Rented 1-Bedroom Canal View Apartment at Peninsula One, Business Bay

Property Overview

This ready 1-bedroom apartment at Peninsula One by Select Group, Business Bay, is offered at AED 1,600,000. It measures 632 sq ft, about AED 2,532 per sq ft. The unit is on a floor between the 25th and 35th, faces the Dubai Canal and is rented at AED 110,000 a year until December 2026. That rent equals a gross return of about 6.9% on the asking price.

Property Highlights

• Asking price: AED 1,600,000
• Size: 632 sq ft
• Price per sq ft: approximately AED 2,532
• Bedrooms: 1
• Floor: 25–35 (exact floor to be confirmed)
• View: Canal
• Status: Ready
• Tenancy: AED 110,000 a year until December 2026 (agent-stated)
• Gross rental return: about 6.9% before service charges and costs

Pricing Basis

The agent lists this unit as a hot lot. The brief does not supply an original purchase price, a DLD transaction or a dated market comparison, so no discount is calculated or claimed. Buyers should compare the asking rate of about AED 2,532 per sq ft with recent DLD transactions for 1-bedroom canal-view units at Peninsula One.

The 6.9% figure is a gross return: AED 110,000 divided by the asking price. Service charges, maintenance, any vacancy after the lease ends and transaction costs will reduce the net return.

About Peninsula One and Select Group

Peninsula One is the first phase of The Peninsula, a Select Group master development on the Dubai Canal in Business Bay. Select Group, founded in 2002, describes it as a 36-storey tower of around 430 units, mostly studios and 1-bedroom apartments, with Downtown skyline views. The wider Peninsula development includes a waterfront promenade with cafés, restaurants and retail, parks and gardens, and sports facilities including tennis, squash and basketball courts. Buyers should confirm current facilities and service charges with the building management.

Layout, Floor and View

The agent confirms a 632 sq ft 1-bedroom apartment on a floor between the 25th and 35th with a canal view. Exact floor, bathrooms, balcony and parking were not supplied and are not assumed.

Tenancy

The agent states the apartment is rented at AED 110,000 a year until December 2026. A buyer would normally take over the existing lease. Request the Ejari-registered tenancy contract, payment status of the rent cheques and any notice already served, and note that Dubai's rules on rent increases and eviction notice apply when the lease ends.

Location and Connectivity

Peninsula One sits on the Dubai Canal in Business Bay, beside Downtown Dubai, with access to Sheikh Zayed Road and Al Khail Road. Journey times depend on the tower entrance and traffic, so no specific minutes or distances are quoted.

Verification Notes

• Agent-supplied facts: Peninsula One by Select Group, Business Bay, 1 bedroom, 632 sq ft, floor 25–35, canal view, ready, rented at AED 110,000 until December 2026, AED 1,600,000, hot lot.
• DPF calculations: approximately AED 2,532 per sq ft and a gross rental return of about 6.9%.
• External research: developer, tower height, unit mix, master plan and facilities from Select Group's official Peninsula page.
• Not supplied: price benchmark, exact floor, bathrooms, parking, service charge and tenancy documents.