Peninsula Two, Business Bay
Peninsula Two is a 36-storey apartment tower in Business Bay, Dubai, developed by Select Group as the second phase of its Peninsula waterfront masterplan on the Dubai Canal. It holds 439 studio, one- and two-bedroom units and was completed on schedule in Q2 2026. Royale Stays manages Business Bay short-term rentals from a fee starting from 15%.
Storeys
36
Developer
Select Group
Completed
Q2 2026
Units
439
Location
Peninsula district, Business Bay
About Peninsula Two
Peninsula Two is a 36-storey apartment tower in Business Bay, Dubai, developed by Select Group as the second phase of its Peninsula waterfront masterplan on the Dubai Canal. The tower was completed on schedule in Q2 2026 and holds 439 units, primarily studio, one-bedroom and two-bedroom apartments.
Select Group has developed the wider Peninsula masterplan in numbered phases along the same stretch of canal, including already-live Royale Stays guides for Peninsula One, Peninsula Three and Peninsula Five. A fourth tower, Peninsula Four (The Plaza), a separate twin 52-storey development with its own collection of waterfront duplex lofts, is also part of the same masterplan but does not yet have its own Royale Stays guide.
Peninsula One, Two, Three, Four and Five are five separate, freestanding buildings within Select Group's wider Peninsula development, each with its own storey count, unit mix and completion date; the shared 'Peninsula' name refers to the overall waterfront masterplan, not to one single building.
Location & Nearby Landmarks
Peninsula Two sits directly on the Dubai Canal in Business Bay, with views toward the Burj Khalifa, the Downtown Dubai skyline, the Dubai Canal and the Arabian Gulf from its upper floors. The building is adjoined by a roughly 6,000 square foot community mall with 23 retail units, including a supermarket, pharmacy, salons and restaurants.
Peninsula Two joins Royale Stays' wider Business Bay Building Guide cluster alongside Jumeirah Living Business Bay, also developed by Select Group, Tiger Sky Tower and Onda by Kasco.
Peninsula Two falls within Royale Stays' wider Business Bay coverage area, detailed in Airbnb Property Management in Business Bay.
Unit Types
Peninsula Two holds 439 units across studio, one-bedroom and two-bedroom apartments. Studio apartments run from around 339 to 452 square feet, one-bedroom apartments from about 570 to 690 square feet, and two-bedroom apartments from roughly 904 to 965 square feet, per Bayut's own floor-plan data and the developer's project page.
Amenities
Amenities include a gymnasium, a swimming pool, a dedicated yoga deck, a running and walking track, landscaped parks and sports courts, alongside the adjoining community mall's retail and dining options, confirmed across the developer's own project page and Bayut's building guide.
Transportation & Access
Peninsula Two sits within Business Bay's canal-front Peninsula district, within reach of Sheikh Zayed Road and Al Khail Road. Downtown Dubai, The Dubai Mall and the Burj Khalifa are roughly a 10 to 15-minute drive away, without an independently confirmed building-specific walking time to the nearest Business Bay Metro station.
Rental & Price Trends
No independently confirmed building-specific rental or resale figure for Peninsula Two was found during this research pass, so this guide does not state a specific AED range for the building. Owners considering a Peninsula Two unit 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.
STR Income Potential
Peninsula Two is a standard freehold residential tower, not a hotel-branded building, so short-term letting is possible subject to the standard Dubai holiday-home permit process.
Royale Stays did not find a dedicated third-party Airbnb or Booking.com listing specifically for Peninsula Two during this research pass, unlike some sibling Peninsula towers; this guide states that honestly rather than assuming a listing exists. 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 can submit their property directly for a free assessment.
Because Peninsula Two is a standard Select Group apartment building with no confirmed short-term-letting prohibition, a DTCM holiday-home permit routed through the building's management company is the standard path, per Royale Stays' Holiday Home Permit guide. Owners can also reach out via Royale Stays' Airbnb property management service to get started.
No Royale Stays-managed unit or third-party STR listing was confirmed specifically at Peninsula Two at the time of this research (2026-09-05, live SERP pull); the absence of an STR signal does not itself disqualify a residential freehold tower from short-term rental management.
Questions