Photograph 1 of 4
The Crestmark
Ellington PropertiesCanal edge, Business Bay
- Starting from
- AED 1,500,000
- Handover
- Q1 2026
All 4 photographs
01 / The project
Peninsula Sixby Select Group
Starting fromAED 1,850,000
02 / Key facts
The essentials
- Handover
- Q2 2028, estimated
- Starting price
- AED 1,850,000
- Project type
- Apartments, Penthouses
- Status
- Selling
- Developer
- Select Group
- Area
- Business Bay
- Community
- Peninsula
03 / Overview
About Peninsula Six
Peninsula is Select Group’s Business Bay masterplan on the canal loop, and Six is a later phase inside a district Select has already largely delivered. That matters: the promenade, the retail and the earlier towers exist, so you can walk the site and see what the finished thing looks like.
Select’s Business Bay product is deliberately practical. Efficient layouts, deep balconies, sensible service-charge structures, and studios and one-bedrooms sized for the tenant who will actually rent them. It is not a design statement and does not pretend to be.
The canal frontage is the asset. Business Bay’s western, water-facing edge behaves like a different district from its eastern office side, and Peninsula sits on the right one. Studios here are the highest-yielding unit in this entire list, at 7 to 8% gross.
04 / Highlights
What stands out
- The canal side, not the office sideBusiness Bay’s two halves are not the same market, and the difference shows in resale as well as in the walk.
- Studios and one-beds at 7 to 8% grossThe highest-yielding stock on this list. Net lands 1.5 to 2 points lower, which is the number to model.
- A part-delivered masterplanEarlier Peninsula phases are complete and occupied. You can inspect the actual finish.
- Padel on the podiumSpecific, used, and increasingly the amenity Dubai tenants ask about.
05 / Payment plan
How it is paid
10% on booking, 60% during construction, 30% on handover.
| Milestone | When | Percentage | Amount |
|---|---|---|---|
| On booking | Immediate | 10% | AED 185,000 |
| Across construction milestones | 24 to 30 months | 60% | AED 1,110,000 |
| On handover | Q2 2028 | 30% | AED 555,000 |
Total100%
Amounts are calculated on the published starting price of AED 1,850,000 and move with the unit you choose.
70/30, the structure typical of this developer tier in Business Bay.
06 / Unit types
What is being built
07 / Amenities
What is on site
In the development
- Shared pool
- Residents’ gym
- Residents’ padel court
- Children’s pool
- Residents’ co-working lounge
09 / Location
Where it is
- Marasi promenade1 min on foot
- Business Bay metro station11 min on foot
- Bay Avenue Park6 min on foot
- Downtown Dubai5 min by car
- DIFC8 min by car
- Dubai International15 min by car
10 / Questions
Asked and answered
Gross or net—what will I actually earn?
Business Bay net yield lands 1.5 to 2 points below gross once tenancy registration, re-letting fees and service charges come out. On a studio, model 5.5 to 6% net, not 8%.
Is Business Bay oversupplied?
It has the highest freehold density in Dubai and continuous new supply. Buildings with a good owners’ association and canal frontage have held up; generic inland towers have not. Building selection is the whole decision.
How long is the void period between tenants?
Two to six weeks is normal for a well-priced Business Bay studio. Longer if you price to the top of the market in August.
Can I short-let it?
Yes, with a holiday-home permit and the owners’ association’s consent. Business Bay is one of the strongest short-let submarkets in the city.
What is actually on the amenity deck
Named specifically, because “sports facilities” tells a reader nothing about whether they would use them.
- Canal-front infinity pool
- Gym with a canal-facing terrace
- Padel court on the podium
- Children’s pool and play deck
- Landscaped canal promenade at ground level
- Residents’ co-working lounge
13 / More in Business Bay
Same address,other keys.
14 / The area
Business Bay
The district Dubai built to be its central business district and then filled with apartments. Our own office is here, so this is the one guide where “we live here” is literally true.
Read the Business Bay guidePeninsula Six
15 / Register interest