Velor Tower is a residential project by Ginco Properties in Business Bay, Dubai, with prices from AED 82 500 000, handover Q4 2027, 52 units.
Layouts and sizes
| Type | Units | Size, sq.ft |
|---|---|---|
| 4 Bedroom | 46 | 3 000 |
| 5 Bedroom | 3 | 6 018 |
| NA | 3 | 1 057–2 200 |
All units are freehold. Data from the DLD registry.
Payment plan 60/40
- Down payment20%
- During construction40%
- On handover40%
Construction progress
- StatusActive
- Construction started2025-05-01
- HandoverQ4 2027
- Status date12.02.2025
- Escrow bankEmirates Islamic
- DLD project number3392
Data from the Dubai Land Department project registry (updated 12.08.2026 09:55).
Construction photos are taken by the technical inspectors of the Dubai Land Department (DLD) and remain its property. We show compressed copies; full-resolution originals are available in the Real Estate Project Status service.
All Dubai construction in the DLD register · Developer: Ginco Properties · District: Business Bay
Recent transactions
| Date | Type | Size, m² | Price, AED |
|---|---|---|---|
| 13.02.2024 | 2 393.1 | 121 000 000 | |
| 01.04.2019 | 2 393.1 | 44 000 000 |
Dubai Land Department transaction registry, updated 2026-08-11. Explore Dubai property transactions →
Amenities
- EV Charging Stations
- Visitor Parking
- Ample Parking Space
- Rooftop Infinity Pool
- Fitness Center
- Outdoor Yoga
- Gym
- Spa & Sauna
- Mini Golf
- Zen Area
- Zen Garden
- Zen Lounge
- Kids Play Area
- Female Spa
- Male Spa
- Family-Friendly Spaces
- BBQ Area
- Outdoor Recreation Spaces
- Cafés
- Executive Lounge
- Restaurants
- Kids Pool
- Valet Service
- Concierge Service
- Porter Service
- Dedicated Delivery Area
- Chef on Demand
- Laundry on Demand
Places nearby
About the project
Velor Tower is a 52-unit residential and commercial development by Ginco Properties in Business Bay, Dubai. The building is planned as 2 basement levels, a ground floor, three podium levels, 28 floors, a service floor and a rooftop level. The project is active, with completion recorded at 0%, and handover is scheduled for Q4 2027.
The project and its architecture
Velor Tower is designed as a single-building development in Business Bay. Its composition includes two basement levels, a ground floor, three podium levels, 28 floors, a service floor and a rooftop level. The exterior design features sleek lines, bold contours and expansive windows, while the reception is designed with floor-to-ceiling windows, textured finishes and a dedicated reception area. The lift lobby is conceived to prioritise privacy on the journey from arrival to the residences. The building’s location places it within Business Bay, a mixed-use district on the Dubai Canal corridor with residential towers, office buildings, waterfront promenades and internal road networks.
Apartments and interior finishes
Velor Tower comprises apartments with open-plan layouts, large windows and light-filled living spaces. Interior details include custom cabinetry, premium stone countertops and spa-inspired bathrooms. The kitchen specification includes appliances, with both show-kitchen and service-kitchen areas presented in the design. Concealed pantries, built-in vanity compartments, a laundry area and a master office are also included in the interiors shown for the project. The building’s 52 units form the complete unit count for the development. The project is presented as residential and commercial, with the apartments forming its residential component.
Wellness, leisure and family facilities
The rooftop infinity pool is a central leisure facility at Velor Tower. Wellness provision includes a fitness centre, gym, outdoor yoga space, spa and sauna, alongside separate female and male spa areas. Outdoor recreation facilities include mini golf, a zen area, zen garden and zen lounge. Family facilities include a children’s pool, children’s play area, family-friendly spaces, a BBQ area and further outdoor recreation spaces. Dining and social spaces include cafés, restaurants and an executive lounge. EV charging stations, visitor parking and ample parking space are included within the project’s listed facilities.
Resident services and arrival
Velor Tower includes valet, concierge and porter services. A dedicated delivery area is planned to support deliveries at the building, while chef-on-demand and laundry-on-demand services form part of the listed service offering. The arrival sequence includes the reception and lift lobby, with parking provision that includes visitor parking and EV charging stations. The project also includes cafés, restaurants and an executive lounge among its dining and social facilities. These services sit alongside the building’s wellness, recreation and family amenities.
Business Bay location and nearby destinations
Velor Tower is located in Business Bay, positioned on Dubai’s central urban spine beside the Dubai Canal corridor. The project identifies Burj Khalifa, Dubai Mall, Dubai Opera, Dubai Canal, City Walk and Bay Avenue Mall & Park as five-minute destinations. DIFC, J1 Beach, Burj Al Arab and Mall of the Emirates are listed at 10 minutes, while Palm Jumeirah, Dubai Marina and Dubai International Airport are listed at 15 minutes. Business Bay is served by the Dubai Metro Red Line and connects to Sheikh Zayed Road and Al Khail Road through the local arterial network.
Payment plan and handover
Velor Tower is offered on a 60/40 payment plan. The payment structure requires 20% on booking, followed by 40% during construction and 40% on handover. The scheduled handover period is Q4 2027. The project’s recorded completion date is 1 November 2027. Velor Tower is active, with a recorded completion ratio of 0%. The starting price is AED 82,500,000.
The developer
Ginco Properties is the developer of Velor Tower. Ginco Properties is part of GINCO Group, which was established in 1975 by Gheyath Mohammad Gheyath. The group’s stated legacy spans more than 45 years and includes work across the region’s evolving skyline. Velor Tower is Ginco Properties’ development in Business Bay, bringing together residential apartments, commercial building use, resident amenities and on-demand services within one 52-unit project.
