Price from
AED 1.42M
Starting price for Peninsula One.

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Peninsula One by Select Group in Business Bay comprises 110 micro-studio units at 37.81 sqm each, priced at AED 1.
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Price from
AED 1.42M
Starting price for Peninsula One.
Completion
Q2 2024
Tracked completion target for Peninsula One.
Related projects
18
Nearby launches and other Select Group projects.
Peninsula One is a Select Group residential tower in Business Bay delivering 110 micro-studio units at 37.81 sqm each, priced uniformly at AED 1.42M with a scheduled handover of Q2 2024. At AED 37,556 per sqm, this is a single-thesis yield product—not a diversified capital-growth play—and every selection decision should be made with that distinction clear. With 975 tracked transactions and 191 rent signals already on record, buyers have real market data to benchmark Peninsula One against eighteen other tracked projects in the district before committing acquisition capital.
All 110 tracked units in Peninsula One are priced identically at AED 1.42M for 37.81 sqm, producing a per-sqm rate of AED 37,556. That rate is consistent with Business Bay's mid-tier compact segment, where canal-adjacent land values and sustained rental absorption have kept per-sqm pricing elevated relative to outer districts. The uniform floor plan removes ambiguity from pricing negotiations but eliminates the upper-floor, canal-view, and corner-unit premiums available in larger mixed-use towers—meaning there is no internal price discovery to work with and no optionality to exploit through unit selection. Buyers should calculate total acquisition cost by adding the 4% DLD transfer fee and a 4% buyer-side fee to the AED 1.42M base, bringing the all-in entry to approximately AED 1.55M before ancillary legal and registration charges. Buyers unfamiliar with Dubai's full acquisition cost structure should review the buying guide before approaching the developer or any resale vendor directly. At this cost basis, the entire investment thesis rests on Business Bay's rental absorption capacity for sub-40-sqm studios—there is no floor-plan differentiation to generate asymmetric return from a better unit selection within this specific project.
Peninsula One's original handover target was Q2 2024, and the project is tracked at zero percent ahead of its delivery schedule—it has not outpaced its construction timeline at any recorded stage. With Q2 2024 now well behind the current date, buyers evaluating Peninsula One are working with a project that should be either completed or in final delivery and snagging phases. Before making any offer or assignment, obtain written confirmation from Select Group on handover certificate issuance and verify the project's current status through the Dubai Land Department's Oqood registry. The 975 tracked transactions indicate sustained secondary-market and resale activity consistent with a project at or near completion. High transaction velocity in the final delivery window can reflect genuine investor liquidity, but it also signals speculative assignment exits—buyers should review the price distribution across those 975 transactions to determine whether the resale market is pricing Peninsula One above or below original launch rates before entering at any point in the current cycle.
Business Bay is Dubai's most densely traded mixed-use corridor, running south from Downtown Dubai along the Dubai Water Canal and consistently recording among the highest off-plan and ready-market transaction volumes in the emirate. Compact studio supply in Business Bay serves genuine and recurring demand from corporate short-term tenants, holiday rental operators, and mid-market professionals who require central access but cannot absorb Downtown Dubai pricing. The 191 rent signals attached to Peninsula One confirm that this product has moved into active rental use, providing a real-world yield baseline that buyers can reference rather than relying on developer projections. Buyers should compare those rent signals against current live listings for comparable 37–40 sqm Business Bay studios to determine whether Peninsula One is achieving above or below prevailing market rents in its exact micro-size category. Business Bay faces continuous new supply delivery across multiple towers simultaneously, so buyers whose return model depends on rent growth rather than static yield must assess supply absorption rates and competing inventory before accepting today's per-sqm pricing as a durable floor. Eighteen active and completed projects tracked across Business Bay provide direct pricing benchmarks that strengthen any side-by-side evaluation of Peninsula One against its district peers.
Select Group operates across a wide product spectrum in Dubai, from compact yield-focused inventory to premium branded residences targeting capital appreciation buyers. Six Senses Residences Marina sits at the developer's highest-specification end—a fully branded residential product with a materially different buyer profile, exit market, and hold-period thesis compared to Peninsula One's micro-studio stack. Buyers evaluating Select Group as a developer relationship should make an explicit choice between the yield-first compact product and the brand-premium segment rather than treating them as equivalent expressions of the same investment logic. Peninsula One suits investors who want cash-flow-first exposure to Business Bay at a sub-AED 1.55M all-in entry with a short-to-medium hold horizon. Select Group's branded projects suit buyers for whom gross yield is secondary to asset specification, brand recognition, and long-run capital appreciation. Reviewing the developer's delivery track record across both product tiers—specifically handover timing relative to original schedules—is essential due diligence before committing capital to any Select Group project in the current cycle.
Before Peninsula One earns selection status, buyers should run direct comparisons against active and recently delivered launches across Business Bay and its adjacent corridors. Haus of Tenet offers an alternative Business Bay entry point with floor plan variety that may deliver more strategic flexibility across studio and 1-bedroom inventory within a comparable acquisition budget. Aykon City 3 is a large-scale Damac development in the same corridor with a differentiated pricing structure and mixed unit inventory that serves both owner-occupier and investor demand—expanding the eventual resale market beyond Peninsula One's investor-only exit profile. Artistry Residences and Artistry Residences 2 are directly comparable on finishing specification and service charge levels, both of which affect net yield calculations materially and are worth obtaining and comparing before finalising any Business Bay commitment. Bearau Lamar Commercial Tower addresses buyers with a commercial-use or mixed-tenure strategy who want Business Bay exposure outside the residential micro-unit category entirely. Buyers weighing an off-plan or assignment entry in Peninsula One against a completed ready-unit purchase elsewhere in the district should review the off-plan vs ready comparison to stress-test whether the current market conditions favour off-plan pricing or ready-to-occupy product for their specific return timeline.

Peninsula One's scheduled handover was Q2 2024. As of 2026, the project is recorded at zero percent ahead of its original schedule, meaning it has not outperformed its delivery timeline. Buyers approaching Peninsula One today should verify handover certificate status directly with [Select Group](/developers/select-group-2) and confirm project standing through the Dubai Land Department's Oqood registry before finalising any purchase agreement, assignment, or secondary-market transaction.
The 191 rent signals attached to Peninsula One provide a live benchmark rather than speculative projections. To calculate realistic net yield, buyers should cross-reference those signals against current 37–40 sqm studio asking rents in Business Bay, then deduct service charges, a standard 5% vacancy allowance, and ongoing management costs from the gross figure. The 4% agent acquisition fee adds to the cost basis and reduces effective first-year yield, so buyers should model from an all-in entry of approximately AED 1.55M rather than the AED 1.42M list price.
A single floor-plan concentration at 37.81 sqm limits the exit market to investors and short-term rental operators. Owner-occupiers and families are effectively excluded, which narrows secondary-market demand at resale. Towers such as [Aykon City 3](/projects/aykon-city-3) and [Artistry Residences](/projects/artistry-residences) carry 1- and 2-bedroom inventory that attracts a broader buyer pool, improving liquidity for sellers on a two-to-five-year horizon. Buyers with capital appreciation as a secondary objective should price this constraint into the acquisition decision before committing.

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