Peninsula Dubai Residences – Tower 1 is a residential project by H&H Development in Peninsula Dubai Residences, Dubai.
Places nearby
About the project
Peninsula Dubai Residences Tower 1 is a 36-storey residential tower within the Peninsula master development in Business Bay, Dubai. Dubai Peninsula is the developer. The project comprises 518 units, and completion is listed for December 2024, identified as Q4 2024.
Tower 1 within the Peninsula master development
Tower 1 forms part of the 3.3 million sq ft Peninsula master plan in Business Bay. The development is described as being surrounded by Dubai Canal on three sides and located close to Downtown Dubai. Tower 1 rises to 36 storeys and contains 518 units in total. Its residential programme includes 433 apartments distributed across 36 floors, together with 15 premium podium waterfront simplexes and 70 luxury waterfront simplexes spread across six floors. The tower’s apartment offering is centred on studios, one-bedroom apartments and two-bedroom apartments. The unit mix combines apartment homes with waterfront and podium simplex selections within one building programme.
Apartment types, sizes and starting prices
Studio apartments are listed from 339 to 452 sq ft, with prices starting from AED 680,000. One-bedroom apartments range from 570 to 690 sq ft and start from AED 930,000. Two-bedroom apartments range from 904 to 965 sq ft, with starting prices from AED 1,550,000. The 433 apartments in Tower 1 are described as being predominantly studios and one-bedroom homes. Alongside these apartment types, the tower includes 15 premium podium waterfront simplexes and 70 luxury waterfront simplexes. This creates a total of 518 units across the tower’s apartment, podium and waterfront residential components.
Peninsula community setting
Tower 1 sits within the Peninsula master development, which includes a 66,000 sq ft Peninsula community mall. The project description places the tower within a canal-side master plan surrounded by Dubai Canal on three sides. The broader development is presented as a community in Business Bay, with the mall positioned steps from Tower 1. The residential composition of Tower 1 includes standard apartments as well as podium waterfront and luxury waterfront simplexes. The community mall is the stated retail provision immediately associated with the project, while the tower itself provides 518 homes in total.
Business Bay location and nearby places
Peninsula Dubai Residences Tower 1 is in Business Bay. Boxpark is listed 1.5 km away, while Jumeirah Fishing Harbour is listed at 1.9 km and Dubai Bowling Center at 3.3 km. Safa Park is listed 1.7 km from the project, Mercato Beach at 2.3 km and City Walk Central Park at 2.7 km. Roxy Cinema at Boxpark is listed at 1.5 km, Vox Cinema at Galleria Mall Al Wasl at 2.3 km, and Vox Cinemas at Mercato Mall at 2.9 km. The Track Meydan Golf is listed at 8.7 km, Dubai Hills Golf Club at 8.9 km and Dubai Creek Golf & Yacht Club at 11.4 km.
Payment plan and registration offer
The stated payment plan allocates 5% on booking, followed by 10% within 30 days. A further 15% is due after six months from booking, with the remaining 70% due on completion. The four instalments total 100% of the purchase price. A promotional offer states a 100% waiver of the Dubai Land Department registration fee. Starting prices are AED 680,000 for studios, AED 930,000 for one-bedroom apartments and AED 1,550,000 for two-bedroom apartments. The payment structure is stated alongside the Tower 1 apartment offering and its December 2024 completion listing.
Completion listing
Completion for Peninsula Dubai Residences Tower 1 is listed as December 2024. The project is also identified with an anticipated completion in Q4 2024. The tower is planned as a 36-storey building within the Peninsula master development and has 518 units in total. Its 433 apartments are spread across 36 floors, alongside 15 premium podium waterfront simplexes and 70 luxury waterfront simplexes across six floors. Studios, one-bedroom apartments and two-bedroom apartments form the stated apartment range, with published sizes and starting prices for each of those three categories.
