AED 3,760,000 was AED 3,760,000
| Deal type | OP + DLD Covered |
| Price | AED 3,760,000 |
| Original price | AED 3,760,000 |
| Saving | AED 150,400 (3.8%) |
| Bedrooms | 2 |
| Size | 1436 sq.ft |
| Type | Apartment |
| Status | Ready |
| Developer | Select Group |
| Area / Master development | Business Bay |
| Sub-community / Phase | Peninsula |
| Community | Business Bay |
This premium corner 2-bedroom apartment in Peninsula Four by Select Group, Business Bay, is available at an asking price of AED 3,760,000. The unit has a built-up area of 1,436 sq ft with full canal views. The agent confirms the unit is ready for handover. The seller is offering the property at the original purchase price and absorbing the 4% DLD transfer fee of approximately AED 150,400 that they paid on the original transaction.
The agent states the selling price of AED 3,760,000 is at the original purchase price. The deal is structured as OP plus DLD, meaning the seller absorbs the 4% Dubai Land Department transfer fee they paid when they originally purchased the unit.
Original purchase price: AED 3,760,000. DLD transfer fee paid by seller (4%): approximately AED 150,400. Seller's total investment: approximately AED 3,910,400. Asking price: AED 3,760,000. Seller's loss: approximately AED 150,400 (3.8% of total investment).
The buyer acquires the unit at the seller's original contract price without any premium. The seller absorbs the entire DLD fee as a loss. Prospective buyers should request sight of the seller's Sale and Purchase Agreement to independently confirm the original contract value and the remaining payment obligations to Select Group.
Property Finder data for 2-bedroom apartments in Peninsula Four provides context:
This listing at AED 3,760,000 for 1,436 sqft is below the median asking price and competitively priced against current market listings. The premium corner position with full canal view adds value relative to standard-facing units at similar price points.
The agent describes this as a premium corner unit with full canal view. Corner apartments in Peninsula Four benefit from dual-aspect exposure, providing natural light from two directions and a wider field of view. The full canal view faces the Dubai Water Canal, one of the most sought-after orientations in Business Bay, offering an unobstructed waterfront outlook. Premium corner units in canal-facing towers are limited in supply per floor and typically command higher rents and resale values compared to standard configurations.
The payment plan is structured as 40/60, where 40% has been paid during the construction phase and 60% is due on handover. This aligns with Select Group's original developer payment plan for Peninsula Four: 5% down payment at launch, 35% during construction (totalling 40%) and 60% at handover.
The agent confirms the unit is ready for handover. Property Finder project data shows Peninsula Four was expected to deliver in February 2026 with construction at 88.45% as of December 2025. By September 2026, the project appears to have reached or be nearing completion. Buyers should confirm the exact handover status and timeline with Select Group or the seller.
Peninsula Four, also known as Peninsula Four The Plaza, is a residential development by Select Group in the Peninsula district of Business Bay, Dubai. The project comprises two 52-storey towers offering a range of apartment configurations from studios to 4-bedroom penthouses and duplexes. Two-bedroom apartments range from 1,436 to 1,453 sq ft.
The development is positioned on the Dubai Canal within Business Bay, providing direct waterfront access and views of the canal, the city skyline and the Burj Khalifa. Peninsula Four is part of the wider Peninsula masterplan by Select Group, which includes multiple residential towers along the canal.
Residents of Peninsula Four have access to an infinity swimming pool, a children's pool, a fully equipped gymnasium, squash courts, sauna and steam rooms, dining outlets, landscaped gardens and podium areas, covered parking, high-speed elevators and round-the-clock security with concierge services. Retail outlets are available at the podium level.
Peninsula Four is situated in Business Bay along the Dubai Canal. Business Bay is a central commercial and residential district connected to the wider city via Sheikh Zayed Road (E11), Al Khail Road (E44) and the Business Bay Metro Station on the Red Line. Downtown Dubai and the Burj Khalifa are within walking distance. Dubai International Airport is approximately 15 minutes by road. The Dubai Canal promenade provides pedestrian and cycling access along the waterfront, with retail and dining outlets at the canal level.
Unit-specific facts including 2-bedroom configuration, built-up area, premium corner position, full canal view, asking price, OP plus DLD deal structure, 40/60 payment plan and ready-for-handover status are sourced from the agent's brief received on 28 September 2026. The interpretation of the deal structure is that the selling price of AED 3,760,000 equals the original purchase price and the seller absorbs the 4% DLD fee; this should be confirmed by reviewing the seller's SPA. Project-level details including tower heights, unit configurations, size ranges, amenities and construction progress are drawn from Property Finder project data and sale listings. Bathroom count, floor level, parking count and furnishing status were not stated in the brief and have been omitted. Property Finder shows 2BR sizes in Peninsula Four at 1,436 to 1,460 sqft; this unit at 1,436 sqft matches the lower end of the range.
The asking price is AED 3,760,000 for a premium corner 2-bedroom apartment with a built-up area of 1,436 sq ft and full canal view, which works out to approximately AED 2,618 per square foot.
The seller is offering this unit at the original purchase price of AED 3,760,000 and absorbing the 4% DLD transfer fee they paid when they purchased the unit. The DLD fee on the original transaction was approximately AED 150,400, bringing the seller's total cost to approximately AED 3,910,400. By selling at AED 3,760,000, the seller loses the entire DLD fee (approximately 3.8% of their all-in cost). The buyer acquires the unit at the seller's original purchase price without any markup.
The 40/60 structure means 40% of the purchase price has been paid during the construction phase and 60% is due on handover. This aligns with Select Group's original payment plan for Peninsula Four (5% down payment plus 35% during construction, with 60% at handover). For a resale, buyers should confirm how much the seller has already paid and what amount the buyer would need to settle with the developer at handover.
Property Finder data shows the median asking price for 2-bedroom apartments in Peninsula Four is approximately AED 4,050,000 with an average rate of AED 2,510 per sqft. Current 2BR listings include AED 3,710,000 (1,460 sqft, full canal view, just handed over) and AED 4,000,000 to AED 4,500,000 for similar sizes. This listing at AED 3,760,000 for 1,436 sqft sits below the median asking price.
Peninsula Four, also known as Peninsula Four The Plaza, is a residential development by Select Group in Business Bay, Dubai. The project comprises two 52-storey towers offering studios, 1, 2, 3 and 4-bedroom apartments including duplexes and penthouses. Two-bedroom apartments range from 1,436 to 1,453 sq ft. The development is situated on the Dubai Canal with views of the waterway and the Burj Khalifa.
Property Finder data indicates an estimated rental yield of approximately 6 to 7% for apartments in Peninsula Four. At an asking price of AED 3,760,000, this would suggest potential annual rental income of approximately AED 226,000 to AED 263,000. The actual rental income depends on the unit condition, view, floor and current market conditions.
Buyer costs
Dubai transfer costs for an ready unit. Every figure editable — NOC is set by the developer and varies.
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| VAT on agency (5%) | — |
Total cost
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Full payment schedule and unit details are released to qualified buyers on enquiry.
Indicative only and not a quotation. Excludes any balance payable to the developer, mortgage arrangement costs and service charges.
Finance
Indicative monthly repayment on a UAE bank mortgage.
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| Loan amount | — |
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Monthly payment
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Indicative only, not an offer of finance and not advice. UAE loan-to-value caps depend on residency, property value and whether it is your first purchase, with tighter limits on off-plan. Rates move; confirm current terms with your bank or broker.
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