Peninsula Three 1BR Apartment in Business Bay — Water View, High Floor

Positioned along the waterfront edge of Business Bay, Peninsula Three stands as one of the district’s most recognisable residential towers, developed by Select Group

This one-bedroom apartment on a high floor commands full canal views and is currently tenanted, making it an immediate income-generating asset for investors seeking a ready portfolio addition.

Unit Features

– One-bedroom apartment
– 668 ft² (62 m²)
– High floor
– Full canal view
– Currently rented
– Unfurnished

Complex Amenities

– Swimming pool
– Fully equipped gymnasium
– Waterfront promenade access
– Retail and dining at podium level
– Covered parking
– 24-hour security and concierge

Architecture & Concept

Peninsula Three is part of the broader Peninsula master development, a low-rise-to-mid-rise cluster that frames a dedicated waterfront promenade along the Dubai Canal. The design emphasises clean contemporary lines with generous glazing to maximise water views. The master plan integrates landscaped public realm, retail activation, and pedestrian connectivity across the entire peninsula.

About the Developer

Select Group is a Dubai-based developer with a proven track record across premium residential and mixed-use projects, particularly noted for the Peninsula series in Business Bay.

Location & Benefits

– Business Bay, central Dubai
– Approximately 5 minutes to Downtown Dubai and Burj Khalifa
– Direct access to the Dubai Canal promenade
– Close to Dubai Mall, DIFC, and Sheikh Zayed Road interchange
– Well served by Business Bay Metro Station
– Surrounded by established F&B, retail, and corporate occupiers
– High rental absorption district with strong short-term and long-term demand

Investment Appeal

– Tenanted unit delivers rental income from day one
– Canal-view high-floor units command a premium in the resale and rental market
– Business Bay consistently records high transaction volumes, ensuring exit liquidity
– Strong short-term rental potential given proximity to Downtown and tourism corridors
– One-bedroom segment in this district attracts both end-users and investors, broadening the buyer pool
– Comparable canal-view stock in the submarket supports the current asking level

Frequently Asked Questions

Q: Is the apartment currently generating rental income?
A: Yes, the unit is tenanted, so a buyer benefits from immediate rental returns upon transfer.

Q: What type of view does this unit have?
A: The apartment enjoys a full canal view from a high floor, one of the most sought-after orientations within the tower.

Q: Is Peninsula Three suitable for short-term rental once the current tenancy ends?
A: Business Bay and the canal-facing position make this unit well suited to short-term rental platforms, subject to the applicable DTCM licensing requirements.

To find out more or to arrange a viewing, please submit your enquiry through the form on this page.