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BuildingBusiness Bay · Select Global Development · 2024

Peninsula Five - Tower 3

Studios to three-beds in Business Bay. 46 apartments sold in the last 12 months; every sale, rent and unit is below.

Last 12 monthsUpdated 3 November 2026
Typical price per sqftAED 2,648Up 3.4% on the year
Typical saleAED 2.25M46 sales
Typical rentAED 130K /yrAED 158 per sqft
Typical yield6.0%gross, before service charges
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About Peninsula Five - Tower 3

Peninsula Five Tower 3 is a freehold apartment building in Business Bay, in central Dubai beside Downtown Dubai. It was completed in 2024 by Select Global Development and has 36 storeys and 321 apartments, from studios to three-bedroom units of about 513 to 1,864 sqft. It stands alongside Peninsula Five Tower 2, Peninsula Five Tower 1 and Peninsula One. Business Bay metro station on the Red Line is about 1.1 km away, on the Sheikh Zayed Road side of the district. Burj Khalifa/Dubai Mall is one stop north. Several everyday places are within walking distance. F Mart Express in Burlington Tower and Pink Mood Beauty Clinic are both about 300 m away. Canadian Kids Nursery Business Bay is about 400 m away, and Fitness Hub is about 500 m away.

321 apartments over 36 floors: 107 studios of 513 to 543 sqft, 138 one-beds of 677 to 1,435 sqft, 46 two-beds of 1,158 to 1,864 sqft and 30 three-beds of 1,683 to 1,815 sqft.

46 apartments sold in the 12 months to November 2026, at a median of AED 2,648 per sqft, up 3.4% on the year before. Most of the trading is in one-beds: 24 of the 46 sales, at AED 1,240,000 to 2,496,071. 168 rental contracts were registered over the same 12 months, at a typical AED 130,000 a year.

Developer
Select Global Development
Completed
2024
Floors
36
Units
321
Unit types
Studio to 3-bed

Business Bay, Dubai

Average prices in Peninsula Five - Tower 3

In Peninsula Five - Tower 3, typical sale prices over the last 12 months were around AED 1,470,000 for studios, AED 2,170,000 for one-beds, AED 3,850,000 for two-beds and AED 4,780,000 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 3

2,0002,5003,000May 2026Nov 20262025-11-10: AED 2,835, 1-bed, 811 sqft2025-11-14: AED 2,736, 3-bed, 1,717 sqft2025-11-17: AED 2,448, 1-bed, 817 sqft2025-11-18: AED 2,538, 2-bed, 1,595 sqft2025-11-20: AED 2,108, 1-bed, 711 sqft2025-12-03: AED 2,902, Studio, 517 sqft2025-12-03: AED 3,056, 1-bed, 711 sqft2025-12-04: AED 2,980, 1-bed, 738 sqft2025-12-04: AED 3,105, 2-bed, 1,307 sqft2025-12-11: AED 227, 1-bed, 726 sqft (outlier)2025-12-11: AED 2,593, 1-bed, 896 sqft2025-12-12: AED 2,383, 1-bed, 726 sqft2025-12-22: AED 2,603, 1-bed, 833 sqft2025-12-22: AED 2,623, 1-bed, 877 sqft2025-12-23: AED 2,717, Studio, 541 sqft2025-12-23: AED 3,104, 2-bed, 1,353 sqft2026-01-07: AED 3,137, 2-bed, 1,307 sqft2026-01-08: AED 2,798, Studio, 515 sqft2026-01-12: AED 1,842, 1-bed, 1,354 sqft2026-01-20: AED 2,952, Studio, 517 sqft2026-01-21: AED 253, 1-bed, 816 sqft (outlier)2026-01-21: AED 3,003, 1-bed, 816 sqft2026-01-29: AED 243, 2-bed, 1,307 sqft (outlier)2026-01-29: AED 3,099, 2-bed, 1,307 sqft2026-02-03: AED 2,697, 2-bed, 1,353 sqft2026-02-10: AED 2,518, 1-bed, 877 sqft2026-02-17: AED 2,584, 1-bed, 832 sqft2026-03-25: AED 2,763, Studio, 541 sqft2026-04-29: AED 2,823, 3-bed, 1,718 sqft2026-05-01: AED 2,973, 3-bed, 1,766 sqft2026-05-04: AED 2,568, 1-bed, 837 sqft2026-05-15: AED 2,103, 2-bed, 1,158 sqft2026-06-18: AED 1,831, 1-bed, 677 sqft2026-06-26: AED 2,648, 1-bed, 698 sqft2026-07-09: AED 2,624, Studio, 543 sqft2026-07-13: AED 2,080, 1-bed, 817 sqft2026-07-24: AED 2,621, 1-bed, 877 sqft2026-08-27: AED 2,654, 1-bed, 876 sqft2026-09-15: AED 2,580, 2-bed, 1,376 sqft2026-09-25: AED 2,652, 1-bed, 811 sqft2026-10-12: AED 2,513, 1-bed, 816 sqft2026-10-13: AED 2,420, 2-bed, 1,353 sqft2026-10-23: AED 2,567, Studio, 530 sqft2026-10-26: AED 2,789, 3-bed, 1,685 sqft2026-11-03: AED 2,682, 1-bed, 839 sqft2026-11-03: AED 2,595, 2-bed, 1,329 sqftTrend: AED 2,772 to AED 2,592

