Peninsula Four The Plaza

About the project

Peninsula Four The Plaza is a waterfront residential and commercial development in the Peninsula community of Business Bay, developed by Select Group. The project comprises two 52-storey towers, retail space and duplex loft buildings, and its construction status is Finished at 100.00% completion. Handover is scheduled for Q2 2026.

A waterfront development in Peninsula

Peninsula Four The Plaza forms part of Peninsula, a waterfront community in Business Bay. The development is positioned on the Dubai Water Canal and combines residential buildings with retail and public-realm components. Its built form includes two 52-storey towers, two loft buildings, a retail building, shared basement levels and a shared podium. The two towers contain residential accommodation, while the development also incorporates commercial space. Across the project, there are 1,040 units. The Plaza is the central open square within the Peninsula masterplan, with waterside cafés, restaurants, boutiques and landscaped public spaces identified as part of its setting.

Homes, penthouses and duplex lofts

The residential selection includes studios; one-, two-, three- and four-bedroom apartments; four-bedroom penthouses; and three- and four-bedroom duplexes. Studios start from 494 sq ft. Four-bedroom penthouses extend to 5,260 sq ft. The three- and four-bedroom duplex collection ranges from 3,674 to 4,513 sq ft. There are 16 premium waterfront duplex lofts within the development. The lofts have three or four bedrooms and private infinity lap pools. Floor-to-ceiling windows are a feature of the residences, with views towards the Dubai Water Canal, Burj Khalifa and the Dubai skyline specified for the project.

Pools, fitness and shared facilities

The amenity programme includes an infinity lap pool, a separate swimming pool and a kids pool. Residents have access to a gym, sauna and squash courts, alongside a landscape BBQ area. A co-working space, lounge area, reception and 24-hour security are also included. The wider offering identifies retail stores, waterside eateries, outdoor dining areas and entertainment facilities, as well as gardens and public-realm spaces. The Plaza adds a waterfront setting for dining, cafés, boutiques and landscaped areas within the Peninsula community. These facilities sit alongside the residential and commercial elements of Peninsula Four The Plaza.

Business Bay and central Dubai access

Peninsula Four The Plaza is in Business Bay, within the Peninsula waterfront district. The location is directly on the Dubai Water Canal and on the doorstep of Downtown Dubai. Downtown Dubai, Dubai’s Old Town, Burj Khalifa, Dubai Mall and Dubai Opera are identified nearby. Dubai Marina is also listed among the surrounding destinations. From Peninsula, Burj Khalifa and Downtown Dubai are 1.5 km away, while Dubai Mall is 1.9 km away. Dubai International Financial Centre is 3.3 km from Peninsula. The nearest Red Line Metro station, R26, is 943 metres from the site.

Price and payment structure

Starting prices for Peninsula Four The Plaza are AED 973,000. The payment plan is structured as 40/60. A 5% down payment is due on booking, followed by 35% during construction through instalments. The remaining 60% is due on handover at 100% completion. This structure separates the purchase price between booking, the construction period and the handover stage. Unit types range from studios to four-bedroom apartments, with penthouses and duplex residences also included in the development.

Completion and handover

Construction began on 1 October 2022. The project reached 100.00% completion and is recorded as Finished, with a completion date of 1 February 2026. Handover is scheduled for Q2 2026. Peninsula Four The Plaza is project number 2461 and contains six buildings. Its residential and commercial configuration includes the two loft buildings, a retail building, two residential towers, shared basement levels and a shared podium. The completed development is part of the larger Peninsula waterfront community in Business Bay.

Select Group

Select Group is the developer of Peninsula Four The Plaza and of the Peninsula community in Business Bay. Established in 2002, the company is also associated with Marina Gate in Dubai Marina. At Peninsula, Select Group has developed a masterplan comprising residential towers, landscaped public areas and mixed-use components arranged around a waterfront edge. Peninsula Four The Plaza is one of the projects within this community, bringing together canal-side residences, retail space, dining and public areas.

Dubai market as a whole: prices, transactions and trends (DLD data) →