Peninsula Two
by Select Group

Studios, one and two bedroom apartments

AED 1,02 mln Starting price
Ready Handover
Peninsula Twoby Select Group

Buy Apartments in Peninsula Two by Select Group, Business Bay

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 1,020,000
Location Business Bay
Developer Select Group
Handover Ready
Living Area 339 sq. ft. - 965 sq. ft.
Bedrooms Studios - 2 BR

Peninsula Two brings studios, one and two bedroom apartments to Select Group's waterfront community, with pools, fitness facilities, landscaped parks and an on-site mall.

This 36-storey tower holds 439 residences arranged as studios, one bedroom and two bedroom homes. Sizes run from 339 sq ft in the most compact studios up to 965 sq ft across the largest two bedroom layouts, a mix that suits single professionals, couples and small families. Each configuration comes with a balcony, and the two bedroom plans add a second bathroom to the living, dining and kitchen zones. Interiors follow a contemporary, neutral design that keeps the focus on daylight and the outlook beyond the glass. Depending on orientation, homes look onto Dubai Water Canal, the Downtown skyline, Burj Khalifa and, from higher canal-facing positions, the Arabian Gulf. Residents share a gym, swimming pool, yoga deck, running and walking tracks, open-air parks, and tennis and squash courts. The wider community mall brings 23 retail units, supermarkets, cafés and everyday services to the doorstep. Anyone weighing apartments for sale in Peninsula Two will find a canal-side address that folds recreation, retail and a central Business Bay setting into one walkable enclave. Covered parking, high-speed lifts, CCTV-backed security and on-site maintenance handle the building's day-to-day practicality.

Peninsula Two
About Peninsula Two by Select Group

Overview of Peninsula Two by Select Group

Set within a canal-wrapped masterplan yet minutes from Downtown, Peninsula Two pairs resort-style amenities with a central address. Peninsula Two prices open from AED 1,020,000, giving buyers an accessible entry into one of Dubai's most connected districts.

5.5%

Average ROI

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Community

Business Bay is a central mixed-use district beside Dubai Water Canal, next to Downtown Dubai and Sheikh Zayed Road. Its residential towers, offices and hotels create a lively urban setting for professionals, expatriates, couples and centrally based families. Along the canal, the boardwalk gives walkers and cyclists space beside the water. Demand for real estate in Business Bay reflects this mix of downtown access and waterfront leisure. Freehold status also opens ownership to buyers of every nationality.

Daily needs are close at hand. Bay Avenue Mall serves the district, while Choithrams, Spinneys, Carrefour Market and West Zone Supermarket cover groceries. Emirates Hospital Clinic is 3 minutes away by car; Medcare Hospital in Safa takes 8 minutes, and Emirates Hospital in Jumeirah takes 12. Schools are in adjoining communities, though Blossom and Learning Tree nurseries are nearby. Business Bay Metro Station is a 3-minute drive, and Dubai International Airport is 11 minutes away. This connectivity helps Business Bay flats for sale attract tenants and owner-occupiers.

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Interior

The residences carry an understated aesthetic built around light and openness. Neutral tones set a calm backdrop that lets the canal and skyline views do the talking, while floor-to-ceiling glazing draws daylight deep into the living spaces. Layouts are efficient and uncluttered, whether in a compact studio or a two bedroom home, and every apartment opens onto a private balcony that blurs the line between indoor and outdoor living. A studio for sale in Business Bay rarely feels this considered at entry level; here the design keeps sightlines clean and surfaces restrained. Soft, layered lighting supports both quiet evenings and entertaining.

Kitchens are integrated into the open living and dining space, with cabinetry and durable worktops specified by Select Group. Studios have one bathroom, while two bedroom homes add a second. Contemporary sanitaryware and clean tiling continue the neutral palette through the bathrooms. Within the tower, a 1 bedroom apartment for sale in Business Bay combines practical finishes with a waterfront outlook, and the restrained materials are suited to everyday use.

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Infrastructure

Daily conveniences sit right inside the Peninsula community. The on-site community mall gathers 23 retail units under one roof, including anchor supermarkets, pharmacies, healthcare amenities, beauty salons and a spread of food-and-beverage outlets and cafés. A morning coffee, a grocery run or a quick bite is a short walk from the lobby rather than a drive across the district. For anyone looking to buy property in Business Bay with genuine walkability, this concentration of everyday retail and dining at the doorstep removes the need to leave the immediate neighbourhood for routine errands.

Beyond the community mall, Bay Avenue Mall serves as the district's main retail and leisure centre. The Dubai Water Canal boardwalk, 9 minutes away by car, provides space for walking and cycling. Emirates Hospital Clinic is a 3-minute drive; Medcare Hospital in Safa takes 8 minutes, and Emirates Hospital in Jumeirah takes 12. Binary Tower Bus Stop is roughly a 3-minute walk away. Business Bay Metro Station is 3 min by car and is also served by the F19B and F41 bus routes.

