Dubai · New projects · Business Bay

Peninsula — apartments for sale

Name: Peninsula — Dubai
Brand: Select Group
Availability: InStock

A canal-front peninsula in Business Bay, 2 km from Burj Khalifa — studios from ~AED 1.09M on the resale market, most towers already delivered.

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AED 1.09M

studio from (resale)

2 km

to Burj Khalifa

~6.4%

gross yield

2025-2026

towers delivered

By WIZI PREMIUM · Updated 27 June 2026

In short

Select Group built Peninsula on a spit of land wrapped by the Dubai Canal in Business Bay — about 3,300 homes across seven plots, 2 km from Burj Khalifa. The developer sold out the entire project by May 2025, so buying today means resale: studios from ~AED 1.09M, 1-beds from ~AED 1.63M. Towers One, Three and Five are delivered; Two and Four hand over through 2026. Gross yield averages ~6.4% — solid, with genuine waterfront on three sides.

Developer: Select Group · Sources: developer brochure, Bayut, Property Finder, DLD · 2026

The project

About Peninsula in Business Bay

Peninsula is Business Bay's only true peninsula address: water on three sides of a master plan that runs from the 36-storey Peninsula One (delivered July 2025) to the twin 52-storey Peninsula Four with its retail Plaza, a 66,000 sqft community mall, Spinneys and clinics on site. Unit sizes run compact — studios from 339 sqft in the early towers up to lofts of 4,500+ sqft in Four — which keeps entry tickets among the lowest for canal-front Downtown-adjacent living.

For buyers the calculus is a ready or nearly-ready waterfront asset without off-plan wait: developer stock is gone (AED 7B sold), so pricing is set by the secondary market — around AED 2,600/sqft average. Property Finder tracks roughly 6.4% gross yield for the community. The flip side is a heavy listing overhang: 780+ resale units compete for buyers and tenants, and the 2026 handovers of Towers Two and Four add rental supply in the short term.

Business Bay, Dubai

Gallery

Inside Peninsula

Prices & payment · 2026

How much Peninsula costs

Type	From	Gross yield
Studio	~AED 1.09M	6.5-7%
1 bedroom	~AED 1.63M	6-6.5%
2 bedroom	~AED 2.4M	6-6.5%
3 bedroom	~AED 7.5M	5-6%

Indicative 2026 launch pricing; varies by unit, floor and view. Payment plan: Resale: cash or mortgage. Sources: Select Group, Property Finder, DLD.

Investment view

Is Peninsula right for you?

In favour

Real waterfront on three sides — unique for Business Bay
Delivered or delivering: no off-plan construction risk left
2 km to Burj Khalifa with the Plaza, mall and Spinneys on site
Entry from ~AED 1.09M — low ticket for canal-front Downtown fringe

Worth knowing

No developer stock — resale only, at sellers' asking prices
780+ active listings mean real competition when you exit or let
Towers Two and Four handing over in 2026 add rental supply at once
Compact layouts in early towers — studios from just 339 sqft

Calculator

Estimate your return

Currency

Purchase budget 1,090,000 AED

1.05M2.9M AED

Gross estimate from typical Business Bay yields; net is lower after service charges (AED 12–25/sq.ft). Off-plan rent applies after handover (Ready - 2026).

Monthly rent—

Annual income—

Gross yield—

Payback—

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FAQ

Common questions

How much is an apartment at Peninsula Business Bay?

On the resale market studios start around AED 1.09M, 1-beds from about AED 1.63M, 2-beds from roughly AED 2.4M. Premium waterfront lofts in Peninsula Four reach AED 13.5M.

Can I still buy from the developer at Peninsula?

No — Select Group completed off-plan sales of the entire project by May 2025. All purchases today are resale or assignment deals, which we negotiate directly with owners.

Which Peninsula towers are ready?

Peninsula One, Three and Five are delivered and lived-in; Peninsula Two and Four (The Plaza) hand over through 2026.

What rental yield does Peninsula give?

Property Finder tracks about 6.4% gross for the community; Business Bay overall runs 6-8% depending on unit size and tower.

Is Peninsula a good investment?

Peninsula tracks about 6.4% gross yield, and suits buyers who want genuine canal-front living with water on three sides — rare for Business Bay. As with any Dubai purchase, returns depend on unit, floor and handover (Ready - 2026); we model the net figure per unit before you commit.

What is the payment plan at Peninsula?

Peninsula is offered on a Resale: cash or mortgage plan (developer terms, subject to availability). Handover is Ready - 2026. We confirm the exact schedule and any current incentives per unit on request.

Can a foreigner buy at Peninsula?

Yes. Peninsula is in a freehold zone, so foreigners get full ownership and can buy remotely by power of attorney. Entry is around AED 1.09M; a purchase at or above AED 2M also qualifies for the 10-year Golden Visa.

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