Peninsula Four
Dubai community · 0 off-plan projects
About Peninsula Four
Peninsula Four is one of the final residential phases within Select Group's master-planned Peninsula community on the Dubai Creek waterfront in Business Bay. It sits on a genuine canal-facing plot — not a marketing approximation of water views, but actual frontage on the Dubai Water Canal. Our take: this is a late-stage entry into one of Business Bay's most coherent residential clusters, where the hard infrastructure is already in place and the lifestyle proposition is proven. Buyers here are typically professionals who want walkable canal access without paying Downtown Dubai premiums, and investors who spotted the yield story early and are still finding room to act.
Market overview
Our catalogue currently lists one active project in Peninsula Four: Peninsula Five by Select Group, with a Q4 2024 status. That single listing is not a sign of a thin market — it reflects where Peninsula Four sits in the development cycle. The earlier phases (One through Three) have largely been absorbed, and Peninsula Five represents the tail end of Select Group's canal-side pipeline here. When supply tightens in a proven master-plan, that's usually when resale premiums start to move.
Price per square foot in the Peninsula cluster has historically sat in the AED 1,400–1,800 range for mid-floor units, with canal-facing floors commanding a meaningful premium above that band. Business Bay as a whole has seen sustained price appreciation over the past two to three years, driven by the area's transition from a predominantly commercial address to a genuinely mixed-use neighbourhood. Peninsula has been one of the cleaner beneficiaries of that shift.
In our experience, buyers who came in at the Peninsula One and Two launches are now sitting on capital gains that have surprised even them. The master-plan discipline — consistent architecture, shared podium amenities, a proper canal promenade — has meant that the community holds its value better than isolated towers elsewhere in Business Bay.
Off-plan pricing in Peninsula Five will likely reflect the scarcity of remaining canal-front inventory from Select Group in this specific cluster. Expect launch prices to be positioned at or above the current secondary-market rate for earlier phases, which is standard practice when a developer is closing out a successful master-plan. Buyers who want to get in at the ground floor of Peninsula Four's final chapter should be front of the queue at launch, not waiting for post-handover discounts that may not materialise.
Living in Peninsula Four
Peninsula Four is unambiguously an urban neighbourhood. The Dubai Water Canal runs along its edge, and the canal promenade — shared across the Peninsula phases — gives residents a genuine outdoor amenity that most Business Bay towers simply don't have. You can walk to a coffee shop, run 3 kilometres along the water, and be back at your desk within the hour. That loop matters to the demographic who actually lives here.
Our buyers in this cluster skew towards working professionals in their late twenties to early forties — often finance, tech, or real estate — who want proximity to DIFC and Downtown without the noise of tourist-heavy areas. It's not a family-first neighbourhood in the traditional sense; school catchments require a car, and the street-level environment is more canal-path than cul-de-sac. That said, we do see couples with young children who prioritise the walkable water access and accept the school-run drive as a trade-off.
Dining options within and immediately around the Peninsula community have grown considerably as the phases have filled up. The canal-side F&B strip is now a legitimate evening destination, not just a convenience for residents. Weekends bring a mix of residents and visitors, which keeps the retail and hospitality offer commercially viable — a good sign for long-term liveability.
The community pool and gym facilities across the Peninsula phases are well-maintained. Select Group has a track record of delivering amenity spaces that don't deteriorate quickly, which is not something you can say about every Business Bay developer. This is, in our opinion, one of the better-managed residential clusters in the sub-market.
Schools, healthcare & retail
Schools within reach:
- Hartland International School — approximately 5 minutes by car via Al Khail Road
- Horizon English School — Business Bay / Oud Metha area, 10–15 minutes
- Jumeirah English Speaking School (JESS) Arabian Ranches — 20–25 minutes for families willing to drive
Healthcare:
- Mediclinic City Hospital (Dubai Healthcare City) — roughly 15 minutes, one of Dubai's better-regarded private hospital networks
- Aster Clinic Business Bay — close-in GP and specialist access for day-to-day needs
- Several pharmacy chains operate within the Business Bay retail podiums
Retail & daily convenience:
- Waitrose and Spinneys branches in the Downtown / Business Bay corridor cover the weekly shop
- Bay Avenue Mall provides a neighbourhood retail strip — supermarket, F&B, and services — without the scale of a full regional mall
- Dubai Mall is a 10-minute drive, which is both a convenience and, on busy weekends, a traffic consideration
The canal promenade itself hosts a growing number of casual dining and café outlets that handle most day-to-day food and beverage needs without requiring a car. For residents who work in DIFC or Downtown, the proximity to those districts' retail and dining options effectively extends the neighbourhood's amenity footprint considerably.
Getting around
Peninsula Four's location in Business Bay puts it within a 10-minute drive of the Burj Khalifa and Downtown Dubai under normal traffic conditions — and Business Bay Road can be genuinely quick outside peak hours. DIFC is roughly 12–15 minutes by car. Dubai Marina is a 25–30 minute drive, longer during the evening rush on Sheikh Zayed Road.
Dubai International Airport (DXB) sits approximately 20–25 minutes away via Al Khail Road, which is one of the more reliable routes in the city. Al Maktoum International (DWC) is a longer haul — 45 to 55 minutes depending on traffic — so frequent flyers to DWC should factor that in.
