Overview

Property Description

Apartments will be equipped with fully-equipped kitchens with premium white goods, floor-to-ceiling windows, built-in wardrobes, a laundry cabinet, and prime glazing in order to provide maximum convenience to occupants. From your home, you'll be able to view the iconic Burj Al Arab, the Godolphin horse racing stables, or the residential swimming pool. In addition to that, you will have access to a 24-hour gym, an outdoor swimming pool with sun loungers, and changing rooms on the ground floor. It is easy to take in the stunning Dubai skyline panorama from the nearby Meydan cycling circuit for fitness enthusiasts. A 1-bedroom apartment in Residence 110 costs AED 1,818,000 (USD 495,000). For AED 2,839,000 (USD 773,000), you can own the only penthouse studio in Select Group's upscale development. Select Group presented Peninsula Four The Plaza in 2022 as the final phase of its Peninsula mega-community in Business Bay. The development offers waterfront apartments, penthouses, and duplex lofts. *Prices are valid for 2023 The construction of Residence 110 is expected to be completed in Q4 2019, so once you purchase a property here, you can move in right away. With easy access to offices to rent and state-of-the-art business facilities, you will be able to live in the heart of a thriving commercial area. Additionally, you may want to consider leasing your property, since an average gross return of 6.4% is expected for 1-bedroom apartments in Business Bay.. There is an initial rental cost of AED 55,000 (USD 15,000) per year for this type of property in this area. You can also apply for a long-term residency visa if you own property in Residence 110. With an investment of at least AED 750,000 (USD 205,000), you will be eligible for a 3-year investor visa, while with an investment of at least AED 2,000,000 (USD 545,000), you will receive a 10-year Golden Visa. Since the residential complex is complete, you can apply for this type of visa immediately after acquiring the property, so you can enjoy all the perks of long-term residency in the UAE right away.

Location