Velor Penthouses

Velor Penthouses is a collection of ten furnished penthouses rising in Business Bay, developed by Ginco Properties and scheduled for completion in June 2028.

# A Single Tower in One of Business Bay's Most Contested Postcodes

Business Bay has spent the better part of a decade transitioning from a corporate address into a fully residential neighbourhood, and the ground it occupies adjacent to Downtown Dubai has become among the most contested in the emirate. Velor sits within this zone, a single-building development rather than a sprawling master community, which concentrates both its identity and its value proposition into one structure.

The architecture draws on the language familiar to contemporary Gulf towers: expansive glazing, geometric massing, and a facade designed to register from a distance. What distinguishes the building here is restraint of scale. Ten residences across one tower means lower density than most Business Bay addresses, and that sparseness is part of the proposition.

# Four- and Five-Bedroom Penthouses: Sizes, Pricing and Furnishing

The collection divides into two configurations. Four-bedroom penthouses run to approximately 3,000 sq ft, priced at AED 8.25 million to AED 8.55 million. Five-bedroom penthouses reach 6,018 sq ft, with pricing spanning from AED 17.955 million to just over AED 20.64 million depending on the specific unit.

All residences are delivered furnished.

Interiors follow the conventions expected at this price point: open-plan living areas, large-format windows designed to frame canal and city views, and kitchen specifications that include stone countertops and custom cabinetry. Bathrooms take their cues from spa design rather than standard hospitality fitout. The combination of generous square footage and full furnishing removes a significant logistical burden for buyers arriving from London, Geneva or Singapore who are not staging a permanent relocation.

Service charges are fixed at AED 22 per sq ft, a figure worth modelling against comparable Business Bay buildings before committing.

# Amenities: Wellness-Oriented Across Multiple Facilities

The amenities list is weighted toward wellness and low-intensity recreation. Ginco has included separate male and female spas, a zen garden, a zen lounge, a zen area, and a fitness centre, all alongside an infinity pool and a kids' pool with a dedicated play area.

# For Residents with Families or Frequent Guests

The BBQ area and executive lounge sit at the more social end of the programme. These are practical additions for a penthouse building where residents are likely to entertain rather than rely on the lobby bar of an adjacent hotel.

# Proximity to Downtown, the Canal and Dubai International Airport

The distances here tell much of the story. Souk Al Bahar is 750 metres away. Burj Park sits at 1.1 km. Downtown Dubai, with its concentration of retail, dining and the Burj Khalifa, is 1.3 km from the building. These are walkable distances for a city not known for pedestrian culture, which matters to European buyers accustomed to urban density.

Dubai International Airport is approximately 15 km out, a drive that in reasonable traffic takes well under thirty minutes. For buyers who split time between the Gulf and elsewhere, proximity to DXB carries real practical weight. Mercato Beach on Jumeirah is around 6 km, accessible enough for weekend use without requiring a cross-city journey.

# Who This Development Is Built For

Ten units at this price point is a deliberately small release. Ginco is not pitching volume; the project targets buyers for whom a 6,000 sq ft furnished penthouse represents either a primary Gulf residence or a high-specification second home held partly for yield.

Business Bay continues to attract residents priced out of Downtown Dubai proper but unwilling to trade walkability to its amenities. At AED 8.25 million entry for a furnished four-bedroom at roughly 3,000 sq ft, Velor sits at a premium within Business Bay's penthouse tier without reaching the upper ceiling of Palm Jumeirah or Dubai Hills trophy stock. For the buyer who wants Downtown adjacency, canal views and low building density under one ownership structure, the arithmetic is straightforward enough to evaluate.