Peninsula Three
by Select Group

Studios, 1 and 2 bedroom apartments

AED 1,10 mln Starting price
Ready Handover
Peninsula Threeby Select Group

Buy Apartments in Peninsula Three by Select Group, Business Bay

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 1,100,000
Location Business Bay
Developer Select Group
Handover Ready
Living Area 410 sq. ft. - 1,061 sq. ft.
Bedrooms Studios - 2 BR
Total amount of units 849
ROI Up to 7%

Peninsula Three is a completed 49-storey residential tower in Business Bay offering studios, 1 and 2 bedroom apartments alongside pools, wellness decks, sports courts and a rooftop observation level.

The tower rises 49 storeys within The Peninsula waterfront masterplan and holds 849 residences. It was designed by Killa Design, the studio behind Dubai's Museum of the Future. Layouts move from compact 410 sq ft studios up to 1,061 sq ft two bedroom homes, most angled to catch Burj Khalifa and Dubai Canal frontage. Interiors keep to a restrained, design-led palette pitched at a tech-minded resident rather than a budget buyer. EV charging sits at parking level, and eight high-speed elevator banks move people through the building quickly. On-site life is generous for a single tower. A pool terrace with a lap pool sits alongside separate leisure and children's pools, a yoga deck, tennis and padel courts, a running track and a skate park, while a 66,000 sq ft community mall anchors daily retail and dining. At the top, the 50th floor is given over entirely to a public observation deck framing the Canal, Downtown skyline and the Arabian Gulf horizon.

Peninsula Three
About Peninsula Three

Overview of Peninsula Three

Set within the purpose-built Business Bay Peninsula masterplan, the tower pairs a design pedigree and a broad amenity deck with the deep rental and resale liquidity of one of Dubai's most actively traded waterfront districts.

6%

Average ROI

Up to 7%

Maximum ROI

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Community

Business Bay is Dubai's premier commercial-and-residential corridor, laid out along the Dubai Canal a short drive from Downtown's core landmarks. It draws a dual crowd. End-users want to live close to DIFC and Downtown for work, while investors chase steady demand from young professionals and expats after water views without Downtown's price ceiling. Peninsula Three itself sits inside The Peninsula, a self-contained waterfront neighbourhood set on a peninsula with 360-degree exposure to canal and skyline. That gives residents the feel of a distinct microdestination rather than a lone high-rise, with landscaped promenades and Business Bay waterfront apartments looking out over the water on almost every side.

Everyday needs are covered within the community and its immediate surroundings. A 66,000 sq ft community mall handles day-to-day retail, dining and errands on foot. The wider Business Bay district adds clinics, supermarkets, schools and a dense café scene minutes away. Connectivity is a core strength: Business Bay Metro Station and water taxi stations sit close by, Sheikh Zayed Road and Al Khail Road are moments from the entrance, and DIFC is reachable in under 10 minutes. Burj Khalifa, Dubai Mall and Dubai Opera are around a 7-minute drive, and Dubai International Airport is roughly 15 minutes away.

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Interior

Interiors carry a calm, design-led sensibility that echoes the building's Killa Design pedigree. The palette leans on soft neutrals and warm tones, letting the framed canal and skyline views do the talking rather than competing with them. Layouts are drawn to maximise water-facing frontage, so a studio for sale in Peninsula Three still reads as bright and open, while larger homes gain depth from floor-to-ceiling glazing. Considered lighting and clean lines set a composed atmosphere aimed at hybrid-working residents and design-conscious tenants. The arrival experience seals it: a double-height lobby holding a lounge and co-working zone signals the tone the moment you step inside.

Finishes are pitched to a premium standard across the residences. Kitchens are fitted with integrated cabinetry and durable stone-look surfaces built for daily use, while bathrooms pair quality sanitaryware with full-height tiling for a hotel-grade feel. Living areas run consistent flooring and crisp joinery through to the glazing line, keeping sightlines uninterrupted toward the Canal and Downtown. Even a compact 2 bedroom apartment in Peninsula Three benefits from the same material quality found in the larger stock. Building-wide touches such as EV charging at parking level and eight high-speed elevators reinforce the sense of a tower engineered around convenience.

