Peninsula Three by Select Group

Peninsula Three is a 49-story residential complex by Select Group. It is a phase of the Peninsula community located in the business center of Dubai - Business Bay. Buyers are offered studios and apartments with 1-2 bedrooms.

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$ 311,000
Price
Q4 2024
Completion
Comfortable
Payment Plan
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About the project

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new phase in the community

Peninsula Three

Peninsula Three is a new 49-story skyscraper in the developing community of Peninsula in Dubai, built by leading developer Select Group. The complex offers views of the city skyline, Burj Khalifa, Dubai Canal, and the Arabian Gulf.

Buyers are offered unfurnished studios and 1-2 bedroom apartments with various layouts. The size of the residences ranges from 38 sqm to 98.5 sqm.

The skyscraper was designed by Killa Design, a company recognized with several awards. They are also known for their work on the renowned Museum of the Future. The facade design features glass and metal, while the interior spaces complement the building's exterior views. The interiors are designed in a modern style with elements of metal, tiles, and wood. The predominant colors are shades of beige and gray. All apartments have panoramic windows, which add light and space to the residences.

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Key Advantages

The Peninsula Three complex offers a viewing platform on the 50th level, providing a view of Downtown Dubai. The community also features public green areas with cafes and walking paths.

  • pool
  • fitness center
  • tennis court
  • paddle tennis court
  • basketball court
  • sauna
  • BBQ area
  • skate park
  • co-working space
  • concierge
  • learn more
  • Sports enthusiasts will appreciate the gym
  • basketball court
  • tennis courts and paddle tennis courts.
  • There are also outdoor lounges
  • lawn areas
  • pool for leisure activities.
  • For residents with electric cars, there are special charging centers.

Being part of the larger and well-developed Peninsula project, Peninsula Three residents can enjoy the amenities not only within their complex but also throughout the community. The community offers a park, garden, skate park, pool, and more.

The minimum price of real estate in Peninsula Three is AED 970K (USD 264K). One-bedroom apartments can be purchased for a price starting from AED 1.4M (USD 370K), and two-bedroom apartments starting from AED 1.5M (USD 410K).

Infrastructure

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Near the complex, just a few minutes' drive away, there are several cafes and restaurants: Brews Cafe, So Tasty Restaurant, Mama'esh Business Bay, and Padi Village. You can take a walk in the fresh air in parks such as Burj Khalifa Park by Emaar, Safa Park, and Al Quoz Pond Park. It will take 5-10 minutes to reach them.

Everything necessary for life is nearby. Groceries and household items can be bought at Spinneys Business Bay and FMART SUPERMARKET. Within a 10-minute radius, you will find Dubai Mall and Galleria Mall.

The complex is suitable for families with children. For little ones, there are nurseries within a 5-10 minute walk: Maple Bear Nursery Business Bay and Pinocchio Nursery. The nearest schools are a 10-minute drive from Peninsula Three. Safa British School follows the British curriculum. Horizon English School Dubai - HES provides education in English for foreign students aged 3 to 11.

The nearest public transport stops are The Binary Tower, Clover Bay Tower 2, and Lillian Tower 2. It will take no more than 7-10 minutes to walk there. The nearest Business Bay metro station is a 15-minute walk away.

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Floor plans

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Location

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5–15 minutes

Dubai Opera, Burj Khalifa, Burj Khalifa Park by Emaar, Dubai Aquarium, Underwater Zoo, Safa Park, Al Quoz Pond Park, Dubai Hills Golf Club

20–30 minutes

Palm Jumeirah, The Walk JBR, Aquaventure Waterpark, Dubai Autodrome, Skydive Dubai, Dubai International Airport (DXB)

Peninsula Three is located in one of the central districts of Dubai - Business Bay. It is situated on Sheikh Zayed Rd, a highway that allows easy access to other parts of the city. For example, it takes no more than 30 minutes to reach Dubai Marina, Dubai Downtown, and Palm Jumeirah.

If you want to relax on the beach, Kite Beach and Jumeirah Beach can be reached within 15 minutes. It takes 25 minutes to get to the coastal area of Palm Jumeirah, where the famous Aquaventure Waterpark is located. This large water park offers zip lines and slides in lagoons filled with sharks.

To get to Dubai International Airport (DXB), it will take about 20 minutes. Dubai World Central - Al Maktoum International Airport (DWC) is further away, approximately 40 minutes drive.

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Economic Attractiveness

Peninsula Three is a new residential complex in the already well-developed Peninsula community. All conditions for a comfortable life have been created around and within the community.

The complex is located in the Business Bay area, where most business centers and offices are situated. People who work in this area will find it particularly convenient to commute to work. Peninsula Three is also close to popular Dubai attractions, which are only a 20-30 minute drive away.

Due to its location almost in the center of Dubai, real estate in the complex is a profitable investment. The developer plans to complete construction by 2025. After that, the residence can be resold with a potential profit of 15-20% or rented out.

In the fourth quarter of 2023, the return on investment in studios in the Business Bay area is 7.5%. You can expect to earn approximately AED 75K (USD 20.4K) in passive income per year.

UAE residency visa

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Once the real estate in the Peninsula Three complex is ready for occupancy, foreign owners will be eligible for a two-year UAE visa. This document applies to your spouse and children as well.

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Marina Mikhalenko

Senior Property Consultant – Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
Metropolitan Expert
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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
person
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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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