The nearest metro access is Business Bay station on the Red Line, roughly a 10–15 minute walk from the Peninsula cluster depending on which tower you're in. It's walkable, but not effortless — the pedestrian infrastructure between the canal-side buildings and the station is functional rather than pleasant. The RTA water taxi stops along the canal are a genuinely useful alternative for reaching Downtown and beyond.
Our honest assessment: connectivity here is strong, not just on paper. Al Khail Road and the internal Business Bay grid give residents multiple routing options, which reduces the single-point-of-failure congestion that plagues some other mid-city communities.
Investment outlook
Business Bay mid-market apartments — the category Peninsula Four sits in — have historically delivered gross rental yields in the 6–8% range, with canal-facing units at the lower end of that band due to higher capital values. That's a respectable return by Dubai standards, and it's held up well as the area has matured.
The supply picture for Peninsula Four specifically is favourable. With Peninsula Five by Select Group representing the last active project in our catalogue for this cluster, there's no wave of new inventory coming that would dilute rental demand or suppress resale prices in the near term. Scarcity in a proven master-plan is a different proposition from scarcity in an unproven one — here, the rental demand is already demonstrated by the earlier phases.
Resale liquidity in the Peninsula community is reasonable. Units trade on the secondary market with enough frequency that an exit within a 12–18 month window is realistic, which is not always the case in Business Bay's more obscure towers. The Select Group brand carries weight with end-users and investors alike, which broadens the buyer pool at resale.
Capital appreciation in this cluster has tracked above the Business Bay average over the past cycle, largely because the master-plan coherence and canal frontage create a product that's genuinely differentiated. We don't expect that premium to compress significantly while the canal promenade remains one of the few genuinely walkable waterfront amenities in central Dubai.
Our editorial line: bullish. Peninsula Four is closing out a successful master-plan with limited remaining inventory, proven rental demand, and a location that continues to attract the professional demographic driving Business Bay's residential story.
Frequently asked questions about Peninsula Four
Is Peninsula Four a good investment in 2026?
In our experience, Peninsula Four sits in one of Business Bay's strongest micro-markets. The waterfront positioning along the Dubai Canal drives consistent demand from both end-users and investors. Capital values have tracked upward across the Peninsula master plan, and with Phase Five still delivering, early buyers in completed phases have already seen solid appreciation. We'd call it a compelling mid-to-long-term hold, particularly for 1- and 2-bedroom units where liquidity is highest.
What is the typical price per sqft in Peninsula Four?
Right now we're seeing Peninsula Four trade broadly between AED 2,100 and AED 2,600 per sqft, depending on floor level, view orientation, and unit type. Canal-facing apartments command a meaningful premium — sometimes 10–15% above courtyard-facing equivalents. Our buyers should budget toward the higher end for anything above the 20th floor with unobstructed water views. Off-plan pricing in adjacent Peninsula Five by Select Group is currently competitive relative to the secondary market.
Who are the main developers active in Peninsula Four and the wider master plan?
Select Group is the master developer behind the entire Peninsula collection in Business Bay. They've delivered Phases One through Four and are actively selling Peninsula Five, which is currently in our catalogue. Select Group has a strong track record in Dubai — their earlier projects like Six Senses Residences and The Sterling have delivered on time and to a high finish standard, which gives our buyers reasonable confidence in the off-plan purchase.
What rental yields can I expect from a Peninsula Four apartment?
Gross rental yields in Peninsula Four typically land between 6% and 7.5% annually, with smaller units — studios and one-bedrooms — performing at the top of that range. The canal-front location and walkability to Downtown Dubai make it attractive to young professionals and short-term rental operators alike. We've seen furnished 1-bedrooms achieve AED 90,000–110,000 per year on annual contracts, which stacks up well against purchase prices in the current market.
What is the commute like from Peninsula Four to DIFC, Dubai Marina, and DXB Airport?
Peninsula Four is genuinely well-placed for commuters. DIFC is roughly 8–12 minutes by car in normal traffic — many of our buyers walk or cycle along the Canal promenade to the financial district. Dubai Marina runs about 20–25 minutes by car or Metro (Business Bay station is a 10-minute walk). DXB Airport is 15–20 minutes via Al Khail Road. It's one of the more central addresses in the city, which is a big part of its appeal.
What schools and everyday amenities are close to Peninsula Four?
For families, Hartland International School (Cambridge curriculum) is about 5 minutes away in Sobha Hartland, and Horizon English School in Al Quoz is within 10 minutes. Day-to-day, the Canal Walk has cafés, a Spinneys supermarket, and fitness studios. Dubai Mall is a 10-minute drive. In our experience, Peninsula Four suits couples and young professionals more than large families, though the school access is reasonable enough that we do place families here regularly.
How does Peninsula Five compare to buying a resale unit in Peninsula Four?
It's a trade-off our buyers ask us about constantly. Peninsula Five off-plan offers a lower entry price, a payment plan spread over construction, and the chance to pick preferred floors and views. Resale units in Peninsula Four are ready to rent immediately and carry no construction risk. If cash flow is the priority, resale wins. If you're comfortable with a 2–3 year horizon and want to maximise capital efficiency, Peninsula Five's payment structure is hard to beat at current launch pricing.
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