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Infrastructure

Daily life is designed to stay largely on-site. The tower's ground-floor dining and café program keeps casual meals, morning coffee and quick errands within a short walk. The 66,000 sq ft community mall inside The Peninsula adds a fuller run of retail outlets, restaurants and boutique cafes. That podium concept deliberately reduces dependence on the car for basics — groceries, a gym stop, a dinner out — and gives the address the texture of a walkable neighbourhood. Beyond the masterplan, the surrounding Business Bay streets layer in supermarkets and a broad spread of eateries within a few minutes.

For larger shopping and leisure, Dubai Mall and Dubai Opera are about a 7-minute drive, opening up flagship retail, cinemas and dining. Clinics and pharmacies sit within short reach across Business Bay, with major hospitals in neighbouring Downtown and along Sheikh Zayed Road. Transport is a headline advantage: Business Bay Metro Station and water taxi stations are close to the entrance, Sheikh Zayed Road and Al Khail Road frame the community, and DIFC is under 10 minutes away. Many of the Dubai Canal view apartments here look directly over those water taxi routes, tying the address to the waterfront it faces.

Overview

Curious what the Peninsula Three rental yield could mean for you?

Amenities of Peninsula Three

The amenity deck is unusually broad for a single residential tower, leaning toward an active, socially engaged demographic rather than a passive resort model.

Pool terrace with lap pool

Pool terrace with lap pool

Running track

Running track

Grand lobby with co-working space

Grand lobby with co-working space

Separate leisure and kids' pools
Yoga deck and outdoor lounge
Tennis and padel courts
3-on-3 basketball court
Skate park
Children's play area
50th-floor observation deck
66,000 sq ft community mall
EV charging hubs in parking
Gallery

Peninsula Three: Waterfront Studios and 1–2 Bedroom Residences on the Dubai Canal

Master Plan Peninsula Three

Master Plan Peninsula Three

Master Plan

About Our Approach to Work — Alcenza

At Alcenza Properties, we present the best properties in Dubai, whether for permanent residence or investment. Our team handles every aspect of the process, including transactions, documentation, legal issues, and logistics. This ensures you can focus on your daily life without wasting time on organizational matters.

Step 1.

Initial
Consultation

Our agent will arrange a personal meeting or discuss everything in a format that suits you best. During this consultation, you will outline your goals, be it residence, investment, visa acquisition, or other needs. We will provide you with the most optimal solutions.

Step 2.

Finding the Best Property

Based on your budget and investment goals, we will present a selection of real estate options, including off-plan, primary, and secondary market properties. We will handle all communication with a developer or private owner.

Step 3.

Communication With a Seller

We act as the liaison between you and the seller. From verifying documentation to organizing meetings and monitoring every stage of the transaction, we manage the whole process.

Step 4.

Legal Documentation and Management

Our team ensures the smooth and transparent transfer of property rights through the Dubai Land Department (DLD). We assist with visa applications and offer property management services.

15+
With extensive expertise in the UAE and European real estate markets, we are ready to offer you the most profitable solutions. We guarantee transparency and security at every stage of your transaction.
30%+ Profit From Resale
Our clients have achieved profits of up to 30% within just two years by reselling properties with our guidance.
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Peninsula Three
About Us

Economic Attractiveness

Liquidity here rests on a strong pairing: developer Select Group and Killa Design, the studio behind the Museum of the Future, backing an address in one of Dubai's most traded districts.

