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About VELOR
VELOR is a Ginco Properties residential tower in Downtown Dubai positioned at the upper end of the market, following the developer's One Residence.
Starting prices are cited at about AED 8.25M, with one portal quoting AED 16.5M, on a 60/40 plan with 10% deposit and 50% across six instalments.
Handover is scheduled for Q4 2027.
Payment
Payment plan
60/40 — 10% on booking, 50% during construction, 40% on handover
At a glance
VELOR key facts
- Developer
- Ginco Properties
- Community
- Downtown Dubai
- Status
- Under construction
- Handover
- Q4 2027
- Starting price
- AED 8.25M
- Unit types
- 2 Bedroom, 3 Bedroom, 4 Bedroom, Penthouse
- Payment plan
- 60/40
- Ownership
- Freehold — open to all nationalities
Cost breakdown
What you pay, and when
Worked example on the starting price of AED 8.25M. Amounts scale with the unit you choose.
At this price the purchase meets the AED 2M threshold for the 10-year UAE Golden Visa (subject to current ICP rules).
Process
How to buy at VELOR
- 01
Shortlist and reserve
Choose a unit type and view at VELOR and secure it with the booking deposit set out in the payment plan.
- 02
Sign the SPA
Ginco Properties issues the Sales and Purchase Agreement. Review the payment schedule, handover clause and specification before signing.
- 03
Oqood registration
The off-plan sale is registered with the Dubai Land Department (Oqood). The 4% DLD fee is payable at this stage.
- 04
Construction instalments
Instalments are paid into the project escrow account as construction milestones are reached.
- 05
Handover and title deed
On completion (scheduled Q4 2027), the final payment is made, a snagging inspection takes place and the title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Downtown Dubai address
- Six-instalment construction schedule
What to weigh
- Large pricing gap between portals
- Ultra-prime entry level
FAQ
VELOR — frequently asked questions
What is the starting price of VELOR?
Published pricing at VELOR starts from AED 8.25M. Developer pricing changes with each release, so contact MRK Real Estate to confirm current availability.
When is the handover of VELOR?
VELOR is scheduled for handover in Q4 2027. Off-plan timelines can move, so confirm the current schedule before committing.
What is the payment plan for VELOR?
60/40 — 10% on booking, 50% during construction, 40% on handover
Who is the developer of VELOR?
VELOR is developed by Ginco Properties in Downtown Dubai, Dubai.
What unit types are available at VELOR?
VELOR offers 2 Bedroom, 3 Bedroom, 4 Bedroom, Penthouse.
Where is VELOR located?
VELOR is in Downtown Dubai, Dubai.
Can foreigners buy at VELOR?
Yes. Downtown Dubai is a freehold area, so buyers of any nationality can own property at VELOR outright.
Does buying at VELOR qualify for the UAE Golden Visa?
Units at VELOR start at AED 8.25M, which meets the AED 2 million property threshold for the 10-year UAE Golden Visa (subject to current ICP rules).
What are the purchase costs at VELOR?
Beyond the purchase price, the Dubai Land Department charges a 4% registration fee — about AED 330K on the starting price — plus a small admin and trustee fee.
How do I buy or sell at VELOR?
MRK Real Estate advises on primary purchases and resales at VELOR. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-10-31. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with Ginco Properties before any transaction.
