Peninsula Five

Key Facts

Peninsula Five is a new residential project located in Business Bay. The residential project is being built by the developer Select Group and is planned to be finished in the first quarter of 2024.

The new building features 37 floors and is one of the nine residential towers that form the community of Peninsula. The number of bedrooms in the apartments of the new residential project ranges from one to three. The prices are estimated as follows:

➤ A 48-square-metre studio costs AED 942,700 ($256,500).

➤ A 1-bedroom apartment with a total size of 81 square metres costs AED 1.58 million ($432,500).

➤ A 2-bedroom apartment with a total size of 125 square metres costs AED 2.35 million ($640,000).

➤ A 3-bedroom apartment with an area of 165 square metres and a total of 3 bathrooms costs AED 999,999 ($1 million).

To view the floor plans of the apartments and see the real-time prices, simply call the phone number listed on the website or fill out the contact form and our specialists will get in touch with you shortly.

Key features

The project has several main features, namely:

➤ The residential space covers an area of 93,000 square metres;

➤ Since the community of Peninsula is surrounded on three sides by the Dubai Canal, the owners of the apartments will live on a peninsula.

➤ The apartments feature terraces with 180-degree sea views.

➤ Many apartments offer views of the emirate's stunning landmarks such as the Burj Khalifa and the Dubai Opera House.

➤ It is planned to have 79 bicycle racks built.

➤ The residential project will have 454 parking spaces.

➤ Chargers for electric vehicles will be available for all residents of the development.

Architecture

The residential project is a high-rise building. Thanks to the panoramic windows, it appears as if the building is made of glass, however, it is the vertical wooden panels which make the design of the tower so special. The developer believes that the project will be the centrepiece of the community.

Floor-to-ceiling windows in the apartments provide plenty of natural light and visually enlarge the space.

The kitchens in the apartments will be open-plan and will be connected to the living rooms. They will be equipped with premium household appliances. There will be a refrigerator, stove, oven and extractor hood.

The bedrooms will be equipped with built-in wardrobes. Apartments will also offer stylish furniture. Decorative pillows, rugs, curtains, lamps, paintings, towels in the bathrooms and other accessories will complement the style of the apartments.

Target audience

Peninsula Five is located close to the business and commercial facilities of the metropolis, which means that the project is suitable for businesspersons.

Families with children will also enjoy studio and apartment units here, as there are many kindergartens, schools and clinics in the area.

In general, this residential project is suitable for people who prefer a quiet life and enjoy daily walks on the embankment, including those in their golden years.

Lifestyle at Peninsula Five

An active lifestyle in the metropolis can be successfully combined with the concept of slow living in Peninsula Five. After a busy day in the city, you can relax and recoup your body and soul in the gazebos on the grounds of the residential project. The common areas here are very comfortable and equipped with upholstered furniture.

Near the residential project, there are many fine dining restaurants and cafes, various stores, parks and green spaces.

The core community of Peninsula is geared towards an active lifestyle. Tennis courts, skate parks, a fitness room, basketball and squash courts, and swimming pools for adults and children are readily available.

Peninsula Five will be fitted with CCTV cameras and fire alarm panels to make living here safer.

Transport accessibility

The Peninsula community is surrounded by a network of highways such as Sheikh Zayed Road, Sheikh Rashid Road and Al Khaleej Al Tejari 1, which provide easy access to Dubai's key locations.

The Peninsula community is a 15-minute walk from Centrepoint Metro Station and at the next station, you can visit the Burj Khalifa.

Popular tourist spots

It takes only 9 minutes to get to the Burj Khalifa by car, and the Dubai Mall is an 8-minute drive away.

The Dubai Creek Tower, which is currently under construction, can be reached by car in 20 minutes.

Dubai Marina is a 25-minute drive away.

Aquaventure Waterpark is located just 30 minutes away from the residential project by car.

Property types in Peninsula Five

The residences will feature open-plan kitchens connected to the living rooms. The doors from the rooms to the terraces will be made of glass.

All rooms will be furnished, and the bedrooms will have built-in wardrobes.

In addition to wardrobes, sofas, armchairs, tables, chairs and beds, there will be designer decor elements. Conscientious designers will outfit the residences with paintings, decorative pillows, stylish lamps and curtains, with the apartments and studio units being completely move-in ready.