Peninsula One, Business Bay: Apartments by Select Group
Peninsula One is a residential apartment project in the Peninsula community within Business Bay, developed by Select Group. It sits on the Dubai Canal waterfront, and the water and landmark views listed among its features reflect that canal-side position directly.
A Central Location with a Waterfront Dimension
Business Bay sits adjacent to Downtown Dubai. Sheikh Zayed Road and Business Bay metro station are both accessible from the district, and Dubai International Airport is roughly 20 minutes by road. This is a genuine urban address, centrally positioned in one of Dubai's most active commercial and residential areas.
Within Business Bay, the Peninsula is a dedicated waterfront community. The canal-facing position drives the water and landmark views the project carries, and it places residents along the Dubai Canal rather than the commercial interior of the district. For owner-occupiers, that means waterfront living with immediate access to the city center. For investors, the canal-front location is a differentiating factor.
Getting In for 5%
The down payment is 5%, a low entry point for Dubai off-plan. The full structure:
| Stage | Payment |
|---|---|
| Down payment | 5% |
| During construction | 25% |
| On handover | 70% |
70% at handover is the defining feature of this plan. Rather than spreading payments evenly across the build period, the structure defers most of the cost to the end. Buyers using mortgage financing benefit from this timing: the drawdown aligns with when the large payment is due. There is no post-handover plan. Once handover is complete, the full balance is settled.
What AED 980K to AED 2.87M Covers
The range runs from just under AED 1 million to nearly AED 2.87 million, a spread of roughly 3x. In a single apartment building offering one property type, that gap reflects unit size above all else.
At the lower end, AED 980K points to studios or compact one-bedrooms: entry-level units suited to investors targeting the rental market. At the upper end, AED 2.87 million reaches larger layouts where canal and landmark views contribute a real premium to the asking price. That buyer profile leans toward owner-occupiers and longer-hold investors paying in part for quality of life, not purely yield. The wide spread is not a concern: Peninsula One runs from an accessible investor entry point up to a substantial primary-residence commitment within the same building.
The Full Apartment Line-up
Peninsula One offers apartments exclusively. No villas, townhouses, or commercial units are included.
An Amenity Set That Goes Beyond the Basics
| Category | Amenities |
|---|---|
| Recreation | Shared Pool, Children's Pool, Shared Spa, Shared Gym, Barbecue Area, Children's Play Area |
| In-unit | Built-in Wardrobes, Walk-in Closet, Kitchen Appliances, Study, Central A/C, Balcony |
| Views | View of Water, View of Landmark |
| Building services | Concierge, Security, Lobby in Building, Covered Parking |
| Lifestyle | Pets Allowed |
The study and walk-in closet as in-unit features indicate units designed for residential living, not purely as investment vehicles. The pets allowed policy broadens the eligible tenant base, a practical advantage for investor owners.
The concierge, spa, and landmark views point at a resident profile that extends beyond short-term rental yield plays. Children's facilities and a barbecue area reinforce that the project targets families and longer-term residents alongside the investment buyer.
Construction and Handover
Construction began in August 2021, with an expected completion of April 2024. That date has now passed. Peninsula One is likely in or beyond the handover phase, which means buyers today are looking at a completed or near-completed building rather than a multi-year off-plan wait.
