Studio · 429 sqftPeninsula Two, Business Bay · 34th floor · completed 2024

3408, Peninsula Two

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

Unit 3408 · DLD and Ejari recordsUpdated 26 September 2026
Last soldAED 1.17M3 April 2024
Current rentAED 65K /yr26 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3408, Peninsula Two

What is 3408 worth today?

Last sold for AED 1,170,000 in 2024

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26 Sep 2026RentedNew contract
AED 65,000/yr12 months · AED 153 per sqft
3 Apr 2024SoldOff-plan
AED 1,170,000AED 2,729 per sqft
19 May 2022Sold by developerOff-plan
AED 848,800AED 1,980 per sqft

Source: Dubai Land Department. Updated 26 September 2026.

Key facts

Type
Studio apartment
Size
429 sqft
Floor
34th of 35
Parking
1
Developer
Select Global Development
Completed
2024
Last sold
AED 1.17M · April 2024

About 3408, Peninsula Two

3408 is a studio of 429 sqft on the 34th floor of Peninsula Two, a 35-storey tower in Business Bay completed in 2024 by Select Global Development. It last sold on 3 April 2024 for AED 1,170,000, or AED 2,729 per sqft, 18% above the AED 2,310 studios in the building were fetching at the time.

One Ejari contract is registered, from 26 September 2026. The current contract, signed on 26 September 2026, is AED 65,000 a year: a gross yield of 5.6% on the 2024 price.

Sales and rents for 3408 over time

Sales
Unit 3408, each saleTypical studio in Peninsula Two
800K1M1.2M202220242026Typical sale price by year: 2022 AED 757,688; 2023 AED 910,000; 2024 AED 1,050,000; 2025 AED 1,125,000; 2026 AED 1,157,500Sold by developer, May 2022: AED 848,800 (AED 1,980 per sqft)Sold, April 2024: AED 1,170,000 (AED 2,729 per sqft)

3408 has sold twice; the dashed line is the studio median of each year in the building.

Studios in Peninsula Two, and where 3408 sits

All 189 studios →

3408 last sold in April 2024 at AED 2,729 per sqft, 18% above what studios in Peninsula Two were fetching at the time (AED 2,310). Over the last 12 months studios sold for AED 475,000 to 1,275,000, around AED 2,815 per sqft, and rent for AED 55,000 to 135,000 a year. 3408's AED 65,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
19 Oct 20261,180,000
16 Oct 20261,000,000
8 Oct 20261,022,700
16 Sep 20261,100,000
23 studio sales in the last 12 months

Peninsula Two

Building

439 apartments, studios to 2-bed over 35 floors in Business Bay, completed in 2024 by Select Global Development. 68 sold in the last 12 months.

Typical price per sqft
AED 2,577 Down 0.8%
Typical sale
AED 1.67M
Typical rent
AED 90K /yr
Typical yield
6.0%
Peninsula Two, Business Bay: prices, sales and rents →

Other units on the 34th floor

All 439 units in Peninsula Two
Value
34011-bedAED 1.32M · Apr 2022
34022-bedAED 1.66M · May 2022
3403StudioAED 1.14M · Jul 2026
34041-bedAED 1.24M · May 2022
34052-bedAED 2.42M · Jun 2025
34061-bedAED 1.46M · Apr 2023
3407StudioAED 828K · May 2022
1–7 of 13

3408, Peninsula Two in numbers

  • Sold twice: first on 19 May 2022 for AED 848,800, last on 3 April 2024 for AED 1,170,000 (AED 2,729 per sqft).
  • Rented since September 2026 on one Ejari contract, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2024 price is 5.6%.
  • Studios in Peninsula Two sold for AED 475,000–1,275,000 in the 12 months to November 2026; the building's median across all types is AED 2,577 per sqft.

Source: Dubai Land Department. Updated 26 September 2026.

Questions about 3408, Peninsula Two

What did unit 3408 last sell for?

AED 1,170,000 on 3 April 2024: AED 2,729 per sqft for 429 sqft. The unit has 2 registered sales; the first was AED 848,800 in May 2022.

What is the rent for unit 3408?

AED 65,000 a year on the contract signed on 26 September 2026.

How big is unit 3408?

429 sqft (39.9 sqm): a studio on the 34th floor of a 35-storey tower completed in 2024.

What is unit 3408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Peninsula Two sold for AED 475,000 to 1,275,000 in the last 12 months, around AED 2,815 per sqft.

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Mortgage on 3408, Peninsula Two

Starts from the last sale price (AED 1.17M, 3 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,170,000
Deposit, UAE resident (20%)
AED 234,000
Deposit, non-resident (40%)
AED 468,000
Monthly over 25 years at 3.7%
AED 4,787

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