivers support the investment case. Panoramic glazing and terraces frame canal and Downtown views, while concierge, valet, laundry and on-request chef service place the tower in the serviced tier expected by tenants of large residences. The Dubai Mall and Dubai Canal Waterfront are seven minutes away by car, Burj Khalifa takes eight minutes, and Dubai International Airport takes 12 minutes. Business Bay Metro Station is five minutes away by car and connects to the Red Line. More than 11,600 district transactions were recorded in the 12 months to April 2026, up 14.3% year-on-year. The interest-free 60/40 schedule stages capital until completion.

Four-bedroom penthouses currently start at AED 8,250,000, while five-bedroom penthouses start at AED 17,500,000. Business Bay is a designated freehold zone, so foreign nationals may buy and own outright, subject to the standard 4% DLD transfer fee. Residential purchases carry no VAT.

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For Rent

Velor Tower remains pre-handover, so it has no in-tower letting record. Income projections must therefore use the surrounding market. Business Bay gross rental yields range from 5.5% to 7% in 2026. Rents across all unit types rose 18.2% year-on-year in Q4 2025, while district vacancy fell below 6% in Q1 2026. Once keys arrive in Q2 2027, landlords can price these penthouses around their service package, views and limited supply.

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For Living

Owner-occupiers get floor plans that function like houses. Bedrooms are en-suite, staff quarters are separate, and five-bedroom penthouses pair a show kitchen with a working kitchen. Living rooms open onto terraces through full-height glass. Italian tiles and German fittings set the finish level, while concierge, doorman and valet services simplify daily routines. Business Bay adds canal walks, Bay Avenue Mall, street-level dining and Red Line access. Families should plan on a school run by car or bus.

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For Resale

Resale prospects benefit from scarcity, with only 29 penthouses planned in the tower. Buyers entering before the Q2 2027 handover gain exposure to an active district market: Business Bay recorded more than 11,600 property transactions in the 12 months to April 2026, up 14.3% year-on-year. After completion, owners will offer a finished penthouse with views, resident services and no competing smaller apartments within the building.

UAE Golden Visa

Residence Visa

When purchasing a property from AED 2M (USD 545K), you can apply for a 10-year Golden Visa. This visa is renewed as long as you maintain ownership of the property.

Visa for Your Family

Your family members, including your spouse and children, can also get a Golden Visa. Once you receive a residence visa, you can continue your studies in the UAE, enjoy tax benefits, and conduct business in the country.

passport

Project Materials of Velor Tower by Ginco Properties

Project Materials

About Developer Velor Tower

Ginco Properties is the real-estate arm of GINCO Group, a Dubai name active since 1975.

Ginco Properties draws on the construction heritage of GINCO Group. Since the mid-1970s, the group has built luxury residences in Dubai for other developers, including Emaar, before launching projects under its own brand. Founded by chairman Gheyath Mohammad Gheyath, the company now works across upscale residential, mixed-use and commercial buildings. Its approach combines modern architecture with close attention to construction detail and resident comfort.

Location of Velor Tower by Ginco Properties

Velor Tower stands in Business Bay beside Downtown Dubai. The Dubai Mall and Dubai Canal Waterfront are seven minutes away by car, while Burj Khalifa takes eight minutes.

Sheikh Zayed Road access is 46 minutes away by car, while Al Khail Road provides another route across Dubai. DIFC and Jumeirah are roughly 10–15 minutes away. J1 Beach is an easy weekend drive, with City Walk and Downtown's restaurants closer to the tower.

Dubai International Airport is 12 min away by car. Business Bay Metro Station is five minutes away by car and connects the district to the Red Line. RTA routes F19A, F19B, F41, F14 and F20 provide local bus links, while Marasi Drive and Al Khaleej Al Tejari Street carry traffic through Business Bay.