Get Full Investment Details

1,74 mln 4%

Median price (AED)

2,680 2%

Median price per sqft (AED)

107 73%

Transactions

Source: Data taken from DXB for the last year, overview - Peninsula Three

ROI Up to 7%

Several forces underpin the investment case. Views come first: most homes frame the Burj Khalifa and Dubai Canal, a headline draw that keeps units in demand with tenants and buyers alike. Location reinforces it. DIFC is under 10 minutes away, Downtown's landmarks around 7 minutes by car and Dubai International Airport near 15 minutes, while Business Bay Metro and water taxi stations sit close to the entrance for a car-optional commute. The district's depth matters too: 156 apartments changed hands in Peninsula Three over the last 12 months, and asking prices across the tower are up 3% in the past six months. Because the building completed in October 2025, purchases now run through the standard ready-resale route on cash or mortgage terms rather than an off-plan wait, so an investor can secure income or occupancy immediately. For buyers weighing Select Group off-plan properties against ready stock, that immediacy is a meaningful edge.

Current listings open at AED 1,100,000 for a studio, with one and two bedroom homes priced higher, and buyers considering apartments for sale in Peninsula Three can transact on standard cash or mortgage terms rather than a Peninsula Three payment plan, since the tower is already complete. A recorded resale of a 696 sq ft one bedroom with a Burj Khalifa view traded at AED 1,880,000, roughly AED 2,700 per square foot. Business Bay is a designated freehold zone, so foreign buyers can own here outright, and a purchase from AED 2,000,000 also clears the 10-year Golden Visa threshold.

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For Rent

For a landlord, the numbers stack up well. Studio rents in the tower currently start from AED 60,000 a year, comfortably ahead of the Business Bay studio floor of about AED 42,000. A mid-floor one bedroom of 654 sq ft has been let at AED 140,000 annually. Set against current studio asking prices from AED 1,100,000, that supports a project ROI of up to 6%, in line with the district's average of around 6%. Demand for apartments for rent in Business Bay stays deep — the district logged more than 14,000 rental transactions over the past year — so lease-up times for a well-priced, view-facing unit tend to be short, and Dubai's absence of rental income tax keeps net returns intact.

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For Living

Living here means a design-led waterfront home with the daily texture of a real neighbourhood. Layouts are drawn to pull in canal and skyline light, finishes hold a premium standard through kitchens and bathrooms, and the arrival sequence — a double-height lobby with lounge and co-working space — sets a considered tone for hybrid-working residents. The amenity deck rewards an active routine, from lap and leisure pools to tennis, padel and a running track, while the 50th-floor observation deck offers a shared panorama few towers can match. Choosing to buy a 1 bedroom apartment in Business Bay puts you minutes from DIFC and Downtown yet inside a self-contained peninsula community, with the metro, water taxis and a 66,000 sq ft mall all within easy reach.

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For Resale

Resale prospects rest on where the tower sits and how it trades. Business Bay is consistently among Dubai's top search areas, with more than AED 20 billion in apartment sales changing hands across the district over the past 12 months, so exit liquidity is rarely the problem it can be in quieter submarkets. Within Peninsula Three, average asking prices have climbed 3% in the last six months. The ready status means a seller markets a finished, income-producing asset rather than a construction promise. Owners across Business Bay have realised healthy gains on resale in recent years, and a design-led, view-rich address like this one is well placed to keep drawing that demand.

UAE Golden Visa

Residence Visa

When purchasing a property from AED 2M (USD 545K), you can apply for a 10-year Golden Visa. This visa is renewed as long as you maintain ownership of the property.

Visa for Your Family

Your family members, including your spouse and children, can also get a Golden Visa. Once you receive a residence visa, you can continue your studies in the UAE, enjoy tax benefits, and conduct business in the country.

passport

Project Materials Peninsula Three

Project Materials

Developer Peninsula Three

Headquartered in Dubai, Select Group is a diversified, forward-thinking corporation that develops premium real estate projects

The company specializes in various sectors, including residential, hospitality, wellness, technology, fitness, and asset management. Founded in 2002, Select Group has built a reputation as a leading developer, that offers luxury residential, commercial, and mixed-use projects in the United Arab Emirates, the United Kingdom, and Europe. Some of the company’s most notable projects include Jumeirah Living Marina Gate, The Residences at Marina Gate, Studio One, 15 Northside, and 98 Baker Street.

