Photos and renders of the building and grounds — not of this particular unit.
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Developer prices
These are the starting prices as of the date shown, not today's list: off-plan
they are revised several times a year, and more often upwards than down.
1 bedroom — 1 lot
from AED 1 550 000 633 sqftas of 20 July 2026
Developer
Select Group
Figures come from the developer's own materials sent to brokers, dated 20 July 2026. The commentary behind them is written up in the Russian
version of this page.
About the building
36-storey residential building in Peninsula. Developer — Select Group.
About the project
Peninsula Two is a 36-storey residential building in Peninsula, currently under construction.
The developer is Select Group.
The building holds 439 apartments in total.
The database currently holds 8 lots in this project, from 1 200 000 AED.
The second phase of the Peninsula quarter in Business Bay, where the Dubai Water Canal wraps three sides of the site and Dubai Mall sits two kilometres away.
What is stated
Peninsula Two is a building within the wider Peninsula masterplan, which the canal borders on three sides. According to the developer's own materials, the layout is designed so every building gets an unobstructed view.
Distance table from the brochure: Dubai Mall and Burj Khalifa — 2 km, 7 minutes. Business Bay metro station — 2 km, 7 minutes. Dubai Opera — 2 km, 7 minutes. Dubai Design District — 6 km, 11 minutes. Meydan — 10 km, 12 minutes. DIFC — 6 km, 12 minutes. Dubai Healthcare City — 11 km, 14 minutes. Ras Al Khor sanctuary and Jumeirah Beach — 9 km each, 15 minutes.
The same folder holds unit-specific floor plans marked "standard" or "large balcony" — meaning the same apartment number can carry a different balcony size depending on the stack, and that needs checking against the specific plan rather than assumed from the unit type.
What to check before relying on this
The brochure is dated November 2021: anything in it about timelines and availability is now stale by definition. There are no prices in it at all.
Peninsula's phases hand over years apart from each other — check what is currently under construction directly opposite the specific building before assuming the view described on paper still holds.
Height and build stage
Peninsula Two is a 36-storey tower. By March 2024 it was already at an advanced stage of construction, with units marketed as near-ready for moving in or letting.
Some apartments face Burj Khalifa — check the orientation of the specific unit rather than relying on the building name.
Masterplan layout, distance table, and the existence of unit-specific floor plans — Peninsula Two developer brochure (November 2021) and accompanying documents in the same folder. Storey count and construction stage — near-ready project round-up, March 2024.
Registered sales in the building
In 2025 the Dubai Land Department registered 118 sales in Peninsula Two, at a median price of AED 1 500 000 (AED 2 621 per sq ft). Another 43 have been registered since the start of 2026.
Sales by year — Dubai Land Department register
Year
Sales
Median price
AED/sqft
Total value
2025
118
AED 1 500 000
2 621
AED 182.2m
2026, to 12 November
43
AED 1 630 000
2 567
AED 70.1m
Registered sales of all property types; 2026 is a partial year. Medians, not averages; with fewer than 5 sales no price is quoted. Off-plan share of sales over the last 12 months: 46%.
Rents across the Business Bay community — not this building alone
Type
Annual rent
Contracts
Gross yield
Studios
AED 65 000
4 213
6.4%
1-bedroom
AED 85 000
6 962
5.9%
2-bedroom
AED 129 235
3 126
5.7%
3-bedroom
AED 189 999
743
5.7%
4-bedroom
AED 300 000
84
5.6%
Median Ejari contract (November 2025 — October 2026) across the whole community rather than this building: rents are not published building by building. Gross yield — before service charges, vacancy and fees.
Price per sq ft by month
Between November 2024 and October 2026 the median price per sq ft moved from AED 2 566 to AED 2 504 (−2.4%).
Monthly median of registered sales, ready and off-plan together; months with fewer than five sales are left out.
Latest registered sales
Date
Unit
Status
Size, sq ft
Price
AED/sqft
22/10/2026
Apartment, 2-bedroom
ready
943
AED 2 250 000
2 385
19/10/2026
Apartment, studio
ready
390
AED 1 180 000
3 028
16/10/2026
Apartment, studio
ready
390
AED 1 000 000
2 567
08/10/2026
Apartment, studio
ready
408
AED 1 022 700
2 504
06/10/2026
Apartment, 1-bedroom
ready
630
AED 1 650 000
2 620
05/10/2026
Apartment, 2-bedroom
ready
960
AED 2 300 000
2 395
01/10/2026
Apartment, 1-bedroom
ready
671
AED 1 515 000
2 256
29/09/2026
Apartment, 1-bedroom
ready
671
AED 1 720 000
2 562
25/09/2026
Apartment, 1-bedroom
ready
570
AED 1 500 000
2 632
24/09/2026
Apartment, 1-bedroom
ready
630
AED 1 695 000
2 691
17/09/2026
Apartment, 2-bedroom
ready
943
AED 2 225 000
2 359
16/09/2026
Apartment, studio
ready
409
AED 1 100 000
2 692
Buyer, seller and unit number are not part of the Land Department open data.
Source: Dubai Data (calculated from Dubai Land Department open data), data to 12 November 2026.
Clients whose deal in this project has already closed.
Anna Korolyov · Peninsula Two
“At first we were going to take a mortgage on a flat in Moscow, but Oleg changed our minds when he converted both the price and the rent into dollars. The conflict with Iran landed right on our deal and unsettled us badly, but I now see we were right not to cancel: against that backdrop we got a further discount from the seller. Say what you like, earning in dollars is more comfortable. In Russia we were offered 23%; here we took almost 4%. And the main thing is that the flat pays for itself. I think I will leave it to my son.”
Frequently asked about Peninsula Two
Who is the developer of Peninsula Two?
Select Group.
How many floors does Peninsula Two have?
36. The building has 439 apartments.
When is Peninsula Two handed over?
Peninsula Two is still being built. The handover date of a given unit I verify against its contract before the deal.
Where is Peninsula Two?
Business Bay. The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.
How much does an apartment in Peninsula Two cost?
The database currently holds 8 lots in this project, from 1 200 000 AED. The list changes daily — I will send a fresh selection for the building on request.
Nakheel awarded AED 3.5bn of contracts for 544 Palm Jebel Ali villas due in Q4 2028; Dubai Retail is building The Yard, the island's first retail hub with 26 concepts, for 2027; and Select Group became the first private developer on the island. How a stalled project is turning into a district.
A developer built around Dubai Marina and the harbour districts. Why the water is the whole thesis, what a waterfront service charge looks like, and where the resale market for these units sits.
Select Group has opened private sales for a 36-storey tower in the d3 design quarter, with views of Downtown, Burj Khalifa, the canal and Sheikh Zayed Road. Prices from AED 2.3m for a one-bedroom, 50/50 payment plan.
In Jumeirah 2, H&H is building Peninsula Dubai: a waterfront district with a marina, a 195-key Rosewood hotel, 63 Rosewood residences and five villas by Hopkins Architects, and residential buildings by RSHP. Rosewood opens in 2029; the RSHP residences target early 2029.
