Peninsula Three
Peninsula Three Offered by Buy Dubai Off-Plan
Peninsula Three

Peninsula Three

by Select Group in Business Bay View on map Completed

Starting price
AED 766,750
Payment plan
50/50
Handover
Q1 2025

โ‰ˆ โ‚ฌ 184,000

This project was completed in Q1 2025. The price shown is the original launch price. Availability is through the resale market. Contact us to ask what is currently for sale.

Project details

Starting price AED 766,750 โ‰ˆ โ‚ฌ 184,000 What will my monthly payments be?
Payment plan 50/50 50% during construction, 50% at handover
Handover Q1 2025 Completed
Bedrooms Studio
Property type
Apartment
Floor area
38 to 99 mยฒ
Developer
Select Group
Location
Business Bay
Project brochure
Free, with no obligation

The Peninsula Three brochure

Download the brochure for Peninsula Three van Select Group in Business Bay for free with all the information about this project.

  • Floor plans by property type
  • Full price list
  • Payment plan
Download the brochure

About Peninsula Three

  • Prestigious 49-storey residential tower in the heart of Business Bay

  • Exceptional views of the Burj Khalifa, Downtown Dubai and the Dubai Canal

  • Modern apartments with high-quality finishes and expansive glass facades

  • Extensive amenities including swimming pools, a fitness centre and recreation zones

  • Favourable payment plan with only 50% due during the construction period

Peninsula Three at Business Bay (Dubai): Luxury homes by Select Group

Peninsula Three in Business Bay represents the pinnacle of urban living in Dubai. This impressive 49-storey residential complex, developed by the renowned Select Group, offers a distinguished combination of luxury, comfort and strategic location. The project is distinguished by its architectural elegance and careful integration into the cityscape of Business Bay, one of Dubaiโ€™s most dynamic districts. The apartments range from compact studios to more spacious two-bedroom units, all fitted with high-quality materials and modern amenities. What truly makes Peninsula Three special are the breathtaking vistas of the iconic Burj Khalifa, the vibrant Downtown Dubai and the scenic Dubai Canal. Completion is scheduled for the first quarter of 2025, making the project particularly interesting for investors seeking forward-thinking real estate opportunities. The developer has paid special attention to sustainability, including electric vehicle charging points and energy-efficient systems. The whole forms a harmonious blend of urban dynamism and tranquil waterfront living.

Home types and layouts at Peninsula Three Business Bay (Dubai)

Peninsula Three offers a diverse range of residential units that perfectly suit different lifestyles and needs. The apartments vary in size from 38.09 m2 to 98.57 m2, with future residents able to choose from studios, and one and two-bedroom apartments. All units feature large window sections that not only allow abundant natural light but also provide spectacular views of the surroundings. The interiors are designed with an eye for detail and quality, evident in the kitchens with quartz worktops and the bathrooms finished with porcelain tiles. The smart layout of the spaces ensures optimal use of every square metre, without compromising on comfort or functionality. For those seeking extra space, the two-bedroom apartments offer sufficient flexibility for families or professionals who desire a home office. The choice of various floor plans ensures that every buyer can find a unit that precisely fits their specific living desires and lifestyle.

About the developer Select Group and the Peninsula Three design

The 49-storey Peninsula Three is an architectural masterpiece being developed by Select Group, one of the leading real estate developers in Dubai. This renowned company is known for its attention to quality, innovation and sustainability, which is clearly reflected in this project. The tower is designed as a vertical community where residents can enjoy numerous shared amenities. In terms of recreation, the complex offers a fully equipped fitness centre, a lap pool for serious swimmers, a recreational pool for relaxation and specific zones for yoga and other movement activities. For families with children, there are special play areas and a childrenโ€™s pool. The developer has paid particular attention to the common areas, which are designed as meeting places where residents can get to know each other. The combination of high-quality materials, energy-efficient solutions and carefully designed living spaces makes Peninsula Three a future-proof investment in one of Dubaiโ€™s most sought-after districts.

