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.
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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.
It will also include waterfront cafes and restaurants, a large-scale upmarket supermarket, barbers, salons, a pharmacy as well as convenience retail.
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By GlobalDataThe 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.
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Illustration of the Peninsula in Business Bay, Dubai, the UAE. Credit: Select Group.
