Peninsula Five The Signature Collection – new launch in Dubai

Following the strong demand for Peninsula One and Peninsula Two, the master developer Select Group has launched the next stunning phase of its major waterfront project; Peninsula Five The Signature Collection. Similar to its predecessors, the development offers a bespoke collection of studios and 1-4 bedroom apartments overlooking the stunning Dubai Water Canal. At the same time, interested real estate buyers also have the opportunity to find their dream home in a selection of waterfront duplexes, which are a new addition to the development as they were not previously available in Peninsula One or Peninsula Two. At an initial cost of AED 887K (USD 242K), there is an attractive 40/60 payment plan available, with just a 5% reservation fee. Moreover, prospective investors and end users will be keen to learn that Select Group will cover a 4% DLD registration fee, as part of a promotional offer.

Launched in Q3 2021, Peninsula is situated in the coveted area of Business Bay, on the banks of the Dubai Water Canal. The upcoming development will boast plenty of leafy spaces, landscaped gardens and spacious parks, which is quite unusual for its location as it is right in the heart of the city. Additionally, residents of Peninsula will be surrounded by numerous leisure, dining and entertainment destinations. There will be high-end boutique stores, beauty salons, as well as famous hotels and F&B venues set within the community as well. Of course, the magnificent centerpiece of the 3.3 million sq. ft community will be the Promenade, with its outdoor cinema, pop jet fountains, an events venue and a concert space.

Business Bay remains one of the best locations to purchase real estate in Dubai, due to the availability of essential amenities and a wide range of property prices. It is worth noting that this area witnessed sales of two of the most expensive apartments in Dubai in Q3 2021, in the Volante and Dorchester Collection projects. Moreover, Business Bay registered a tremendous spike in price-per-square-foot of 10.83% in 2021, compared to 2020, confirming investors’ confidence in its perspectives.