Peninsula One, Business Bay
Peninsula One is a 36-storey residential tower by Select Group in the Peninsula waterfront district of Business Bay, sitting directly on the Dubai Water Canal. It is the first phase of Select Group's five-part Peninsula masterplan, holding 518 units across a mix of studios, 1-bedroom apartments in the main tower and a separate collection of 1 to 3-bedroom podium and waterfront simplexes, completed in early-to-mid 2025. 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
Early-to-mid 2025
Units
518
Location
Peninsula district, Business Bay
About the Building
Select Group is one of Business Bay's most active developers, also behind Peninsula Two through Five along the same stretch of canal, Jumeirah Living Business Bay, and The Torch in Dubai Marina. Peninsula One opened the Peninsula masterplan as its first phase: a 36-storey tower of predominantly studio and 1-bedroom apartments, plus two smaller premium collections set apart from the main building, 15 podium simplexes and 70 waterfront simplexes along the canal edge, together making up 518 units in total.
Tower apartments run from studios starting around 385 to 491 sq ft up to 3-bedroom units of roughly 1,950 sq ft. The waterfront simplexes, 1 to 3 bedrooms, sit along the Dubai Canal itself and are marketed separately from the Tower's own apartment stock.
Location & Nearby Landmarks
Peninsula One sits within Business Bay's Peninsula sub-district, on the Dubai Water Canal near Al Meydan Street, within reach of Downtown Dubai and the Burj Khalifa/Dubai Mall area.
Select Group’s own Peninsula Five, the fifth and final phase of the same masterplan, sits along the same stretch of canal, and Royale Stays already manages short-term rentals there. Escape Tower, another Business Bay freehold tower Royale Stays covers, sits further up toward Sheikh Zayed Road. 15 Northside, another Business Bay tower Royale Stays covers, is likewise within the same district.
Unit Types
Peninsula One's unit mix runs across three distinct collections. The Tower holds studios and 1-bedroom apartments, from roughly 385 to 491 sq ft for studios up to about 1,950 sq ft for the largest 3-bedroom layouts. The Premium Podium Simplexes are a smaller collection of 15 one and two-bedroom units. The Luxury Waterfront Simplexes comprise 70 units, 1 to 3 bedrooms, positioned directly along the Dubai Canal.
Amenities
Residents share a gym, a swimming pool, a kids' play area, a tennis court and a healthcare centre, alongside landscaped gardens and jogging trails at ground level.
Transportation & Access
Business Bay Metro station on the Red Line serves the wider district. Peninsula One's canal-front position puts it within reach of Downtown Dubai and the Burj Khalifa/Dubai Mall area, without an independently confirmed building-specific walking time.
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 One. 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 One unit already has real independent evidence of short-term rental demand: an active Booking.com listing for a 1-bedroom unit inside the building was live at the time of this research.
Peninsula One is a private freehold residential development, not a hotel-branded building, so short-term letting is possible subject to the standard Dubai holiday-home permit process. Royale Stays' Airbnb management services, furnishing, photography, dynamic pricing, guest communications, check-in and maintenance coordination, are available from a management fee starting at 15%. Owners ready to move forward can submit their property directly.
Income context reviewed by Chris Veinbaums, DTCM-licensed operator.
Questions