Studio · 417 sqftPeninsula Two, Business Bay · 4th floor · completed 2024

407, Peninsula Two

Sold prices and rental history: sold 3 times, last in August 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 3 August 2023
Last soldAED 925K3 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 407, Peninsula Two

What is 407 worth today?

Last sold for AED 925,000 in 2023

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3 Aug 2023SoldOff-plan
AED 925,000AED 2,216 per sqft
6 Feb 2023SoldOff-plan
AED 708,904AED 1,698 per sqft
14 Apr 2022Sold by developerOff-plan
AED 708,904AED 1,698 per sqft

Source: Dubai Land Department. Updated 3 August 2023.

Key facts

Type
Studio apartment
Size
417 sqft
Floor
4th of 35
Parking
1
Developer
Select Global Development
Completed
2024
Last sold
AED 925K · August 2023

About 407, Peninsula Two

407 is a studio of 417 sqft on the 4th floor of Peninsula Two, a 35-storey tower in Business Bay completed in 2024 by Select Global Development. It last sold on 3 August 2023 for AED 925,000, or AED 2,216 per sqft, in line with the AED 2,164 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical studio in Peninsula Two
800K1M20222023202420252026Typical sale price by year: 2022 AED 758,713; 2023 AED 910,000; 2024 AED 1,050,000; 2025 AED 1,125,000Sold by developer, April 2022: AED 708,904 (AED 1,698 per sqft)Sold, February 2023: AED 708,904 (AED 1,698 per sqft)Sold, August 2023: AED 925,000 (AED 2,216 per sqft)

407 has sold 3 times; the dashed line is the studio median of each year in the building.

Studios in Peninsula Two, and where 407 sits

All 177 studios →

407 last sold in August 2023 at AED 2,216 per sqft, in line with what studios in Peninsula Two were fetching at the time (AED 2,164). Over the last 12 months studios sold for AED 1,000,000 to 1,200,000, around AED 2,779 per sqft.

Recent studio salesUnit no.Price (AED)Summary
8 Jan 20261,175,000
22 Dec 20251,120,000
17 Dec 20251,140,000
16 Dec 20251,200,000
8 studio sales in the last 12 months

Peninsula Two

Building

438 apartments, studios to 2-bed over 35 floors in Business Bay, completed in 2024 by Select Global Development. 24 sold in the last 12 months.

Typical price per sqft
AED 2,657 Up 2.3%
Typical sale
AED 1.74M
Typical rent
Few contracts
Typical yield
Peninsula Two, Business Bay: prices, sales and rents →

Other units on the 4th floor

All 438 units in Peninsula Two
Value
4011-bedAED 1.13M · Mar 2022
4022-bedAED 1.42M · Apr 2022
403StudioAED 678K · Apr 2022
4041-bedAED 1.35M · Mar 2024
4052-bedAED 1.41M · Mar 2022
4061-bedAED 1.14M · Mar 2022
408AED 1M · Nov 2025
1–7 of 13

407, Peninsula Two in numbers

  • Sold 3 times: first on 14 April 2022 for AED 708,904, last on 3 August 2023 for AED 925,000 (AED 2,216 per sqft).
  • Studios in Peninsula Two sold for AED 1,000,000–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 2,657 per sqft.

Source: Dubai Land Department. Updated 3 August 2023.

Questions about 407, Peninsula Two

What did unit 407 last sell for?

AED 925,000 on 3 August 2023: AED 2,216 per sqft for 417 sqft. The unit has 3 registered sales; the first was AED 708,904 in April 2022.

How big is unit 407?

417 sqft (38.7 sqm): a studio on the 4th floor of a 35-storey tower completed in 2024.

What is unit 407 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 1,000,000 to 1,200,000 in the last 12 months, around AED 2,779 per sqft.

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Mortgage on 407, Peninsula Two

Starts from the last sale price (AED 925K, 3 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 925,000
Deposit, UAE resident (20%)
AED 185,000
Deposit, non-resident (40%)
AED 370,000
Monthly over 25 years at 3.7%
AED 3,784

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