Peninsula is Select Group's newest residential property, located in the famous Business Bay region. The master developer is most known for its thousands of houses and various waterfront buildings in Dubai Marina, where it has been operating for 15 years. Peninsula is Select Group's second development in the highly popular core business sector, following the successful debut of 15 Northside.
The development, which spans a 3.3 million sq.ft land on which the much awaited tower will be erected, is the developer's greatest acquisition to date in his huge real estate portfolio. End-users and investors have the option of selecting from a spectacular choice of studios, one- and two-bedroom apartments. A limited number of 1, 2, and 3-bedroom simplexes are also available for purchase for people looking for more space. There are two types of apartments available: podium and waterfront, to meet the needs of every customer.
This project is unique in the Business Bay area since it will have a large number of green spaces, parks, and running tracks, as well as a wide range of recreational services. A beautiful promenade with F&B establishments and retail spaces, as well as parks and gardens, is one of Peninsula's planned main features that is already capturing the attention of many buyers. In addition to all of the above, residents of the beachfront tower will have full access to top fitness facilities, including tennis, squash, and basketball courts, as well as a one-of-a-kind skate park. Peninsula's master plan includes supermarkets, boutique stores, beauty salons, and well-known hospitality and eating brands within the long-awaited development, ensuring that its residents dine at only the best restaurants in the city.
Peninsula will be built in phases, with the first phase planned to begin in Q4 2021. It's worth noting that the project will include a 100,000-square-foot facility that will house Select Group's headquarters within the massive construction area. Meanwhile, the master developer estimates that the upcoming tower would take between 6 and 7 years to complete.