Building guide, Business Bay
Peninsula One Business Bay, Dubai
3.9from 44 Google reviewsPeninsula One is a 36 storey residential tower by Select Group on the Dubai Water Canal in Business Bay, part of the Peninsula waterfront community. Handed over in 2025, it has 433 studios, one and two bedroom apartments, with a resort style pool deck and views across the canal towards the Downtown Dubai skyline.
Key facts
- Developer
- Select Group
- Community
- Peninsula, Business Bay
- Handover
- 2025
- Floors
- 36, plus 2 basement levels
- Homes
- 433
- Unit types
- Studios, 1 and 2 bedrooms
- Main contractor
- China State Construction Engineering Corporation
- Setting
- Directly on the Dubai Water Canal
Homes on the market now
Our Sept 2026 snapshot of homes publicly on the market in Peninsula One, grouped by type. Indicative only, not listings or offers.
| Home | Listed | Asking | Sold (12 mo) |
|---|---|---|---|
| Studio | ~19 | AED 1.2M | AED 1.2M |
| 1 BR | ~20 | AED 1.9M | AED 1.8M |
| 2 BR | ~19 | AED 3.2M | AED 2.6M |
Sold = registered sales, last 12 months. About AED 2,776 per sq ft.
Recent registered sales in Peninsula One
80 sales were registered with the Dubai Land Department in Peninsula One from 26 September 2025 to 25 September 2026. The latest 15, newest first:
- 2 BR · 1,133 sq ftSept 2026AED 2,850,000AED 2,516 / sq ft
- Studio · 390 sq ftSept 2026AED 1,130,000AED 2,900 / sq ft
- 2 BR · 912 sq ftAug 2026AED 2,240,000AED 2,456 / sq ft
- 1 BR · 671 sq ftAug 2026AED 1,700,000AED 2,532 / sq ft
- 1 BR · 849 sq ftJul 2026AED 1,920,000AED 2,261 / sq ft
- 1 BR · 632 sq ftJul 2026AED 1,555,000AED 2,460 / sq ft
- Studio · 420 sq ftJun 2026AED 1,050,000AED 2,498 / sq ft
- 2 BR · 903 sq ftJun 2026AED 2,875,000AED 3,185 / sq ft
- 1 BR · 554 sq ftJun 2026AED 1,635,000AED 2,953 / sq ft
- 3 BR · 1,539 sq ftJun 2026AED 3,700,000AED 2,403 / sq ft
- 1 BR · 632 sq ftMay 2026AED 1,700,000AED 2,690 / sq ft
- Studio · 390 sq ftMay 2026AED 1,140,000AED 2,926 / sq ft
- 3 BR · 1,539 sq ftApr 2026AED 3,500,000AED 2,274 / sq ft
- 2 BR · 904 sq ftApr 2026AED 2,600,000AED 2,877 / sq ft
- 1 BR · 640 sq ftMar 2026AED 1,675,000AED 2,617 / sq ft
Sizes, prices and yields by bedroom
From registered sales and Ejari rents over the same 12 months. Size range covers the middle 80% of sales.
Studio · Sales 22
- Typical size
- 405 sq ft
- Per sq ft
- AED 3,084
- Rent a year
- AED 80K
- Gross yield
- 6.5%
- Size range
- 389 to 420 sq ft
1 BR · Sales 30
- Typical size
- 636 sq ft
- Per sq ft
- AED 2,753
- Rent a year
- AED 120K
- Gross yield
- 6.6%
- Size range
- 570 to 856 sq ft
2 BR · Sales 23
- Typical size
- 948 sq ft
- Per sq ft
- AED 2,456
- Rent a year
- AED 179K
- Gross yield
- 6.8%
- Size range
- 904 to 1,875 sq ft
3 BR · Sales 5
- Typical size
- 1,539 sq ft
- Per sq ft
- AED 2,403
- Rent a year
- AED 340K
- Gross yield
- 7.9%
- Size range
- 1,504 to 2,578 sq ft
Price per sq ft by quarter
Median price per sq ft of registered sales, 1 July 2025 to 25 September 2026. Quarters with fewer than 5 sales are left out.
