Select Group · Business Bay

Peninsula Dubai Residences - Tower 1

• Apartments
• Penthouses

Bedrooms

On request

Size

On request

Payment plan

On request

Completion

Pre-launch

Available

On request

Handover

2029-01-08

About Peninsula Dubai Residences - Tower 1

Architecture & Project Structure

Peninsula Dubai Residences Tower 1 is a concrete-framed residential tower within Select Group's broader Peninsula master development, a phased mixed-use scheme covering over 1 million square feet along the Dubai Canal in Business Bay. The DLD record describes the building as comprising a basement level, ground floor, a podium level, 20 residential floors, and a roof, delivering 32 apartments and one penthouse. A companion tower within the same project adds a further 44 apartments and one penthouse, bringing the combined registered unit count to 75 residential homes across both buildings. Internal and external finishes are specified to concrete-block construction standard.

The project was registered with the Dubai Land Department in March 2025 with a scheduled handover date of January 2029, placing it among Select Group's active delivery pipeline. Construction is at an early stage, consistent with the DLD's recorded completion figure of under 1 percent at time of registration.

The Peninsula Master Development

Tower 1 sits within the wider Peninsula master plan, a community-first waterfront district bounded by the Dubai Canal on three sides. The master development is designed around a pedestrian promenade with ground-floor cafes, restaurants, and retail, extending into landscaped parks, gardens, and canal-facing amenity zones. Communal sporting facilities include tennis, squash, and basketball courts alongside a dedicated skate park. Supermarkets, beauty salons, and F&B operators are integrated into the retail podium to allow residents to meet day-to-day needs within walking distance.

Select Group positions Peninsula as the first residential, community-focused master development in the Downtown Dubai district. The phased delivery model means residents benefit from an evolving public realm, with infrastructure and amenities expanding across successive phases of the scheme.

Developer Track Record

Select Group was established in 2002 and operates across the GCC and Europe with a workforce exceeding 750 employees. Its completed portfolio spans residential, commercial, hospitality, retail, and mixed-use assets totalling 20 million square feet of property with a combined gross development value above AED 17 billion. To date, the group has delivered 7,000 homes representing 13.5 million square feet of built-up area with a GDV of AED 11.5 billion. A further 3,750 homes across 6.5 million square feet remain under active development.

Hospitality partnerships include InterContinental, Radisson Blu, Jumeirah Group, Ibis Hotels, Melia Hotels, and Novum Hospitality. Completed residential landmarks in Dubai Marina include Marina Gate I and II, Studio One, Bay Central, and Jumeirah Living Marina Gate, giving the group a demonstrable track record of delivering large-scale tower projects in Dubai's premium waterfront corridors.

Investment Case

Business Bay has strengthened its position as one of Dubai's most active residential and commercial submarkets, drawing demand from DIFC professionals, Downtown occupiers, and investors seeking canal-front exposure without Palm Jumeirah price premiums. Tower 1's location within a larger master community adds long-term value drivers that standalone towers typically lack, including managed public realm, diversified retail, and phased infrastructure upgrades. Buyers of qualifying properties in Dubai may also explore eligibility for the UAE Golden Visa, subject to the standard investment threshold requirements. For buyers new to the Dubai market, the guide to buying property in Dubai covers the off-plan purchase process, escrow protections, and DLD registration procedures in detail.

Key highlights

• 75 total units across 2 towers; Tower 1 delivers 32 apartments and 1 penthouse
• Bounded by Dubai Canal on 3 sides within Select Group's 1M sq ft master scheme
• 2.5 km to Dubai Mall and Burj Khalifa; 2.2 km to Business Bay Metro Station
• Communal facilities include tennis, squash, basketball courts and a skate park
• Select Group portfolio: AED 17B+ GDV, 7,000 homes delivered since 2002
• DLD-registered handover date: January 2029; escrow held at Emirates NBD

Why this project

• Canal-facing tower in Select Group's 1M sq ft Peninsula master community, Business Bay, handover January 2029.

Amenities

• •Waterfront promenade
• •canal-facing parks and gardens
• •tennis courts
• •squash courts
• •basketball courts
• •skate park
• •retail podium
• •supermarket
• •beauty salons

Location

Connectivity & Access

Peninsula Dubai Residences Tower 1 sits in Business Bay, directly accessible from Sheikh Zayed Road, First Al Khail Street, and Marasi Drive. Business Bay Metro Station is 2.2 km away, a 7-minute drive, and the canal-front location is also served by RTA Marine water taxi stops. Dubai Mall and Burj Khalifa are 2.5 km away, Dubai Opera is 1.9 km, and Dubai International Airport is 15.3 km, approximately 16 minutes by car.

Nearby Landmarks & Districts

DIFC, a financial hub of over 26,000 professionals, is 6 km away. Dubai Design District is 6.7 km and reachable in 11 minutes. Meydan is 10.3 km, Dubai Healthcare City is 11 km, and Ras Al Khor Wildlife Sanctuary is 8.9 km from the development. CCity Walk's pedestrianized retail and dining strip is also within a short drive, rounding out a dense network of commercial, cultural, and lifestyle destinations within a 15-minute radius. Nearby areas in Dubai include Downtown Dubai, Business Bay, Jumeirah, Al Wasl, DIFC, and Dubai International Financial Centre, offering residents convenient access to premium shopping, dining, business, and entertainment hubs.