Overview

Property Description

As the third phase of Select Group's Peninsula development, Peninsula Five The Signature Collection will transform Business Bay. The 37-storey (G+36) tower will introduce a carefully crafted selection of waterfront duplexes with 1-4 bedrooms, as well as stylish studios and 1-3 bedroom apartments, in Q1 2022. A total of 381 units are available for sale, ranging in size from 513 square feet to 4,730 square feet. The 37-storey tower will feature apartments with 180-degree sea views and 9 ft high ceilings in both living rooms and bedrooms, providing plenty of space and light. Not to mention upscale finishes inspired by Jumeirah Living Marina Gate, a luxury residential development in Dubai Marina by Select Group. In addition to terraces and/or balconies, duplexes will also include a maid's room with a bathroom attached, which is not available in regular apartments. For the utmost convenience of duplex owners, bespoke concierge services will be provided. Aside from everything mentioned above, kitchens in Peninsula Five will also contain premium appliances, such as a hob, oven, fridge/freezer, and extractor fan.. A washing machine connection point will also be available. You can also consider DAMAC Zada Tower, a stone's throw away, which offers only 1-bedroom residences for a minimum price of AED 650,000 (USD 180,000). *Prices are valid for 2022 It is expected that Peninsula Five will become highly popular with UAE and overseas investors and end users when it is completed in Q4 2024. A month after the launch of Peninsula One and Peninsula Two, both phases had sold out in a matter of days. This is Business Bay's first community-focused master planned waterfront development, so buyers are drawn not just by its convenient location.. Additionally, homeowners will have full access to the Community Mall, which has a total area of 66,000 square feet. The Peninsula community will also feature supermarkets, pharmacies, medical facilities, beauty salons, boutiques and well-known food and beverage brands, adding to its wide range of amenities. The property prices in Peninsula will continue to rise with the upcoming phases, as 1-bedroom apartments in Peninsula One were initially priced at AED 925,000 (USD 252,000).. You can generate a decent profit if you decide to buy a residence in Peninsula Five and then resell it, and with the estimated annual rental income of AED 57,000 (USD 15,500) for a one-bedroom apartment in Peninsula, this is an attractive investment option. Select Group offers a 4% DLD waiver fee, in the midst of a competitive Dubai real estate market.. The maintenance fees are AED 14-18 (USD 3.81-4.9) per sq. ft, with a reserve fund of AED 2-3 (USD 0.54-0.82) per sq. ft. Real estate buyers will also be eligible for a 3-year investor visa once Peninsula Five has been completed. The initial required amount is set at AED 750,000 (USD 205,000) and the visa can be renewed multiple times. By obtaining this type of visa, you will be able to open a bank account in the UAE, obtain a UAE driving license, and apply for an Emirates ID, all of which will facilitate your life in the UAE.. Additionally, you will be able to bring your children and spouse to the UAE with family sponsorship. As of Q1 2022, this tower was 95% sold out, and is due to be completed by Q3 2022. The second development by Select Group in Business Bay, 15 Northside. At an initial cost of AED 930,000 (USD 255,000), the development offers studios and 1-4 bedroom apartments.

Features & Amenities

Location