VELOR is an ultra-exclusive residential project located in the prestigious Downtown District within Business Bay. This unique skyscraper, entirely composed of penthouses, embodies the concept of a private club format. The project is being developed by Ginco Properties, part of one of the oldest construction groups in the UAE, with a history dating back to 1975.
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Downtown Dubai is one of the most iconic and prestigious districts in the city. It is home to legendary landmarks, including Burj Khalifa, Dubai Mall, and Dubai Fountain. The area offers a variety of luxurious residential complexes, elite boutiques, world-class restaurants, and modern commercial spaces, creating the perfect conditions for a dynamic and luxurious lifestyle in the heart of Dubai.
As the city’s main cultural and business center, Downtown Dubai blends modern technology with elements of traditional architecture. Its convenient location provides quick access to key areas such as Dubai Marina, Jumeirah, and Dubai International Airport.
Property prices in the area are in the premium segment, ranging from AED 20,000 to AED 40,000 per square meter for residential properties. Steady demand for both short-term and long-term rentals, as well as high tourist traffic, contribute to the consistent growth in prices and returns.
