New homes in Velor Penthouses start at AED 8,250,000; keys are due Dec 2027; you pay 10% to book, 50% while it is built and 40% at the keys.
Keys
Dec 2027
The developer's handover date
Payment plan
10 / 50 / 40
10% to book, 50% while it is built, 40% at the keys
Bedrooms
4 to 5 beds
Sizes
3,000 to 6,018 sq ft
Ownership
Freehold
Property types
Penthouse
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 2,750 per sq ft
At the smallest size listed
We couldn't match this project to the Dubai Land Department project register yet. Ask us for its RERA project number.
Paying for it
You pay 10% when you book, 50% as the building goes up, and 40% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
10%
AED 825,000
Feb 2027
While it is built
12.5%
AED 1,031,250
Apr 2027
While it is built
12.5%
AED 1,031,250
Jul 2027
While it is built
12.5%
AED 1,031,250
Sep 2027
While it is built
12.5%
AED 1,031,250
Dec 2027
Keys
40%
AED 3,300,000
Booking payment, 10%
AED 825,000
Dubai Land Department fee (Oqood), 4%
AED 330,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 1,155,000
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
Every off-plan project in Dubai must have an escrow account at a bank, watched by RERA. Pay into that account, never to a person. Ask for the account number.
Budget for the service charge.
Buildings in this area paid a median of AED 26 per sq ft a year in 2023, from 22 buildings on the Dubai Land Department register. For the smallest home (3,000 sq ft) that is about AED 78,000 a year.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Downtown Dubai in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
4-bed apartmentFrom AED 8,250,000 here
Off-plan medianAED 28,322,000AED 5,399 per sq ft
Sales36
Too few sales to check: 4
5-bed apartment
Off-plan medianToo few sales for a median
Sales2
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from price
18.2%
Typical for similar ready homes
9.2%
Median rent of 4-bed apartments in Downtown Dubai
AED 1,500,000 a year
Rent contracts counted
63
Rented between
Apr 1, 2025 and Mar 31, 2026
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 1,500,000 ÷ AED 8,250,000 = 18.2%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Burj Khalifa/Dubai Mall Metro Station1.8 km, 7 min driveMetro station
Mandarin Oriental4.5 km, 8 min driveBeach
Business Bay creek front1.2 km, 20 min walkWaterfront
Hartland International School2.4 km, 8 min driveSchool
Dubai International School3.2 km, 8 min driveAmerican school
Velor Penthouses is a Ginco Properties building in Downtown Dubai with four- and five-bedroom penthouses from AED 8,250,000 and a listed handover of December 2027. At the from price, AED 4,950,000 is paid before handover and AED 3,300,000 on handover.
Every home in the listing is a penthouse, with four or five bedrooms and sizes from 3,000 to 6,018 sq ft. The listing has two floor plans. Ask which units are for sale and the price of each, since the from price may apply to one layout only.
The plan is 10% on booking, 50% during construction and 40% on handover. At the from price that is AED 825,000, AED 4,125,000 and AED 3,300,000, so 60% of the price is paid before handover. Get the dated payment schedule to see when the construction payments fall. Separately, the 4% DLD fee comes to AED 330,000; ask when it is due.
Residents get a gym, a shared pool, a children's pool and a children's play area. The building has a lobby and covered parking, and the homes have balconies. Ginco describes open-plan layouts with large windows, and the listing mentions views of local landmarks. Ask which views the unit you are offered has, and for the finish specification.
Shades Medical Center is about 160 m away, around a 3-minute walk, and the Business Bay creek front about 1.2 km. Burj Khalifa/Dubai Mall Metro Station is about 1.8 km away, around 7 minutes by car. Hartland International School is about 2.4 km away and Dubai International School about 3.2 km, each around 8 minutes by car. Dubai Creek Golf and Yacht Club is about 15 minutes' drive.
