Peninsula One

About the project

Peninsula One is a finished residential project within the Peninsula waterfront district in Business Bay, Dubai. Select Group developed the project, which contains 525 units across two buildings and is ready to move in. Completion was recorded on 1 April 2024.

Peninsula One at a glance

Peninsula One forms part of Peninsula, a waterfront development in the heart of Business Bay. The wider Peninsula setting is surrounded by Dubai Canal on three sides and covers 1 million square feet. Peninsula One itself comprises two buildings: a stacked-units building arranged as ground level, five floors and roof level, and a tower arranged as ground level, two podium levels, 32 floors, one mechanical floor and roof level. The two buildings share a podium with two basement levels and a ground level. The project has a concrete structure with blockwork and internal and external finishes. Its location has direct road access from Sheikh Zayed Road, First Al Khail Street and Marasi Drive.

Homes and registered unit count

Peninsula One has 525 units. The residential selection includes studios and one-, two- and three-bedroom apartments. Earlier released apartment configurations included studios from 339 to 452 square feet, one-bedroom apartments from 570 to 690 square feet, and two-bedroom apartments from 904 to 965 square feet. The development also includes waterfront simplexes. The project combines a residential tower and a second stacked-units building, within the Peninsula district’s canal-side setting. Buyers considering a specific residence can compare the bedroom configuration, layout and position within the two-building project against their requirements.

Waterfront facilities and community amenities

Peninsula includes a waterfront promenade with cafes, restaurants and retail spaces. Parks, gardens and public recreational spaces form part of the district, alongside tennis courts, squash courts, basketball courts and a skate park. The available retail and service offering includes a supermarket, beauty salons, fashion stores and hospitality venues. The canal-side setting is also served by RTA Marine water taxis. These amenities sit within the Peninsula development in Business Bay, giving Peninsula One residents access to a mix of waterfront public space, dining, retail and sports facilities. The project’s setting connects the residential buildings with the promenade and surrounding canal edge.

Business Bay location and connections

Peninsula One is located in Business Bay, within the Peninsula waterfront district. Business Bay Metro Station is 2.2 kilometres away, with a stated drive time of seven minutes; the station is also within walking distance. Dubai Mall and Burj Khalifa are 2.5 kilometres away and have a stated drive time of seven minutes. Dubai Opera is 1.9 kilometres away, with a six-minute drive time. Dubai Design District is 6.7 kilometres away and Meydan is 10.3 kilometres away, with stated drive times of 11 and 12 minutes respectively. DIFC is 6 kilometres away, Dubai Healthcare City is 11 kilometres away, and Dubai International Airport is 15.3 kilometres away. RTA Marine water taxis provide another transport option from the waterfront setting.

Pricing, payment structure and completion

Starting prices for Peninsula One are listed from AED 640,000. The published payment structure is 5% on booking, 25% during construction and 70% on handover, expressed as “Pay 70% On Completion.” The project is finished at 100% completion and is ready to move in. Its recorded construction start date was 1 August 2021, and its recorded completion date was 1 April 2024. As a completed project, Peninsula One is suited to buyers reviewing ready residences rather than a future handover timeline. Pricing and available home selections can differ by unit type, layout and current inventory.

Select Group

Peninsula One was developed by Select Group. Established in 2002, Select Group is the developer of the wider Peninsula district in Business Bay. Peninsula is planned as a waterfront residential district with residential buildings, landscaped public areas and mixed-use components arranged along the canal network. Within this setting, Peninsula One is one of the completed residential projects. The developer’s Peninsula masterplan includes canal-side promenades, retail spaces, parks, gardens and recreation facilities, placing Peninsula One within a larger Business Bay neighbourhood rather than as a stand-alone building.

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