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Disruptive Real Estate

Emaar Properties · Business Bay

Peninsula Two

  • Apartments
Starting from
AED 385,250
Bedrooms
Studio–2 BR
Size
339–965 sqft
Payment plan
On request
Completion
96%
Available
On request
Handover
2024-09-01

About Peninsula Two

Peninsula Two in Business Bay

Peninsula Two is a 36-storey residential tower forming part of Peninsula, a waterfront master community developed by Select Group in Business Bay. The building comprises 3 basements, ground floor, 34 upper floors, a mechanical level and a roof, with 462 units in total across a single tower. Peninsula itself sits on a strip of land bordered by the Dubai Canal on three sides, positioning Peninsula Two among the off plan business bay developments closest to the water.

The project is one of several off plan projects business bay has seen built around the Peninsula master plan, which Select Group designed to give each building unobstructed sightlines toward Downtown Dubai and the Burj Khalifa. Peninsula Two's orientation was planned specifically to capture views over the Dubai Canal, the Downtown skyline and, on higher floors, the Arabian Gulf beyond the city.

Apartments For Sale In Business Bay

Peninsula Two offers apartments for sale in business bay across three configurations: studios, one-bedroom and two-bedroom layouts. Studios range from 339 to 452 sqft, one-bedroom apartments from 570 to 690 sqft, and two-bedroom units from 904 to 965 sqft. Unit types are distributed across repeating floor plates from level 3 through 35, with a distinct set of layouts (Types TL to TP) on the second floor adjacent to the gym.

Interiors carry porcelain tile flooring, gypsum board ceilings, marble thresholds and HPL wardrobes throughout. Kitchens are fitted with quartz countertops, stainless steel sinks, gas hobs (two burners in studios, four in one and two-bedroom units), gas ovens and integrated fridge/freezer units. Bathrooms use stone washbasins and chrome-plated fittings, and all units connect to an Empower district cooling system.

Business Bay Property Investment

As a business bay property investment, Peninsula Two benefits from direct road access via Sheikh Zayed Road, First Al Khail Street and Marasi Drive, and sits roughly 2 km, a 7-minute drive, from Business Bay Metro Station, Dubai Mall/Burj Khalifa and Dubai Opera. DIFC and Dubai Design District are each about 6 km away, roughly 11 to 12 minutes by car, while Dubai International Airport is around 15 km, a 16-minute drive.

The tower is part of a single-building project registered under RERA Reg. No. 2318, developed by Select Group, a Dubai-based developer active since 2002 with more than 7,000 homes delivered and a development pipeline that includes projects in Croatia, Germany and the UK alongside its UAE portfolio.

Amenities And The Community Mall

Peninsula Two includes a 2,066 sqft gym and a 205 sqm outdoor pool with a 1.2 m depth, along with a communal lobby, electric car charging ports and bike stands. The wider Peninsula community adds squash, tennis and basketball courts, a skate park, walking and cycling tracks, and Peninsula Promenade, an entertainment strip along the Dubai Canal with an outdoor cinema, events venue and art park.

Adjoining the tower is The Community Mall, a 66,000 sqft retail centre with 23 individual units covering supermarkets, fashion brands, personal care outlets, pharmacies and F&B tenants, giving residents retail access without leaving the development.

Key highlights

  • 36-storey tower with 462 units across studios, 1 and 2-bedroom layouts
  • Bordered by the Dubai Canal within the Peninsula master community
  • 2 km / 7 minutes to Dubai Mall, Burj Khalifa and Business Bay Metro
  • On-site 66,000 sqft Community Mall with 23 retail units
  • Developed by Select Group, active in Dubai real estate since 2002
  • Unit sizes from 339 sqft studios to 965 sqft two-bedroom apartments

Why this project

  • Waterfront tower on the Dubai Canal in Business Bay with direct Downtown and Burj Khalifa sightlines, plus an on-site 66,000 sqft retail mall.

