Peninsula Phase 2: Select Group's Canal-Front Address in Business Bay
Select Group has been developing in Dubai's apartment market for over a decade, and Peninsula Phase 2 sits within their Peninsula community in Business Bay. The project is residential apartments only, positioned within the Peninsula Two sub-area along Dubai Canal. Construction started in November 2021.
Why Business Bay Works for This Address
Business Bay is one of Dubai's most connected districts, and Peninsula Two puts residents directly on the canal frontage. The Dubai Mall and Burj Khalifa are a few minutes west by car. DIFC, Dubai's main financial district, sits roughly 10 minutes in the same direction. Dubai International Airport is accessible via Sheikh Zayed Road without navigating the highway tangle that adds time from outer districts.
The canal location adds a lifestyle layer: water views confirmed in the project data, and landmark sightlines from upper floors. For an owner-occupier, the address keeps the city's core within easy reach without the premium of a Downtown Dubai postcode.
What AED 993K to AED 2.02M Covers
The range spans just under AED 993,000 to AED 2,020,800, and the spread maps directly to bedroom count across three configurations.
Studios start at AED 992,977, across six layout types ranging from 339 to 452 sq ft. The sub-one-million entry point puts this project within reach for buyers seeking a Business Bay canal address at the lowest accessible price. These units target yield-focused investors or single professionals buying at the lowest entry the project offers.
One-bedroom apartments open at AED 1,419,600 and run from 576 to 688 sq ft across six layouts. The variety within the 1BR category gives buyers options on floor plate size without changing the bedroom count.
Two-bedroom units start at AED 2,020,800 with areas between 905 and 949 sq ft. At this level, the buyer profile shifts toward couples or small families who want the canal location and need more floor space to work with.
The price spread is a function of unit size, not premium floors or special view classifications within the data. A buyer optimizing for entry price takes a studio. A buyer optimizing for space takes a two-bedroom at roughly twice the cost.
Spa, Pool, Gym: An Amenity Count Above the Bracket
| Lifestyle | Fitness | Home Finish | Building |
|---|---|---|---|
| Restaurants | Gymnasium | Built-in Wardrobes | Security |
| Shared Pool | Shared Gym | Walk-in Closet | Concierge |
| Shared Spa | Central A/C | Covered Parking | |
| Barbecue Area | Kitchen Appliances | ||
| Children's Play Area | Balcony | ||
| Pets Allowed | |||
| Views: Water, Landmark |
Eighteen amenities is a strong count for this price range. Two fitness facilities (a gymnasium and a shared gym) likely reflect the development's scale. The shared spa is the amenity worth flagging. It appears less frequently in apartment projects at this price point, and it positions the building toward residents who treat home as a recovery environment, not just a place to sleep.
On-site restaurants reduce the daily friction that comes with apartment living, particularly for professionals working long hours or investors who rent the unit out. Pets are allowed, which eliminates a common dealbreaker for a segment of residents and strengthens rental appeal. The children's play area and barbecue area round out the community feel for families or buyers thinking about long-term liveability.
Expected Completion Was June 2025
The project's expected completion date was June 30, 2025. That date is now over a year in the past. Peninsula Phase 2 has likely reached handover stage, which changes the buyer's position relative to a mid-construction off-plan purchase. Buyers looking at this project today are likely looking at completed inventory rather than a standard off-plan timeline.
Getting In for 5%
| Phase | Percentage |
|---|---|
| Down payment | 5% |
| During construction | 25% |
| Handover | 70% |
The headline is a five percent down payment to secure the unit. That is a low initial commitment for an apartment in this location and configuration. The structure front-loads the developer's risk: buyers pay very little at signing, with 25% spread through construction and 70% concentrated at handover.
The 70% handover payment is the counterweight. Buyers who contracted off-plan needed that full balance ready at key collection. No post-handover installment plan was attached to this structure, so there is no payment extension beyond handover for buyers who went through the original off-plan process.