Velor Tower
by Ginco Properties · 📍 Business Bay
Price from
AED 8.25M
Velor Tower is a project by Ginco Properties in Business Bay, Dubai. Prices start from AED 8.25M. It offers 4 Bedroom and 5 Bedroom. Ginco Properties states handover in December 2027. It was 0% built at the official RERA site inspection of 12 February 2025.
Official brochure
Full unit layouts & floor plans are inside the brochure. Source: independent listing source.
About the project
<p>Velor is an upcoming high-rise residential tower set in the heart of Business Bay. The off-plan development by Ginco will be positioned near Sheikh Zayed Road (E11) and Al Khail Road (E44), offering seamless connectivity across Dubai. It will feature a limited collection of premium and full-floor residences, each spanning an impressive 6,200 sq. ft. <p>Every detail will be designed to elevate your lifestyle, from the state-of-the-art fitness centre and panoramic swimming pool to the serene spa and wellness facilities. Residents can enjoy beautifully landscaped gardens, tranquil outdoor spaces, a children’s play area and 24-hour concierge and security services. High-speed elevators and covered parking further enhance comfort and convenience.
Construction progress
0% complete at the latest RERA site inspection on 12 Feb 2025; scheduled completion 1 Nov 2027.
Project register as of 15 Oct 2026.
Escrow account 3718441443613 at Emirates Islamic Bank P.J.S.C.. Payments for units in this project go into this account.
Official RERA site-inspection records for registered project #3392, updated daily. Tap a photo for the full-size original.
Amenities
How it compares in Business Bay
50 other off-plan projects in Business Bay · average entry price AED 2.18M · this project starts at about 4 times that average: it is in a different price segment, so the projects below are not like-for-like
Velor Tower: questions and answers
What is the starting price of Velor Tower?
Prices at Velor Tower start from AED 8.25M, for homes from 3,000 sqft (279 m²), as published by Ginco Properties.
What is the payment plan for Velor Tower?
The payment plan published by Ginco Properties for Velor Tower is: 10% down, 50% pre-handover, 40% handover.
When is the handover of Velor Tower?
Ginco Properties states handover of Velor Tower in December 2027. The Dubai Land Department project register lists the completion date of the project as November 2027.
How much of Velor Tower is built?
Velor Tower was 0% complete at the official RERA site inspection of 12 February 2025.
Is Velor Tower registered with the Dubai Land Department?
Yes. Velor Tower is registered with the Dubai Land Department as project number 3392, and its escrow account is held at Emirates Islamic Bank P.J.S.C.. By law, buyers' payments for an off-plan home in Dubai go into the project's escrow account.
Who is the developer of Velor Tower?
Velor Tower is developed by Ginco Properties. The Dubai Land Department project register lists 4 projects for Ginco Properties: 2 delivered and 2 under construction.
Where is Velor Tower located?
Velor Tower is in Business Bay (Velor Tower), Dubai.
What unit types does Velor Tower offer?
Velor Tower offers 4 Bedroom and 5 Bedroom, with sizes from 3,000 sqft (279 m²). The project has 52 units in the Dubai Land Department project register.
How does Velor Tower compare with other off-plan projects in Business Bay?
The starting price of Velor Tower (AED 8.25M) is about 4 times the average starting price of 10 other off-plan projects in Business Bay, which is AED 2.18M. It is in a different price segment, so those projects are not like-for-like.
What is the average price per sqft in Business Bay?
Apartments in Business Bay sell for about AED 1,864/sqft (AED 20,061/m²), based on 2,421 registered sales in the last 12 months.
What rental yield can I expect in Business Bay?
Apartments in Business Bay yield about 6.0% gross, or about 5.0% net after service charges, based on 18,597 registered rent contracts and 2,421 sales in the last 12 months.
What are the service charges in Business Bay?
Service charges for apartments in Business Bay are about AED 18.31/sqft (AED 197/m²) a year, per an independent third-party source. The exact rate depends on the building, so confirm it with the developer before buying.
What amenities does Velor Tower have?
Velor Tower lists these amenities: Gym or Health Club, Kids Play Area and Swimming Pool.
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Source: live new-projects feed. Prices are "starting from" figures where published. Always verify with the developer before transacting. Project details last checked on 12 Feb 2025.