What is the payment plan for Velor Penthouses?

Velor Penthouses by Ginco Properties is sold on a 20/20/60 plan: 20% on booking, 20% during construction, 60% upon handover, as published by the developer.

How much is the booking amount for Velor Penthouses?

20% of the price. On the cheapest unit at AED 8.3M that is AED 1,650,000.

How much do I pay before I get the keys to Velor Penthouses?

100% of the price, the payment due on handover day included. On the cheapest unit at AED 8.3M that is AED 8.3M by handover in Q2 2028.

Does Velor Penthouses have a post-handover payment plan?

No. The published plan completes at handover in Q2 2028.

What are the registration fees on Velor Penthouses?

The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 8.3M that is AED 330,000. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.

When is the handover of Velor Penthouses?

Ginco Properties publishes Q2 2028, which is 21 months from now.

Ginco Properties · Business Bay · handover Q2 2028

Velor Penthouses payment plan

Velor Penthouses by Ginco Properties in Business Bay, Dubai is sold on a 20/20/60 payment plan. On the cheapest unit, starting from AED 8.3M, that is AED 8.3M (100%) paid by handover in Q2 2028. Handover is 21 months away.

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The Velor Penthouses payment plan in dirhams

Payment plan as published by the developer

Stage	Share
On booking	20%
During construction	20%
Upon Handover	60%

On the cheapest unit (4.5–5.5 BR, AED 8.3M)

On booking	AED 1,650,000
During construction	AED 1,650,000
Upon Handover	AED 4,950,000
Total (100%)	AED 8,250,000
Months to handover	21

Percentages as published by Ginco Properties. Dirham figures are those percentages applied to the published starting price of AED 8,250,000. Registration and other fees are not included.

The Velor Penthouses instalment schedule, line by line

Every instalment Ginco Properties publishes for Velor Penthouses, in order, with the charges listed alongside the plan.

Payment Plan

Published by Ginco Properties

Stage	Instalment	Share	On AED 8,250,000
On booking20%	On booking	10%	AED 825,000
	DLD Feefee	4%	AED 330,000
	Admin Feefee	fixed	AED 5,050
	30 days from the booking date	10%	AED 825,000
During construction20%	Sep 2026	5%	AED 412,500
	Jan 2027	5%	AED 412,500
	Jul 2027	5%	AED 412,500
	Jan 2028	5%	AED 412,500
Upon Handover	as published	60%	AED 4,950,000
Total of the plan		100%	AED 8,250,000

Lines marked fee (DLD Fee, Admin Fee) are charges the developer lists alongside the plan. They are paid on top of the price and are not part of the percentages above.

Instalments and charges as published by Ginco Properties; the dirham column applies each percentage to the published starting price of AED 8,250,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.

What each unit size pays at Velor Penthouses

The same plan, applied to the starting price Ginco Properties publishes for each size in the building.

Unit	From	On booking (20%)	During construction (20%)	Upon Handover (60%)
4.5 bedfrom 3,000 sq ft	AED 8,250,000	AED 1,650,000	AED 1,650,000	AED 4,950,000
5.5 bedfrom 6,018 sq ft	AED 17,955,000	AED 3,591,000	AED 3,591,000	AED 10,773,000

Starting price per size as published by Ginco Properties; each column is that size’s published starting price multiplied by the stage percentage above.

What it costs to register Velor Penthouses

The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Ginco Properties and not to EZRE, and it sits outside the payment plan above. Administration, trustee and any developer charges are separate and are not shown here.

Unit	From	Land Department 4%
4.5 bed	AED 8,250,000	AED 330,000
5.5 bed	AED 17,955,000	AED 718,200

4% applied to each published starting price. The rate is the Dubai Land Department’s published registration fee and is not a figure from the register.

Everything else on Velor Penthouses

Velor Penthouses payment plan: questions buyers ask

What is the payment plan for Velor Penthouses?: Velor Penthouses by Ginco Properties is sold on a 20/20/60 plan: 20% on booking, 20% during construction, 60% upon handover, as published by the developer.
How much is the booking amount for Velor Penthouses?: 20% of the price. On the cheapest unit at AED 8.3M that is AED 1,650,000.
How much do I pay before I get the keys to Velor Penthouses?: 100% of the price, the payment due on handover day included. On the cheapest unit at AED 8.3M that is AED 8.3M by handover in Q2 2028.
Does Velor Penthouses have a post-handover payment plan?: No. The published plan completes at handover in Q2 2028.
What are the registration fees on Velor Penthouses?: The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 8.3M that is AED 330,000. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.
When is the handover of Velor Penthouses?: Ginco Properties publishes Q2 2028, which is 21 months from now.

Payment plans in Business Bay

Ginco Properties payment plans

One Residence payment plan

Other Ginco Properties payment plans

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One Residence · Downtown Dubai

starting from AED 1.6MStudio–4BR

starting from

AED 8.3M

handover Q2 2028

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