Launch of ‘Peninsula Two’ Accelerated Following Successful Release of ‘Peninsula One’ Last Month Illustrating Market Appetite
Dubai, United Arab Emirates: Select Group, one of the region’s largest privately-owned real estate developers, has announced the launch of the 36-storey ‘Peninsula Two’ tower located in the heart of Dubai’s Business Bay. This accelerated launch is a result of highly successful sales on Peninsula One.
Waterfront living at its finest, Peninsula Two will offer a unique mix of residential and commercial units in the heart of Business Bay with prime views of the iconic Burj Khalifa, the famous Downtown skyline and the serene Dubai Canal, all achieved through precise, strategic planning. Targeted towards the modern professional, Peninsula Two offers residents an array of amenities on their doorstep thanks to an adjoining 66,000 sq. foot community mall which will house the everyday needs of the busy millennial. A large-scale upmarket supermarket sits alongside stylish waterfront cafes and restaurants, whilst salons, barbers, a pharmacy and convenience retail keep the necessities close to home.
“We are delighted to reveal our plans for Peninsula Two, following on from the success of Peninsula One which clearly illustrated the appetite in the market for a community-centric, lifestyle orientated development in Business Bay. We are not only creating a unique real estate offering but building a neighbourhood which is designed to promote and foster an active and engaging lifestyle across all walks of life,” says Rahail Aslam, CEO, Select Group.
Scheduled for completion in Q4, 2024, Peninsula Two will form part of the first suburban-style ecosystem in the heart of Dubai’s bustling Business Bay. It will provide residents with an all-encompassing community experience right on their doorstep. With access to numerous manicured parks, unrivalled communal sporting amenities, a waterfront marketplace with an array of restaurants and cafes, a variety of entertainment venues and hotels, Peninsula presents a completely lifestyle enriched community.
Units in this highly anticipated development range from sleek studios, to one- and two-bedroom apartments that will sit adjacent to a 66,000 sqft Community Mall. Peninsula is situated in Business Bay, one of the most well-connected locations within the city of Dubai. Located in close proximity to Dubai’s Old Town, Downtown, DIFC and The Marina, it offers residents unrestricted access to all of the city’s most recognisable landmarks.
Peninsula will be delivered in phases over the next 5 to 7 years and will feature 9 unique developments, ranging from high-rise towers to luxurious low-rise waterfront villas and simplexes.
About Select Group:
Select Group is a multidisciplinary group with real estate and property development at its core, setting industry standards since its inception in 2002. Today, it is one of the region’s largest privately-owned real estate developers with a highly experienced and committed workforce. The company’s projects comprise award-winning real estate developments in the UAE and Europe.
With the development division at the core of the business, over 7,000 homes with a BUA of 13.5 million sq. ft. with GDV of AED 11.5 billion, have been delivered to date. Another 3,750 homes with a BUA of 6.5 million sq. ft. with GDV of AED 6 billion, are currently at various stages of development.