Velor construction progress
Velor in Business Bay is 0% built at the Land Department inspection of February 2025. Developer Ginco Properties. Completion registered for November 2027.
0%
Built, at the Land Department site inspection of 12 February 2025
- Completion date (Land Department)
- November 2027
- Construction started
- May 2025
- Registered with the Land Department
- April 2025
- Developer
- Ginco Properties
- Community
- Business Bay
- Units
- 52
- Escrow bank
- Emirates Islamic Bank
- Name in Arabic
- فيلور
- Land Department project number
- 3392
- Land Department site inspections
- 1
Schedule
The Land Department has inspected Velor once so far, which is not enough to measure a pace. A pace needs two inspections at least a month apart.
Site inspections
12 February 2025
0%
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Context
Business Bay has 43 projects under construction, 35% built on average.
Ginco Properties has 2 projects under construction in Dubai, none past their registered completion dates.
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Notify me when it launchesQuestions
- When will Velor be completed?
- The completion date registered with the Dubai Land Department is November 2027. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
- How much of Velor is built?
- 0%, measured at the Land Department site inspection on 12 February 2025.
- Who is building Velor?
- The registered developer is Ginco Properties. It has 1 other project under construction in Dubai.
- Which bank holds the escrow account for Velor?
- Emirates Islamic Bank. Dubai law requires payments for off-plan units to go into a project escrow account at a bank approved by the Land Department, so buyer money is held against this project only.
- One ResidenceAlso by Ginco Properties. 6.3%, Due March 2027.
- Burj PacificNearby in Business Bay. 99%, Due January 2023, passed.
- 77sNearby in Business Bay. 14%, Due December 2028.
- West Bay TowerNearby in Business Bay. 83%, Due February 2024, passed.
- Aykon City 3Nearby in Business Bay. 31%, Due December 2027.
- Off-plan handover in DubaiWhat happens between 100% and getting your keys.
- Snagging a new Dubai homeHow to inspect the unit before you accept it.
Progress, dates, developer, units and escrow bank come from the Dubai Land Department’s Mashrooi register, read daily. The pace and the projected finish are Mulki’s own arithmetic on the last year of Land Department inspections, not a forecast from the developer. Site photos belong to the Dubai Land Department. See how Mulki works with Land Department data.