Peninsula Three, Business Bay

Peninsula Three is a mixed-use building in Business Bay, Dubai, developed by Select Group. It holds about 864 units: studios, 1-bedroom apartments, 2-bedroom apartments, commercial units. Depending on the unit, windows look out over Community.

The building was completed in 2025 and has been in use for about 1 years. 159 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 2,660 per sq ft.

Peninsula Three is one of 257 buildings in Business Bay: 149 are complete and 61 are still being built.

• A mixed-use ready building
• Located in Business Bay, Dubai
• Developed by Select Group
• Completed in Q4 2025
• Unit types: Studio, 1 Bed, 2 Beds, Commercial
• Sizes from 60 to 2,350 sq ft
• Views: Community View
• Features: Balcony, Barbeque Area, Built In Wardrobes, Children's Play Area, Children's Pool, Concierge, Covered Parking, Gated Community, Kitchen Appliances, Landmark view, Lobby In Building, Maid Room, Maid Service, Pets Allowed, Private Garden, Private Jacuzzi, Seafront, Security, Shared Gym, Shared Pool, Shared Spa, Vastu-compliant, Walk-In Closet, Waterfront View
• Service charge from AED 8.8 per sq ft
• Business Bay metro station 1.1 km away

Status

Ready

Developer

Select Group

Location

Business Bay, Dubai

Completed

Q4 2025

Unit types

Studio, 1 Bed, 2 Beds, Commercial

Prices from

AED 767.0K

Median price per sq ft

AED 2,660

Median gross yield

6.6%

Service charge

AED 19.73 per sq ft (2026)

Nearest metro

Burj Khalifa Road, 0.6 km

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Peninsula Three lists 24 features and facilities for its residents.

• Balcony
• Barbeque Area
• Built In Wardrobes
• Children's Play Area
• Children's Pool
• Concierge
• Covered Parking
• Gated Community
• Kitchen Appliances
• Landmark view
• Lobby In Building
• Maid Room
• Maid Service
• Pets Allowed
• Private Garden
• Private Jacuzzi
• Seafront
• Security
• Shared Gym
• Shared Pool
• Shared Spa
• Vastu-compliant
• Walk-In Closet
• Waterfront View

Price ranges from the most recent registered sales, by unit type:

• 1-bedroom apartments: AED 600.0K to AED 2.0M (639 to 828 sq ft), across 12 sales
• Studios: AED 1.1M to AED 1.2M (420 to 446 sq ft), across 5 sales
• 2-bedroom apartments: AED 2.2M to AED 3.5M (923 to 1,081 sq ft), across 3 sales

1-bedroom homes in Peninsula Three were let for AED 90.0K to AED 140.0K a year across 11 recent contracts, with a median of AED 105.0K.

Yearly rents from recent registered contracts, by unit type:

• 1-bedroom apartments: AED 90.0K to AED 140.0K a year (638 to 698 sq ft), across 11 contracts
• Studios: AED 70.0K to AED 90.0K a year (420 to 446 sq ft), across 5 contracts
• 2-bedroom apartments: AED 190.0K a year (945 sq ft)

Every sale in Peninsula ThreeEvery rent contract in Peninsula Three

The 2026 service charge in Peninsula Three is AED 19.73 per sq ft for homes, AED 8.8 per sq ft for service apartment, AED 2.44 per sq ft for villas. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department. Each parking space adds about AED 260 a year.

Source: Dubai Land Department service charge index. Rates are reviewed each year.

How the developer's price is paid, in the order each instalment falls due.

1. 1.Down Payment5%
2. 2.During Construction45%
3. 3.On Handover50%

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  Studio, Studio Studio

  334 sqft31 sqmt

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  1 bedroom, 1 Bedroom Apartment

  581 sqft54 sqmt

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  2 bedrooms, 2 Bedroom Apartment

  904 sqft84 sqmt

The nearest Dubai Metro station from Peninsula Three is Business Bay (red line, 1.1 km, about 13 min walk), then Burj Khalifa/Dubai Mall (red line, 1.9 km, about 6 min drive). Stations planned on new lines nearby include Burj Khalifa Road (golden line, 0.6 km, about 7 min walk) and Business Bay Interchange (golden line, 1.1 km, about 13 min walk).

