Part of Peninsula
Peninsula · Select Group
Photos and renders of the building and grounds — not of this particular unit.
Located in Peninsula. Developer — Select Group. Architect — Brewer Smith Brewer Group.
Specifications for Peninsula Four The Plaza per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Peninsula Four The Plaza is a residential complex of several buildings in Peninsula, currently under construction.
The developer is Select Group. The architecture is by Brewer Smith Brewer Group.
The tallest tower rises 52 storeys.
The database currently holds 8 lots in this project, from 1 140 000 AED; 2 of them priced below the market, the deepest discount 7%.
A Select Group address in Business Bay: two towers on a shared podium, tower B running to 52 storeys. Handovers started June 2026, 632 registered sales in the last twelve months out of 1,375 on record. Price per square foot has barely moved in three years, and the entire investment case now rests on the retail podium opening beneath the towers.
Peninsula Four The Plaza is part of Peninsula, Select Group's own quarter on a bend of the Dubai Water Canal in Business Bay, designed by Brewer Smith Brewer Group. The factsheet lists it as a multi-building complex with a two-level podium — and the podium matters more than the towers themselves; it is what actually changes the address.
One address, several records. Propsearch keeps two pages on it: “The Plaza” describes the two-level podium, “Tower B” the 52-storey tower itself. Broker feeds carry four spellings — Peninsula Four The Plaza, Peninsula Four Tower B, Peninsula Four B and Peninsula Four (offplan). It is one building either way: Select Group’s brochure describes two towers on a shared podium. What differs is not the building but the tower and the status of the individual unit — some stock is finished, some is still sold off-plan.
The building is complete, with unit handovers starting in June 2026. For a buyer, that is a fundamentally different proposition from an off-plan purchase: the unit is taken finished and starts earning rent immediately, without a two-to-three-year wait or completion-date risk.
The sports side of the quarter is already operating — padel, tennis and basketball courts are delivered. Retail is not: there is no grocery store within walking distance yet, and residents currently drive to nearby supermarkets or order delivery.
A total of 1,375 transactions are on record for the project, of which 346 are secondary-market resales. By turnover, this is one of the more liquid addresses in Business Bay — a figure that matters less on the way in than on the day a unit needs to be sold.
189 transactions closed in the past twelve months. The first thing the data shows: the rate per square foot barely moves with unit size. All four unit types trade in a AED 2,500-2,560 corridor, and a three-bedroom carries no discount at all for its extra volume — meaning the choice here should be driven by the tenant profile you're targeting, not by an assumption that more space costs less per foot.
The second finding: demand is concentrated at the bottom. Studios and one-bedrooms account for 157 of 189 sales — 83% of the building's market — and that is also where the deepest pool of buyers sits on exit.
The first units reached the rental market as soon as handovers began, and the gross yields by unit type work out as follows: studios return the highest yield, at the cheapest entry price — the one case in the data where the best rate and the shortest ticket coincide. One-bedrooms perform weakest of the four types, precisely because their sale price held up better than their rent did.
One-bedroom median by year: AED 2,440/ft² in 2023, 2,376 in 2024, 2,536 in 2025, 2,469 in 2026 — roughly 1% of movement across three years. Any pitch of this building as a capital-growth story is contradicted by the same registry data a buyer can pull independently.
| Year | AED / ft² |
|---|---|
| 2023 | 2,440 |
| 2024 | 2,376 |
| 2025 | 2,536 |
| 2026 | 2,469 |
Dubai Land Department transaction registry via DXB Interact, twelve months to August 2026. Three years of movement: roughly 1%.
The straightforward explanation: for three years this was an address with no shops nearby. That is what changes next. A mall opens beneath the building in Q4 2026 — Spinneys and Nando's are among the confirmed tenants, with Select Group curating the full retail mix itself. A grocery store within walking distance changes both who rents here and who buys.
A Market Place — a food hall with restaurants and bars beneath the towers — is stated for 2027, and an alcohol licence for the district has been obtained. Combined with the sports courts already open, this turns the quarter into somewhere people visit from outside, not only somewhere they live.
One specific detail on the retail: Select Group leases its commercial units rather than selling them, and keeps full control of the tenant mix. That protects the podium from random signage, but it also means the retail space itself cannot be bought here — only the residential units above it.
The Peninsula towers range from AED 2,677 to 3,058 per square foot — a 14% spread within one quarter under one developer (our own stock as of 28 August 2026).
The differences are not cosmetic. Peninsula Five carries the FIVE hotel brand, Peninsula Six the Jumeirah Living name, the rest are unbranded, and the service charge differs accordingly.
Hence the rule for this quarter: “an apartment in Peninsula” means nothing without the tower number. Compare a specific building, not the address.
And on the exit: since autumn 2024 the developer stops issuing assignment permissions three months before a building is handed over. Plan a pre-handover resale with time to spare.
The first scenario is buying for immediate rental income: the building is complete, rates are known, and a studio returns the best gross yield at an entry price around AED 1.3 million.
The second is a bet on the podium: buying before the mall and food hall open, on the expectation that a grocery store and a dining strip lift both rent and price. That is a bet on the delivery timeline specifically, not on the Dubai market broadly.
