Peninsula 3 – new launch by Select Group in Dubai

One of the leading privately-owned UAE master developers, Select Group, presents the next phase of its highly successful Peninsula development located in the covetous area of Business Bay. Peninsula Three offers a range of chic waterfront residences, overlooking the Dubai Canal, at a starting price of AED 770,000 (USD 210,000). Aiming to promote a healthy lifestyle in Dubai, the residential mega-project will feature outdoor green spaces, parks, landscaped gardens, cycling and running tracks, as well as a unique skate park, among other recreational facilities. Moreover, residents will be granted full access to an expansive variety of leisure options in the Community Mall which has a whopping area of 66,000 sq. ft, with famous F&B outlets, retail stores, beauty salons, as well as pharmacies and supermarkets. Not forgetting the focal point of the Peninsula project called the Promenade, which is set to house pop jet fountains, an outdoor cinema, an events venue and a concert space, guaranteeing an unforgettable time for everyone.

To date, Peninsula has witnessed the release of 3 phases (on top of Peninsula Three): Peninsula One, Peninsula Two and Peninsula Five, where the first 2 developments rapidly sold out within 1 month after the announcement, illustrating investors’ confidence in the prime quality of real estate by Select Group. That being said, the master developer offers an attractive 50/50 payment plan, in order to make housing affordable for every prospective buyer. The expected handover of Peninsula Three is scheduled for 2025.

Established back in 2002, Select Group has already delivered 15 exclusive developments, accounting for more than 7,000 homes. It is worth mentioning that the plot of the Peninsula project, with a GFA of 3.3 million sq. ft, is the largest-scale acquisition in its property portfolio. This mega-development is not your typical thriving commercial area in Business Bay, thanks to its abundance of verdant spaces, which makes it attractive both to single professionals and families with children.