Peninsula Five, Business Bay
Peninsula Five is a 36-storey residential development by Select Group in the Peninsula waterfront district of Business Bay, sitting directly on the Dubai Water Canal with open sight-lines toward the Burj Khalifa and the Downtown Dubai skyline. Marketed as The Signature Collection, it is the final and largest phase of Select Group's five-part Peninsula masterplan, holding 381 studio to four-bedroom apartments and a limited run of premium waterfront duplexes, completed in the fourth quarter of 2024. Royale Stays manages the setup, pricing and guest side of listing a unit here for a fee starting from 15%.
Storeys
36
Developer
Select Group
Completed
Q4 2024
Units
381 (studio-4BR + waterfront duplexes)
Location
Peninsula district, on the Dubai Water Canal
About the Building
Select Group is one of Business Bay's most active developers, also behind Peninsula One through Four along the same stretch of canal, Jumeirah Living Business Bay, and The Torch in Dubai Marina. Peninsula Five closes out the Peninsula masterplan as its signature phase: three linked structures, commonly referenced together as Peninsula Five, sit on a site the Dubai Water Canal wraps on three sides, giving most units genuine waterfront or skyline views rather than a courtyard or car park outlook.
Apartments range from studios starting around 513 square feet to three-bedroom units up to roughly 1,815 square feet, with nine-foot ceilings and a private balcony on every unit. A smaller collection of 60 premium waterfront duplexes, from one to four bedrooms and up to 4,730 square feet, sits along the canal edge with its own dedicated rooftop pool, separate from the main building's amenities.
Location & Nearby Landmarks
Peninsula Five sits within Business Bay's Peninsula sub-district, on the Dubai Water Canal, within reach of Downtown Dubai and the Burj Khalifa/Dubai Mall area.
Business Bay is home to several other buildings Royale Stays covers, including Marquise Square Tower, also on the canal-side stretch of Business Bay, Ontario Tower, and Peninsula One, the first phase of the same Select Group masterplan, each with its own layout and rental profile.
Unit Types
Peninsula Five's apartment mix runs studio, one, two and three-bedroom layouts in the main tower, plus one to four-bedroom waterfront duplexes in the premium collection. Studios start around 513 to 543 square feet; one-bedroom units run roughly 702 to 877 square feet, with premium one-bedroom layouts starting from 794 square feet; two-bedroom units span approximately 1,305 to 1,623 square feet; three-bedroom apartments reach up to about 1,815 square feet. The waterfront duplexes go up to 4,730 square feet across their four-bedroom configuration.
Amenities
Residents share a swimming pool, a separate kids' pool, sauna and steam rooms with male and female locker facilities, a basketball court and landscaped gardens at ground level. The premium waterfront duplexes have an additional amenity not shared with the rest of the building: their own private rooftop swimming pool.
Transportation & Access
Business Bay Metro station on the Red Line serves the wider district, with Downtown Dubai and the Burj Khalifa/Dubai Mall area within easy reach by car. Royale Stays has not independently confirmed a building-specific walking time from this exact address and does not state one here.
Rental & Price Trends
No dedicated Business Bay long-term or short-term rental income guide is currently published on this site, so this guide does not state a specific AED figure for Peninsula Five. Owners considering a unit here can get a property-specific projection through Royale Stays' ROI calculator rather than relying on an area-wide average that may not reflect this canal-front address.
Airbnb / Short-Term Rental Income Potential
Business Bay is one of Royale Stays' active management areas, and a Peninsula Five unit already has real independent evidence of short-term-rental demand: an active Airbnb listing for a studio inside the building was live at the time of this research. Royale Stays' Airbnb management services can take on the furnishing, photography, pricing, check-in, guest communications and maintenance side of running a unit here for a fee starting from 15%, letting an owner list without handling guest turnover themselves.
Because Peninsula Five is a standard freehold residential development, holiday-home permitting follows the normal Dubai Department of Economy and Tourism route: see Royale Stays' holiday home permit guide for the full process. Owners ready to move forward can submit their property directly.
Income context reviewed by Chris Veinbaums, DTCM-licensed operator.
Questions