Peninsula Five in Business Bay - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Peninsula Five

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	49	30,223	1,485,000
1	73	25,534	1,866,458
2	124	33,421	4,129,005
3	168	23,231	3,900,000

Rents in Peninsula Five

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	49	2,010	97,500
1	79	1,899	150,000
2	121	2,314	280,000

The cap rate (rental yield) of investments into Peninsula Five project is 7.7% on average.

The price of an apartment in Peninsula Five is 27,508 AED/sqm on average.

The long term rent of an apartment in Peninsula Five is 2,104 AED/sqm/year on average.

Price for completed Studio apartment in Peninsula Five is 1,485,000 AED or 30,223 AED/sqm.
Price for completed 1 bedroom apartment in Peninsula Five is 1,866,458 AED or 25,534 AED/sqm.
Price for completed 2 bedroom apartment in Peninsula Five is 4,129,005 AED or 33,421 AED/sqm.
Price for completed 3 bedroom apartment in Peninsula Five is 3,900,000 AED or 23,231 AED/sqm.

Rent for Studio apartment in Peninsula Five is 97,500 AED or 2,010 AED/sqm.
Rent for 1 bedroom apartment in Peninsula Five is 150,000 AED or 1,899 AED/sqm.
Rent for 2 bedroom apartment in Peninsula Five is 280,000 AED or 2,314 AED/sqm.

About Peninsula Five

'Peninsula Five' in 'Business Bay' area project description

Peninsula Five, a Waterfront residential community, is strategically located in the Business Bay area of Dubai, celebrated for blending luxury with an urban lifestyle. Nestled along the Dubai Canal, Peninsula Five offers scenic views of the canal, Dubai skyline, and Burj Khalifa, beautifully showcasing the city's mix of natural and architectural splendor.

Comprised of two main components, The Signature Collection and The Tower, Peninsula Five caters to diverse tastes and needs. The Signature Collection features a range of exclusive, luxury apartments designed to provide spacious living areas, high-end finishes, and extensive amenities. These apartments boast open-plan living spaces, meticulously crafted interiors, and floor-to-ceiling windows that flood the units with natural light, creating a seamless integration of indoor and outdoor experiences.

The Tower component, on the other hand, offers a higher-density living option, yet doesn't compromise on luxury or comfort. The units are designed with modernity in mind, featuring sleek, contemporary finishes, smart home systems, and efficient use of space. Residents enjoy an array of amenities including state-of-the-art fitness centers, swimming pools, children’s play areas, and lush landscaped gardens, promoting a balanced and active lifestyle.

Peninsula Five’s prime location in Business Bay means residents have unparalleled access to a multitude of dining, retail, and entertainment options. It's just minutes away from the Dubai Mall, one of the largest shopping and entertainment destinations in the world, and is close to Sheikh Zayed Road, Dubai’s key arterial highway, ensuring convenient connectivity to other parts of the city. Additionally, Business Bay is home to numerous corporate headquarters, making Peninsula Five an ideal residence for professionals working in the area.

The development emphasizes sustainability and community, incorporating green spaces and promoting a pedestrian-friendly environment. The waterfront boardwalk, dotted with boutiques, cafes, and recreational facilities, fosters a sense of community and encourages outdoor activities, enhancing the overall living experience.

Peninsula Five is developed by Select Group, known for their high-quality residential and commercial developments in prime locations across Dubai. Their reputation for delivering projects that combine luxury with practicality is evident in Peninsula Five, making it a sought-after address in Business Bay.

Overall, Peninsula Five’s blend of luxurious living spaces, extensive amenities, prime location, and community-focused design make it a standout development in the heart of Dubai’s bustling Business Bay area, promising residents a lifestyle of comfort, convenience, and sophistication.

Q&A on Peninsula Five

What are the advantages of 'Peninsula Five' project in Dubai for property buyers? What are the disadvantages?

Advantages of 'Peninsula Five' Project in Business Bay:

1. Prime Location: Situated in Business Bay, one of Dubai's most sought-after business districts, offering easy access to Downtown Dubai, DIFC, and major highways.
2. Waterfront Living: The project provides stunning views of the Dubai Canal and the city skyline, making it highly attractive for residents seeking a premium lifestyle.
3. Integrated Community: Peninsula Five is part of a larger master-planned community offering residential, commercial, and recreational facilities, providing a well-rounded living experience.
4. High-Quality Construction: Developed by a reputable developer, ensuring high standards of construction and finishing.
5. Amenities: World-class amenities such as swimming pools, gyms, parks, and community spaces enhance the living experience.
6. Appreciation Potential: Business Bay is continuously developing, which might lead to significant property appreciation over time.
7. Investment Potential: High rental yields due to the demand for premium properties in Business Bay, making it a lucrative investment.
8. Modern Design: Contemporary architectural style and smart home features that cater to modern lifestyle needs.

