Property Overview
This 4-bedroom apartment on floor 45 of Peninsula Four Tower A in Business Bay is available at AED 6,700,000. The stated original purchase price is AED 7,700,000. The asking price is AED 1,000,000 (13.0%) below the original price. The unit is 2,688 sqft (AED 2,493 per sqft) with full Burj Khalifa and skyline views. Handed over, completed June 2026 by Select Group.
Property Highlights
- Type: 4-bedroom apartment
- Size: 2,688 sqft
- Original price: AED 7,700,000
- Asking price: AED 6,700,000 (AED 2,493 per sqft)
- Saving: AED 1,000,000 (13.0%)
- Bathrooms: 6 (estimated from comparable listings)
- Parking: 1 (estimated)
- Floor: 45 of 49
- Views: full Burj Khalifa and skyline
- Status: ready, completed June 2026
- Developer: Select Group
Why the Price Qualifies as Below OP
The asking price of AED 6,700,000 is below the stated original purchase price of AED 7,700,000 by AED 1,000,000. The agent describes this as an urgent distress sale with the seller needing to exit quickly. Including the 4% DLD transfer fee on the original purchase (approximately AED 308,000), the seller's total estimated loss is approximately AED 1,308,000 (17.0% of the original cost including fees).
Active Listing Comparison
Two active 4-bedroom listings in Peninsula Four provide pricing context:
- FamProperties (ref 178861): 4BR, 2,689 sqft, AED 8,200,000 (AED 3,049 per sqft), 6 bathrooms, canal and Burj views, high floor, unfurnished
- Luxhabitat: 4BR, 2,593 sqft, AED 8,500,000 (AED 3,278 per sqft), 6 bathrooms, Burj and canal views, high floor, semi-furnished
The agent's asking price of AED 6,700,000 (AED 2,493 per sqft) is AED 1,500,000 (18%) below the lower comparable and AED 1,800,000 (21%) below the higher one. This gap supports the distress classification.
DLD Transaction Context
No 4-bedroom DLD transactions were visible in the Property Finder data for Peninsula Four. The 179 recorded transactions are predominantly studios and 1-bedroom units transacting at AED 2,152 to AED 2,789 per sqft (September to October 2026). The agent's price per sqft of AED 2,493 falls within this range, though direct comparison across unit sizes has limitations because larger units typically command a different per-sqft rate.
OP Plausibility
The stated OP of AED 7,700,000 for 2,688 sqft (AED 2,865 per sqft) is below both active 4-bedroom listings (AED 8.2M and AED 8.5M). This is consistent with an off-plan purchase during the construction phase at a lower price than current resale asking prices. The Property Finder new projects page shows 4-bedroom units starting from AED 10,000,000, though this may reflect current pricing for larger layouts or premium positions. The OP is plausible as a pre-completion purchase price.
About the Property
The property is a 4-bedroom apartment on floor 45 of Tower A in Peninsula Four. The agent describes full Burj Khalifa and skyline views, which is consistent with a high-floor south-facing or west-facing position in Business Bay. Based on comparable listings for 4-bedroom units at similar size in Peninsula Four, the unit likely has 6 bathrooms, a maid's room, laundry room, study, pantry, built-in wardrobes, a fitted kitchen with premium appliances, smart home technology, central air conditioning and an expansive balcony. A comparable listing at 2,689 sqft also references a private garden, private pool and private gym, though these features may vary by specific unit and floor.
The unit has been handed over. Peninsula Four was completed on 25 June 2026. The agent did not specify furnishing status.
About Peninsula Four
Peninsula Four is a luxury waterfront development in Business Bay by Select Group (Select Global Development LLC). The project comprises two residential towers of 48 floors each, two loft buildings (4 to 5 floors), a retail building and an office building, with a shared basement and podium. The total count is 2,536 apartments ranging from studios to 4-bedroom penthouses and duplexes. The project was completed in June 2026 with a registered value of AED 1.13 billion (DLD Project No 2461).
Amenities include:
- Infinity swimming pool and children's pool
- Gymnasium and sauna
- Squash courts
- Waterfront dining on the Dubai Water Canal
- Landscaped gardens and BBQ area
- Library
- Children's play area
- Retail facilities
- Concierge service
- Covered parking
- 24-hour security
Location
Peninsula Four is in Business Bay on the Dubai Water Canal, one of Dubai's central business and residential districts.
- Dubai Mall and Burj Khalifa: approximately 5 minutes
- DIFC: approximately 5 minutes
- Downtown Dubai: approximately 5 minutes
- Dubai International Airport: approximately 15 minutes
- Dubai Marina: approximately 20 minutes
Business Bay offers freehold ownership for foreign buyers.
Verification Notes
Unit-specific facts including 4-bedroom configuration, 2,688 sqft, AED 6,700,000 asking price, AED 7,700,000 original price, floor 45, Tower A, full Burj Khalifa and skyline views, urgent distress and handed-over status are from the agent's brief received on 5 October 2026. The Below OP classification is based on the stated OP exceeding the asking price by AED 1,000,000 (13.0%). The OP of AED 7,700,000 is below both active 4-bedroom listings (AED 8.2M and AED 8.5M), supporting its plausibility as a pre-completion purchase price. The 6-bathroom count is estimated from comparable listings on FamProperties and Luxhabitat for 4-bedroom units in Peninsula Four. The 1-parking count is estimated and not confirmed. No 4-bedroom DLD transactions were available for price comparison. The project completion date of 25 June 2026 is from the Real Estate Club Dubai handover tracker, verified against DLD records on 5 October 2026.
