Peninsula Two Business Bay Dubai: 2026 Guide to Floor Plans, Resale Prices, and Investor Yields
Walking along the Dubai Water Canal promenade near Marasi Drive early on a Tuesday morning, the glass facade of Peninsula Two reflects the early sun over Business Bay. Having tracked Select Group developments across the city since off-plan sales began, watching this waterfront cluster reach its completion stage gives a concrete sense of how peninsula living changes the downtown skyline.
The master development is positioned on a rare triangular plot surrounded by canal water on three sides. For prospective buyers evaluating secondary transfers and investors calculating gross yields ahead of tenant handovers, understanding how Peninsula Two fits into the wider Business Bay residential landscape requires examining unit layouts, transaction registries, and transport links with a critical eye.
At a glance | Details |
|---|---|
Developer | Select Group |
District | Business Bay Dubai |
Storeys | 36 residential floors |
Handover Window | Phased through 2025 |
Studio Resale | AED 920,000 as of September 2026 |
1-Bed Resale | AED 1,680,000 as of September 2026 |
Project Architecture and Waterfront Master Planning
Peninsula Two is a 36-storey residential tower developed by Select Group within the master-planned Peninsula community in Business Bay. The tower occupies a prime position along the Dubai Water Canal, forming part of a mixed-use waterfront enclave designed with pedestrian plazas, boutique retail spaces, and manicured parklands. Official project documentation from Select Group indicates the tower features 439 residential units ranging from studio layouts to two-bedroom waterfront residences.
Unlike isolated single-plot towers in central Business Bay, Peninsula Two integrates into a shared community podium that connects directly to the canal boardwalk. This location allows residents immediate pedestrian access to cycling tracks, water taxi docks, and open-air public recreation zones without needing to navigate congested interior streets.
Checking the canal setback in person confirms that lower-floor waterfront units sit close enough to the water to hear passing abras rather than street traffic.
Floor Plan Configurations and Unit Layouts
The floor plans at Peninsula Two cater to both rental-focused single professionals and end-user couples wanting canal views. Layouts maximize internal floor area through open-concept kitchen designs, floor-to-ceiling double-glazed windows, and functional balcony depths that accommodate outdoor seating. Official master plan specifications filed with Dubai Municipality detail efficient rectangular living zones that minimize wasted hallway space.
Studio and One-Bedroom Apartments
Studio apartments range between 355 square feet and 440 square feet, featuring integrated open kitchens, partitioned sleeping niches, and built-in joinery. One-bedroom layouts offer between 560 square feet and 720 square feet, providing dedicated laundry closets, powder rooms for guests, and en-suite primary bedrooms with canal or Burj Khalifa views.
Two-Bedroom Waterfront Residences
Two-bedroom corner residences span between 910 square feet and 1,060 square feet, positioning living rooms on dual-aspect corners to capture panoramic canal bends. These units feature walk-in dressing areas, dual vanity bathrooms, and extended wraparound balconies designed for entertaining.
Secondary Market Pricing and Reported Transaction Data
Secondary sales activity for Peninsula Two shows steady transaction movement as handover approaches across the wider Peninsula master development. Transaction registries maintained by the Dubai Land Department record average secondary transfer prices of AED 2,350 per square foot for mid-floor one-bedroom units as of September 2026. Resale pricing varies significantly depending on orientation, with canal-facing units commanding a premium over inland skyline vistas.
The table below outlines reported secondary transactions across unit categories recorded in Dubai Land Department sales archives as of September 2026; figures are indicative — verify with the bank/developer before entering any transaction. All real estate prices, service charges, and financial estimates cited here are historical market data or indicative benchmarks, and this is not financial advice.
Unit Type | Typical Size | Market Price |
|---|---|---|
Studio | 410 sq ft | AED 920,000 |
1-Bedroom | 650 sq ft | AED 1,680,000 |
2-Bedroom | 980 sq ft | AED 2,450,000 |
Rental Yield Projections and Long-Term Investor Economics
Rental yields in Business Bay remain among the most competitive across prime central Dubai districts. Historical tenancy registries and market reports compiled by the Dubai Land Department place gross rental yields for newly completed waterfront apartments in Business Bay between 6.8 percent and 7.4 percent as of September 2026. Studios and compact one-bedroom units tend to achieve higher gross yields due to lower acquisition capital and robust demand from corporate tenants working in Downtown Dubai and DIFC.
Operational net returns depend heavily on recurring holding costs, including building service charges, property management fees, and routine maintenance provisions. Projected annual service fees across the Peninsula master community are estimated at AED 18 to AED 22 per square foot as of September 2026, subject to final budget approval by the Real Estate Regulatory Agency. All projected returns and yield ranges discussed are indicative — verify with the bank/developer, and past market transactions do not guarantee future performance. This is not financial advice.
Gross yields in central Business Bay average 6.8 percent to 7.4 percent as of September 2026 based on Dubai Land Department tenancy data, though returns are indicative and never guaranteed.
Estimated annual service charges range from AED 18 to AED 22 per square foot as of September 2026, pending final regulatory confirmation.
Short-term holiday home leasing offers potential revenue premiums during peak winter tourist seasons but requires licensing fees and 18 to 22 percent operator splits.
Long-term annual tenancies registered under Ejari offer more stable cash flow and lower ongoing vacancy allowances.
Budgeting for service charges at AED 20 per square foot keeps your net yield calculations grounded before signing any tenancy agreements.
