Developer: Select Group · Peninsula

Peninsula Three

Peninsula Three is a residential project by Select Group in Peninsula, Dubai, with prices from AED 766 750, ready to move in, 853 units.

Price fromAED 766 750
HandoverReady to move in
Units853

Layouts and sizes

TypeBedroomsSize, sq.ft
Studiostudio410–436
One Bedroom1644–823
Two Bedroom2931–1 061

Units for sale in Peninsula Three

Prices, layouts and terms on request.

Payment plan 50/50

The purchase price is split into these stages.

150%Down payment
250%On handover

The exact schedule is confirmed in the sale agreement for the selected unit.

Construction progress

100%
  • StatusReady
  • Construction started2022-06-01
  • HandoverReady To Move in
  • Status date27.11.2025
  • Escrow bankDubai Islamic Bank
  • DLD project number2372

Data from the Dubai Land Department project registry (updated 23.08.2026 09:55).

Construction progress 59
27 November 2025 100.00%
Peninsula Three, Peninsula construction progress — 27 November 2025, 100.00% complete, photo 1 of 14Peninsula Three, Peninsula construction progress — 27 November 2025, 100.00% complete, photo 2 of 14Peninsula Three, Peninsula construction progress — 27 November 2025, 100.00% complete, photo 3 of 14Peninsula Three, Peninsula construction progress — 27 November 2025, 100.00% complete, photo 4 of 14Peninsula Three, Peninsula construction progress — 27 November 2025, 100.00% complete, photo 5 of 14Peninsula Three, Peninsula construction progress — 27 November 2025, 100.00% complete, photo 6 of 14Peninsula Three, Peninsula construction progress — 27 November 2025, 100.00% complete, photo 7 of 14Peninsula Three, Peninsula construction progress — 27 November 2025, 100.00% complete, photo 8 of 14Peninsula Three, Peninsula construction progress — 27 November 2025, 100.00% complete, photo 9 of 14Peninsula Three, Peninsula construction progress — 27 November 2025, 100.00% complete, photo 10 of 14Peninsula Three, Peninsula construction progress — 27 November 2025, 100.00% complete, photo 11 of 14Peninsula Three, Peninsula construction progress — 27 November 2025, 100.00% complete, photo 12 of 14Peninsula Three, Peninsula construction progress — 27 November 2025, 100.00% complete, photo 13 of 14Peninsula Three, Peninsula construction progress — 27 November 2025, 100.00% complete, photo 14 of 14

Construction photos are taken by the technical inspectors of the Dubai Land Department (DLD) and remain its property. We show compressed copies; full-resolution originals are available in the Real Estate Project Status service.

Recent transactions

DateTypeSize, m²Price, AED
20.08.2026Studio39.01 200 000
20.08.20262 BR85.92 800 000
20.08.2026Studio39.0600 000
19.08.20262 BR100.42 950 000
19.08.20262 BR100.41 150 000
17.08.20262 BR87.92 700 000
17.08.20261 BR61.31 500 000
13.08.20262 BR91.73 199 000
12.08.20261 BR62.81 155 000
12.08.20262 BR4.4135 000
12.08.20261 BR62.81 650 000
11.08.20262 BR85.92 000 000
11.08.20262 BR85.92 650 000
11.08.20261 BR62.41 850 000
10.08.20261 BR76.81 875 000
10.08.20261 BR76.81 500 000
06.08.20262 BR91.72 240 000
06.08.20262 BR91.72 950 000
06.08.20261 BR60.41 620 000
04.08.20261 BR63.7900 000
Rentals — 20
DateTypeSize, m²Rent, AED/yr
1bed room+Hall63.596 000
1bed room+Hall64.9100 000
1bed room+Hall61.0110 000
1bed room+Hall61.3117 000
1bed room+Hall61.090 000
Studio39.270 000
2 bed rooms+hall87.8155 000
1bed room+Hall63.7105 000
Studio39.470 000
1bed room+Hall63.790 000
2 bed rooms+hall85.9140 000
Studio38.070 000
2 bed rooms+hall87.9170 000
1bed room+Hall64.9100 000
1bed room+Hall63.695 000
1bed room+Hall60.0100 000
1bed room+Hall60.0100 000
1bed room+Hall61.380 000
1bed room+Hall63.692 000
1bed room+Hall64.9135 000