Location Peninsula Three

The tower stands within The Peninsula, a waterfront masterplan set on its own peninsula in Business Bay, wrapped by the Dubai Canal and only a short drive from Downtown's landmarks and DIFC.

Road access is immediate, with Sheikh Zayed Road and Al Khail Road framing the community. Burj Khalifa, Dubai Mall and Dubai Opera are about 7 minutes away by car. Palm Jumeirah is roughly 22 minutes and The Walk JBR around 26 minutes, putting the city's leisure anchors comfortably in reach for buyers of apartments for sale in Business Bay.
Public transport is a genuine strength. Business Bay Metro Station sits close to the entrance, roughly a 5-minute drive, and water taxi stations along the Canal add a scenic route into the wider city. Dubai International Airport is about 15 to 18 minutes away, while Al Maktoum International Airport is near 42 minutes, keeping both regional and long-haul travel straightforward.

Sights & Attractions

Burj Khalifa

icon 7 min

Dubai Mall

9 min

Dubai Opera

7 min

Healthcare facilities

Mediclinic Dubai Mall

icon 9 min

Aster Clinic Business Bay

6 min

Emirates Hospital Clinic

8 min

Educational institutions

JSS Private School

icon 8 min

GEMS Our Own Indian School

10 min

Hummingbird Nursery

6 min

Transportation

DXB Airport

icon 15 min

Business Bay Metro Station

5 min

Water taxi station

4 min

General FAQs

Here are the questions buyers and tenants ask most often about Peninsula Three — reach out if yours isn't covered below.

Ask a Question

How many floors are there in Peninsula Three?

Peninsula Three rises 49 storeys, with the top level given over entirely to a public observation deck rather than more apartments. From the 50th floor, that deck frames the Dubai Canal, Burj Khalifa, Downtown and the Arabian Gulf horizon.

Who is the developer of Peninsula Three in Business Bay?

The tower was developed by Select Group, a privately owned Dubai developer founded in 2002 with over 10,000 homes delivered and a portfolio exceeding 24.7 million sq ft. The building itself was designed by Killa Design, the studio behind the Museum of the Future.

What unit types and sizes does Peninsula Three offer?

The building holds 849 residences ranging from studios to 2 bedroom apartments. Sizes run from compact 410 sq ft studios up to 1,061 sq ft two bedroom homes, with most layouts angled to capture Burj Khalifa and Dubai Canal views.

How much does an apartment in Peninsula Three cost?

Current listings start from AED 1,100,000 for a studio, with one and two bedroom homes priced higher. A recorded resale of a 696 sq ft one bedroom with a Burj Khalifa view traded at AED 1,880,000, around AED 2,700 per square foot.

Is Peninsula Three ready or still off-plan?

The tower is complete, having been handed over in October 2025. Buyers now transact in the ready-resale market on standard cash or mortgage terms, which means immediate rental income or occupancy rather than a multi-year construction wait.

What is the rental yield at Peninsula Three?

Studio rents in the building start from around AED 60,000 a year, supporting a project return of up to 6% — in line with Business Bay's district average near 6%. With no rental income tax in Dubai, landlords keep the full return.

What amenities are available to residents?

Facilities include a pool terrace with lap pool, separate leisure and kids' pools, a yoga deck, tennis and padel courts, a running track, a 3-on-3 basketball court and a skate park. A 66,000 sq ft community mall and the rooftop observation deck round out the offering.

Can foreign buyers purchase in Peninsula Three?

Yes. Business Bay is a designated freehold zone, so overseas buyers can own outright. A purchase from AED 2,000,000 also meets the threshold for a 10-year Golden Visa, and mortgage financing is available on the completed stock.

How well connected is the location?

Business Bay Metro Station and water taxi stations sit close to the entrance, with Sheikh Zayed Road and Al Khail Road framing the community. DIFC is under 10 minutes away, Downtown's landmarks around 7 minutes, and Dubai International Airport roughly 15 minutes by car.
FAQs

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Peninsula Three
Amirans Kavtaradze

List by

Amirans Kavtaradze

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Peninsula Three

Starting Price AED 1,10 mln

Handover Ready