One-Bedroom Apartment at Peninsula Four, Business Bay — OP + DLD Covered, Ready

Property Overview

This is a one-bedroom apartment at Peninsula Four (The Plaza) by Select Group in Business Bay, with a direct canal view and ready for immediate handover. The 832 sqft unit is offered at AED 2,375,000. The agent presents it on an 'OP + DLD' basis — that is, priced at around the original price with the DLD transfer fee covered.

Property Highlights

• Type: 1-bedroom apartment
• Size: 832 sqft
• Asking price: AED 2,375,000
• Rate: AED 2,855 per sqft
• Deal basis: OP + DLD covered (agent-stated)
• View: direct canal view (agent-stated)
• Status: ready for immediate handover (agent-stated)
• Developer: Select Group
• Community: Business Bay

Deal Basis

The agent presents this as an 'OP + DLD' deal, where the incentive is the seller covering the DLD transfer fee rather than a discount below the original price. No original purchase price figure was supplied, so DPF has not calculated a savings amount or a below-original-price percentage; the DLD-covered benefit and the original price should be confirmed in writing. At AED 2,375,000 for 832 sqft, the asking price is AED 2,855 per square foot. No DLD amount, dated market comparison or DLD transaction record was supplied, and DPF has not independently verified the deal basis.

About the Project, Developer and Community

Peninsula Four (The Plaza) is part of the Peninsula master development by Select Group in Business Bay, a waterfront district along the Dubai Canal close to Downtown Dubai, with connectivity via Sheikh Zayed Road and Al Khail Road. The unit is stated to be ready for immediate handover; buyers should confirm the completion and handover status with the developer. Project specifications should be confirmed against Select Group's official documentation.

Layout and View

The agent describes an 832 sqft one-bedroom with a direct canal view. Exact floor level, layout, bathrooms, parking and furnishing should be confirmed on the floor plan and in the Sale and Purchase Agreement.

Verification Notes

• Agent-supplied facts: 1-bedroom type, size (832 sqft), asking price (AED 2,375,000), an 'OP + DLD' deal basis, direct canal view, and ready-for-immediate-handover status.
• DPF-calculated figure: price per square foot (AED 2,855).
• Deal type: the agent tagged this 'OP+DLD'; mapped to 'OP + DLD Covered'. No original purchase price figure was supplied, so no below-OP savings amount or percentage is calculated — the stated benefit is DLD coverage. Confirm the OP and DLD coverage in writing.
• External project research: Peninsula Four is confirmed as a Select Group project in Business Bay (handover around 2026); unit-specific facts were not independently verified.