Peninsula Five - Tower 2
One-beds to four-beds in Business Bay. 6 apartments sold in the last 12 months; every sale, rent and unit is below.
About Peninsula Five - Tower 2
Peninsula Five – Tower 2 is part of the Peninsula master waterfront community in Business Bay, set directly along the Dubai Canal. Completed in the fourth quarter of 2024, the tower reflects the area’s contemporary urban character, with easy access to Downtown Dubai and major city arteries. Residences are primarily apartments ranging from studios to four bedrooms, complemented within the Peninsula Five offering by select waterfront duplex layouts. Interiors follow a modern, high-rise aesthetic with floor-to-ceiling glazing in many units to maximise natural light and canal or city views. Building quality and finishes are in line with recent premium deliveries in Business Bay, with secure entry and concierge services typical for the development. Lifestyle facilities focus on family-friendly and wellness-oriented amenities. Residents have access to an outdoor swimming pool with a separate children’s pool, a well-equipped gym, sauna and steam rooms, landscaped gardens and a basketball court. The wider community places daily conveniences within easy reach, with supermarkets, cafés and other retail available nearby, and additional leisure options along the canal promenade. Connectivity is a key advantage. The tower links to Sheikh Zayed Road (E11) and Al Khail Road (E44) via local feeder routes, while Business Bay Metro Station on the Red Line and area bus stops provide public transport options. The Dubai Canal, Burj Park and Safa Park are all a short drive away for waterside walks and green space. Day-to-day needs are supported by local nurseries and schools in the surrounding area, including Maple Bear Nursery and Safa British School, and healthcare at clinics in Business Bay. Overall, Peninsula Five – Tower 2 offers modern high-rise living in a newly completed canalfront setting, combining contemporary apartments, practical amenities and direct access to the broader Business Bay and Downtown districts.
30 apartments over 4 floors: 3 one-beds of 779 to 1,209 sqft, 8 two-beds of 1,622 to 2,407 sqft, 17 three-beds of 1,805 to 2,767 sqft and 2 four-beds of 4,721 to 4,730 sqft.
6 apartments sold in the 12 months to November 2026, at a median of AED 2,878 per sqft. Most of the trading is in three-beds: 3 of the 6 sales, at AED 3,900,000 to 7,925,000. 16 rental contracts were registered over the same 12 months, at a typical AED 375,000 a year.
- Developer
- Select Global Development
- Completed
- 2024
- Floors
- 4
- Units
- 30
- Unit types
- 1-bed to 4-bed
Average prices in Peninsula Five - Tower 2
In Peninsula Five - Tower 2, typical sale prices over the last 12 months were around AED 2,250,000 for one-beds, AED 5,350,000 for two-beds and AED 7,300,000 for three-beds.
Last 12 months of DLD sales, median per type. Each type links to its own page with every unit and its history.
Price history in Peninsula Five - Tower 2
Every registered sale in the last 12 months; the dashed line is the trend, grey dots are flagged outliers left out of it.
Transaction history in Peninsula Five - Tower 2
- Completed3-bed · 2,164 sqft 29 Jan 2026AED 7,300,0003,372 /sqft
- Completed2-bed · 2,360 sqft 23 Jan 2026AED 7,300,0003,092 /sqft
- Completed1-bed · 844 sqft 20 Jan 2026AED 2,250,0002,665 /sqft
- Completed2-bed · 1,622 sqft 08 Jan 2026AED 3,400,0002,096 /sqft
- Completed3-bed · 1,807 sqft 19 Dec 2025AED 3,900,0002,158 /sqft
- Completed3-bed · 2,255 sqft 12 Nov 2025AED 7,925,0003,514 /sqft
- Completed3-bed · 2,075 sqft 08 Sep 2025AED 5,700,0002,747 /sqft
- Completed2-bed · 1,981 sqft 22 Aug 2025AED 5,900,0002,977 /sqft
- Completed3-bed · 1,805 sqft 12 Aug 2025AED 3,900,0002,160 /sqft
- Completed3-bed · 2,285 sqft 24 Jun 2025AED 6,950,0003,041 /sqft
Over the last 12 months, Peninsula Five - Tower 2 has recorded 6 apartment sales. Typical homes sold for around AED 5.6M (about AED 2,878 per sqft) with a median size of 1,986 sqft; most were three-beds, from roughly AED 2.25M to AED 7.93M.
