GINCO Properties
Twenty-nine four- and five-bedroom penthouses from AED 8.25 million — the smallest and most expensive project Ginco has published.
Location, price, unit mix, completion and apartment count are the developer’s own. Velor is unusual in that the developer gives its address as “Downtown District, UAE” while several listing portals place the tower in Business Bay; the two are adjacent, and at this price the difference should be settled before anything else.
Velor is not a tower in the way the rest of the Ginco portfolio is. There are 29 apartments in total, all of them four- and five-bedroom penthouses, starting at AED 8.25 million with 20% payable to book and completion targeted at Q4 2027. In a city that launches thousands of units at a time, a 29-unit building is a different product: fewer neighbours, higher service charge per unit, and a resale market measured in single units rather than floors.
The developer’s copy sells privacy and view rather than specification: “breathtaking panoramic views”, “meticulously crafted interiors”, “refinement and privacy”, a home that is “a bold statement of distinction”. There is no amenity list, no floor-plate information and no size per penthouse on the page — and at AED 8.25 million for the entry unit, size per square foot is the single most important number in the decision.
The location wording is the first thing to test. Ginco says “Downtown District, UAE”. Several listing portals and agency sites describe Velor as a Business Bay tower. The districts share a border along Sheikh Zayed Road, so both descriptions can be technically true of different plot lines — but the view, the address on the title and the price per square foot are all affected by which one it is. Ask for the plot number.
What to weigh. Twenty-nine units at AED 8.25 million and up means a thin, slow market: expect to hold, and expect resale to depend on finding a specific buyer rather than on a district average. Because the building is small, the service charge per apartment is spread over fewer owners, and penthouse amenity space is expensive to run. Ask for the estimated charge per square foot in writing, and compare the price with completed Downtown penthouses on a rate basis, not a lump sum.
Compiled October 2026 from Ginco Properties’ official Velor page, with the location discrepancy noted.
| Configuration | Published detail |
|---|---|
| 4 bedroom | Penthouse — size on request |
| 5 bedroom | Penthouse — size on request |
| Total | 29 penthouses |
Ginco does not publish a floor area for any Velor penthouse, a count per type, or a floor-plate drawing on the project page — the floor plans sit behind a download request. For a building of 29 units, ask for the full schedule: floor, orientation, internal area, terrace area, and which units are still available. The terrace is often 20–30% of the usable space in a penthouse and it is priced differently from internal area.
The developer advertises pay 20% to book. Nothing else is published: no milestone table, no handover percentage, no post-handover tail.
On a AED 8.25 million entry price, 20% is AED 1.65 million payable before any construction milestone is demonstrated. That is a large amount to commit against a page with no schedule on it. Ask for the instalment table, the escrow details and the SPA in that order, and do not reserve on the strength of a brochure.
No amenity list is published for Velor. The page offers a photo gallery, floor plans and a brochure download, and nothing about facilities, parking, concierge or leisure space.
In a 29-unit building, amenities are a cost decision as much as a lifestyle one. A pool, gym and concierge shared between 29 owners is a materially higher charge per apartment than the same facilities shared between 200, and penthouses carry the largest share of the building’s common area. Ask what is planned, who operates it, and what the developer estimates the annual charge will be per square foot.
Ginco describes the location as “Downtown District” — the Downtown Dubai side of Sheikh Zayed Road, with Burj Khalifa, Dubai Mall and the Boulevard within the district. Several listing portals place Velor in Business Bay instead.
The distinction matters for view and address rather than for convenience: the two districts are walkable to each other, but a Downtown address carries a different price per square foot and a different short-let profile from a Business Bay one. Ask for the plot number and check it against the Dubai Land Department register before you accept either description.
A 29-unit penthouse building by Ginco Properties, with four- and five-bedroom apartments from AED 8.25 million and a Q4 2027 completion target.
Ginco says Downtown District. Several listing portals say Business Bay. The districts adjoin, so both descriptions circulate, but the title deed and the plot number will settle it — ask before you reserve.
From AED 8.25 million, according to the developer. That is the entry price; the five-bedroom units and the upper floors will be higher, and Ginco does not publish the individual prices.
Ginco does not publish floor areas for Velor. Ask for internal and terrace areas per unit in writing — at this price, the rate per square foot is the number to negotiate on.
20% to book, with no further schedule published. Request the full instalment table and the escrow details before committing.
Q4 2027, according to the developer. Confirm the contractual date and the delay clause in the sale and purchase agreement.
One enquiry, answered by a person. Current price list, unit availability, service-charge estimate and our honest read on the numbers — within one working day.