Amenities

  • Fully equipped 2
  • 066 sqft gym
  • 205 sqm outdoor pool
  • communal lobby
  • electric car charging ports
  • bike stands
  • CCTV and fire alarm systems
  • audio intercom
  • squash courts

Location

Business Bay Connectivity

Business Bay is one of Dubai's most established mixed-use districts, sitting directly south of Downtown Dubai along the Dubai Canal. Peninsula Two is within walking distance of Business Bay Metro Station and is also served by bus routes and the Dubai water taxi, giving residents multiple ways to reach Downtown Dubai and the wider city without relying solely on the road network.

Beyond the metro link, the area's position off Sheikh Zayed Road and Al Khail Road puts DIFC, Dubai Design District and Meydan within a 10 to 12 minute drive, while Jumeirah Beach and La Mer are reachable in 15 to 18 minutes, making Business Bay a practical base for professionals working across the city's main commercial districts.

Nearby Business Districts

DIFC, roughly 6 km from Peninsula Two, hosts over 26,000 working professionals and is a core finance and hospitality hub. Dubai Design District (d3), also about 6 km away, employs over 10,000 people across design, art and fashion, while Dubai Healthcare City, around 11 km distant, is home to more than 4,000 healthcare professionals. Combined, these three districts and Business Bay itself account for over 40,000 professionals working within a short commute of the Business Bay community in dubai.

Project information

Developer
Emaar Properties
Location
Business Bay
Handover
2024-09-01
Total units
462
RERA Escrow
Emirates NBD Bank PJSC
DLD Project #
2318

DLD-verified today

Project intelligence

Live DLD data

Real Dubai Land Department transactions and rent contracts — not developer marketing.

Peninsula Two — handover progress

96%
LaunchNov 2021
Today0mo to handover
Handover2024-09-01

Resale at Peninsula Two

71 transactions · last 12 months

Avg / sqft
AED 2,586
Avg price
AED 1,651,184
Year-on-year
-0.2%
Range
AED 1,000,000AED 2,570,000
By unit size
  • StudioAED 2,784/sqft25 sales
  • 1 BRAED 2,543/sqft26 sales
  • 2 BRAED 2,514/sqft20 sales

Business Bay market

studio · 2,225 sales analyzed

High activity
Avg / sqft
AED 2,586
Sales last 6 mo
368
Year-on-year
-9.4%
Off-plan vs ready
29.9% pricier
AED 2,797 vs 2,154
14.9%

Indicative gross yield

At the starting price of AED 385,250, typical rent for a studio in Business Bay (AED 57,300/year, ~AED 4,800/month) implies a 14.9% gross yield.

Based on 500 DLD rent contracts in the last 12 months. Gross yield excludes service charges, vacancy and management fees.

Source: Dubai Land Department open data. Analytics are computed from registered transactions and rent contracts; figures are indicative and not a guarantee of future performance.

Bedrooms available at Peninsula Two

Frequently asked questions about Peninsula Two

Which area is Peninsula Two located in?

Peninsula Two is located in Business Bay, on the Peninsula waterfront master community bordered by the Dubai Canal on three sides, about 2 km from Downtown Dubai and the Burj Khalifa.

Who is the developer of Peninsula Two?

Peninsula Two is developed by Select Group, a Dubai-based developer operating since 2002 with over 7,000 homes delivered across the UAE, UK, Germany and Croatia.

Is Business Bay a good area in Dubai for property investment?

Business Bay sits directly beside Downtown Dubai with metro, water taxi and direct Sheikh Zayed Road access, and hosts nearby employment hubs like DIFC and Dubai Design District, supporting steady rental and resale demand.

What unit types and sizes are available at Peninsula Two?

Peninsula Two offers studios from 339 to 452 sqft, one-bedroom apartments from 570 to 690 sqft, and two-bedroom apartments from 904 to 965 sqft, spread across a 36-storey tower with 462 units.

What is the handover date for Peninsula Two?

The project's registered completion date is September 2024 (Q4 2024 per the developer brochure), and construction was recorded at 95.5% complete.

What amenities does Peninsula Two include?

Residents have access to a 2,066 sqft gym, a 205 sqm outdoor pool, EV charging, bike stands, and an attached 66,000 sqft Community Mall with 23 retail units, plus community-wide sports courts and a canal-front promenade.

What is Business Bay known for?

Business Bay is known as a canal-front business and residential district adjoining Downtown Dubai, combining office towers, hotels and residential buildings with direct metro and water taxi connections.

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