Developer: Select Group · Peninsula

Peninsula Five

Peninsula Five is a residential project by Select Group in Peninsula, Dubai, with prices from AED 886 500, ready to move in, 383 units.

Price fromAED 886 500
HandoverReady to move in
Units383

Layouts and sizes

TypeBedroomsSize, sq.ft
Studiostudio513–543
One Bedroom1702–1 438
Two Bedroom21 161–1 864
Three Bedroom31 815
One Bedroom1794–1 209
Two Bedroom21 623–2 407
Three Bedroom31 801–2 767
Four Bedroom44 710–4 730

Payment plan 60% On Completion

The purchase price is split into these stages.

15%Down payment
235%During construction
360%On handover

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

Construction progress

100%
  • StatusReady
  • Construction started2022-01-15
  • HandoverReady To Move in
  • Status date13.01.2025
  • Escrow bankEmirates NBD
  • Scale3 bldg
  • DLD project number2344

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

Construction progress 33
13 January 2025 100.00%
Peninsula Five, Peninsula construction progress — 13 January 2025, 100.00% complete, photo 1 of 9Peninsula Five, Peninsula construction progress — 13 January 2025, 100.00% complete, photo 2 of 9Peninsula Five, Peninsula construction progress — 13 January 2025, 100.00% complete, photo 3 of 9Peninsula Five, Peninsula construction progress — 13 January 2025, 100.00% complete, photo 4 of 9Peninsula Five, Peninsula construction progress — 13 January 2025, 100.00% complete, photo 5 of 9Peninsula Five, Peninsula construction progress — 13 January 2025, 100.00% complete, photo 6 of 9Peninsula Five, Peninsula construction progress — 13 January 2025, 100.00% complete, photo 7 of 9Peninsula Five, Peninsula construction progress — 13 January 2025, 100.00% complete, photo 8 of 9Peninsula Five, Peninsula construction progress — 13 January 2025, 100.00% complete, photo 9 of 9

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
24.07.20261 BR81.52 300 000
24.07.20261 BR81.51 840 000
21.07.20263 BR167.74 400 000
13.07.20261 BR75.91 700 000
09.07.2026Studio50.41 425 000
26.06.20261 BR64.91 850 000
24.06.20262 BR220.23 900 000
18.06.20261 BR62.91 240 000
20.05.20262 BR220.01 460 000
15.05.20262 BR107.62 435 186
04.05.20261 BR77.81 397 500
04.05.20263 BR164.13 640 000
04.05.20261 BR77.82 150 000
04.05.20263 BR164.15 250 000
01.05.20263 BR163.82 500 000
29.04.20263 BR159.63 880 000
29.04.20263 BR159.64 850 000
29.04.20261 BR81.42 010 389
28.04.20261 BR81.51 350 000
23.04.20264 BR439.26 610 930
Rentals — 20
DateTypeSize, m²Rent, AED/yr
2 bed rooms+hall125.7225 000
Studio50.380 000
Studio50.379 000
1bed room+Hall75.3135 000
3 bed rooms+hall159.5240 000
Studio48.080 000
1bed room+Hall81.4129 651
1bed room+Hall77.8120 000
1bed room+Hall81.4145 002
Studio50.375 000
2 bed rooms+hall172.0349 062
Studio47.985 000
3 bed rooms+hall156.5260 000
Studio50.570 000
1bed room+Hall79.4150 000
Studio50.370 000
Studio49.275 000
1bed room+Hall81.5145 000
2 bed rooms+hall121.4195 000
Studio49.170 000

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

Registered transactions in Peninsula Five

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.

699deals since 2017
22 153AED per m², median
28%resale, the rest bought from the developer
0%over the past year
6.7%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
Studio481 048 40021 842174
1 bedroom781 730 50522 186281
2 bedrooms1283 030 90023 679109
3 bedrooms1683 900 00023 214127
4 bedrooms4399 672 90022 0346

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 — +30% on the price per square metre in this building. The district moved +36% over the same period, so the building lagged the market.

20 9672022
22 8962023
23 5752024
27 22420251 7576.5%
26 2372026*1 6676.4%

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

  • Manicured parks
  • Squash courts
  • Tennis courts
  • Basketball courts
  • Skate park
  • Walking tracks
  • Cycling tracks
  • Outdoor cinema
  • Events venue
  • Concert space
  • Art park
  • Pop jet fountains
  • Community mall
  • Swimming pool
  • Pool deck

What is nearby

  • Burj Khalifa7 мин
  • Dubai International Airport16 мин
  • Minutes Dubai Opera7 мин
  • Jumeirah Beach15 мин
  • Ras Al Khor Wildlife Sanctuary15 мин
  • The Dubai Mall7 мин
Peninsula Five

About the project

Peninsula Five is a completed waterfront residential development in the Peninsula community in Business Bay, Dubai. Select Group developed the project, which comprises 383 units across a residential tower and two villa buildings. The project is finished, with 100% completion recorded and a completion date of 15 December 2024.

