2-bed · 912 sqftPeninsula Two, Business Bay · 5th floor · completed 2024

509, Peninsula Two

Sold prices and rental history: sold twice, last in October 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 9 October 2024
Last soldAED 1.79M9 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 509, Peninsula Two

What is 509 worth today?

Last sold for AED 1,790,000 in 2024

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9 Oct 2024SoldOff-plan
AED 1,790,000AED 1,963 per sqft
13 Apr 2022Sold by developerOff-plan
AED 1,493,700AED 1,638 per sqft

Source: Dubai Land Department. Updated 9 October 2024.

Key facts

Type
2-bed apartment
Size
912 sqft
Floor
5th of 35
Parking
1
Developer
Select Global Development
Completed
2024
Last sold
AED 1.79M · October 2024

About 509, Peninsula Two

509 is a two-bedroom apartment of 912 sqft on the 5th floor of Peninsula Two, a 35-storey tower in Business Bay completed in 2024 by Select Global Development. It last sold on 9 October 2024 for AED 1,790,000, or AED 1,963 per sqft, 11% below the AED 2,198 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 509 over time

Sales
Unit 509, each saleTypical two-bed in Peninsula Two
1.5M2M20222023202420252026Typical sale price by year: 2022 AED 1,578,335; 2023 AED 1,815,000; 2024 AED 2,050,000; 2025 AED 2,320,000Sold by developer, April 2022: AED 1,493,700 (AED 1,638 per sqft)Sold, October 2024: AED 1,790,000 (AED 1,963 per sqft)

509 has sold twice; the dashed line is the two-bed median of each year in the building.

2-beds in Peninsula Two, and where 509 sits

All 85 2-beds →

509 last sold in October 2024 at AED 1,963 per sqft, 11% below what two-beds in Peninsula Two were fetching at the time (AED 2,198). Over the last 12 months two-beds sold for AED 2,250,000 to 2,570,000, around AED 2,568 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Jan 20262,350,000
2 Jan 20262,450,000
22 Dec 20252,350,000
15 Dec 20252,325,000
10 2-bed 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 5th floor

All 438 units in Peninsula Two
Value
5011-bedAED 1.25M · Jan 2024
5022-bedAED 1.43M · Apr 2022
503StudioAED 668K · Apr 2022
5041-bedAED 1.2M · Dec 2023
5052-bedAED 1.42M · Jul 2022
5061-bedAED 1.4M · Jan 2024
507StudioAED 1.12M · Apr 2025
1–7 of 13

509, Peninsula Two in numbers

  • Sold twice: first on 13 April 2022 for AED 1,493,700, last on 9 October 2024 for AED 1,790,000 (AED 1,963 per sqft).
  • Two-beds in Peninsula Two sold for AED 2,250,000–2,570,000 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 9 October 2024.

Questions about 509, Peninsula Two

What did unit 509 last sell for?

AED 1,790,000 on 9 October 2024: AED 1,963 per sqft for 912 sqft. The unit has 2 registered sales; the first was AED 1,493,700 in April 2022.

How big is unit 509?

912 sqft (84.7 sqm): a two-bedroom apartment on the 5th floor of a 35-storey tower completed in 2024.

What is unit 509 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Peninsula Two sold for AED 2,250,000 to 2,570,000 in the last 12 months, around AED 2,568 per sqft.

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Mortgage on 509, Peninsula Two

Starts from the last sale price (AED 1.79M, 9 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,790,000
Deposit, UAE resident (20%)
AED 358,000
Deposit, non-resident (40%)
AED 716,000
Monthly over 25 years at 3.7%
AED 7,323

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