Select Group launches new development in Dubai’s Business Bay
Peninsula Five is the third series of residences within Select Group’s first large-scale waterfront masterplan
Select Group has announced its latest waterfront development in Business Bay, Dubai. Peninsula Five, The Signature Collection is to be completed by Q4, 2024 and is said to represent the premiere of ‘The Signature Collection’ – a collection of developments that present elevated excellence in residential living for the discerning buyer.
Designed to meet the standards of Select Group’s flagship development, Jumeriah Living Marina Gate, which was delivered in 2020, Peninsula Five is said to showcase a formidable array of highly refined residences. The development will deliver a balanced blend of spacious and elegant waterfront residential units, combined with views of the Burj Khalifa, the Downtown skyline and the Dubai Water Canal, said a statement from the developer.
Peninsula Five is the third series of residences within Select Group’s first large-scale waterfront masterplan. Following the launch of Peninsula in October 2021, Peninsula Five is the fourth new development to be announced by Select Group within the past 12 months, highlighting the demand for premium waterfront properties in Dubai, the statement explained.
“We are delighted to unveil our plans for Peninsula Five, the first development within ‘The Signature Collection’ by Select Group. Having witnessed the immense appetite for luxurious waterfront residences, we feel the timing is right to introduce our latest range of elevated residences to the market. Peninsula Five allows us to offer buyers a premium level product that is currently missing in Business Bay,” said Rahail Aslam, CEO, Select Group.
Peninsula Five will comprise 381 units, spread between a 36-storey residential tower and two standalone blocks of waterfront duplex residences. The tower will consist of 321 units ranging from studios starting to three-bedroom ‘semi-penthouses’, which offer 180-degree panoramic views of the Downtown skyline and waterways.
The premium duplexes, located directly on the Dubai Canal waterfront, will deliver 60 residences ranging from one to four-bedroom units, and give residents access to an unmatched array of upscale health and lifestyle facilities within the development, the statement added.
Aligned with Peninsula One & Two’s completion date, Select Group will hand over 1,300 units by December 2024 to deliver the first phase of this eagerly anticipated master plan, it noted.
Peninsula will offer access to a wide array of community amenities including several manicured parks, communal sporting facilities, a waterfront marketplace with various cafes and eateries, and a 66,000sqft community mall.
