For SalePenthouseOff-Plan

5BR Penthouse in Velor Penthouses, Business Bay

Velor Penthouses, Business Bay
Starting price
AED 17.95M
Per sqft
AED 2,984
Payment plan
40/60
Reference
PSQ-OP-I2205-PENTHOUSE-BR5
Bedrooms
5
Bathrooms
—
Built-up
6,018 sqft
Type
Penthouse

About this property

Project general facts

Velor is a statement of refined urban living, positioned among globally recognized landmarks and designed to offer a lifestyle defined by elegance, exclusivity, and attention to detail. The development presents a seamless fusion of architecture and experience, where every element, from spatial design to everyday interactions, is carefully curated to create a sense of sophistication and ease.

The building’s exterior stands out with its sleek lines, bold contours, and expansive glazing, creating a striking architectural identity that balances openness with grandeur. Floor-to-ceiling windows invite natural light while framing panoramic views, enhancing the sense of space throughout. Inside, residences are designed with generous layouts and open-plan living areas that emphasize comfort and fluidity, complemented by premium finishes that elevate the overall living experience.

Velor offers a comprehensive range of amenities and services tailored to modern lifestyles, supporting wellness, relaxation, and recreation. The interiors continue this refined approach with high-quality materials and thoughtful detailing, while kitchens are equipped with state-of-the-art appliances, custom cabinetry, and premium stone countertops. Spa-inspired bathrooms further enhance the sense of tranquility, resulting in a residential environment that combines contemporary design with everyday comfort.

Location description and benefits

Downtown Dubai is the centre of Dubai, constantly evolving at a fast pace. Home to many landmarks and world-famous attractions, including Burj Khalifa, the Dubai Mall and Dancing Fountains, the area is a hub of activities.

The prime location keeps Downtown busy throughout the year. Constantly attracting tourists, there’re always some new things to do in Downtown Dubai. The area is best known for offering a luxurious lifestyle. It used to be a vertical community, but many villas have also been added to the real estate market. As per Bayut’s 2020 Rental Market Report, it is the second most popular area offering luxury apartments for rent after Dubai Marina. Downtown is well connected to other key commercial and residential areas in the city.

Strategically located along Sheikh Zayed Road, E11, across Al Wasl and bordering Business Bay, it is a pretty active and bustling neighbourhood. Downtown is one of Dubai’s best areas for non-drivers and frequent travellers. Many amenities, including upscale hotels, chic leisure points and massive shopping centres, make Downtown Dubai a sought-after address and “the centre of now.”

Amenities

Zen Area
Fitness Center
Female Spa
Zen Garden
Zen Lounge
⁠Infinity Pool
Kid's Play Area
Male Spa
Bbq Area
⁠Kids Pool
Executive Lounge

Location & Lifestyle

Buy or rent in Business Bay, the Dubai Holding district along Dubai Creek and the Dubai Water Canal, next to Downtown Dubai. It has direct links to Sheikh Zayed Road and Al Khail Road and its own Red Line Metro station. Landmarks include Bay Square, Executive Towers, Bellevue Towers and the Marasi Business Bay marinas.

From 1 January to 12 November 2026, DLD recorded 3,839 apartment sales in Business Bay: 1,985 ready apartments at a median of AED 1,821 per sq ft and 1,854 off-plan apartments at a median of AED 2,667 per sq ft.

Business Bay ready apartment prices in 2026 (DLD data)

  • Studio: 467 sales, median price AED 990,000, median size 461 sq ft

  • 1 bedroom: 851 sales, median price AED 1.45 million, median size 810 sq ft

  • 2 bedrooms: 494 sales, median price AED 2.25 million, median size 1,313 sq ft

  • 3 bedrooms: 142 sales, median price AED 3.47 million, median size 1,941 sq ft

Busiest buildings

  • Ready: Peninsula Three (148 sales), DAMAC Towers by Paramount (94), Peninsula Four (82), Prive by DAMAC (69)

  • Off-plan: Binghatti Aquarise (236 sales), Avarra by Palace and Al Habtoor Tower (160 each), Peninsula Four (130)

Rent and yield

What is the average rent in Business Bay? The median annual rent was AED 95,000, based on 17,685 Ejari contracts in Business Bay between 1 January and 1 October 2026.

What rental yield does Business Bay offer? About 4.6% gross, before service charges, fees and vacancy.

Who Business Bay suits

  • Buyers who want a central apartment next to Downtown Dubai and the Metro.

  • Investors looking at ready studios and 1-bedroom apartments, the most traded types.

Looking to buy in Business Bay? Platinum Square advisors can share current ready and off-plan options.

Source: Dubai Land Department open data: residential unit sales in Business Bay, 1 January to 12 November 2026 (medians are Platinum Square calculations); Ejari rents, 1 January to 1 October 2026.

Schools nearby

  • Hartland International School
  • JSS International (Al Safa)

Metro & transit

  • Business Bay (Red Line)

Malls & retail

  • Bay Avenue
  • The Dubai Mall (1 stop)

Healthcare

  • Aster Clinic Business Bay
  • Emirates Hospital Clinic

Landmarks

  • Dubai Water Canal
  • Marasi Promenade
  • Bay Square
Platinum Square Listing
Ref. PSQ-OP-I2205-PENTHOUSE-BR5 · Listed 2026-11-12

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