• Burj Khalifa RoadGolden line · 0.6 km · about 7 min walk
• Business Bay InterchangeGolden line · 1.1 km · about 13 min walk
• Business BayRed line · 1.1 km · about 13 min walk
• District 1 near High Speed Rail lineGolden line · 1.7 km · about 5 min drive
• Burj Khalifa/Dubai MallRed line · 1.9 km · about 6 min drive
• City WalkGolden line · 2.7 km · about 7 min drive

The closest is Spinneys/ Ontario Tower, 0.5 km from Peninsula Three (about 6 min walk).

• Spinneys/ Ontario TowerSupermarket · 0.5 km · about 6 min walk
• Spinneys / The Executive TowersSupermarket · 0.6 km · about 7 min walk
• Bay AvenueShopping Mall · 0.8 km · about 10 min walk
• Al Maya / 8 Boulevard Walk, Downtown DubaiSupermarket · 0.9 km · about 11 min walk
• Choitram, The Executive TowersSupermarket · 1 km · about 12 min walk

The closest is Oberoi Hotel, 0.4 km from Peninsula Three (about 5 min walk).

• Oberoi HotelHotel · 0.4 km · about 5 min walk
• Maward RestaurantRestaurant · 0.5 km · about 6 min walk
• Vida Hotels and ResortsHotel · 1 km · about 12 min walk
• JW Marriott Marquis Business BayHotel · 1 km · about 12 min walk
• Al Manzil HotelHotel · 1.3 km · about 5 min drive

The closest is Al Amal Hospital, 2.3 km from Peninsula Three (about 7 min drive).

• Al Amal HospitalHospital · 2.3 km · about 7 min drive
• Medcare HospitalHospital · 2.5 km · about 7 min drive
• Emirates HospitalHospital · 3.3 km · about 9 min drive
• Internationl Medical CenterHospital · 3.6 km · about 9 min drive
• Neuro Spinal hospitalHospital · 4 km · about 10 min drive

The closest is Dubai Bowling Centre, 1.6 km from Peninsula Three (about 5 min drive).

• Dubai Bowling CentreSports Academy · 1.6 km · about 5 min drive
• Safa ParkPark · 2.1 km · about 6 min drive
• Al Quoz Pond ParkPark · 2.2 km · about 6 min drive
• Jumeirah Beach ParkPark · 3.6 km · about 9 min drive
• Falcon Heritage and Sports CentreSports Academy · 4.2 km · about 10 min drive

The nearest is Global Indian International School L.L.C, 1.5 km away. Ratings are the KHDA's latest inspection grades.

• Global Indian International School L.L.CIndian · KHDA: Good · 1.5 km
• GEMS Our Own Indian SchoolIndian · KHDA: Very good · 1.6 km
• Iranian Towheed Boys SchoolIranian - International Baccalaureate · KHDA: Good · 1.6 km
• Japanese SchoolJapanese · KHDA: Good · 1.6 km
• Dubai International Private School - BrAmerican · KHDA: Good · 1.7 km
• JSS Private School L.L.CIndian · KHDA: Very good · 1.7 km

Business Bay has 257 buildings. A few others to compare Peninsula Three with:

• Ready

  014 Tower

  Business Bay · H&H

  Completed 2012

• Ready

  15 Northside Tower 1

  Business Bay · Select Group

  Completed 2023

• Ready

  15 Northside Tower 2

  Business Bay · Select Group

  Completed 2023

• Ready

  51 @ Business Bay

  Business Bay · Deyaar

  Completed 2012

• Off-plan

  77S

  Business Bay · 77 Shades of Green

  Handover 31 Dec 2028 · 14% built

• Ready

  AG Tower

  Business Bay · Arabian Gulf

  Completed 2021