Peninsula Two: off-plan project in Business Bay
Peninsula Two is an off-plan residential apartment project in Business Bay, registered with the Dubai Land Department as project no. 2318 and developed by Select Global Development L.L.C. From October 16, 2025 to October 16, 2026, 39 off-plan sales were registered there at a median price of AED 1,700,000 (AED 2,596 per sq ft); 80% of sales fall between AED 1,060,000 and AED 2,400,000.
- 39off-plan sales in 12 months
- AED 1,700,000median sale price
- AED 2,596median price per sq ft
- 95.5%construction progress (DLD)
- September 2024end date in the register
- 462registered units
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026. Source: Dubai Land Department project register (open data), as of 15/06/2026.
What the figures say
- Positioning: at AED 2,596 per sq ft, Peninsula Two is 5% below the median of off-plan sales across the 32 projects tracked in Business Bay (AED 2,733 per sq ft), and 46.8% above the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 39 off-plan sales in 12 months, about 3 a month; number 21 by sales in Business Bay over the period.
- Construction: 95.5% complete in the DLD register, the project is in its final phase; planned end September 2024.
- Profile: a varied offer, 3 unit types sold, the most popular (apartment · 1 bedroom) at 38.5% of sales.
- Secondary market: 37 resales of completed units were also registered over 12 months.
Peninsula Two: official project sheet
Details from the project register kept by the Dubai Land Department. Off-plan payments go to the project's escrow account, as required by Dubai Law No. 8 of 2007.
| Item | DLD register |
|---|---|
| DLD project number | 2318 |
| Registered developer | Select Global Development L.L.C (developer no. 972) |
| Master developer | Business Bay (L.L.C) |
| Community (master project) | Business Bay |
| DLD area | Business Bay |
| Register status | active |
| Construction progress | 95.5% |
| Project start | November 1, 2021 |
| Planned end | September 1, 2024 |
| Registered units | 462 units |
| Buildings | 1 |
| Escrow account | escrow agent registered with the DLD for this project |
Source: Dubai Land Department project register (open data), as of 15/06/2026.
Peninsula Two off-plan prices by unit type
Off-plan sales over the last 12 months, at least 3 sales per row. Entry ticket observed: apartment · studio, at a median AED 1,110,000.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Apartment · Studio | 10 | AED 1,110,000 | 1,000,000 – 1,210,000 | 38 m² (409 sq ft) | AED 2,779 |
| Apartment · 1 bedroom | 15 | AED 1,680,000 | 1,342,000 – 1,786,000 | 59 m² (635 sq ft) | AED 2,578 |
| Apartment · 2 bedrooms | 14 | AED 2,375,388 | 2,272,500 – 2,450,000 | 85 m² (915 sq ft) | AED 2,568 |
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
To turn one of these prices into a payment schedule, use OffPlanSimulator's off-plan payment plan calculator, then add registration fees with the Dubai buying costs calculator.
Sales by unit type
Apartment · 1 bedroom: 38.5% of off-plan sales, with a median size of 59 m² (54 to 63 m² for 80% of them).
- Apartment · 1 bedroom: 38.5% (15 sales)
- Apartment · 2 bedrooms: 35.9% (14 sales)
- Apartment · Studio: 25.6% (10 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
Peninsula Two off-plan price by quarter
The median off-plan price per sq ft moved from AED 2,210 in Q1 2024 to AED 2,610 in Q4 2025 (+18.1%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q1 2024 | 31 | AED 2,210 | — |
| Q2 2024 | 51 | AED 2,388 | +8.1% |
| Q3 2024 | 6 | AED 2,376 | -0.5% |
| Q4 2024 | 33 | AED 2,496 | +5% |
| Q1 2025 | 20 | AED 2,576 | +3.2% |
| Q2 2025 | 37 | AED 2,725 | +5.8% |
| Q3 2025 | 19 | AED 2,563 | -5.9% |
| Q4 2025 | 42 | AED 2,610 | +1.8% |
| Q1 2026 | 4 | AED 2,621 | — |
Source: Dubai Land Department open data, off-plan sales registered since 1 January 2024, as of 16/10/2026.
