Peninsula One 1BR Apartment in Business Bay — High-Demand Rental Location

A well-proportioned one-bedroom apartment in Peninsula One, situated in the heart of Business Bay

The unit is ready for immediate occupancy or rental, making it a practical choice for both end-users seeking a central Dubai address and investors looking for a tenant-ready asset in one of the city’s most active submarkets.

Unit Features

– One-bedroom apartment
– 632 ft² / 59 m² built-up area
– Unfurnished, ready to occupy
– Located in Peninsula One, Business Bay

Complex Amenities

– Swimming pool
– Fully equipped gymnasium
– Landscaped podium deck
– Retail and dining outlets at ground level
– Dedicated parking
– 24-hour security and concierge

Architecture & Concept

Peninsula One is part of a master-planned waterfront cluster by Select Group, designed around a series of interconnected towers with direct canal frontage. The architecture emphasises clean lines, floor-to-ceiling glazing, and generous common areas. The development sits on a peninsula plot, giving residents unobstructed views across the Dubai Water Canal.

About the Developer

Peninsula One was developed by Select Group, a privately held regional developer with a track record of large-scale mixed-use projects across Dubai and internationally.

Location & Benefits

– Business Bay district, central Dubai
– Five minutes to Downtown Dubai and Burj Khalifa
– Direct access to Al Khail Road and Sheikh Zayed Road
– Walking distance to Dubai Water Canal promenade
– Ten minutes to Dubai International Financial Centre
– Metro connectivity via Business Bay station
– Strong rental demand from corporate and professional tenants

Investment Appeal

– Business Bay consistently ranks among Dubai’s highest-transaction districts
– Short-term and long-term rental demand driven by proximity to DIFC and Downtown
– Canal-facing addresses in Peninsula command premium occupancy rates
– One-bedroom units in this size range represent the most liquid stock in the submarket
– Entry into an established, completed development with no construction risk
– Value-growth potential supported by continued infrastructure and retail activation along the canal corridor

Frequently Asked Questions

Q: Is the apartment vacant and available for immediate handover?
A: Yes, the unit is a ready property and can be transferred upon completion of standard DLD procedures.

Q: Can the unit be rented out on a short-term basis?
A: Business Bay is a DTCM-approved zone for holiday home licensing, so short-term rental is permitted subject to obtaining the relevant licence.

Q: What fees should a buyer budget for beyond the purchase price?
A: Standard costs include a four percent DLD transfer fee, trustee office fees, and applicable agency commission.

Enquire through the form on this page to receive full details, arrange a viewing, or request a payment and handover timeline.