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Overview
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payment plan
in a nutshell

Location
Downtown Dubai, UAE
Next to Dubai Canal | Walk to Burj Khalifa & Dubai Mall

Property Type
Exclusive 4 & 5 BR Freehold Penthouses

Key Features
Luxurious penthouse-only tower with canal, community, and partial Burj Khalifa views. Each unit includes en-suite bedrooms, 3.2M ceilings, maid’s room, and premium German/Italian finishes. Select 5BRs offer dual kitchens and living rooms. Smart building tech, EV charging, and valet service included.

Investment Opportunity
At AED 2,700/sq. ft., VELOR offers strong ROI in Dubai’s booming market. Rare penthouse units make this a prime investment.
...
Swimming pool
...
24/7 Security
...
Garden
...
Parks

About VELOR by Ginco Properties

Request Available Units & Prices

VELOR by Ginco Properties – A Legacy of Excellence in Downtown Dubai

With over 45 years of experience in the UAE, Ginco Properties has built a reputation for excellence, contributing to some of the country’s most iconic developments alongside industry leaders like Emaar and Nakheel. Now, Ginco steps into the spotlight with its own luxury creation — VELOR, a symbol of refined living in Downtown Dubai.

Spacious Residences

  • 4 BR Penthouses – Approx. 3,000 sq. ft.
  • 5 BR Penthouses – Approx. 6,017 sq. ft.

Positioned just steps from the Burj Khalifa, Dubai Mall, and Dubai Canal, VELOR offers an ultra-exclusive collection of only 29 penthouses. Designed with expansive layouts, floor-to-ceiling windows, and premium European finishes, each residence delivers unmatched privacy, elegance, and panoramic city views.

More than just a home, VELOR is a statement of timeless design and distinguished craftsmanship — a rare opportunity to live above it all in one of the world’s most desirable neighborhoods.
Downtown Dubai
5 Mintues

to Downtown Dubai

DXB Airport
15 Mintues

to DXB Airport

Dubai Marina
20 Mintues

to Dubai Marina

DWC Airport
45 Mintues

to DWC Airport

About Location
Downtown Dubai in Dubai

VELOR by Ginco Properties presents an exclusive opportunity to own a luxury penthouse in the heart of Downtown Dubai. Surrounded by landmarks like the Burj Khalifa and Dubai Mall, these residences offer panoramic views, high-end European finishes, and thoughtfully designed 4- and 5-bedroom layouts.

Located in one of Dubai’s most sought-after districts, VELOR provides seamless access to elite international schools, top-tier hospitals, and world-class dining, retail, and cultural experiences. It's a lifestyle crafted for those who value sophistication and convenience.

Priced from AED 2,700 per sq. ft., with handover expected in Q4 2027, VELOR promises strong investment potential through premium rental yields and long-term capital appreciation in a high-demand, low-supply market.

Eligible buyers can also benefit from Dubai’s long-term investor visas, including the 3-Year Property Visa (from AED 1.5M) and the 10-Year Golden Visa (from AED 4M), making VELOR a rare combination of luxury living and lasting value.

Floor Plans of Velor

4-Bedroom penthouse

Total

2999 sqft

5-Bedroom penthouse

Total

6017 sqft

You do not need to pay the full price upfront

01.

10%

Downpayment

02.

50%

During construction

03.

40%

On handover

Why do investors choose Dubai?

01
Rental yield of 8-15% yearly
02
Resale income of 20-40%
03
Resident visa for 10 years
04
No tax on buying, letting, or reselling

Frequently Asked Questions & Answers

According to Mercer’s survey 2024 Cost of Living City Ranking, Dubai still ranks in 15th position making it one of the appealing choices for real estate investors or buyers. According to the ideal estimation, the average cost of living in Dubai for an individual is between AED 5K to AED 5.5k monthly. Further, with a family of an average of four persons, one has to pay around AED 17K a month.

As a resident of UAE, you have to renew your driving license every 5 years. However, being a UAE or GCC national will increase this duration of renewal to 10 years. The process of license renewal is exceptionally easy as you can do this online via the RTA website, RTA smart App, Dubai Driving App or through self-service machines at any of the available Customer Happiness Centres. Additionally, it is significant for you to settle any of the traffic fines before the renewal. Besides, if you are under 21 you only need a valid Emirates ID. On the other hand, individuals above 21 age have to show an eye test certificate. The fee amount of this is AED 120 (USD 32) for customers younger than 21 and AED 320 (USD 87) for the driver above the age of 21. After applying for renewal you will get a temporary driving license. The time it will take for the renewal is between 5-15 days

You can sell your property in Dubai in just seven simple steps; Selecting a reputable real estate agent or agency, filling out forms A and B, Advertising your property for sale, setting the right price, signing Form F, Obtaining NOC, and finally transferring Ownership. These steps may vary, therefore, it is significant to take a property guide before selling your property asset.

