Peninsula – New Launch by Select Group in Business Bay

The Dubai-based Select Group real estate developer is proud to present its second stunning development set in the prestigious address of the sought-after Business Bay area. This will be the second residence by the Group, after the first one, 15 Northside, which was extremely popular among investors. According to the CEO, Rahail Aslam, with a GFA of 3.3 million sq.ft. in total, the plot of the upcoming Peninsula is the largest-scale acquisition in their real estate portfolio so far. In fact, Select Group will be moving into a development in the Dubai Marina, in which it plans to build a 100,000 sq.ft. headquarters on the generously sized plot.

In addition to the gorgeous studios and 1 & 2-bedroom apartments, Peninsula will also boast a limited range of spacious waterfront/podium simplexes. Setting the standard for destination living, the master plan of the highly anticipated development includes numerous amenities including green spaces, parks and running tracks. As well as this, residents will be provided with access to supermarkets, beauty salons and cafés, alongside an array of well-known dining and hospitality brands, which will elevate the community spirit of the entire development. Among other key features of the project is a collection of boutique stores and world renowned fashion lines, set to cater to even the most discerning fashion tastes.

As stated by Select Group, the construction of Peninsula will progress in phases later this year, where the First Phase plans to take 30-60 months, and the Second Phase will start immediately after that. In fact, the master developer will launch an additional phase every 6 to 9 months, with the overall completion schedule for the huge development taking 6-7 years, depending on the real estate market climate.

Similar to 15 Northside, the long-awaited Peninsula offers an attractive easy 4-step payment plan. There is a 5% booking fee, then 10% will need to be paid within 30 days, 15% within the next 6 months and finally, 70% upon handover. Due to its affordable pricing and its convenient location next to Dubai Canal, the waterfront project is expected to attract a lot of attention among property buyers.

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