Attractions

Dubai Canal
Waterfront

icon 7 min

Burj Khalifa

8 min

The Dubai Mall

7 min

Health Care

Mediclinic City
Hospital

icon 10 min

Emirates Hospitals Clinics

7 min

Aster Clinic

7 min

Education

Safa British
School

icon 3 min

GEMS Jumeirah Primary School

5 min

JESS Al Safa

2 min

Transportation

Dubai International
Airport

icon 12 min

Business Bay Metro Station

5 min

Sheikh Zayed Road

26 min

General FAQs

Below are the questions buyers ask most often about pricing, handover, the developer and daily life in the district. If something you need is missing, our advisers can walk you through the details and current availability.

Ask a Question

What is the handover date for Velor Tower?

Velor Tower is scheduled for handover in Q2 2027 and remains under construction. Buyers should confirm the completion timeline with Ginco Properties before signing the sale agreement. Under the current payment schedule, the final 40% of the purchase price is due at handover, tying the largest remaining installment to delivery of the residence.

How much does a penthouse at Velor Tower cost?

Four-bedroom penthouses currently start at AED 8,250,000, with the smallest available residence measuring 3,000 sq ft. Five-bedroom penthouses start at AED 17,500,000. Current asking prices average around AED 2,750 per sq ft across the project sample. Payment is staged at 10% on booking, 50% during construction and 40% on completion, without interest. The 4% Dubai Land Department transfer fee applies, while UAE residential purchases carry no VAT.

What is the average price of an apartment in Business Bay?

Current asking listings across Business Bay average roughly AED 2,359 per sq ft. Transaction-based data for 1 January to 6 June 2026 puts the district average at about AED 2,547 per sq ft. Prices generally run 10–20% below neighbouring Downtown Dubai for a comparable central location, giving buyers access to the canal, major roads and the Red Line without paying typical Downtown rates.

Is Business Bay a good area to live in?

Business Bay suits people who want a central address with walkable daily amenities and strong transport links. The district runs along the Dubai Water Canal directly south of Downtown, with the Red Line, Bay Avenue Mall, supermarkets, clinics and numerous restaurants nearby. It has evolved from a mainly commercial area into a mixed-use neighbourhood. Families should note that schools sit outside the district, requiring travel by car or school bus, and some towers carry substantial short-let inventory.

What unit types are available in Velor Tower?

The building holds 29 residences and consists entirely of penthouses, with four-bedroom and five-bedroom configurations. There are no studios or smaller apartments in the tower. Four-bedroom penthouses start at 3,000 sq ft. Every bedroom is en-suite, staff quarters sit separately from family areas, and five-bedroom penthouses add a second kitchen, dedicated guest space, private offices and entertainment rooms. Ceilings reach 3.2 metres throughout.

Which amenities does the tower provide for residents?

Shared facilities are spread across the podium levels and the roof. Residents have a rooftop infinity pool with open city views, a fitness centre, yoga lawns and a spa divided into male and female areas. Family provision covers mini golf, playgrounds, a kids' club and lounges, with barbecue zones and on-site cafés and restaurants alongside. Service is the differentiator: 24-hour concierge, doorman, valet parking, laundry and dry cleaning on request, private delivery, and a chef bookable when you need one. EV charging is installed in the car park.

Can foreign nationals buy in Velor Tower?

Yes. Business Bay is a designated freehold zone, so non-residents and expatriates can own a penthouse here outright, in their own name, with no local partner required. Purchase costs include the standard 4% Dubai Land Department transfer fee; residential property in the UAE carries no VAT, unlike commercial deals. The staged 60/40 schedule means a buyer commits 10% at booking rather than the full amount up front, which is often the deciding factor for overseas purchasers timing their transfers.

What returns can an investor expect from this project?

Velor Tower has not handed over, so there is no verified in-tower rental yield or resale record yet. Business Bay nevertheless offers an active backdrop: district rents across all unit types rose 18.2% year-on-year in Q4 2025, and vacancy fell below 6% in Q1 2026. Velor Tower also has a limited inventory of 29 penthouses, giving future landlords and sellers a product with little direct competition inside the building.

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Velor Tower
Amirans Kavtaradze

List by

Amirans Kavtaradze

  • 100% free guidance & advice
  • 0% tax on rental income & profit upon sale
  • High returns
  • Flexible payment plan with 0% interest
  • 24/7 support

Velor Tower

Starting Price AED 8,25 mln

Payment Plan 60/40

Handover Q2 2027