17% Below OP+DLD | High Floor | 860 Sqft | AED 1,960,000 | 40% Payment Plan | Handover Q2 2027
One of the most aggressively priced distress listings currently available on the Dubai Canal — a high-floor 1-bedroom apartment in Peninsula 4 Tower A by Select Group, Business Bay, Dubai. Priced at
AED 1,960,000, this unit is being offered at
17% below the original price plus DLD, representing a saving of
AED 340,000 below the original purchase price of AED 2,300,000 alone — and a total all-in cost advantage of approximately
AED 432,000 when the original buyer's DLD outlay of AED 92,000 is factored in. A 40% payment plan arrangement is available, making this accessible to buyers who do not need to deploy the full purchase price immediately. Handover is targeted for
Q2 2027. For an investor or end-user seeking maximum value in one of Dubai's most coveted canalside communities, this listing demands urgent attention.
Property Highlights
- Property Type: Apartment
- Developer: Select Group
- Project: Peninsula 4 – Tower A
- Community: Business Bay, Dubai Canal
- Bedrooms: 1 Bedroom
- Size: 860 sqft
- Floor: High Floor
- Selling Price: AED 1,960,000
- Original Price (OP): AED 2,300,000 + DLD
- DLD on Original Price: AED 92,000 (4%)
- Saving vs Original Price: AED 340,000 (≈14.8%)
- Saving vs OP + DLD: AED 432,000 (≈17%)
- Payment Structure: 40% payment plan remaining
- Handover: Q2 2027
- Status: Distress Property – Off-Plan Resale – Near to Handover
- Ownership: Freehold – Open to All Nationalities
Breaking Down the 17% Saving — What It Really Means
The 17% below OP+DLD headline represents one of the steepest discounts currently recorded on a Peninsula unit in Business Bay. Here is the full financial picture for a buyer considering this unit:
- Original Purchase Price (OP): AED 2,300,000
- Original DLD (4%): AED 92,000
- Original All-In Cost: AED 2,392,000
- Selling Price (SP): AED 1,960,000
- Saving vs OP: AED 340,000 (14.8%)
- Saving vs OP + DLD: AED 432,000 (≈17%)
- New Buyer's DLD (4% on SP): AED 78,400
- New Buyer's Total All-In: AED 2,038,400 + NOC + remaining costs
- Vs Original All-In: Buyer saves approximately AED 353,600 in total landed cost
This means the new buyer enters at a price that reflects genuine market erosion for the seller — before the Peninsula 4 building completes and market comparables are reset by handover transactions.
About Peninsula 4 Tower A by Select Group
Peninsula is Select Group's flagship residential masterplan in Business Bay, Dubai — a series of towers positioned directly on the Dubai Canal waterfront, collectively forming one of the most prominent canalside residential developments in the emirate. Peninsula 4 Tower A is among the taller and more recently launched towers within the Peninsula collection, offering high-floor residents sweeping views of the Dubai Canal, the Business Bay skyline, and the Downtown Dubai horizon anchored by the Burj Khalifa. Select Group is a privately held, award-winning developer with an extensive portfolio of premium completed developments in Business Bay, Dubai Marina, and across the UAE, known for delivering canal-facing and waterfront residences to a consistently high specification.
