Developer Select Group has announced the launch of its latest luxurious waterfront development, Peninsula Five, in Dubai’s Business Bay.
Set to be completed in the fourth quarter of 2024, Peninsula Five represents the premiere of The Signature Collection, a collection of developments which aim to raise the standard of residential living.
Peninsula Five is the third series of residences within Select Group’s first large-scale waterfront masterplan.
Following the successful launch of Peninsula in October 2021, Peninsula Five is the fourth new development to be announced by Select Group within the past 12 months, highlighting the demand for premium waterfront properties in Dubai, it said in a statement.
“We are delighted to unveil our plans for Peninsula Five, the first development within The Signature Collection by Select Group. Having witnessed the immense appetite for luxurious waterfront residences, we feel the timing is right to introduce our latest range of elevated residences to the market,” said Rahail Aslam, CEO, Select Group.
Having almost sold-out Peninsula One and Two within a few weeks of launch, he added that the launch of Peninsula Five has been accelerated.
Peninsula Five will comprise 381 spacious and luxurious units, spread between a 36-storey residential tower and two standalone blocks of premium waterfront duplex residences.
The tower will consist of 321 units, ranging from spacious and sophisticated studios while the premium duplexes, located directly on the Dubai Canal waterfront, will deliver 60 residences, ranging from one to four-bedroom units.
Aligned with Peninsula One & Two’s completion date, Select Group will hand over 1,300 units by December 2024 to deliver the first phase of this master plan.
Peninsula will offer access to community amenities for residents, including several manicured parks, communal sporting facilities, a waterfront marketplace with various cafes and eateries and a 66,000 square foot community mall.
Since its inception in 2002, Select Group has delivered over 7,000 homes with another 3,750 homes currently at various stages of development.Select unveils new luxury Dubai waterfront residential project.
Developer says Peninsula Five in Business Bay will deliver 381 homes, scheduled for completion in late 2024.
Since its inception in 2002, Select Group has delivered over 7,000 homes with another 3,750 homes currently at various stages of development.
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