Quick Facts
| Developer | Select Group |
|---|---|
| Type | Residential |
| Community | Business Bay |
| District | Business Bay |
| Emirate | Dubai |
| Floors above ground | 36 |
| Total units | 518 |
| Year completed | 2024 |
| Construction status | Completed |
| Ownership | Freehold |
| Nearest metro | Business Bay Metro Station |
| Nearest major road | Al Meydan Street (D69) |
Key takeaways
- Peninsula One has 36 floors in Business Bay
- Select Group developed Peninsula One on Dubai Canal
- Peninsula One includes 518 residential units in Business Bay waterfront district
- Waterfront simplexes occupy six floors at Peninsula One
- Peninsula One was completed around Q4 2024 by Select Group
- Business Bay Metro serves Peninsula One commuters via nearby road links
Peninsula One: What You Need to Know
Peninsula One is a completed residential property in Business Bay, Dubai, developed by Select Group and recorded here as a single-building page for search and comparison. Public building references identify the property as having 36 floors, 518 units and a completion or handover reference of 2024. The page is useful because buyers, renters, commercial occupiers and agents usually search this address by name rather than by the wider Business Bay area alone. Its practical appeal comes from the combination of location, building identity, available apartments, penthouses and residential units, parking arrangements, nearby road access and the reputation of the surrounding district. For investors, the key questions are current transaction values, service-charge exposure, occupancy demand and whether the unit being reviewed has the correct title, fit-out condition and parking allocation. For end users, the main checks are daily access, maintenance quality, lift performance, natural light, noise, view quality and the convenience of nearby amenities. For PropertyWiki readers, the practical takeaway is to compare Peninsula One against current DLD transactions, active listings, title-deed documents, community rules, parking allocations and any handover or owners-association documents before relying on a single advertised figure.
Location and Access for Peninsula One
Peninsula One is located in Business Bay, Dubai, with access shaped by Al Meydan Street (D69) and the wider movement patterns of Business Bay. The nearest metro reference used for this guide is Business Bay Metro Station on the Red Line, although actual travel time depends on walking route, tram or bus interchange, taxi availability and peak-hour traffic. The location should be assessed not only by distance to landmarks but also by how easily residents, tenants, visitors and service providers can enter the building, park, reach elevators and connect to the main road network. In Business Bay, price resilience is often linked to a recognisable address, convenient commuting, the quality of surrounding retail, and whether the building sits near active lifestyle or business nodes. Buyers should review district-level demand alongside tower-level maintenance because two properties in the same area can perform very differently. For PropertyWiki readers, the practical takeaway is to compare Peninsula One against current DLD transactions, active listings, title-deed documents, community rules, parking allocations and any handover or owners-association documents before relying on a single advertised figure.
Unit Types and Layouts
Unit types in Peninsula One include Studio, 1-bedroom apartment, 2-bedroom apartment, 3-bedroom simplex, Waterfront simplex, Podium simplex. The exact mix, availability and internal condition vary by individual title, floor and fit-out history, so the unit list should be treated as a guide rather than a live inventory. In residential buildings, lower floors may appeal to tenants who prioritise access and value, while higher floors often carry premiums for views, privacy and reduced street-level noise. In commercial buildings, shell-and-core, fitted and partitioned offices can price differently even when the floor area appears similar. Buyers should compare the saleable area on the title deed with the usable internal layout, balcony or terrace allocation, parking entitlement, storage space and any chiller or facilities charges. Tenants should inspect maintenance quality, air-conditioning performance, lifts, fire-safety provisions and whether the building rules support their intended use.