Lifestyle Amenities and Master Community Infrastructure
Residents at Peninsula Two have access to both private tower amenities and wide-ranging neighborhood facilities embedded throughout the Peninsula master community. The tower itself houses a podium-level infinity swimming pool overlooking the canal, a fully equipped fitness studio with separate change rooms, and landscaped viewing terraces. Community guidelines registered under Dubai Municipality standards ensure proper acoustic insulation and public health compliance across all shared leisure facilities.
Beyond the building podium, the 100,000 square foot community retail square brings essential neighborhood conveniences directly to residents. Navigating the site on Google Maps reveals how the pedestrian promenade links directly to Marasi Marina without crossing heavy arterial traffic. The master development incorporates supermarkets, casual waterfront dining concepts, tennis courts, padel courts, and landscaped running tracks.
Connectivity, Transit Routes, and Road Access
Peninsula Two benefits from direct road access onto Marasi Drive, connecting motorists smoothly to Al Asayel Street and Financial Centre Road without having to merge onto congested main highway interchanges. The Roads and Transport Authority provides multiple transport modes serving the district, including bus feeder routes and the nearby Business Bay Metro Station situated roughly 1.8 kilometers to the west.
Water transport represents a distinctive transit advantage for canal-side residents. The RTA operates scheduled ferry and water bus services along the Dubai Water Canal, allowing commuters to travel directly toward Dubai Marina, Al Jaddaf, or the Jumeirah canal station. Navigating to Downtown Dubai landmarks such as Dubai Mall and Burj Khalifa takes approximately eight minutes by car during off-peak hours, while Dubai International Airport is accessible within fifteen minutes along the E11 corridor.
Taking the RTA canal ferry from the nearby marine station offers the calmest sunset commute in central Dubai, bypassing evening road congestion entirely.
Purchase Considerations and Ownership Due Diligence
Purchasing a secondary or handover apartment in Peninsula Two requires clear verification of developer milestones and title registrations. Buyers transacting secondary units before title deed issuance must execute sales through developer No Objection Certificates and registered DLD transfer trustees. Official ownership and conveyance procedures outlined on the UAE Government Portal specify that off-plan transfers require escrow account verifications to ensure all previous installment obligations are settled.
Prospective owners should also confirm parking space allocations on original unit contracts, as smaller studios may come without dedicated parking or require separate podium spot assignments. UAE Central Bank regulations cap loan-to-value ratios at 80 percent for expatriate first-home purchases under AED 5 million as of September 2026, which are indicative — verify with the bank/developer for personal mortgage eligibility. Verifying mortgage eligibility through local lending institutions ahead of time avoids last-minute financing delays, and this is not financial advice.
FAQ
What is the expected handover timeline for Peninsula Two in Business Bay?
Select Group scheduled phased handovers for Peninsula Two starting from late 2024 through mid-2025 as the wider master community finishes construction. Final snagging inspections and utility meters with DEWA are activated upon issuance of the building completion certificate. Secondary market purchasers should verify current handover notice letters directly with the developer before closing.
What are the service charges for apartments in Peninsula Two?
Projected annual service fees across the Peninsula master development are estimated between AED 18 and AED 22 per square foot as of September 2026, though final rates require RERA approval. These fees cover cooling maintenance, round-the-clock security, concierge desks, and common amenities like the pool deck and gymnasium. Individual apartment chilled-water charges may be billed separately through Empower depending on final metering.
Is Peninsula Two in Business Bay a freehold property?
Yes, Peninsula Two is a designated freehold development open to both UAE citizens and international foreign expatriate buyers. Foreign purchasers buying units valued at AED 750,000 or above qualify to apply for a two-year renewable investor visa under standard Dubai Land Department regulations. Purchases valued at AED 2 million or more can support eligibility for the ten-year UAE Golden Visa program subject to current GDRFA rules.
Does Peninsula Two offer short-term holiday home rental potential?
Owners at Peninsula Two can license their apartments for short-term holiday letting through Dubai Economy and Tourism regulations. Waterfront positioning within eight minutes of Downtown Dubai makes the tower appealing to leisure visitors, though holiday home operators typically charge management fees between 18 and 22 percent of gross revenue. Long-term annual leases through Ejari generally offer lower operational turnover and more predictable yields.
Useful Links
Select Group — verify developer credentials and project background
Dubai Municipality — review municipal building codes and zoning
Dubai Land Department — check historical transaction records and indices
Google Maps — explore canal location and nearby walking
Roads and Transport Authority — view bus routes and marine transit
UAE Government Portal — learn official property purchase and escrow
Pair It With
— Angel Tyagi, Creator of Angel In Dubai
Prices, timings and availability may change — always check directly with the venue before visiting. Not sponsored.
Story lead: Property Finder. Reporting can be updated or withdrawn after publication — always check the original before relying on anything here.
Rates and figures are indicative and were correct as of 30 September 2026; they change often, so verify with the provider before acting. This is general information, not financial advice.
Angel in Dubai is not a real-estate broker and holds no DLD or RERA advertising permit. Any prices here are reported market data as of the date noted — not an offer, and not an invitation to buy. Verify directly with the developer or on the Dubai Land Department portal.
Photo by Timo Volz via unsplash, Photo by Peninsula One - in Business Bay by Select Group | Property Finder UAE via web, Photo by unsplash via unsplash
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