PENINSULA FIVE in Business Bay, Dubai, UAE: property for sale from the developer

Peninsula Five in Dubai

Peninsula Five in Dubai, UAE, is a new premium complex in Business Bay within Phase III of a promising project by the Select Group. The 36-storey skyscraper on the bank of the Dubai Canal will comprise studios and one- to four-bedroom apartments and duplexes with views. The floor areas of these high-end residences range from 48 to 439 square metres. A one-bedroom apartment is worth AED 2.23 million (USD 607,000). The construction is scheduled for completion in late 2024.

Peninsula Five in Business Bay

The residential complex is under construction in the thriving Business Bay community with extensive facilities and a convenient location in the heart of the city and the central part of the district called the Central Business District of Dubai. A spectacular promenade with coffee shops, stores, restaurants and The Community Mall spanning over 6,000 square metres

and housing supermarkets, cafés, beauty parlours, pharmacies and healthcare institutions are within walking distance of the new off-plan building.

The tower’s proximity to Sheikh Zayed Road, First Al Khail Street and Marasi Drive will enable residents to quickly reach other districts. All the essential destinations are within a 7–18 minute drive:

Downtown Dubai with the Burj Khalifa skyscraper, the Dubai Mall and the Dubai Opera is within seven minutes by car;
Business Bay Metro Station is also within seven minutes;
Dubai Design District with fashion hotspots is 11 minutes away;
DIFC financial hub is a 12-minute drive away;
Dubai Healthcare City with numerous state-of-the-art clinics is within 14 minutes;
Jumeirah Beach and La Mer Beach are 15 and 18 minutes away, respectively;
Dubai International Airport is a 16-minute drive away.

Real estate in Peninsula Five

Privileges

As in some other first-rate off-plan projects, in Peninsula Five, residents will have access to numerous premium services, such as:

Infinity pool with a recreation area overlooking the city centre;
Jacuzzi;
Yoga site;
Modern gym;
Jogging tracks, cycling lanes and footpaths for walking;
Outdoor tennis, squash and badminton courts;
Rooftop landscaped garden;
Skate park;

Cinema;
Children’s play areas and pool;
Car and bicycle parking;
High-speed elevators;
Concierge services;
24/7 security and video surveillance.

Apartments in Peninsula Five

As for apartments for sale, Peninsula Five will comprise 381 premium homes with various floor areas and numbers of bedrooms:

107 studios with a floor area of 48 to 50 m²;
138 one-bedroom apartments with a floor area of 65 to 134 m²;
46 two-bedroom apartments with a floor area of 108 to 173 m²;
39 three-bedroom apartments with a floor area of 109 to 168 m²;
6 one-bedroom duplexes with a floor area of 74 to 112 m²;
16 two-bedroom duplexes with a floor area of 151 to 224 m²;
34 three-bedroom duplexes with a floor area of 167 to 257 m²;
4 four-bedroom duplexes with a floor area of 438 to 439 m².

A studio for sale in Peninsula Five, just like all the other types of residences, will boast 2.9-metre high ceilings and panoramic windows offering stunning 180-degree views of the Dubai Canal. The kitchens will be equipped with a stovetop, an oven, an exhaust hood and a fridge. Marvellous beige and golden shades with dark-colour accents and elements of glass, metal and natural stone will be used for the high-end finishing.

Peninsula Five by Select Group

Buying property in Peninsula Five in Business Bay is a lucrative option for investments. Closing the deal during the construction and reselling the residence after the project’s commissioning is the perfect solution for those interested in capital gains as off-plan homes become 20–30% more expensive by construction completion.

A new premium home is also a lucrative asset for investors looking for a rental income. A studio in Business Bay generates an average of 6.7% annually, a one-bedroom apartment, around 5.7% and two- and three-bedroom residences, 5.5% and 4.9% annually, respectively.

PENINSULA FIVE

Peninsula Five in Dubai