Rents in Business Bay
To gauge the rental market around Peninsula Two: annual rents of Ejari contracts registered in Business Bay over the last 12 months (15,361 contracts).
| Unit type | Contracts | Median annual rent | Middle 50% range |
|---|---|---|---|
| Apartment · Studio | 4,331 | AED 65,000 | 55,000 – 77,000 |
| Apartment · 1 bedroom | 7,008 | AED 85,000 | 75,000 – 105,000 |
| Apartment · 2 bedrooms | 3,186 | AED 129,640 | 110,000 – 150,000 |
| Apartment · 3 bedrooms | 749 | AED 189,000 | 160,000 – 220,000 |
| Apartment · 4 bedrooms | 82 | AED 300,000 | 193,812 – 375,000 |
To compare a market rent with your purchase price and running costs, the rental yield calculator works it through step by step.
Source: Dubai Land Department, Ejari rent contracts (open data), 20/10/2025 to 20/10/2026.
Where is Peninsula Two?
Peninsula Two is in Business Bay, Dubai.
- Nearest metro station: Business Bay Metro Station
- Nearest shopping mall: Dubai Mall
- Nearest landmark: Downtown Dubai
Source: Dubai Land Department, reference points attached to registered sales.
Further reading
- All off-plan projects in Business Bay
- All DLD sales at Peninsula Two (new and resale)
- Business Bay property prices
- Business Bay rents
- All Select Global Development L.L.C projects
Other off-plan projects in Business Bay
- Binghatti Aquarise — AED 2,624/sq ft
- Downtown Residences — AED 2,769/sq ft
- Binghatti Skyrise — AED 2,888/sq ft
- Al Habtoor Tower — AED 2,733/sq ft
- One by Binghatti — AED 2,938/sq ft
- Tiger Sky Tower — AED 2,388/sq ft
- Binghatti Skyhall — AED 2,407/sq ft
- Peninsula Four — AED 2,530/sq ft
More projects by Select Global Development L.L.C
Same budget elsewhere in Dubai (around AED 1,700,000)
- Helvetia Residences, Jumeirah Village Circle — AED 1,700,000
- Belgravia Gardens, Falcon City — AED 1,702,828
- DAMAC Hills - Golf Greens 2, DAMAC Hills — AED 1,689,960
- 350 Riverside Crescent, Bukadra — AED 1,713,824
- Binghatti Grove, Jumeirah Village Circle — AED 1,687,499
- Greenside Residence, Dubai Hills Estate — AED 1,714,888
Projects presented by Cevitas
Our Business Bay guides
Frequently asked questions
How much does a home at Peninsula Two cost?
Over the last 12 months, the 39 off-plan sales registered with the DLD show a median price of AED 1,700,000, or AED 2,596 per sq ft; 80% fall between AED 1,060,000 and AED 2,400,000. The developer's current prices are on its price list.
When will Peninsula Two be completed?
In the DLD project register (as of 15/06/2026), the project is "active", 95.5% complete, with a planned end date of September 1, 2024. The handover date is confirmed by the developer.
Who is the developer of Peninsula Two?
The DLD register lists Select Global Development L.L.C (developer no. 972), in a community developed by Business Bay (L.L.C).
What unit types are sold at Peninsula Two?
Off-plan sales over the last 12 months cover: apartment · 1 bedroom (15), apartment · 2 bedrooms (14), apartment · studio (10). Best-selling type: apartment · 1 bedroom, at a median AED 1,680,000 for 59 m².
Has the price per sq ft at Peninsula Two changed?
The median off-plan price moved from AED 2,210 per sq ft in Q1 2024 to AED 2,610 in Q4 2025, based on DLD-registered sales.
How do I get the Peninsula Two price list and payment plan?
Ask with the "Get the price list" button or on WhatsApp at +971 55 772 2710: a RERA-licensed Cevitas advisor sends you the available units, the developer's prices and the current payment plan, with no buyer commission on new launches.
Sources and method
Off-plan sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), residential sales registered off-plan ("Off-Plan Properties") from October 16, 2025 to October 16, 2026. Median price = middle registered price; range = 80% of sales (10th to 90th percentile). Price per sq ft = price / registered area (1 m² = 10.764 sq ft).
Developer, status, progress and dates: DLD "Projects" register (data.dubai) and "Developers" register (data.dubai), extract as of June 15, 2026. Progress is the figure from the latest DLD inspection on record; the end date is the one declared in the register and may be updated by the DLD.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), median annual rent of residential contracts over the last 12 months in the area.
Data published under the Dubai Open Data Licence and analysed by Cevitas Real Estate. They describe official transactions and an official register; they are not a valuation, a promise of return or investment advice. The developer's current prices are on its price list.