Prices in Peninsula One
Indicative pricing in Peninsula One should be read as a market range, not a fixed valuation. The current guide uses an indicative average sale level of AED 2,800/sqft where enough comparable data exists, while annual rent references are approximately AED 135,000 for a 1-bedroom equivalent, AED 220,000 for a 2-bedroom equivalent and AED 300,000 for larger residential layouts where applicable. For commercial buildings, comparable office rents depend heavily on fitted condition, view, parking ratio, cheque terms and whether service charge is included in the lease. Prices can move quickly in Dubai because new supply, mortgage rates, handover activity, short-term rental demand and foreign-buyer sentiment all influence bids. A proper valuation should compare DLD transactions, active listings, recent rental contracts, unit view, floor height, renovation quality and service-charge history. Buyers should avoid relying only on asking prices because marketed inventory can include stale listings or aspirational owner expectations. For PropertyWiki readers, the practical takeaway is to compare Peninsula One against current DLD transactions, active listings, title-deed documents, community rules, parking allocations and any handover or owners-association documents before relying on a single advertised figure.
> AMBER: Price figures shown for Peninsula One are indicative and can vary by view, floor, layout, handover status, renovation quality and transaction date. Verify current values with DLD transaction data and a RERA-registered agent before making a buying or rental decision.
Amenities and Facilities
Amenities in Peninsula One include Indoor swimming pool, Outdoor swimming pool, Kids pool, Fully equipped gym, Sauna, Steam room, BBQ deck, Locker rooms, with the final experience depending on the building manager, owners association budget, staffing and day-to-day maintenance standards. Amenity quality is important because it affects rental demand, resale appeal and resident satisfaction, but buyers should inspect the actual condition rather than relying only on brochure promises. Swimming pools, gyms, lounges, lobbies, lifts, parking areas, CCTV systems and access-control points all need different maintenance budgets, which is why service-charge verification matters. Tenants should also check visitor access, delivery rules, short-term rental policies where relevant, move-in procedures and whether the building has any ongoing works that could affect noise or access. In commercial assets, lobby presentation, parking allocation and lift efficiency can directly affect occupier demand.
- Indoor swimming pool
- Outdoor swimming pool
- Kids pool
- Fully equipped gym
- Sauna
- Steam room
- BBQ deck
- Locker rooms
- Waterfront promenade
- 24-hour security
Buying in Peninsula One
Buying in Peninsula One requires tower-level due diligence as well as area-level market comparison. A buyer should first confirm that the property is in the correct freehold or ownership category, that the seller's title deed matches the advertised unit, and that any mortgage, service-charge arrears or developer obligations are cleared before transfer. For apartments, review the floor plan, actual area, parking allocation, view corridor, snagging history, renovation approvals and whether fixtures are included in the sale. Investors should calculate net yield after service charges, maintenance, vacancy, agency fees and mortgage costs rather than focusing only on gross rent. End users should compare Peninsula One with nearby PropertyWiki locations in the same price bracket because a slightly higher purchase price can be justified when the building has better management, access, amenities or long-term liquidity. Always complete final checks through DLD, the trustee office and a RERA-registered broker. For PropertyWiki readers, the practical takeaway is to compare Peninsula One against current DLD transactions, active listings, title-deed documents, community rules, parking allocations and any handover or owners-association documents before relying on a single advertised figure.
Renting in Peninsula One
Renting in Peninsula One is most practical when tenants compare the unit condition, landlord responsiveness, parking, chiller or utility treatment, and renewal terms before signing Ejari. Indicative rents vary by floor, view, furnishing, size and cheque structure, with premium layouts often achieving materially higher annual values than basic units in the same building. Tenants considering apartments should inspect during different times of day to understand noise, lift queues, natural light and traffic access. Corporate occupiers should also check licensing compatibility, signage rules, fit-out permissions and whether common-area maintenance supports client-facing operations. Landlords should benchmark against current active listings and recent rental contracts rather than relying on outdated renewal expectations. A well-presented unit in Peninsula One can lease faster when it is clean, correctly priced, documented, photographed accurately and supported by a responsive property manager. For PropertyWiki readers, the practical takeaway is to compare Peninsula One against current DLD transactions, active listings, title-deed documents, community rules, parking allocations and any handover or owners-association documents before relying on a single advertised figure.
