Projects in Peninsula

Peninsula, Business Bay: A Single Developer Building Out One of the Canal's Most Focused Addresses

Peninsula sits within Business Bay as a distinct waterfront sub-community, positioned along the Dubai Canal with its own internal phasing across five numbered zones: Peninsula One, Two, Three, Four, and Five. At this level of specificity, buyers are not browsing a broad district. They are looking at a tightly defined pocket where all current inventory comes from a single source.

Select Group is the sole developer active here, and with 5 projects across the Peninsula phases, the market is as consolidated as residential off-plan gets. That concentration is worth understanding before committing. When one developer controls all available supply in a subdistrict, build quality and design language tend to be consistent across phases, and phased releases often share structural and finish specifications. On the other side, resale competition within the community is tightly linked to that one developer's broader reputation and delivery record.

What the Pricing Tells You

The numbers here tell an interesting story. Prices open at AED 980,223 and reach AED 10,052,751 at the top end, a spread wide enough to suggest the product mix carries real range. Yet the median sits at just AED 1,011,285, which means the bulk of available units cluster very close to the entry point. The high ceiling is pulled up by the duplex and penthouse inventory.

The property breakdown across current projects runs to apartments (5 projects), duplexes (2 projects), and penthouses (1 project). Apartments dominate because they represent the widest buyer pool, typically investors and owner-occupiers seeking canal-adjacent addresses at a reachable price. The duplexes serve a buyer looking for split-level living without a villa footprint, and the single penthouse listing at the top of the range is a different purchase altogether.

Timing and Entry Costs

The handover window is compressed. The earliest completion date was December 2024, meaning some units may already be complete or in the process of being handed over. Buyers should verify current status directly with Select Group before assuming all projects are still off-plan. The latest completion in the current inventory runs to February 2026, which is the outer edge of the off-plan window for anyone entering now.

Entry is low relative to typical Dubai off-plan requirements. The minimum down payment sits at 5%, which reduces the upfront capital needed to secure a unit. There are no post-handover payment plans across the five projects, so buyers should plan for completion payments on the standard construction-linked schedule.

The amenities pattern across Peninsula leans practical with a community tone: shared pool, covered parking, concierge, children's play area, and barbecue areas appear consistently. Pets are permitted, which signals that the community is configured for long-term residents rather than purely short-term occupancy. The overall profile here is a mid-density canal-facing community built for people who want a functional, well-managed address in Business Bay without the density of the main tower corridor.