Real estate developer Select Group has launched the Peninsula Two tower in Business Bay, Dubai, the UAE.

The new 36-storey tower is part of first phase of Peninsula, a mixed-use development that will include residential, commercial offices, retail, leisure, and hospitality developments.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The mega-project is said to be delivered in phases over the next five to seven years. It will include nine unique developments, ranging from high-rise towers to luxurious low-rise waterfront villas and simplexes.

The Peninsula Two will offer a unique mix of residential and commercial units in Business Bay, with views of the Burj Khalifa.

The development is connected to a 66,000ft2 community mall, which will house the everyday needs of residents.

See Also:

It will also include waterfront cafes and restaurants, a large-scale upmarket supermarket, barbers, salons, a pharmacy as well as convenience retail.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The units at the Peninsula Two will range from sleek studios, to one- and two-bedroom apartments.

The new tower is planned to be completed in the fourth quarter of 2024.

Select Group CEO Rahail Aslam was quoted saying: “We are delighted to reveal our plans for Peninsula Two, following on from the success of Peninsula One which clearly illustrated the appetite in the market for a community-centric, lifestyle orientated development in Business Bay.

“We are not only creating a unique real estate offering but building a neighbourhood which is designed to promote and foster an active and engaging lifestyle across all walks of life.”

The 36-story Peninsula One tower will feature 433 units ranging from one- to three-bedroom apartments along with 70 luxury waterfront simplexes spread over the six floors.

———————————————————————————————————————

Illustration of the Peninsula in Business Bay, Dubai, the UAE. Credit: Select Group.