Disadvantages of 'Peninsula Five' Project in Business Bay:

1. High Cost: Premium location and high-quality construction come with a higher price tag, making it less accessible for budget-sensitive buyers.
2. Construction Noise: Ongoing development in Business Bay may lead to temporary disturbances due to construction activities.
3. Traffic Congestion: Business Bay is a bustling area, which can result in traffic jams, particularly during peak hours.
4. Density: High population density in Business Bay can lead to overcrowded public spaces and facilities.
5. Service Charges: Premium properties often come with higher maintenance and service charges, which need to be considered when budgeting for long-term ownership.
6. Market Volatility: Real estate market fluctuations can impact property values, especially in high-demand, premium areas like Business Bay.
7. Limited Green Spaces: Despite being a modern, urban area, Business Bay might have limited natural greenery compared to suburban communities.
8. Less Community Feel: As a predominantly commercial and high-rise residential area, Business Bay may lack the close-knit community feel found in more suburban neighborhoods.

What projects are better than 'Peninsula Five' project in Dubai which are located close by, and why?

One project you may consider is the 'The Opus' by Omniyat. Designed by renowned architect Zaha Hadid, this mixed-use development features a unique design with a void in the center of the building. The Opus offers luxury residences, office spaces, and a hotel, making it a multifaceted investment opportunity.

- Design and Architecture: The Opus boasts an iconic, futuristic design that stands out even among the high-rises of Business Bay.
- Amenities: High-end amenities including a luxurious pool, state-of-the-art gym, and various high-end dining options.
- Proximity to Downtown: Located close to Downtown Dubai, offering easy access to Dubai Mall and Burj Khalifa.

Another strong candidate is 'The Atria' by Deyaar.

- Mixed-Use Development: Combines hotel apartments and residential units, providing flexibility for both short-term stays and long-term living.
- Lifestyle Amenities: Offers a rooftop infinity pool, fitness center, and residences with views of the Burj Khalifa and Business Bay canal.
- Developer Reputation: Deyaar is well-regarded for delivering quality projects in Dubai's real estate market.

'Paramount Tower Hotel & Residences' by Damac is also an excellent option.

- Branded Residences: Collaboration with Paramount Pictures gives this project a unique Hollywood-themed living experience.
- Luxurious Amenities: Features a rooftop infinity pool, wellness centers, and a luxury spa.
- Prime Location: Situated close to the Dubai Mall, providing additional attractions and conveniences within a short drive or walk.

'Executive Towers' is a well-established residential complex that offers the following:

- Community Feel: Consists of several towers that create a self-sustained residential community within Business Bay.
- Facilities: Includes its own shopping mall, medical facilities, and numerous dining options.
- Connectivity: Offers direct access to Dubai Metro and Sheikh Zayed Road, enhancing connectivity with greater Dubai.

What are the closest schools to 'Peninsula Five' project in Dubai?

- Jumeirah English Speaking School (JESS)
- Location: Al Safa, Dubai
- GEMS Wellington Primary School
- Location: Sheikh Zayed Road, Dubai
- Hartland International School
- Location: Sobha Hartland, Mohammed Bin Rashid Al Maktoum City, Dubai
- Dubai International School
- Location: Al Quoz 1, Dubai
- Clarion School
- Location: Al Quoz 1, Dubai

What are the closest medical clinics to 'Peninsula Five' project in Dubai?

- Medcare Medical Centre, Downtown
Location: 1504, 1505 Burjuman Business Tower, Sheikh Khalifa Bin Zayed St - Dubai
Approx. 10 minutes drive from Peninsula Five

- Drs. Nicolas & Asp Dental and Medical Centre, Souk Al Manzil
Location: Souk Al Manzil, Downtown Dubai
Approx. 8 minutes drive from Peninsula Five

- Valiant Clinic and Hospital
Location: City Walk, Al Wasl, Dubai
Approx. 15 minutes drive from Peninsula Five

- Mediclinic Dubai Mall
Location: The Dubai Mall, Downtown Dubai
Approx. 12 minutes drive from Peninsula Five

- Emirates Hospital Clinics, Business Bay
Location: Bay Avenue, Executive Towers, Business Bay, Dubai
Approx. 7 minutes drive from Peninsula Five