Studio · 408 sqftPeninsula One, Business Bay · 3rd floor · completed 2024

309, Peninsula One

Sold prices and rental history: sold 3 times, last in January 2024, and rented once, from August 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 8 August 2026
Last soldAED 833K5 January 2024
Current rentAED 68K /yr8 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 309, Peninsula One

What is 309 worth today?

Last sold for AED 833,000 in 2024

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8 Aug 2026RentedNew contract
AED 68,000/yr12 months · AED 166 per sqft
5 Jan 2024SoldOff-plan
AED 833,000AED 2,043 per sqft
10 Nov 2023SoldOff-plan
AED 800,000AED 1,962 per sqft
1 Feb 2022Sold by developerOff-plan
AED 651,600AED 1,598 per sqft

Source: Dubai Land Department. Updated 8 August 2026.

Key facts

Type
Studio apartment
Size
408 sqft
Floor
3rd of 35
Parking
1
Developer
Select Global Development
Completed
2024
Last sold
AED 833K · January 2024

About 309, Peninsula One

309 is a studio of 408 sqft on the 3rd floor of Peninsula One, a 35-storey tower in Business Bay completed in 2024 by Select Global Development. It last sold on 5 January 2024 for AED 833,000, or AED 2,043 per sqft, 5% below the AED 2,159 studios in the building were fetching at the time.

One Ejari contract is registered, from 8 August 2026. The current contract, signed on 8 August 2026, is AED 68,000 a year: a gross yield of 8.2% on the 2024 price.

Sales and rents for 309 over time

Sales
Unit 309, each saleTypical studio in Peninsula One
750K1M1.25M202220242026Typical sale price by year: 2022 AED 763,000; 2023 AED 896,000; 2024 AED 1,050,000; 2025 AED 1,150,000; 2026 AED 1,190,000Sold by developer, February 2022: AED 651,600 (AED 1,598 per sqft)Sold, November 2023: AED 800,000 (AED 1,962 per sqft)Sold, January 2024: AED 833,000 (AED 2,043 per sqft)

309 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 309, each contractTypical studio in Peninsula One
70K80K202520262027Typical rent by year: 2025 AED 85,000; 2026 AED 75,000New contract, August 2026: AED 68,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Peninsula One, and where 309 sits

All 186 studios →

309 last sold in January 2024 at AED 2,043 per sqft, 5% below what studios in Peninsula One were fetching at the time (AED 2,159). Over the last 12 months studios sold for AED 900,000 to 1,360,000, around AED 3,013 per sqft, and rent for AED 50,000 to 130,000 a year. 309's AED 68,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
9 Oct 20261,190,000
8 Oct 20261,050,000
8 Sep 20261,130,000
7 May 20261,140,000
12 studio sales in the last 12 months

Peninsula One

Building

518 apartments, studios to 3-bed over 35 floors in Business Bay, completed in 2024 by Select Global Development. 62 sold in the last 12 months.

Typical price per sqft
AED 2,715 Up 1.5%
Typical sale
AED 1.91M
Typical rent
AED 118K /yr
Typical yield
6.6%
Peninsula One, Business Bay: prices, sales and rents →

Other units on the 3rd floor

All 518 units in Peninsula One
Value
3011-bedAED 1.4M · May 2023
302StudioAED 850K · Dec 2023
3031-bedAED 986K · Feb 2022
3042-bedAED 1.86M · Dec 2025
3051-bedAED 1.04M · Feb 2022
306StudioAED 980K · Apr 2024
307StudioAED 672K · Jan 2022
1–7 of 23

309, Peninsula One in numbers

  • Sold 3 times: first on 1 February 2022 for AED 651,600, last on 5 January 2024 for AED 833,000 (AED 2,043 per sqft).
  • Rented since August 2026 on one Ejari contract, at AED 68,000 a year.
  • At AED 68,000 a year the gross yield on the 2024 price is 8.2%.
  • Studios in Peninsula One sold for AED 900,000–1,360,000 in the 12 months to November 2026; the building's median across all types is AED 2,715 per sqft.

Source: Dubai Land Department. Updated 8 August 2026.

Questions about 309, Peninsula One

What did unit 309 last sell for?

AED 833,000 on 5 January 2024: AED 2,043 per sqft for 408 sqft. The unit has 3 registered sales; the first was AED 651,600 in February 2022.

What is the rent for unit 309?

AED 68,000 a year on the contract signed on 8 August 2026.

How big is unit 309?

408 sqft (37.9 sqm): a studio on the 3rd floor of a 35-storey tower completed in 2024.

What is unit 309 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Peninsula One sold for AED 900,000 to 1,360,000 in the last 12 months, around AED 3,013 per sqft.

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Mortgage on 309, Peninsula One

Starts from the last sale price (AED 833K, 5 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 833,000
Deposit, UAE resident (20%)
AED 166,600
Deposit, non-resident (40%)
AED 333,200
Monthly over 25 years at 3.7%
AED 3,408

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →