Peninsula Five - Tower 3

About Peninsula Five - Tower 3

Peninsula Five – Tower 3 is a residential high-rise within the Peninsula master development in Business Bay, positioned along the Dubai Canal’s waterfront. The setting combines an urban skyline outlook with direct access to the canal promenade, placing residents a short drive from Downtown Dubai and key commercial districts. The tower rises 36 storeys and was completed in the fourth quarter of 2024. Homes are contemporary apartments ranging from studios to four bedrooms, with layouts designed to maximise natural light and canal or skyline views through extensive glazing. Within the wider Peninsula Five offering, there are also duplex options nearby, strengthening the choice for larger households seeking waterfront living. Lifestyle facilities in and around the building are geared to everyday convenience and wellbeing. Residents typically have access to a main swimming pool and children’s pool, a fully equipped gym, sauna and steam rooms, landscaped podium areas and a basketball court. The development includes 24-hour security, high-speed elevators and covered parking, while the ground-level waterfront promenade offers retail and dining choices within the Peninsula community. Connectivity is a key draw. Sheikh Zayed Road (E11) and Al Khail Road (E44) are reachable within minutes via Al A’amal Street, enabling quick links across the city. Business Bay Metro Station on the Red Line is around a 5–7 minute drive, and local bus services operate on nearby routes. Everyday needs are served by supermarkets a short drive away, with Dubai Mall, Burj Park and the broader Downtown area reachable in roughly 10–12 minutes. Families will find nurseries and schools within convenient driving distance, and the canal-side walkways, parks and fitness tracks add to the area’s outdoor appeal. Overall, Peninsula Five – Tower 3 offers modern waterfront apartments in a newly delivered tower, combining Business Bay’s central location with on-site leisure amenities and straightforward access to major roads, public transport and the city’s flagship attractions.

321 apartments over 36 floors: 102 studios of 513 to 543 sqft, 123 one-beds of 698 to 1,354 sqft, 43 two-beds of 1,161 to 1,864 sqft and 26 three-beds of 1,683 to 1,815 sqft.

26 apartments sold in the 12 months to March 2026, at a median of AED 2,717 per sqft, up 5.8% on the year before. Most of the trading is in one-beds: 14 of the 26 sales, at AED 1,500,000 to 2,496,071. 19 rental contracts were registered over the same 12 months, at a typical AED 140,000 a year.

Developer

Select Global Development

Completed

2024

Floors

36

Units

321

Unit types

Studio to 3-bed