Service Charges in Peninsula One
Service charges in Peninsula One are not publicly confirmed in a consistent primary source, so the most reliable step is to verify the approved rate through the Dubai Land Department or RERA Service Charge Index before purchase. Service charges can include security, cleaning, shared utilities, lift maintenance, common-area cooling, landscaping, reserve funds and management fees. In Dubai, two units in the same district can have very different ownership costs because amenity intensity, building age and maintenance standards vary. Buyers should request the latest service-charge statement, check whether there are arrears, ask about sinking-fund contributions, and compare the rate with neighbouring buildings. Tenants should understand whether charges are reflected indirectly in rent or billed separately through lease terms. Investors should include service charges in net-yield calculations because high fees can materially reduce returns.
> AMBER: Service charge figures for Peninsula One are indicative or not publicly confirmed. Verify exact approved rates with the Dubai Land Department or RERA Service Charge Index before completing any purchase or rental agreement.
Community Context Around Peninsula One
The wider Business Bay context is central to how Peninsula One performs. Demand is influenced by nearby employment hubs, schools, supermarkets, road links, public transport, entertainment, waterfront or lifestyle amenities and the reputation of adjacent buildings. A strong community can support liquidity even when a building is older, while a weak or inconvenient micro-location can limit rental depth even in a popular district. Buyers should compare Peninsula One with other PropertyWiki locations in the current build list to understand whether they are paying for location, developer brand, view, building age or scarcity. Residents should also consider practical daily routines such as school runs, supermarket access, delivery routes, visitor parking and weekend traffic. For long-term ownership, the best indicator is usually a combination of consistent maintenance, transparent service charges, active tenant demand and a location that remains relevant across market cycles.
Community Data
Wikipedia-style structured snapshot. Verify exact figures with RERA, the Dubai Land Department and the developer before transacting.
| Official name | Peninsula One |
|---|---|
| Who can buy | All nationalities |
| RERA registration | Not publicly confirmed — verify with DLD |
| Parking | Podium and resident parking, subject to unit allocation and title documents |
| Freehold zone | Yes |
| Ejari registered | Yes |
| Typical resident profile | Business Bay professionals, Downtown commuters and investors seeking newly completed waterfront apartments near Dubai Canal |
| Avg sale price (AED/sqft) | 2800 |
| Avg rent — studio (AED/yr) | 90000 |
| Avg rent — 1 BR (AED/yr) | 135000 |
| Avg rent — 2 BR (AED/yr) | 220000 |
| Avg rent — 3 BR (AED/yr) | 300000 |
| Est. gross yield | 5.5 |
| Price trend | Rising |
| Architect | Not publicly confirmed — verify with developer |
| Metro line | Red Line |
Amenities
- Indoor swimming pool
- Outdoor swimming pool
- Kids pool
- Fully equipped gym
- Sauna
- Steam room
- BBQ deck
- Locker rooms
- Waterfront promenade
- 24-hour security
Notable facts
- First development within Select Group's Peninsula master plan
- Includes 433 tower apartments over 36 floors
- Completed and sold out according to Select Group
Known issues
- Business Bay traffic can affect peak-hour commutes
- New handover buildings require snagging and service-charge verification
Unit types
- Studio
- 1-bedroom apartment
- 2-bedroom apartment
- 3-bedroom simplex
- Waterfront simplex
- Podium simplex
Data confidence: High — Select Group confirms Peninsula One is sold out and completed in Business Bay; official page confirms a 36-storey tower, 433 tower apartments, 15 podium simplexes and 70 waterfront simplexes. Bayut references 518 total units and Q4 2024 handover. Prices and rents are indicative market estimates.
Who It Suits
Good fit
- Business Bay professionals, Downtown commuters and investors seeking newly completed waterfront apartments near Dubai Canal
Usually a poor fit
- Buyers who need a fundamentally different product type or location profile.
- Anyone unwilling to verify pricing and service charges live with DLD before transacting.
Pros and Cons
Pros
- First development within Select Group's Peninsula master plan
- Includes 433 tower apartments over 36 floors
- Completed and sold out according to Select Group
Cons
- Business Bay traffic can affect peak-hour commutes
- New handover buildings require snagging and service-charge verification
- Verify exact phase pricing, service charges and handover status before transacting.