A completed waterfront address in Business Bay

Peninsula Five forms part of the Peninsula waterfront community in Business Bay and sits directly on the Dubai Canal. The project includes a 36-storey residential tower, while the registered development also includes two villa buildings. The tower is configured with basement, ground, 34 residential floors, a mechanical level and a roof; the villa buildings each include basement, ground, five floors, a mechanical level and a roof. Full-length windows are a stated feature of the residences, with views towards the Downtown skyline and the canal waterfront. The wider Peninsula setting is bordered by the Dubai Canal on three sides and includes landscaped public areas and mixed-use components.

Studios, apartments and waterfront duplexes

The available home types span studios, one-, two- and three-bedroom apartments, as well as one- to four-bedroom waterfront duplexes. Studio apartments range from 513 to 543 sq ft. One-bedroom apartments range from 702 to 1,438 sq ft, while two-bedroom apartments range from 1,161 to 1,864 sq ft. Three-bedroom apartments extend to 1,815 sq ft. The duplex collection includes one-bedroom layouts from 794 to 1,209 sq ft, two-bedroom layouts from 1,623 to 2,407 sq ft, three-bedroom layouts from 1,801 to 2,767 sq ft, and four-bedroom duplexes from 4,710 to 4,730 sq ft. The project contains 383 units in total.

Parks, sports and community facilities

Peninsula Five has direct access to parks and sporting amenities within the Peninsula community. Facilities include manicured parks, walking tracks, cycling tracks, tennis courts, squash courts, basketball courts and a skate park. Swimming facilities comprise a swimming pool and pool deck. The community also includes an outdoor cinema, an events venue, concert space, art park and pop-jet fountains. A community mall with 23 retail units forms part of the project highlights. Gardens, walkways, a jogging track, gym, kids’ pool and infinity pool are also included among the listed facilities. These elements combine outdoor recreation, sports courts, pool areas, retail and entertainment within the Peninsula setting.

Nearby destinations and transport

Peninsula Five is in Business Bay, with the Dubai Canal immediately adjoining the development. Business Bay Metro Station is listed at seven minutes, and the project is within walking distance of the station. The Dubai Mall and Burj Khalifa are listed at seven minutes, as are Dubai Opera. Dubai Design District is listed at 11 minutes, while Meydan and DIFC are each listed at 12 minutes. Dubai Healthcare City is listed at 14 minutes, and Ras Al Khor Wildlife Sanctuary and Jumeirah Beach are each listed at 15 minutes. Dubai International Airport is listed at 16 minutes, and La Mer at 18 minutes. Action Park Business Bay is 0.4 km away, Bay Avenue Mall & Park is 0.8 km away, and Bay Avenue Park is 0.9 km away.

Pricing, payment structure and completion

Starting pricing for Peninsula Five is AED 886,500. The stated payment structure consists of a 5% down payment on booking, 35% during construction across the first to third instalments, and 60% on handover at 100% completion. Peninsula Five is ready to move in. The development was started on 15 January 2022 and reached its recorded completion date on 15 December 2024. Its construction status is finished and its completion ratio is 100.00%.

Select Group

Peninsula Five was developed by Select Group. Founded in 2002, Select Group is also behind the Peninsula residential community in Business Bay and Marina Gate in Dubai Marina. Peninsula Five is one of the projects within the wider Peninsula master-planned waterfront community. That community brings together residential buildings, landscaped areas, parks, pedestrian routes and mixed-use components along Business Bay’s canal network. The completed Peninsula Five development contains 383 units across three buildings.

Service charge, 2026

Approved rate7.61 AED▲ +2.6% per sq ft per year · 82 AED/m²
General / reserve fund7.31 / 0.30AED/sq ft
vs Business Bay median▲ +18.7%median 6.41 · rank 42/69
A 1,000 sq ft unit≈ 7,610 AEDper year · ≈ $2,072

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 Five”. Total is the general and reserve funds; additional charges are separate.

Frequent questions

Who is the developer of Peninsula Five?
Peninsula Five was developed by Select Group, which was founded in 2002.
Where is Peninsula Five located?
Peninsula Five is located in the Peninsula community in Business Bay, Dubai, directly on the Dubai Canal.
Is Peninsula Five ready to move in?
Yes. Peninsula Five is finished, with a 100.00% completion ratio and a recorded completion date of 15 December 2024.
What is the starting price at Peninsula Five?
Starting pricing is AED 886,500.
What homes are available at Peninsula Five?
The project includes studios, one- to three-bedroom apartments, and one- to four-bedroom waterfront duplexes.
What is the payment plan for Peninsula Five?
The stated structure is 5% on booking, 35% during construction and 60% on handover at 100% completion.
What amenities does Peninsula Five offer?
Listed facilities include swimming pools, a pool deck, gym, parks, walking and cycling tracks, tennis, squash and basketball courts, a skate park, outdoor cinema and community mall.
What is near Peninsula Five?
The Dubai Mall, Burj Khalifa, Dubai Opera and Business Bay Metro Station are each listed at seven minutes. Action Park Business Bay is 0.4 km away.
How can I buy an apartment in Peninsula Five?
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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