- Q3 2025AED 2,530
- Q4 2025AED 2,784
- Q1 2026AED 2,877
- Q2 2026AED 2,783
- Q3 2026AED 2,488
About Peninsula One
Peninsula One is the first residential tower of Peninsula, the waterfront master community that Select Group built on the Dubai Water Canal in the heart of Business Bay. Construction started in August 2021 and Select Group scheduled the handover for July 2025, making it one of the newest completed towers in the district.
The tower rises 36 storeys above two basement parking levels and holds 433 homes, mostly studios and one bedroom apartments with a smaller number of two bedroom layouts. The main contractor was China State Construction Engineering Corporation. Residents share a landscaped pool deck with an adult pool, a children's pool, an outdoor jacuzzi, cabanas and a water feature.
Peninsula as a whole covers 3.3 million sq ft with around 3,300 homes across seven developments, a 66,000 sq ft mall, The Plaza waterfront food market and green spaces, all planned for walking. That mix of canal views, daily shopping on the doorstep and compact layouts makes Peninsula One popular with young professionals and with investors looking for rental demand close to Downtown Dubai.
Amenities
- Swimming pool
- Children's swimming pool
- Outdoor jacuzzi
- Cabanas
- Children's play area
- Picnic area and seating deck
- Water feature
- Basement parking
Location
Peninsula One stands in the Peninsula community on the western side of Business Bay, directly on the Dubai Water Canal. Bay Avenue Park and Business Bay Metro Station are both within about a kilometre, and the Dubai Mall is roughly 2 km away.
- Bay Avenue Park0.7 km
- Business Bay Metro Station0.9 km
- Dubai Opera1.3 km
- Burj Khalifa1.6 km
- The Dubai Mall1.9 km
- Al Safa Park2.0 km
- City Walk2.6 km
Peninsula One: common questions
How much does an apartment cost in Peninsula One?+
In our Sept 2026 market snapshot, about 58 apartments in Peninsula One were for sale, from AED 1.1M to AED 5.4M for studio to 2 bedroom homes.
What is the rent in Peninsula One?+
In our Sept 2026 snapshot, about 130 apartments in Peninsula One were for rent at AED 65K to AED 380K a year.
What have apartments in Peninsula One sold for?+
Dubai Land Department records show 80 sales in Peninsula One from 2025-09-26 to 2026-09-25. Typical sold prices: studio AED 1.2M, 1 bedroom AED 1.8M, 2 bedroom AED 2.6M, 3 bedroom AED 4.3M, about AED 2,776 per sq ft.
How much does a 1 bedroom apartment in Peninsula One cost?+
A typical 1 bedroom apartment in Peninsula One sold for about AED 1.8M, based on 30 sales registered with the Dubai Land Department from 26 September 2025 to 25 September 2026. The typical size is 636 sq ft, about AED 2,753 per sq ft. Ejari contracts put the typical rent at AED 120K a year, a gross yield of about 6.6%.
What rental yield can I expect in Peninsula One?+
Comparing typical registered rents with typical sold prices over the same 12 months gives a gross yield of about 6.5% for studios, 6.6% for 1 bedrooms, 6.8% for 2 bedrooms, 7.9% for 3 bedrooms, before service charges and other costs.
Who developed Peninsula One?+
Peninsula One was developed by Select Group as the first residential tower of its Peninsula community in Business Bay. China State Construction Engineering Corporation was the main contractor.
When was Peninsula One completed?+
Construction began in August 2021 and Select Group scheduled the handover for early July 2025, so the tower is now complete and lived in.
How many apartments are in Peninsula One?+
The tower has 433 homes over 36 floors. Most are studios and one bedroom apartments, with a smaller number of two bedroom homes.
What amenities does Peninsula One have?+
Residents share a pool deck with an adult pool, a children's pool, an outdoor jacuzzi, cabanas, a children's play area, a picnic area and a water feature, plus basement parking.
Is Peninsula One on the Dubai Water Canal?+
Yes. It sits directly on the Dubai Water Canal in the Peninsula community, about 0.9 km from Business Bay Metro Station and around 2 km from the Dubai Mall.
Compare every tower on the 3D map: units available, bedroom mix and prices.
Other building guides in Business Bay
Sources: Peninsula 1 building guide (Propsearch), Select Group Peninsula sell out and handover schedule (Construction Business News ME). Asking prices: EQT snapshot of homes on the market, Sept 2026. Source for sold prices and signed rents: Dubai Land Department open data via Data.Dubai, 2025-09-26 to 2026-09-25. Rating: Google.