Units in Peninsula Five - Tower 2
30 units- Unit 2013-bed · 2,355 sqftSold AED 5.22M, Mar 2023
- Unit 2023-bed · 2,255 sqftSold AED 7.93M, Nov 2025
- Unit 2033-bed · 2,165 sqftSold AED 5.11M, Apr 2024
- Unit 2043-bed · 2,084 sqftSold AED 3.45M, Aug 2022
- Unit 2051-bed · 844 sqftSold AED 2.25M, Jan 2026
- Unit 2061-bed · 779 sqftSold AED 1.9M, Jun 2025
- Unit 2073-bed · 2,075 sqftSold AED 5.7M, Sep 2025
- Unit 2083-bed · 2,165 sqftSold AED 7.3M, Jan 2026
- Unit 2093-bed · 2,254 sqftSold AED 4.96M, Dec 2022
- Unit 2103-bed · 2,584 sqftSold AED 5.67M, Aug 2022
Nearby buildings in Business Bay
All 187 →| Building | Completed | Sale /sqft | Rent /sqft | Yield |
|---|---|---|---|---|
| Peninsula Five - Tower 3 | 2024 | AED 2,648 | AED 158 | 6.0% |
| Peninsula Five - Tower 1 | 2024 | AED 2,532 | AED 162 | 6.4% |
| Peninsula One | 2024 | AED 2,715 | AED 180 | 6.6% |
| Jumeirah Living Business Bay | 2025 | AED 4,008 | AED 230 | 5.7% |
| Peninsula Four Tower A | 2026 | AED 2,549 | AED 153 | 6.0% |
| Peninsula Four Lofts A | 2026 | Few sales | ||
| Peninsula Four Tower B | 2026 | AED 2,500 | AED 157 | 6.3% |
| Peninsula Four Tower V3 | 2026 | Few sales | ||
| Peninsula Four Lofts B | 2026 | Few sales | ||
| The Burlington | 2013 | Few sales |
Peninsula Five - Tower 2 in numbers
- Across 6 DLD sales in the 12 months to November 2026, the median price in Peninsula Five - Tower 2 was AED 2,878 per sqft and the typical home sold for about AED 5.6M.
- Completed in 2024 by Select Global Development; 4 floors of one-beds to four-beds.
- Three-beds of 1,805 to 2,767 sqft sold for AED 3,900,000 to 7,925,000 between November 2025 and January 2026, a median AED 3,372 per sqft.
- A three-bed of 1,805 to 2,767 sqft rents for AED 120,000 to 520,000 a year on the 10 contracts registered in the last 12 months.
- Gross rental yield 6.0%: the median rent per sqft over the median sale price per sqft, before service charges.
Source: Dubai Land Department. Updated 1 November 2026.
Questions about Peninsula Five - Tower 2
How much does a three-bed in Peninsula Five - Tower 2 cost?
3 three-beds sold in the 12 months to November 2026, for AED 3,900,000 to 7,925,000; the median was AED 7,300,000, or AED 3,372 per sqft.
How much is a three-bed for rent in Peninsula Five - Tower 2?
About AED 432,000 a year: that is the median of the 10 contracts for three-beds registered with Ejari in the 12 months to November 2026, from AED 120,000 to 520,000.
What is the rental yield in Peninsula Five - Tower 2?
About 6.0% gross across the building, before service charges: the median rent per sqft over the median sale price per sqft in the last 12 months.
Who built Peninsula Five - Tower 2 and when?
Select Global Development; completed in 2024; 4 floors; 30 apartments.
How many apartments are there in Peninsula Five - Tower 2?
30, one-beds to four-beds. Each has its own page with its full sales and rental history.
For sale with OpenOffers in Business Bay
No Business Bay property is on the board today. Follow Business Bay to hear the day one is listed, or see what is for sale across Dubai with every offer public.