Dubai Land Department transaction registry, updated 2026-08-22. Explore Dubai property transactions →

Registered transactions in Peninsula Three

Dubai Land Department records for this building: closed transaction prices, not asking prices or estimates. Figures are medians, so a single expensive sale does not move them.

1 331deals since 2022
23 971AED per m², median
14%resale, the rest bought from the developer
-3%over the past year
6.5%gross rental yield

The yearly figure compares the last 12 months with the 12 before them: calendar years would not work, the current one is unfinished. The district moved +4% over the same period, so the building lagged.

What buyers actually paid

TypeSize, m²Price, AEDPer m²Deals
Studio38981 00025 816367
1 bedroom631 475 00023 413748
2 bedrooms872 186 00025 126216

Median across all recorded deals in this building. Rows with fewer than five deals are omitted: there is nothing to average there.

How the price per square metre moved

From 2022 to 2025 — +21% on the price per square metre in this building. The district moved +36% over the same period, so the building lagged the market.

23 0002022
24 1532023
26 4262024
27 9332025
26 8762026*1 7566.5%

Top to bottom: purchase price per m², year, annual rent per m², gross yield.

All figures are medians. Years with fewer than eight deals are skipped; rent is shown where there are at least twenty contracts. The yield is gross — service charges are not published in the register.

* 2026 is still in progress and its bar covers part of the year. The growth figure above uses completed years.

Source: Dubai Land Department transaction register. The register is updated daily; the figures here are recalculated weekly.

Amenities

  • Tennis court
  • Padel court
  • Kids play area
  • Skate park
  • 3-on-3 basketball court
  • Food and beverage pavilions
  • Retail outlets
  • Dubai Canal promenade
  • Gym
  • Running/walking track
  • Yoga deck
  • Lap pool
  • Leisure pool
  • Kids swimming pool
  • Outdoor lounge
  • Leisure lawn
  • Podium seating
  • Splash pad
  • Landscaped areas
  • Co-working space
  • Lounge area
  • Viewing deck
  • Electric vehicle charging hubs
  • 24-hour security and reception
  • Parking
  • Elevators
  • Lobby
  • Drop-off area

What is nearby

  • Burj Khalifa10 мин
  • Dragon Mart20 мин
  • Dubai International Airport14 мин
  • Palm Jumeirah22 мин
  • Ras Al Khor Wildlife Sanctuary6 мин
  • The Dubai Mall9 мин
Peninsula Three

About the project

Peninsula Three is a completed 49-storey waterfront residential tower in the Peninsula community in Business Bay. Select Group developed the project beside the Dubai Canal, with studios, one-bedroom and two-bedroom apartments. The project is recorded as finished at 100% completion, with completion dated 1 June 2025.

The tower and waterfront setting

Peninsula Three is a 49-storey waterfront tower within Peninsula, a master-planned community in Business Bay. Its glass-fronted façades frame views of the Burj Khalifa, the Downtown skyline, Dubai Canal and the Arabian Gulf. The building includes a lobby, drop-off area, eight elevators and district cooling. Residents have access to a viewing deck on the 50th level. The tower is set beside the Dubai Canal, with the canal promenade forming part of the surrounding community facilities. Apartment interiors include quartz kitchen countertops and laminate kitchen shutters. Bathrooms have porcelain wall and floor tiles, painted walls and showers.

Apartment types and sizes

The residence collection comprises studios, one-bedroom apartments and two-bedroom apartments. Studios range from 410 to 436 square feet. One-bedroom homes range from 644 to 823 square feet, while two-bedroom apartments range from 931 to 1,061 square feet. Each apartment is allocated one parking space. Peninsula Three has 853 units and one building. The project’s recorded configuration comprises one basement level, a ground floor, three podium levels, 46 floors and a roof level.

