Overview

Property Description

Peninsula Three is the fourth phase of the Peninsula mega-development, which was presented by Select Group in Q1 2022. The newly launched project comes in the form of a 49-storey tower, with 849 units, including chic studios, as well as apartments with 1 and 2 bedrooms. The living areas of the apartments in Peninsula Three range from 410 sq. ft. to 1,061 sq.. Residents will be able to view the famous Dubai skyline, Dubai Canal, and Burj Khalifa from their balconies. To give the living and dining spaces a modern look, porcelain floors and walls, as well as light colored painted walls, will be used throughout. In addition, the kitchens in Peninsula Three apartments will be beautifully crafted with quartz countertops and laminated shutters, according to the master plan.. Furthermore, homeowners will be able to benefit from a fridge/freezer, sink, a gas oven, as well as a dishwasher and washing machine/drier that will already be installed. Also, the ceilings and windows set at nine feet provide a great deal of space and natural light to the residences. Peninsula Three's 1-bedroom apartment costs AED 1,142,000 (USD 728,000). *Prices are valid until 2022 The completion date of Peninsula Three is scheduled for 2025, and it is expected to draw investors both locally and overseas. In fact, the first two phases of Peninsula called Peninsula One and Peninsula Two sold out within a month after their launch dates, demonstrating the ongoing demand for this particular development.. With plenty of verdant spaces and people-focused amenities, Peninsula is the first master planned waterfront development in Business Bay focused on community. A 66,000-square-foot Community Mall, for example, will offer pharmacies, healthcare facilities, supermarkets, as well as award-winning food and beverage brands to Peninsula Three homeowners. Additionally, Select Group is offering a limited-time DLD Waiver as part of Peninsula Three's promotion campaign, for a limited time only. AED 925,000 (USD 252,000) was set as the starting price for 1-bedroom apartments in Peninsula One, for example. The capital value of Peninsula continues to increase with each new phase.. Taking into account the fact that a similar property in Peninsula Three costs AED 1,142,000 (USD 728,000), it is clear that the capital value of residences in Peninsula Three has increased by about 17%. Therefore, Peninsula Three offers a highly lucrative investment if you are thinking of purchasing a property for future resale. Following the Dubai Urban Master Plan 2040, Business Bay, alongside Downtown Dubai, will become a thriving financial hub, bringing entrepreneurs, business professionals, and employees to the area. In developments like Peninsula Three, this surge will lead to a surge in demand for properties for sale and rent.. In similar developments in Business Bay, a 1-bedroom apartment starts at AED 60,000 (USD 16,300), while the average ROI is 5.4% as of Q1 2022. A property purchase in Peninsula Three will also automatically qualify you for an investor visa, which is valid for three years and requires a minimum investment of AED 750,000 (USD 205,000).. As well as enabling you to obtain an Emirates ID and UAE driving license, it will also enable you to bring your spouse and children to the UAE.

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