Community and Lifestyle – Business Bay, Dubai Canal
- Business Bay is Dubai's most active commercial and residential district — a live-work-play environment directly adjacent to Downtown Dubai
- Peninsula sits on the Dubai Canal waterfront with a dedicated canalside promenade, retail, and F&B strip
- Walking distance to Downtown Dubai, Dubai Mall, Burj Khalifa, and the Dubai Fountain
- Direct access to the Dubai Canal cycling and running track — 12km of uninterrupted waterway pathway
- Surrounded by five-star hotels, Michelin-adjacent restaurants, rooftop bars, and premium lifestyle destinations
- World-class business infrastructure: DIFC, ICD Brookfield Place, and major corporate headquarters within minutes
- RTA Water Taxi and Dubai Canal ferry services accessible from the peninsula's waterfront
- Strong and proven rental market: Business Bay consistently delivers among the highest 1-bedroom rental yields in Dubai
Amenities
- Infinity-edge swimming pool with Dubai Canal views
- Fully equipped gym and fitness centre
- Yoga and wellness studio
- Residents' lounge and social spaces
- Children's pool and play area
- Rooftop terrace and outdoor recreational deck
- Covered allocated parking space
- 24-hour concierge, lobby services, and security
- High-speed lifts and smart building management
- Direct access to Peninsula canalside promenade, retail, and F&B
- RTA Water Taxi stop — Dubai Canal waterfront access
- Full amenity specifications subject to latest Select Group developer confirmation
Layout and Floor Plan
This 1-bedroom apartment in Peninsula 4 Tower A spans 860 sqft on a high floor — a notably spacious footprint for a 1-bedroom in Business Bay, where the average 1-bedroom unit in newer towers typically ranges between 600 and 800 sqft. The additional size translates directly into a more liveable layout with greater separation between living and sleeping areas and a more generous balcony with canal or skyline views. The apartment is expected to include an open-plan living and dining area, a fully fitted kitchen with Select Group's premium integrated appliances, a master bedroom with built-in wardrobes and en-suite bathroom, a guest washroom, and a balcony with elevated canal and city views. Detailed floor plans for this unit in Peninsula 4 Tower A are available on request.
Payment and Handover
This is an
off-plan resale at a distress price of AED 1,960,000 — 17% below the original price plus DLD paid by the current seller. A
40% payment plan is available, meaning the buyer does not need to pay the full purchase price immediately. The exact split — how much has been paid to Select Group by the seller and how the remaining 40% is structured toward handover — is to be confirmed based on the original Select Group SPA and current payment history. Handover is targeted for
Q2 2027. Standard transaction costs:
- Selling Price: AED 1,960,000
- Original Developer Price: AED 2,300,000 + DLD
- Saving vs OP + DLD: AED 432,000 (≈17%)
- Available Payment Structure: 40% remaining on payment plan
- Dubai Land Department Transfer Fee: 4% of SP = AED 78,400
- DLD Registration Fee: AED 4,000
- Developer NOC Fee: Applicable — to be confirmed with Select Group
- Remaining Developer Instalments: To be confirmed based on original Select Group payment plan
- Agency / Brokerage Fee: Available on request
- Handover: Q2 2027 — confirm latest schedule with Select Group
Location and Connectivity
- Burj Khalifa and Dubai Fountain: Approximately 5–8 minutes by car or walkable via canal promenade
- Dubai Mall: Approximately 5–8 minutes by car
- DIFC: Approximately 5–8 minutes by car
- Downtown Dubai: Approximately 5 minutes by car
- City Walk: Approximately 8–12 minutes by car
- Dubai International Airport (DXB): Approximately 15–20 minutes by car
- Sheikh Zayed Road (E11): Approximately 5 minutes
- Al Khail Road (E44): Approximately 5 minutes
- RTA Water Taxi (Dubai Canal): Accessible from Peninsula waterfront
- Business Bay Metro Station: Approximately 5–8 minutes by car or 15 minutes on foot
Why This Distress Deal in Peninsula 4 Is Exceptional
- 17% below OP+DLD — among the steepest recorded discounts on a Peninsula unit; the buyer effectively acquires over AED 400,000 of equity at entry
- 860 sqft is significantly above average for a 1-bedroom in Business Bay — commands a rental premium over smaller competing units
- High floor delivers canal and skyline views that consistently achieve higher rents than mid or low-floor equivalents
- 40% payment plan reduces the immediate capital requirement — accessible to a wider buyer pool than a full cash deal
- Q2 2027 handover — short runway to rental income or occupancy in one of Dubai's highest-yielding residential districts
- Select Group's proven delivery track record in Business Bay supports buyer confidence in the handover timeline
- Dubai Canal frontage is a permanent, non-replicable asset — the waterway view and promenade access cannot be built out by future competition
- Freehold ownership — open to all nationalities; UAE Golden Visa eligible at this investment level
Golden Visa eligibility, rental and yield figures, handover timing and transport connectivity described above reflect source information published as at 17 August 2026 and can change. Confirm current status before relying on them.