Prime location in Business Bay (Dubai) near key Dubai destinations

The strategic location of Peninsula Three in Business Bay places residents in the heart of Dubaiโ€™s most dynamic district, with excellent connections to all major destinations in the city. The world-famous Burj Khalifa and the adjoining Dubai Mall are just a nine-minute drive away, while Dubai International Airport is reachable in approximately fourteen minutes. For nature lovers, the Ras Al Khor Wildlife Sanctuary is just six minutes away, a unique natural area in the middle of the city. The neighbourhood offers a perfect balance between business opportunities and recreational facilities, with numerous restaurants, cafรฉs and shops within easy reach. The nearby Dubai Canal adds a waterfront dimension to the living experience, with walking and cycling paths along the water. The location is ideal for those working in Dubaiโ€™s financial heart, but the area also offers everything needed for a comfortable city life for families and young professionals. Accessibility to major traffic arteries provides simple connections to other parts of the city, including Dubai Marina and Palm Jumeirah.

Flexible payment plan for Peninsula Three homes

The payment plan for Peninsula Three is specially designed to offer investors and future residents maximum flexibility. Only 50% of the purchase price is due during the construction phase, while the remaining 50% is only due upon final completion in the first quarter of 2025. These favourable payment terms make the project particularly accessible for both private buyers and investors. The starting price of AED 766,750 for a studio apartment represents an excellent value proposition in this sought-after neighbourhood. Our property advisors in Dubai offer full support with the purchasing process and all administrative formalities. The payment plan is transparently structured and divided across logical milestones in the construction process, providing additional assurance to buyers. Potential investors can contact us for a detailed explanation of the payment terms.

Amenities

Payment plan for Peninsula Three

50%50%
50%
During construction, in instalments
AED 383,375
โ‰ˆ โ‚ฌ 92,000
50%
After handover
AED 383,375
โ‰ˆ โ‚ฌ 92,000

Monthly payments and your own funds

How much do you need for Peninsula Three, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 1,940

โ‰ˆ โ‚ฌ 470 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 383,375โ‰ˆ โ‚ฌ 92,000
Your funds at handover
AED 0โ‰ˆ โ‚ฌ 0
Mortgage at handover
AED 383,375โ‰ˆ โ‚ฌ 92,000
Purchase costs4% DLD fee and mortgage costs
AED 36,332โ‰ˆ โ‚ฌ 8,700
Total funds required
AED 419,707โ‰ˆ โ‚ฌ 100,700
Request finance guidance for Peninsula Three
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Photos of Peninsula Three

Location

Business Bay, Dubai Burj Khalifa: 10 minutes (car) ยท Dragon Mart: 20 minutes (car)
Open in Google Maps

Travel times from Peninsula Three

  • Burj Khalifa: 10 minutes (car)
  • Dragon Mart: 20 minutes (car)
  • Dubai International Airport: 14 minutes (car)
  • Palm Jumeirah: 22 minutes (car)
  • Ras Al Khor Wildlife Sanctuary: 06 minutes (car)
  • The Dubai Mall: 09 minutes (car)

About Select Group

Select Group offers an extensive portfolio of off-plan real estate projects in Dubai, ranging from luxury apartments to modern residential towers. These projects are located in popular areas such as Downtown Dubai, Dubai Marina, and Business Bay, where demand for property is consistently high. An example is the recently announced project "The Sky Residence", with apartments starting from 75 m2 and prices from AED 1,200,000. Off-plan investing with Select Group means benefiting from early registration advantages, such as lower entry prices and flexible payment arrangements. On this page, you will find a complete overview of all current and future projects, including detailed specifications and location benefits.

Select Group has been active in the Dubai real estate market since 2003 and has developed over more than two decades into one of the most reliable developers in the region. The company has delivered iconic projects, such as "The Address Residence Sky View" and "Burj Vista", which are not only architectural masterpieces but also provide consistent returns for investors. With multiple awards, including the Arabian Property Award for Best High-Rise Development, Select Group has built a reputation for quality and innovation. Their long-term vision and focus on sustainability make them a favourite among both local and international investors.

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Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.