Sports, leisure and daily facilities

Peninsula Three provides a gym, running and walking track, yoga deck, lap pool, leisure pool and children’s swimming pool. Outdoor sports facilities include tennis and padel courts, a 3-on-3 basketball court and a skate park. Family-oriented areas include a children’s play area, splash pad, leisure lawn, landscaped areas and outdoor lounge. The community also includes podium seating, food and beverage pavilions, retail outlets, a co-working space and lounge area. Electric vehicle charging hubs are provided in the parking areas. The building has 24-hour security and reception.

Business Bay location and nearby destinations

Peninsula Three is located in Business Bay, beside the Dubai Canal and within the Peninsula waterfront community. The Dubai Mall and Burj Khalifa are 2 km away, with a stated drive time of 7 minutes. Business Bay Metro Station and Dubai Opera are also each 2 km and 7 minutes away. Dubai Design District is 6 km away and 11 minutes by car, while DIFC is 6 km away with a 12-minute drive time. Meydan is 10 km away and 12 minutes by car. Dubai International Airport is 15 km away, with a stated drive time of 16 minutes.

Price, payment and completion

Prices for Peninsula Three start from AED 766,750. The payment plan is structured as 50/50 and specifies a 5% down payment. Construction started on 1 June 2022. The project is finished at 100% completion, and its recorded completion date is 1 June 2025. Peninsula Three is a completed development rather than an under-construction project.

Select Group

Peninsula Three was developed by Select Group, a developer founded in 2002. Select Group is also the developer of the wider Peninsula community in Business Bay. Peninsula is a waterfront residential district within Business Bay, with residential towers, landscaped public areas and mixed-use components arranged around its water edge. Peninsula Three forms one of the residential developments within this community.

Service charge, 2026

Approved rate19.79 AED per sq ft per year · 213 AED/m²
General / reserve fund18.99 / 0.80AED/sq ft
vs Business Bay median▼ -0.9%median 19.97 · rank 37/82
A 1,000 sq ft unit≈ 19,790 AEDper year · ≈ $5,389

Managed by Kaizen Owner Association Management Services · budget 1 Jan 2026 — 31 Dec 2026

History, budget breakdown and nearby buildings →

RERA-approved budget from the DLD service charge index (Mollak) for “Peninsula Three”. Total is the general and reserve funds; additional charges are separate.

Frequent questions

Who is the developer of Peninsula Three?
Peninsula Three was developed by Select Group. Select Group was founded in 2002.
Where is Peninsula Three located?
Peninsula Three is in the Peninsula community in Business Bay, beside the Dubai Canal.
What is the starting price for Peninsula Three?
Prices start from AED 766,750.
What apartment types are available at Peninsula Three?
The tower includes studios, one-bedroom apartments and two-bedroom apartments. Sizes range from 410 to 1,061 square feet.
When was Peninsula Three completed?
The project was completed on 1 June 2025. It is recorded as finished at 100% completion.
What is the Peninsula Three payment plan?
The payment plan is structured as 50/50, with a 5% down payment.
What amenities does Peninsula Three have?
Facilities include pools, a gym, tennis and padel courts, a basketball court, a skate park, a running track, a yoga deck and children’s areas.
How far is Peninsula Three from Dubai Mall and Burj Khalifa?
The Dubai Mall and Burj Khalifa are 2 km away, with a stated drive time of 7 minutes.
Does each apartment have parking at Peninsula Three?
Yes. Each apartment is allocated one parking space.
How can I buy an apartment in Peninsula Three?
Submit an enquiry via the form on this page or message us on WhatsApp — a Continental Club Property broker (RERA 31933) will help you choose a unit and send the brochure and payment plan.

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Project data comes from the Dubai Land Department (DLD) registry.

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