For SaleApartment

1BR Apartment in Peninsula One, Business Bay

Peninsula One, Business Bay

Starting price

AED 1.82M

Per sqft

AED 2,972

Reference

PSQ-OP-666-NA-BR1

Bedrooms

Bathrooms

—

Built-up

614.08 sqft

Type

Apartment

About this property

Peninsula One is the first development within a strategic and meticulously created master plan. It is the gateway to Dubai’s most spectacular waterfront residential community in the Dowtown district of Dubai.

The Tower Apartments in Peninsula One are perfectly tailored to cater for the everyday needs of the working professional, which will present a unique investment opportunity for first-time homeowners, or savvy investors alike.

Masterfully planned to deliver 433 units over 36 floors, The Tower’s design is focused on maximising Peninsula One’s glorious waterfront setting.

Primarily consisting of studio and one-bedroom apartments, the location of The Tower Apartments in the heart of Business Bay positions the development as a fantastic investment proposition.

Peninsula One is scheduled for completion in Q4 2024.

Amenities

Kids Play Area

Sauna

Swimming Pool

BBQ Area

Lobby

Gym

Retail

Location & Lifestyle

Buy or rent in Business Bay, the Dubai Holding district along Dubai Creek and the Dubai Water Canal, next to Downtown Dubai. It has direct links to Sheikh Zayed Road and Al Khail Road and its own Red Line Metro station. Landmarks include Bay Square, Executive Towers, Bellevue Towers and the Marasi Business Bay marinas.

From 1 January to 12 November 2026, DLD recorded 3,839 apartment sales in Business Bay: 1,985 ready apartments at a median of AED 1,821 per sq ft and 1,854 off-plan apartments at a median of AED 2,667 per sq ft.

Business Bay ready apartment prices in 2026 (DLD data)

Studio: 467 sales, median price AED 990,000, median size 461 sq ft
1 bedroom: 851 sales, median price AED 1.45 million, median size 810 sq ft
2 bedrooms: 494 sales, median price AED 2.25 million, median size 1,313 sq ft
3 bedrooms: 142 sales, median price AED 3.47 million, median size 1,941 sq ft

Busiest buildings

Ready: Peninsula Three (148 sales), DAMAC Towers by Paramount (94), Peninsula Four (82), Prive by DAMAC (69)
Off-plan: Binghatti Aquarise (236 sales), Avarra by Palace and Al Habtoor Tower (160 each), Peninsula Four (130)

Rent and yield

What is the average rent in Business Bay? The median annual rent was AED 95,000, based on 17,685 Ejari contracts in Business Bay between 1 January and 1 October 2026.

What rental yield does Business Bay offer? About 4.6% gross, before service charges, fees and vacancy.

Who Business Bay suits

Buyers who want a central apartment next to Downtown Dubai and the Metro.
Investors looking at ready studios and 1-bedroom apartments, the most traded types.

Looking to buy in Business Bay? Platinum Square advisors can share current ready and off-plan options.

Source: Dubai Land Department open data: residential unit sales in Business Bay, 1 January to 12 November 2026 (medians are Platinum Square calculations); Ejari rents, 1 January to 1 October 2026.