Peninsula Two by Select Group in Business Bay

Peninsula Two is a 36-story residential complex located in the Business Bay area. The developer offers studios and apartments with 1-2 bedrooms, as well as whole floors with views of the Dubai Canal and the emirate's landscape.

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$ 245 000
Starting price
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100% discount
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About the Project

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large-scale premium residential complex

Peninsula Two

Peninsula Two residential complex is the second phase of the Peninsula project, which was launched in the third quarter of 2021 by developer Select Group. It is surrounded on three sides by the Dubai Canal, a 2.8 km artificial waterway that connects the Arabian Gulf with the Business Bay area. Peninsula Two, a 36-story high-rise building, offers 439 residential units ranging in size from 31 sqm to 90 sqm. Thanks to panoramic windows and balconies, residents can enjoy views of the Dubai Canal and the mainland part of the emirate.

You can choose from cozy studios ranging from 34-38 sqm and 1-2 bedroom apartments ranging from 57-85 sqm. Interested buyers can also purchase an entire floor spanning 780 sqm. All objects of the residential complex are distinguished by stylish and high-quality finishes made from modern materials - gypsum board ceilings, built-in cabinets made of textured HPL, floors and kitchen areas covered with ceramic granite, countertops with quartz surfaces.

Each residence has built-in cabinets, equipped kitchens with branded ovens and glass cooktops, and bathrooms lined with porcelain tiles.

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Key advantages

Peninsula Two complex will offer its residents a wide range of services and amenities: an outdoor pool, a children's play area, park areas for walks, a multifunctional hall for meetings, negotiations, and private events. For those leading an active lifestyle, there will be an equipped gym, courts for playing tennis and squash, as well as a unique skate park.

  • park areas
  • gym
  • outdoor pool
  • bike lanes
  • running tracks
  • sports courts
  • tennis and squash courts
  • skate park
  • learn more

Peninsula 2 is located in the business center of Dubai - Business Bay. The area has canals and parks, such as Bay Avenue Park, which is home to office buildings. The complex is situated at the intersection of land and water transport arteries. Thanks to this, residents have access to popular places for recreation and entertainment. For example, you can visit the free Jumeirah Open Beach or go shopping in the stylish and vibrant City Walk area.

The cost of one-bedroom apartments starts from AED 1.3 million (USD 168,000), and two-bedroom apartments start from AED 1.7 million (USD 467,000). The cost of an entire floor starts from AED 19 million (USD 5.2 million).

Infrastructure

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Near the residential complex, there are restaurants and cafes with a diverse menu for the most discerning customers: the CZN Burak Dubai Turkish cuisine restaurant, THE KANA CAFE coffee shop, and the Summer Place Dubai Asian and Chinese cuisine restaurant. You can buy groceries, clothes, and everything you need for life at the Mall of the Emirates and Dubai Mall, the Lora Cafe grocery store, the Russian grocery store Prostor.ae, and the fruit market. The fastest way to get to Dubai Mall is just 7 minutes.

The complex is suitable for families with children. Hummingbird Nursery and Blossoms Nursery can be reached within a 15-minute walk. Maple Bear Nursery, a Canadian preschool offering a program from 12 months to senior kindergarten, is within walking distance. Safa British School, with a British curriculum for older children, can be found within a 12-minute drive. If you need medical assistance, Emirates Hospital Clinic is a 5-minute drive away. Dubai Healthcare City, where you can seek assistance for any medical questions, is a 15-20 minute journey. You can also schedule an appointment with a doctor through the online portal.

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Floor plans

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Location

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5-15 minutes

Dubai Mall, Dubai Opera, Ras Al Khor Wildlife Sanctuary, City Walk

25-40 minutes

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

From Peninsula 2, you can quickly reach Dubai's famous attractions via the Sheikh Zayed Road, First Al Khail Street, and Marasi Drive highways. For those without a car, The Binary Tower bus stop is a 5-minute walk away, and Business Bay Metro Station is a 15-minute walk away. Since Peninsula 2 is located on the coast of Dubai Bay and adjacent to its canal, you can also take the RTA Marine water taxi.

The residential complex is situated on a peninsula, in close proximity to Downtown and Dubai's Old Town. Many entertainment destinations can be reached on foot. For example, Bay Avenue Park, a green oasis in the city center with places for active recreation and leisurely walks with a view of skyscrapers, is just a 5-minute walk away.

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developed area

Economic Attractiveness

Peninsula Two is located in the developed area of Business Bay, close to prominent business centers in the emirate such as DIFC and Design District. These areas house numerous offices of international companies. That is why the real estate in the project will be in demand among businessmen, office employees, and their families.

Residences in Peninsula Two are suitable not only for permanent living but also for investment purposes. The project is currently under construction and will be completed by the end of 2024. After that, the property can be resold or rented out profitably. Studio apartments in Business Bay showed a 7% return on investment in the third quarter of 2023, with an average rental cost of AED 70,000 (USD 19.1 thousand).

UAE residency visa

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Once the construction is finished, foreign buyers will be eligible to obtain a resident visa. By purchasing apartments worth AED 750,000 (USD 204,000) or more, you can qualify for a two-year visa. If you buy a residence worth AED 2 million (USD 545,000) or more, you can apply for a "Golden Visa" valid for 10 years and also become 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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