There are various reasons why it is highly positive to invest in real estate in Dubai. One of the major reasons that make Dubai real estate attractive is the comparatively low prices of Emirates than Europe, America and Asia. Furthermore, investment in Dubai real estate is one of the major reasons in terms of reducing inflation. This is because there is a direct relation between the economic indicators and the demand for real estate. Another benefit of investing in Dubai real estate is a 3-year investor visa which you can obtain after purchasing ready-to-move property for a minimum amount of AED 750K (USH 205K), or a 5-year investor visa on opting for a ready-to-move residence for the initial cost of AED 2M (USD 545K). As a visa holder, you can bring your spouse and children to the UAE conveniently. Finally, the rental property in Dubai can generate an upto-staggering ROI of 8-10%, which is exceptionally impressive.

Many individuals wonder if foreigners can invest or buy property in Dubai and whether it can be considered a good long-term investment. The answer is yes, non-resident investors, expats, and foreign nationals in Dubai can own property on a freehold basis. This simply means that individuals can lease, buy or sell their property. Besides foreigners can buy property in Dubai for various lengths of time including freehold property, leasehold for up to 99 years or common hold with no age restrictions.

Dubai real estate is dynamic as well as comes in various price ranges from affordable property options to luxury real estate. The price of the residence is generally influenced by the location. On the other hand, the least expensive areas to buy apartments in the Emirates include Dubai Production City and International City. On the other hand, a few of the districts including NASHAMA Town Square and Serena offer low-cost exquisite living.

Dubai real estate offers plenty of property options, which you can opt for on an affordable budget. As of 2024, a few of the top affordable communities to invest in for beginners are Jumeirah Village Circle (JVC), International City, Dubai South and Dubai Investment Park.

In the bustling metropolis of Dubai, a shining Emirates of the UAE residents are allowed to buy properties in the designated freehold areas, Off-plan development, is highly appealing as their prices are exceptionally low and the developers offer attractive payment plans.

If you are a foreigner, you can acquire freehold ownership without any restriction whether it is a freehold property contract, off-plan property or a lease up to 99 years with no Visa required. Besides this, primarily you have two choices to invest in Dubai real estate either to invest in off-plan property or ready-to-move property.

The start with, the investment property market of Dubai offers high rental yields as compared to other stable real estate markets the ROI in Dubai is much higher that is up to 10% making it one of the highly appealing locations to invest. Additionally, the residences have world-class infrastructure, you can experience high-end living and economic stability all at once.

Off-plan properties in Dubai are the development projects that are under construction. In recent times, the interest of buyers in off-plan properties in Dubai has drastically increased. As per the news report by Arabia Business, in 2024 in July off-plan properties in Dubai, these properties accounted for 60% of property transactions which is a 49% increase from the previous year of 2023.

The process of buying an off-plan property in Dubai is exceptionally easy. As Dubai's real estate market is open for any of the buyers, the only things you will require are a Visa/Emirates ID and a passport copy.

Obtaining citizenship in the United Arab Emirates is easy and does not require a complex process. There are various neutralization methods including residency, marriage, merit, investment, Arabic proficiency and good reputation.

Purchasing a property in Dubai will grant you numerous positive outcomes from high rental yields of up to 10%, to unmatched amenities from exclusive and strategic locations to attractive opportunities to invest.

As the rule of residence, was implemented in 2019 that is UAE’s Golden Visa system offers long-term residence visas. This visa is automatically renewed on the condition that all the rules are adhered to. This visa is issued for the duration of 5 or 10 years.

Although the minimum investment amount required in Dubai depends on various factors the range may start from a few thousand AED to millions of AED. However, on average or according to the rough estimate the minimum investment amount in Dubai ranges from AED 10K to AED 50K.

Get a residence visa
from 2 to 10 years
with the purchase of a real estate starting from $205,000

  • – Visa with the right to extend
  • – Applies to all family members
  • – We assist with the documentation process

Benefits of having a residence visa:

  • – Open a bank account
  • – Start a business
  • – Tax-free income
  • – Enroll children at school

Got Confused? Complete A Quiz & Get The Best Offers

Being qualified property experts with years of experience, we realize how confusing Dubai’s off-plan property market could be for new buyers, as well as for professional investors. Especially when there are thousands of off-plan properties in Dubai.

You won’t need to look through countless listings on other the UAE's property websites. We have gathered all available information about off-plan property in one place and created a short quiz for you to find your perfect home in less than two minutes. Follow simple steps on the screen to get your personal selection of projects that meet all your requirements.

It takes less than 2 minutes

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Our Expert Will Help You
Buy The Best Property in Dubai

Leonetta Tarcsa

Senior Property Advisor

of Property Sales

971564189201
Dubai, UAE Building 1 Office #103 Bay Square
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