Overview

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Amenities of Peninsula Two by Select Group

Residents enjoy a full spread of wellness, recreation and community facilities within the Peninsula setting, from waterside tracks to courts and pools.

Fully equipped gymnasium

Fully equipped gymnasium

Swimming pool

Swimming pool

Community mall with 23 retail

Community mall with 23 retail

Dedicated yoga deck
Running and walking tracks
Open-air landscaped parks
Tennis courts
Squash courts
Covered resident parking
High-speed elevators
CCTV-backed security
On-site maintenance staff
Gallery

Peninsula Two: Waterfront Studios and 1–2 Bedroom Residences on Dubai Water Canal

Master Plan Peninsula Twoby Select Group

Master Plan Peninsula Two
by Select Group

Master Plan

Floor Plans Plan Peninsula Two by Select Group

Property Type
Bedrooms
Area
Starting Price
Studio
from 339 sq. ft.
Ask for Price
Studio
Ask for Price 339 sq. ft.
Bathrooms Bathrooms1

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Apartments
1 Bedroom
from 576 sq. ft.
Ask for Price
1 Bedroom Apartments
Ask for Price 576 sq. ft.
Bedrooms Bedrooms1
Bathrooms Bathrooms1

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We will help you get an asset that is growing in value

Apartments
2 Bedrooms
from 912 sq. ft.
Ask for Price
2 Bedrooms Apartments
Ask for Price 912 sq. ft.
Bedrooms Bedrooms2
Bathrooms Bathrooms2

Are you looking for a profitable investment option?

We will help you get an asset that is growing in value

Floor Plans

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 Two
About Us

Economic Attractiveness

Backed by Select Group, one of Dubai's most established developers, and set in a canal-wrapped Business Bay masterplan, Peninsula Two draws steady buyer and tenant interest.

Get Full Investment Details

1,64 mln 32%

Median price (AED)

2,620 2%

Median price per sqft (AED)

72 -29%

Transactions

Source: Data taken from DXB for the last year, overview Peninsula Two by Select Group

Canal, Downtown skyline and Burj Khalifa views strengthen the tower's appeal to tenants. The mean asking price across current Peninsula Two listings is AED 2,869 per sq ft, above the Business Bay average of AED 2,488 per sq ft. The location adds further weight: Downtown is close, Business Bay Metro Station is 3 minutes away by car, and Sheikh Zayed Road provides wider access. Resort-style amenities, the community mall and Select Group's delivery record support demand from buyers weighing property for sale in Business Bay. The Peninsula Two payment plan was 5/25/70 at launch; it is not a confirmed current offer.

Current studio asking prices in the tower start from AED 1,020,000. Verified starting prices are unavailable for one and two bedroom apartments, whose asking prices vary by floor, size and view. Business Bay is freehold, so buyers of all nationalities may hold title deeds without a residency requirement.

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For Rent

Reported 2026 starting annual rents in Peninsula Two are around AED 55,000 for studios, AED 75,000 for one bedroom homes and AED 110,000 for two bedroom apartments. That gives landlords several income tiers within one tower. A project-specific gross yield has not been verified. As a district benchmark, Business Bay recorded a 5.5% gross rental yield in 2026, supported by demand from professionals and expatriates seeking a central canal-side address.

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For Living

Residents can start the day with a gym session, a swim or a walk beside the canal. Light-filled layouts range from studios to two bedroom homes, each with a private balcony and a neutral interior palette. Select Group's specification extends across kitchens, bathrooms and living areas. Retail, dining and healthcare are nearby, while the metro and Sheikh Zayed Road support daily travel. Families should note that schools are in adjoining districts.

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For Resale

Peninsula Two has an established sales history of 50 DLD-sourced transaction records, giving future sellers evidence of buyer activity within the tower. Its waterfront position, compact unit mix and place in Select Group's wider Peninsula community broaden the resale audience. Business Bay also attracts both investors and owner-occupiers. With handover status still unverified, resale timing should be assessed against the tower's confirmed completion and the terms of each individual sale.

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 Two
by Select Group

Project Materials

Developer Peninsula Two

Select Group is a Dubai-headquartered real-estate and investment group with a long-standing reputation across the emirate's residential and mixed-use market.

Founded in 2002 and led by founder and CEO Rahail Aslam, Select Group works across residential, commercial, hospitality, retail and mixed-use development. Its portfolio exceeds 24.7 million sq ft. Completed projects include Jumeirah Living Marina Gate, The Residences at Marina Gate, Studio One, 15 Northside and 98 Baker Street in London. The developer also locates its headquarters within Peninsula, the community behind Peninsula Two.

