2-bed · 898 sqftPeninsula One, Business Bay · 4th floor · completed 2024

402, Peninsula One

Sold prices and rental history: sold 3 times, last in September 2024, and rented once, from November 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 2 November 2025
Last soldAED 2.3M10 September 2024
Current rentAED 160K /yr2 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Peninsula One

What is 402 worth today?

Last sold for AED 2,300,000 in 2024

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2 Nov 2025RentedNew contract
AED 160,000/yr12 months · AED 177 per sqft
10 Sep 2024SoldOff-plan
AED 2,300,000AED 2,562 per sqft
26 Dec 2022SoldOff-plan
AED 1,850,000AED 2,061 per sqft
28 Feb 2022Sold by developerOff-plan
AED 1,557,300AED 1,734 per sqft

Source: Dubai Land Department. Updated 2 November 2025.

Key facts

Type
2-bed apartment
Size
898 sqft
Floor
4th of 35
Parking
1
Developer
Select Global Development
Completed
2024
Last sold
AED 2.3M · September 2024

About 402, Peninsula One

402 is a two-bedroom apartment of 898 sqft on the 4th floor of Peninsula One, a 35-storey tower in Business Bay completed in 2024 by Select Global Development. It last sold on 10 September 2024 for AED 2,300,000, or AED 2,562 per sqft, 17% above the AED 2,184 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 2 November 2025. The current contract, signed on 2 November 2025, is AED 160,000 a year: a gross yield of 7.0% on the 2024 price.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical two-bed in Peninsula One
1.5M2M2.5M202220242026Typical sale price by year: 2022 AED 1,710,300; 2023 AED 1,900,000; 2024 AED 2,100,000; 2025 AED 2,437,500; 2026 AED 2,650,000Sold by developer, February 2022: AED 1,557,300 (AED 1,734 per sqft)Sold, December 2022: AED 1,850,000 (AED 2,061 per sqft)Sold, September 2024: AED 2,300,000 (AED 2,562 per sqft)

402 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 402, each contractTypical two-bed in Peninsula One
160K170K180K202520262027Typical rent by year: 2025 AED 180,000; 2026 AED 172,487New contract, November 2025: AED 160,000 a year

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

2-beds in Peninsula One, and where 402 sits

All 141 2-beds →

402 last sold in September 2024 at AED 2,562 per sqft, 17% above what two-beds in Peninsula One were fetching at the time (AED 2,184). Over the last 12 months two-beds sold for AED 1,812,829 to 4,500,000, around AED 2,456 per sqft, and rent for AED 125,000 to 350,000 a year. 402's AED 160,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Oct 20262,400,000
11 Sep 20262,850,000
20 Aug 20262,240,000
25 Jun 20262,875,000
21 2-bed 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 4th floor

All 518 units in Peninsula One
Value
4011-bedAED 1.21M · Feb 2022
403StudioAED 1.02M · Sep 2025
4041-bedAED 1.28M · Nov 2022
4052-bedAED 1.67M · Jun 2023
4061-bedAED 1.45M · Apr 2025
407StudioAED 1.1M · Nov 2024
408StudioAED 799K · Sep 2022
1–7 of 23

402, Peninsula One in numbers

  • Sold 3 times: first on 28 February 2022 for AED 1,557,300, last on 10 September 2024 for AED 2,300,000 (AED 2,562 per sqft).
  • Rented since November 2025 on one Ejari contract, at AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2024 price is 7.0%.
  • Two-beds in Peninsula One sold for AED 1,812,829–4,500,000 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 2 November 2025.

Questions about 402, Peninsula One

What did unit 402 last sell for?

AED 2,300,000 on 10 September 2024: AED 2,562 per sqft for 898 sqft. The unit has 3 registered sales; the first was AED 1,557,300 in February 2022.

What is the rent for unit 402?

AED 160,000 a year on the contract signed on 2 November 2025.

How big is unit 402?

898 sqft (83.4 sqm): a two-bedroom apartment on the 4th floor of a 35-storey tower completed in 2024.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Peninsula One sold for AED 1,812,829 to 4,500,000 in the last 12 months, around AED 2,456 per sqft.

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Mortgage on 402, Peninsula One

Starts from the last sale price (AED 2.3M, 10 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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