Peninsula by Select Group

Peninsula is a residential complex located on a small artificial peninsula on the Dubai Water Canal, in the Business Bay area. Here you can buy modern studios and apartments with 1-4 bedrooms, as well as four-bedroom penthouses. Residents will enjoy views of the canal and the skyscrapers of Dubai's new center.

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$ 231 000
Starting price
5,25%
ROI
Easy
Payment plan
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About the Project

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luxury residences and first-class amenities

Peninsula by Select Group

The Peninsula project covers an area of about 93,000 square meters and includes residential complexes of different heights. Low-rise buildings are located on the waterfront, while residential towers ranging from 36 to 52 floors are closer to the central part of the peninsula. Thanks to the location, the residences are not tightly packed and provide optimal views from the windows.

As of the third quarter of 2023, construction of five complexes has been announced. The Peninsula project consists of approximately 2,500 residential units with a wide selection of layouts. Various types of properties are available for purchase: studios with an area of 36 square meters, single-level apartments with 1-4 bedrooms ranging from 53 square meters to about 250 square meters, and luxurious four-bedroom penthouses with an area of over 500 square meters. The Peninsula collection also includes lofts and duplexes with 1-4 bedrooms ranging from 74 square meters to nearly 440 square meters.

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Key Advantages

One of the key features of Peninsula is its picturesque waterfront with F&B establishments and shopping areas. You can enjoy your time in parks and gardens. It is expected that the community will become the center of life in the area.

  • pools
  • fitness centers
  • playgrounds
  • coworking spaces
  • sports courts
  • relaxation rooms
  • waterfront
  • park areas
  • jogging tracks
  • landscaping
  • learn more

The community is focused on an active lifestyle. Residents will have access to premium fitness centers with tennis courts and basketball courts, as well as a unique skate park.

The starting price for studios in the Peninsula complexes is AED 850,000 (USD 231,000). The cost of one-bedroom apartments starts from AED 1.24 million (USD 336,000), and two-bedroom apartments start from AED 1.8 million (USD 491,000). You can buy three-bedroom apartments for a price starting from AED 3.7 million (USD 1 million), and four-bedroom apartments starting from AED 7.1 million (USD 1.9 million).

A penthouse or duplex loft costs from AED 12 million (USD 3.3 million).

Infrastructure

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In each Peninsula complex, there will be shared and children's pools, gyms, play areas, and shaded outdoor relaxation areas. Depending on the complex, residents will have access to coworking spaces, sports facilities, cozy halls for meetings and events, and more. In the northeast part of the peninsula, a public shopping center is being built, which will house supermarkets, pharmacies, shops, restaurants, medical centers, beauty salons, and other service establishments. The green areas of the complexes are planned to be complemented by common park areas. At the eastern tip of the peninsula, a 200-meter lawn for picnics and mass events has already been arranged.

Next to the peninsula, there is Marasi Drive, along which several bus routes operate, and the nearest bus stop is a 5-minute walk from the central part of Peninsula. The Business Bay metro station is a 15-minute walk away. Within 5 minutes from the complex, you can reach the Emirates Hospital Clinics. The same amount of time will take you to get to the Hummingbird Nursery and Blossom Business Bay Nursery. It takes 15 minutes by car to reach the Al Safa High School. Within a 10-minute drive, you will find Jumeirah English Speaking School, the best British international school in Dubai for children aged 3 to 18.

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Location

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5-15 minutes

Dubai Mall, Burj Khalifa, Dubai Opera, City Walk, Dubai International Financial Centre

20-40 minutes

Dubai International Airport (DXB), Palm Jumeirah, Dubai Marina, JBR and Burj Al Arab, Mall of the Emirates

As Peninsula is located in Business Bay, it is easy to reach popular places and attractions of the emirate. The business district is adjacent to Downtown Dubai, so the world-famous landmarks are within walking distance. Burj Khalifa, the largest dancing fountains, Dubai Mall shopping and entertainment complex, and Dubai Opera theater can be reached on foot in half an hour or by car in 5-10 minutes.

From the complex on Al Khaleej Al Tejari 1 Street, you can quickly access Sheikh Zayed Road - one of the main transport arteries of the emirate. It will take 10-15 minutes to reach the other major highway, Al Khail Road. Within a 15-minute walk, you will find Bay Avenue Park with a jogging track and two outdoor fitness centers. The Sheikh Rashid Al Maktoum Mosque is also located at the same distance.

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advantages of buying

Economic Attractiveness

Business Bay is the business center of Dubai, where international companies have their offices. Real estate in this area is well-suited for businessmen, office employees, and their families. The strategically advantageous location of Peninsula, not far from Downtown Dubai and within walking distance of attractions, is attractive to tourists. In addition to permanent residence, properties in Peninsula can be rented out.

The return on investment for studios in Business Bay in the third quarter of 2023 is at 7%. The average rental cost for this type of property is AED 70,000 (USD 19.1 thousand).

UAE residency visa

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Buying property allows foreign owners to obtain a resident visa. When purchasing apartments worth AED 750,000 (USD 204,000) or more, you can expect a two-year visa. If you buy a residence worth AED 2 million (USD 545,000) or more, you can obtain a "Golden Visa" valid for 10 years and also act as a sponsor for family members and domestic staff.

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Marina Mikhalenko

Senior Property Consultant – Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
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Marina Mikhalenko

Chief Real Estate Investment Expert at Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
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Consult with an expert

Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts

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