1BR Apartment in Peninsula Two, Business Bay

This ready 1-bedroom apartment at Peninsula Two by Select Group offers 633 sq ft in the Peninsula community of Business Bay, priced from AED 1,550,000 (about AED 2,449 per sq ft).

Peninsula Two is a 36-storey Select Group tower in the Peninsula waterfront community of Business Bay, with studios, 1 and 2-bedroom apartments; sales opened in November 2021 and construction was about 95% complete by August 2025. The Dubai Land Department lists it as project 2318 (Select Global Development L.L.C), registered in November 2021 with 462 units: 439 homes (189 studios, 157 one-bedroom and 93 two-bedroom) and 23 commercial units, completed on 1 September 2024. Residents have an outdoor pool, a gym, tennis, basketball and squash courts, a skate park, walking, cycling and running tracks, landscaped parks, EV chargers and 24-hour security.

Burj Khalifa and Dubai Mall are about 6 minutes away by car, Jumeirah Beach about 7 minutes, Mall of the Emirates about 9 minutes and Dubai International Airport about 11 minutes.

The 1-bedroom layout suits professionals and investors who want a nearly complete Business Bay unit at an accessible price.

How does the price compare with Business Bay? Registered sales in Business Bay had a median of AED 2,431 per sq ft from 1 January to 1 October 2026 (Dubai Land Department, 4,754 sales). At about AED 2,449 per sq ft, this unit is in line with that median.

What rental yield can investors expect in Business Bay? The median annual rent was AED 95,000, a gross yield of about 4.6% over the same period (Dubai Land Department, 17,685 Ejari contracts in Business Bay). Actual returns depend on the unit, floor and current market conditions.

Is Peninsula Two ready to move in? Yes. The Dubai Land Department lists the project as finished, with completion on 1 September 2024. Contact Platinum Square for current availability and viewings.