Peninsula Business Bay

Peninsula is a project by Select Group located in the heart of Business Bay. The area is a perfect place for those wishing to live in a developed area full of facilities and amenities. There are 321 Tower units and 60 Duplex units to choose from in the Peninsula project. The development of Peninsula will be completed in Q4 2024. Those looking for spectacular views might be interested in the Tower units. The 36-storey building offers a wide range of luxury residences with stunning views of Downtown Dubai, including the Burj Khalifa and Dubai Opera, as well as panoramas of the Dubai Canal. Living areas of the Tower units range from 513 to 1,864 sqft. The Waterfront duplexes are an ideal option for families with children as they’re located towards the forefront of the tower and range between 1-4 bedrooms. Peninsula boasts swimming pools, which one of them comes with a jacuzzi and shallow seating. There is also a rooftop landscaped area where residents can relax and enjoy the view. The building offers allocated parking with more than 450 car spaces, bike stands, electric car charges and more. Several educational institutions are located close by to the new development. Maple Bear Business Bay Nursery which offers a preschool programme based on the Canadian curriculum can be reached in 5 minutes’ by car. Jumeirah International Nursery and Blossom Business Bay Nursery are both a 10-minute drive away. In terms of healthcare, Emirates Hospital Clinics in Business Bay is the nearest option. Residents can solve their health issues concerning general medicine, gastroenterology, dermatology, psychotherapy, and dentistry at the hospital. Investors are becoming more interested in this freehold area, as the rental yield in Business Bay is 5.23% for an apartment. Tourists and business professionals coming to Dubai for a short period of time choose this area due to its close proximity to Dubai Downtown. Expats working in Business Bay are also interested in renting properties here. Currently, a 1-bedroom apartment in Business Bay district of Dubai can be rented from AED 38,000 per year.