Velor Penthouses

Velor Penthouses is a collection of ten furnished residences in Business Bay, developed by Ginco Properties and scheduled for completion in Q4 2027. The project occupies a single tower and is currently under construction, with prices ranging from AED 8.25 million for four-bedroom penthouses to just over AED 20.6 million for the largest five-bedroom configuration.

# The tower and its position in Business Bay

Business Bay has matured considerably over the past decade. Once a corridor of office blocks and half-finished plots, it now functions as one of Dubai's denser mixed-use addresses, with a residential character that has gradually overtaken its commercial origins. Velor sits within this context, a single-building scheme that prioritises exclusivity over volume.

Ten units across one tower means the building is, by design, intimate. That restraint shapes everything from the amenity programme to the sense of address. Ginco Properties has positioned this as a penthouse-only product rather than a conventional multi-storey stack, and the architecture reflects that intent: large glazed facades, bold exterior lines, and an orientation calibrated to capture the views Business Bay's elevation affords.

# Residences: layouts, scale and specification

The unit mix divides into two bedroom configurations. Four-bedroom penthouses come in at approximately 3,000 sq ft, priced from AED 8.25 million. Five-bedroom penthouses reach 6,017 sq ft, with pricing spread between roughly AED 17.95 million and AED 20.64 million depending on floor and aspect.

All residences are delivered furnished. Interiors feature open-plan living areas, large windows, custom cabinetry, and stone countertops in the kitchen. Bathrooms are finished to a spa-adjacent specification. The floor plates at 6,000-plus sq ft are substantial by any measure, and even the entry-level four-bedroom at 3,000 sq ft sits well above what most Dubai towers offer at comparable price points.

Service charges are set at AED 22 per sq ft annually, which for a 6,000 sq ft unit translates to approximately AED 132,000 per year. Buyers should factor that into yield and running-cost calculations.

# Amenities: wellness, leisure and family provision

The amenity list covers the expected wellness infrastructure alongside several more considered additions. There are separate male and female spas, a fitness centre, and an infinity pool. A kids pool and children's play area make provision for family use.

# The zen programme

The more distinctive strand is what Ginco has grouped under a wellness identity: a Zen Area, Zen Garden, and Zen Lounge sit alongside the conventional amenities, suggesting an attempt to give the building a coherent spatial tone rather than a generic gym-and-pool formula. A BBQ area and Executive Lounge round out the communal offer.

# Location: proximity to Downtown and key connectors

Velor's address places it 1.3 km from Downtown Dubai and roughly 750 metres from Souk Al Bahar. Burj Park is 1.1 km away. These are walkable distances in cooler months, and the proximity to the Downtown core gives residents immediate access to the dining, retail and cultural infrastructure concentrated around the Burj Khalifa district.

Dubai International Airport is 15.1 km from the site. Mercato Beach, on the Jumeirah shoreline, is 6 km out. The area is well served by the Dubai Metro's Red Line via Business Bay station, which reduces car dependency for residents who travel frequently or prefer not to drive.

# Who this project suits, and where it sits in the market

A ten-unit building with no entry-level smaller units is a deliberate statement about buyer profile. Velor is not structured for investors seeking high-volume rental yield. The scale, the furnished specification, and the pricing suggest a product aimed at owner-occupiers, or at buyers seeking a primary Dubai base rather than a portfolio asset.

For European and British buyers accustomed to Georgian or lateral conversions in London, 3,000 sq ft at AED 8.25 million (roughly £1.76 million at current rates) offers a comparison that holds up. GCC buyers upgrading from apartment living to something closer to a private-floor residence will find the five-bedroom configuration particularly relevant. The Q4 2027 completion timeline gives buyers in the current cycle enough runway to plan a transition without urgency.

The scarcity element here is structural rather than marketing language. There are ten units. Once sold, the building closes.