It does not suit a buyer looking for proven capital growth — there has been none here for three years — or anyone hoping to buy the retail space itself, which Select Group does not sell.
Transactions and medians: DXB Interact and Dubai Land Department registry, twelve months to August 2026. Factsheet: developer Select Group, architect Brewer Smith Brewer Group. Mall and Market Place opening dates, tenant mix and court status: developer statements cited in a broker overview of the building (August 2026). The 52 storeys of tower B and the split of one address into two records come from the propsearch factsheets for “Peninsula Four The Plaza” and “Peninsula Four Tower B” together with Select Group’s brochure. Price per square foot by tower is our own stock as of 28 August 2026.
The building is finished; the quarter around it is not. Three changes have dates attached to them, and it is those — not the Dubai market at large — that decide what happens here to rent and to price.
Spinneys and Nando’s are confirmed; Select Group is still picking the rest of the tenant mix itself.
This is the largest change to daily life at the address. There is no grocery within walking distance at all today — residents drive to the neighbouring supermarkets or order delivery. Closing that gap changes both who rents here and who buys.
A Time Out-style food hall opens under the towers — restaurants and bars; the district has been granted an alcohol licence, which for this part of Business Bay is a visible change.
Together with the padel, tennis and basketball courts already built, that puts daytime sport and evening dinners inside one walking radius. The address becomes somewhere people travel to, not only somewhere they live.
Occupancy is expected at 70–80%, with few units left either to rent or to buy.
Jumeirah Living Marina Gate, by the same developer, went the same way: once the community had matured and supply had tightened, the price was set by whoever owned the best view rather than by the market.
Dates, tenant mix and occupancy expectations come from Select Group materials quoted in a broker review of the building (August 2026). These are the developer’s targets, not commitments: the dates can move, and the status of the district’s alcohol licence is worth checking separately. Photographs and renders are the developer’s own.
The building has been handed over and already trades on the secondary market, so what exists for it is not estimates but registry records: how many deals, at what price, and what the first tenancy contracts pay.
| Type | Median price | AED/sqft | Size | Deals |
|---|---|---|---|---|
| Studio | 1 310 000 AED | 2 560 | ≈512 sqft | 68 |
| 1 bedroom | 2 194 000 AED | 2 510 | ≈874 sqft | 89 |
| 2 bedrooms | 3 610 000 AED | 2 520 | ≈1 433 sqft | 23 |
| 3 bedrooms | 4 875 000 AED | 2 500 | ≈1 950 sqft | 9 |
The rate per square foot barely moves with size: all four types sit between 2 500 and 2 560 dirhams. A three-bedroom buys no discount for volume, so pick for the tenant you expect rather than in the hope of a cheap foot.
| Type | Rent per year | Median price | Gross yield |
|---|---|---|---|
| Studio | 80 000 – 90 000 AED | 1 310 000 AED | 6.5% |
| 1 bedroom | 125 000 – 135 000 AED | 2 194 000 AED | 5.9% |
| 2 bedrooms | 220 000 – 230 000 AED | 3 610 000 AED | 6.2% |
| 3 bedrooms | 300 000 AED | 4 875 000 AED | 6.2% |
Yield is taken from the middle of the rent range against the median sale price of the same type. The figures are gross: the service charge, the agency fee and the void between tenants come off on top of that — work it out on the specific apartment and its own service-charge statement.
Deals, medians and sizes — a DXB Interact and Dubai Land Department export covering the twelve months to August 2026. Rents are the first contracts signed after handover began, as quoted in a broker review of the building; check them against Ejari before the deal.
The final payment on this building falls in 2026 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.
Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.
Ask on WhatsAppSelect Group. The architecture is by Brewer Smith Brewer Group.
52 — that is the tallest building of the complex.
Construction is ongoing; the key-handover date for the unit you choose I check in the contract before you sign.
Business Bay. The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.
The database currently holds 8 lots in this project, from 1 140 000 AED; 2 of them priced below the market, the deepest discount 7%. Prices in the base are live and update every day; ask for the current list for the building before deciding.
Swimming pool, Shops, Park and landscaping. The list comes from the project description and covers the whole complex.
What has been written about the building, its developer and Peninsula
Nakheel awarded AED 3.5bn of contracts for 544 Palm Jebel Ali villas due in Q4 2028; Dubai Retail is building The Yard, the island's first retail hub with 26 concepts, for 2027; and Select Group became the first private developer on the island. How a stalled project is turning into a district.
A developer built around Dubai Marina and the harbour districts. Why the water is the whole thesis, what a waterfront service charge looks like, and where the resale market for these units sits.
Select Group has opened private sales for a 36-storey tower in the d3 design quarter, with views of Downtown, Burj Khalifa, the canal and Sheikh Zayed Road. Prices from AED 2.3m for a one-bedroom, 50/50 payment plan.
In Jumeirah 2, H&H is building Peninsula Dubai: a waterfront district with a marina, a 195-key Rosewood hotel, 63 Rosewood residences and five villas by Hopkins Architects, and residential buildings by RSHP. Rosewood opens in 2029; the RSHP residences target early 2029.
Message me for the free layouts in Peninsula Four The Plaza, the real entry price and what owners and tenants say — not the brochure copy.
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