Photos and renders of the building and grounds — not of this particular unit.
Peninsula Two
Studio
About the building
36-storey residential building in Peninsula. Developer — Select Group.
Where it is
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.
- central location at a discount
- short-let on the canal
- deep tenant demand
What to check: Quality varies enormously between towers here. Walk the building on a normal weekday and get three years of service charge history before you offer — in Business Bay the building matters far more than the district average.
Full district guide →Questions and answers about lot NP9-108355
How much is this studio in Peninsula Two?
Lot NP9-108355 is priced at AED 1 260 000, about $343 000. The size is 407 sq ft (38 m²), which works out at AED 3 096 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
How does this price compare with other lots in Peninsula Two?
The database holds 10 lots in Peninsula Two right now, from AED 1 200 000 to AED 2 970 000. 3 of them are studios: by price this lot ranks 2 of 3, cheapest first. At AED 3 096 per sq ft this lot is level with the median for the other lots in the project (AED 3 114).
Is this expensive or cheap for Business Bay?
The database holds 359 lots in Business Bay. The area median is AED 2 872 per sq ft; this lot, at AED 3 096, is 8% above it. 105 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Business Bay area guide →Is the property ready or still under construction?
According to the listing, the property is ready.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 20%, here AED 252 000; a loan of AED 1 008 000 over 25 years at 3.75–4.99% a year comes to roughly AED 5 200–5 900 a month. A non-resident puts down from 40% (AED 504 000) and pays about AED 3 900–4 400 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 50 400 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 740 000 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Peninsula Two?
The building has 36 floors and 439 units. The developer is Select Group. Figures are from the project passport: Propsearch and the Dubai Land Department.
Peninsula Two project page →How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP9-108355 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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