Peninsula Two

About the project

Peninsula Two is a finished 36-storey residential tower in the Peninsula waterfront community in Business Bay, Dubai. Select Group developed the tower, which contains 462 studio, one-bedroom and two-bedroom apartments. The project reached 100.00% completion, with a recorded completion date of 1 September 2024.

A residential tower within Peninsula

Peninsula Two forms part of Peninsula, a master-planned waterfront community in Business Bay. The tower rises 36 storeys and has 462 apartments. Its setting is defined by the Dubai Canal, which surrounds the wider Peninsula community on three sides. Apartments have views towards the Dubai Canal, Burj Khalifa and the Downtown skyline. The building is configured as a residential and retail project, with three basement levels, a ground floor, 34 floors, a mechanical level and a roof level. Peninsula Two also has direct access to the community mall, bringing retail and dining facilities into the wider development.

Apartment types and layouts

The apartment selection at Peninsula Two comprises studios, one-bedroom apartments and two-bedroom apartments. Studio homes range from 339 to 452 square feet. One-bedroom apartments range from 514 to 633 square feet, while two-bedroom apartments range from 797 to 887 square feet. The tower’s largest two-bedroom homes extend to 965 square feet. This range creates a mix of compact studio layouts and larger two-bedroom residences within a single 462-unit building. All homes sit within the Peninsula waterfront setting in Business Bay, with selected apartments oriented towards the canal, Burj Khalifa and Downtown skyline views.

Community facilities and everyday amenities

Residents have access to a fully equipped 2,066-square-foot gym and a 205-square-metre outdoor pool. The Peninsula community includes manicured parks, walking tracks and cycling tracks, alongside squash, tennis and basketball courts. A skate park, outdoor cinema, events venue, concert space, art park and pop-jet fountains are also included within the community facilities. The community mall provides retail units, a supermarket, salons, barbers, pharmacies, restaurants, cafés and food and beverage outlets. Peninsula Two also includes a communal lobby and communal working area, as well as bike stands and electric-car charging ports. Security and building systems include CCTV, a fire alarm and an intercom system.

Business Bay location and nearby destinations

Peninsula Two is located in Business Bay, within the Peninsula waterfront community. The Dubai Mall and Burj Khalifa are 2 kilometres away, with a stated drive time of 7 minutes. Business Bay Metro Station and Dubai Opera are also 2 kilometres away and have stated drive times of 7 minutes. Dubai Design District is 6 kilometres away, with an 11-minute drive time, while DIFC is 6 kilometres away with a stated drive time of 12 minutes. Meydan is 10 kilometres away and is listed at 12 minutes by car. Dubai Healthcare City is 11 kilometres away, Dubai International Airport is 15 kilometres away, and Jumeirah Beach is 9 kilometres away. Their stated drive times are 14, 16 and 15 minutes respectively.

Payment plan and completion

The stated payment structure is 30/70. It allocates 5% at booking, followed by 10% within 30 days and 15% six months after booking; the remaining 70% is due on completion. Peninsula Two has since been completed: its completion date is recorded as 1 September 2024. The project was marked Finished at 100.00% completion following an inspection dated 12 February 2026. It is listed as ready to move in. Buyers considering a completed apartment can therefore focus on the available studio, one-bedroom and two-bedroom homes within the finished tower.

Select Group

Peninsula Two was developed by Select Group, which was founded in 2002. Select Group is also the developer of the wider Peninsula community in Business Bay. The project is one of several developments within this waterfront master-planned district, which combines residential towers with landscaped public areas and mixed-use components. Peninsula Two brings 462 apartments to the community, alongside retail space and access to shared facilities including the community mall, parks, sports courts, outdoor pool and gym. The completed tower is positioned within Business Bay’s canal network and has access from Sheikh Zayed Road, First Al Khail Street and Marasi Drive.

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