VELOR by Ginco Properties

VELOR is a penthouse-exclusive residential tower in Downtown Dubai developed by Ginco Properties, a UAE-based construction group with over 45 years of industry experience. The company has previously delivered landmark projects for Emaar and Nakheel. VELOR represents Ginco's first signature luxury development under its own brand.

VELOR contains only 29 freehold penthouses in total, split between 4-bedroom and 5-bedroom configurations. This deliberately limited inventory is central to the project's exclusivity and long-term value proposition. Once sold, no comparable product will be available within the same building.

4-bedroom penthouses average approximately 3,000 sq. ft. and 5-bedroom units average approximately 6,017 sq. ft. Prices start from AED 8,250,000, equating to around AED 2,700 per sq. ft. Contact the sales team for a current unit-by-unit pricing schedule.

Residences offer direct views of Dubai Canal, partial Burj Khalifa sightlines, and broad community panoramas across the Downtown District. Given the tower's position adjacent to the canal and proximity to Burj Khalifa, upper-floor units enjoy some of the most recognisable skylines in the world.

Every unit comes with premium German and Italian finishes, luxury branded appliances, en-suite bedrooms, a maid's room, and 3.2-metre ceiling heights throughout. Select 5-bedroom penthouses include dual kitchens and dual living rooms. The building is equipped with integrated smart home technology, EV charging stations, and valet parking.

VELOR is offered on a 60/40 payment plan — 60% is payable during the construction phase and the remaining 40% is due on handover. This structure is standard for quality off-plan product in Dubai and helps investors manage cash flow across the development timeline through to Q4 2027.

Handover is scheduled for Q4 2027. Ginco Properties brings direct construction expertise to the project, which reduces third-party contractor risk and supports delivery confidence. Buyers should request the full construction milestone schedule from the developer's sales team.

Yes, all units in VELOR are freehold and available to international buyers. At AED 2,700 per sq. ft. in Downtown Dubai — one of the world's top-performing prime residential markets — the entry point for a full penthouse floor plate is considered competitive. The extreme scarcity of penthouse-only buildings in this district supports both rental yield and long-term capital appreciation.