VELOR
Off-Plan

VELOR

From AED 8.25M·Handover Jun 2028·10% down payment Payment
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AED 8.25M
Starting Price
Jun 2028
Handover
10% down payment
Payment Plan
4 BR · 5 BR
Type

Project Overview

VELOR is a premium residential development by Ginco Properties, exclusively presented by One Broker Group, located in the prestigious Business Bay district in the heart of Dubai. The complex comprises two basement levels, three podium floors, and twenty six residential floors. The project offers exclusive four- and five-bedroom penthouses, featuring finishes from leading Italian and German brands — a perfect blend of craftsmanship, style, and comfort. The building showcases a striking contemporary design: a light glass faсade enhanced by vertical lighting creates an elegant silhouette against the city skyline. Clean geometry and open balconies add a sense of lightness and dynamic appeal to the architecture. The residences feature spacious, light-filled interiors with open-plan layouts, floor-to-ceiling windows, and high-quality materials. Kitchens are equipped with state-of-the-art appliances, bespoke cabinetry, and premium stone countertops, while spa-inspired bathrooms offer a serene and relaxing atmosphere. Residents have access to world-class amenities, including a rooftop infinity pool, fitness center, outdoor yoga zone, and gym. VELOR boasts a prime location within walking distance of Dubai’s most iconic landmarks: just 5 minutes to Burj Khalifa and Dubai Mall, 5 minutes to Dubai Canal, and approximately 15 minutes by car to Palm Jumeirah and Dubai International Airport.

Project Specifications
DeveloperGinco Properties
LocationBusiness Bay
Unit Types4 BR, 5 BR, Penthouse
AreaBusiness Bay
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 355,988 / year
Cash-on-Cash
2.2%
Levered cashflow AED 83,738
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 536,250 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
VELOR launch basis9,167AED 8.25MCurrent launch / asking basis
Business Bay ready-stock comps1,900AED 1.71MIndicative resale benchmark
Business Bay premium peer launches2,350AED 2.12MNew-launch peer set
Trophy alternative proxy2,950AED 2.65MHigher-end anchor for negotiation context

Gallery

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VELOR official render 1

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VELOR official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Ginco Properties.

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Payment Structure

10% down payment

Flexible Payment

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Amenities & Lifestyle

BBQ
Children’s pool
Concierge Service
Covered gym
Coworking zone
Dining outlets (coffee houses & restaurants)
Electric Vehicle Charger
Golf course
Infinity pool
Kids Play Area
Laundry
Lift
Lobby
Parking
Recreational areas
Retail outlets
SPA
Sauna
Security and CCTV
Social zone
Valet parking
Yoga studio

Location

Business Bay

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Business BayBusiness BayDubai, UAE

Developer Track Record

01

VELOR by Ginco Properties

02

Located in Business Bay

03

Starting from AED 8,250,000

04

Unit mix includes 4 BR, 5 BR, Penthouse

05

Expected handover: Jun 2028

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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