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 3

  • Completed1-bed · 838 sqft 03 Nov 2026AED 2,250,0002,683 /sqft
  • Completed2-bed · 1,329 sqft 03 Nov 2026AED 3,450,0002,595 /sqft
  • Completed3-bed · 1,684 sqft 26 Oct 2026AED 4,700,0002,790 /sqft
  • CompletedStudio · 529 sqft 23 Oct 2026AED 1,360,0002,567 /sqft
  • Completed2-bed · 1,353 sqft 13 Oct 2026AED 3,275,0002,421 /sqft
  • Completed1-bed · 815 sqft 12 Oct 2026AED 2,050,0002,513 /sqft
  • Completed1-bed · 810 sqft 25 Sep 2026AED 2,150,0002,653 /sqft
  • Completed2-bed · 1,375 sqft 15 Sep 2026AED 3,550,0002,580 /sqft
  • Completed1-bed · 875 sqft 27 Aug 2026AED 2,325,0002,655 /sqft
  • Completed1-bed · 877 sqft 24 Jul 2026AED 2,300,0002,621 /sqft

Over the last 12 months, Peninsula Five - Tower 3 has recorded 46 apartment sales. Typical homes sold for around AED 2.25M (about AED 2,648 per sqft) with a median size of 837 sqft; most were one-beds, from roughly AED 1.24M to AED 5.25M.

1–10 of 548

Units in Peninsula Five - Tower 3

321 units
  • Unit 101Studio · 513 sqftSold AED 899K, Aug 2022
  • Unit 1021-bed · 817 sqftSold AED 1.7M, Jul 2026
  • Unit 2012-bed · 1,158 sqftSold AED 2.44M, May 2026
  • Unit 2021-bed · 776 sqftSold AED 2M, Aug 2025
  • Unit 2032-bed · 1,270 sqftSold AED 2.23M, Sep 2022
  • Unit 3011-bed · 837 sqftSold AED 2.15M, May 2026
  • Unit 3022-bed · 1,376 sqftSold AED 2.54M, Sep 2024
  • Unit 3031-bed · 876 sqftSold AED 1.46M, Jul 2022
  • Unit 304Studio · 515 sqftSold AED 1.28M, Mar 2025
  • Unit 305Studio · 529 sqftSold AED 903K, Jun 2023
1–10 of 321
Every unit in Peninsula Five - Tower 3, by number

By type: studios (107), one-beds (138), two-beds (46), three-beds (30).

Nearby in Business Bay

All 187 →
BuildingSale /sqftYield
Peninsula Five - Tower 2AED 2,8785.9%
Peninsula Five - Tower 1AED 2,5326.4%
Peninsula OneAED 2,7156.6%
Jumeirah Living Business BayAED 4,0085.7%
Peninsula Four Tower AAED 2,5496.0%
1–5 of 186 · nearest first

Peninsula Five - Tower 3 in numbers

  • Across 46 DLD sales in the 12 months to November 2026, the median price in Peninsula Five - Tower 3 was AED 2,648 per sqft and the typical home sold for about AED 2.25M.
  • Completed in 2024 by Select Global Development; 36 floors of studios to three-beds.
  • One-beds of 677 to 1,435 sqft sold for AED 1,240,000 to 2,496,071 between November 2025 and November 2026, a median AED 2,598 per sqft.
  • An one-bed of 677 to 1,435 sqft rents for AED 95,000 to 180,000 a year on the 72 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 3 November 2026.

Questions

How much does an one-bed in Peninsula Five - Tower 3 cost?

24 one-beds sold in the 12 months to November 2026, for AED 1,240,000 to 2,496,071; the median was AED 2,172,500, or AED 2,598 per sqft.

How much is an one-bed for rent in Peninsula Five - Tower 3?

About AED 135,000 a year: that is the median of the 72 contracts for one-beds registered with Ejari in the 12 months to November 2026, from AED 95,000 to 180,000.

What is the rental yield in Peninsula Five - Tower 3?

About 6.0% gross across the building, from about 6.4% for one-beds to 5.3% for three-beds, before service charges: the median rent per sqft over the median sale price per sqft in the last 12 months.

Have prices in Peninsula Five - Tower 3 gone up?

The median price per sqft rose from about AED 2,561 to AED 2,648 over the 12 months to November 2026, up 3.4%, on 46 sales against 89 the year before.

Who built Peninsula Five - Tower 3 and when?

Select Global Development; completed in 2024; 36 floors; 321 apartments.

How many apartments are there in Peninsula Five - Tower 3?

321, studios to three-beds. Each has its own page with its full sales and rental history.

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