Location Peninsula Two by Select Group

Peninsula Two sits within the Peninsula waterfront masterplan in Business Bay, a canal-wrapped enclave that adjoins Downtown Dubai and places Burj Khalifa and the Dubai Mall just minutes away by car.

Sheikh Zayed Road and Al Khail Road provide onward access across Dubai. By car, The Dubai Mall is 5 minutes away, Burj Khalifa takes 6 minutes, and Dubai Water Canal takes 9. The canal boardwalk also offers waterside space for walking and cycling.

Public transport is close to the tower. Binary Tower Bus Stop is about a 3-minute walk away, while Business Bay Metro Station takes 3 min by car and connects with the F19B and F41 bus routes. Dubai International Airport is an 11-minute drive, providing straightforward access for residents and visitors.

Sights & Attractions

The Dubai Mall

icon 5 min

Burj Khalifa

6 min

Dubai Water Canal

9 min

Healthcare facilities

Emirates Hospital Clinic

icon 3 min

Medcare Hospital

8 min

Emirates Hospital

12 min

Educational institutions

Blossom Nursery

icon 3 min

Learning Tree Nursery

5 min

Horizon English School

10 min

Transportation

Binary Tower Bus Stop

icon 1 min

Business Bay Metro Station

3 min

Dubai International Airport

11 min

FAQ

Below are the questions buyers and tenants ask most often about Peninsula Two, from pricing and unit types to location and investment potential. If your question isn't covered here, our team is glad to help you further.

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How much does an apartment in Peninsula Two cost?

Current asking prices start at AED 1,020,000 for a studio, based on live Peninsula Two listings. No verified starting price is available for one or two bedroom apartments. Their asking prices vary with floor level, internal area and outlook, with canal or skyline views influencing the final figure.

Where in Dubai is Peninsula Two located?

Peninsula Two stands in Select Group's waterfront Peninsula community in Business Bay, beside Dubai Water Canal and next to Downtown Dubai. The Dubai Mall is 5 minutes away by car, while Burj Khalifa takes 6 minutes. Sheikh Zayed Road, Al Khail Road and Business Bay Metro Station provide wider city access.

Who is the developer behind Peninsula Two?

Select Group developed Peninsula Two. The Dubai-headquartered real-estate and investment group was founded in 2002, and its portfolio exceeds 24.7 million sq ft. Completed projects include Jumeirah Living Marina Gate, The Residences at Marina Gate, Studio One and 15 Northside. The company also bases its headquarters within the Peninsula community.

What unit types and sizes are available?

The tower contains 439 residences across 36 storeys. Its mix covers studios and one and two bedroom apartments, with developer-stated sizes from 339 to 965 sq ft. Every configuration includes a balcony. Studios and one bedroom homes have one bathroom, while two bedroom layouts provide two.

What amenities does Peninsula Two offer?

Residents have access to a gym, swimming pool, yoga deck, running and walking tracks, landscaped parks, tennis courts and squash courts. The wider community includes a mall with 23 retail units, including supermarkets, pharmacies, salons, cafés and dining venues. Covered parking, high-speed lifts, security and maintenance support day-to-day use.

What views can residents expect from the tower?

The outlook depends on the apartment's floor and orientation. Reported views include Dubai Water Canal, the Downtown Dubai skyline and Burj Khalifa. Higher canal-facing homes may also look toward the Arabian Gulf. Floor-to-ceiling glazing brings these outlooks into the main living spaces and increases natural light during the day.

Can foreigners buy property in Peninsula Two?

Yes. Peninsula Two is in Business Bay, a designated freehold district where buyers of all nationalities can hold full title deed ownership. A buyer does not need to be a UAE resident to purchase. This makes the tower accessible to international investors as well as residents seeking a home in central Dubai.

What rental income can Peninsula Two generate?

Reported 2026 starting annual rents are around AED 55,000 for studios, AED 75,000 for one bedroom homes and AED 110,000 for two bedroom apartments. A project-specific Peninsula Two rental yield has not been verified. For context, Business Bay recorded a district gross rental yield of about 5.5% in 2026.

Is Peninsula Two a good choice for families?

One and two bedroom layouts can suit couples and small families, while the community provides parks, pools and sports courts. Daily retail and healthcare are also nearby. Business Bay has no schools within the district, so families with school-age children should plan for travel or school transport. Blossom and Learning Tree nurseries are cited nearby.
FAQ

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Peninsula Two
Amirans Kavtaradze

List by

Amirans Kavtaradze

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Peninsula Two

Starting Price AED 1,02 mln

Handover Ready