Peninsula Four, The Plaza, Business Bay
Peninsula Four, The Plaza is a five-building waterfront development in the Peninsula district of Business Bay, Dubai, developed by Select Group and completed in June 2026. The complex pairs two 52-storey towers, Plaza A and Plaza B, with two 5-storey waterfront duplex-loft buildings, Lofts D and Lofts E, plus a dedicated retail and dining podium, all sitting directly on the Dubai Water Canal with views toward Downtown Dubai and the Burj Khalifa. This guide covers the building profile, location, unit types and honest Airbnb income potential, with management available from Royale Stays for a fee starting from 15%.
Developer
Select Group
Buildings
5 (Plaza A & B towers, Lofts D & E, retail podium)
Storeys
52 (towers), 5 (lofts)
Completed
June 2026
Location
Peninsula district, on the Dubai Water Canal
Unit Types
Studio to 4BR, duplex lofts, penthouses
About Peninsula Four, The Plaza
Peninsula Four, The Plaza is a multi-building development in the Peninsula waterfront district of Business Bay, developed by Select Group, the same developer behind Peninsula One, Two, Three and Five along the same stretch of canal, Jumeirah Living Business Bay, and The Torch in Dubai Marina. Construction began in October 2022 and the project was completed in June 2026. The Dubai Land Department valued the project at approximately AED 1,130,104,000 (around USD 307.7 million) at launch, based on the developer's own submission.
The complex comprises five individual structures: two 52-storey residential towers, Plaza A and Plaza B, angled on plan so that roughly half of all units get a direct Dubai Water Canal view and the other half face Downtown Dubai and Sheikh Zayed Road; two 5-storey waterfront buildings, Lofts D and Lofts E, holding 16 premium duplex lofts between them; and a two-storey retail and dining podium known as the Peninsula Business Bay F&B Market, plus two shared basement parking levels. The architectural consultant was Brewer Smith Brewer Group (BSBG), with the main building contract carried out by Al Basti & Muktah and the foundation work by Pinnacle International Piling Foundation.
Developer (Select Group), the five-building structure, storey counts (52 towers, 5 lofts), completion timing (construction began October 2022, completed June/Q2 2026) and project value per select-group.ae (developer's own page) and propsearch.ae (citing Dubai Land Department open-data records), with bayut.com's building guide for developer and unit-type detail. Architect and contractor names per propsearch.ae; bsbgroup.com's project portfolio page also lists the architect.
Location & Nearby Landmarks
Peninsula Four, The Plaza sits within Business Bay's Peninsula sub-district, directly on the Dubai Water Canal, within reach of Downtown Dubai and the Burj Khalifa/Dubai Mall area.
The Peninsula masterplan includes four other numbered phases by the same developer along the same canal frontage. Royale Stays already covers three of them: Peninsula One, Peninsula Two and Peninsula Three, each a separate building with its own address, unit mix and completion date. Business Bay is one of Royale Stays' active management areas, with several other buildings covered nearby as well.
Unit Types
The Plaza A and Plaza B towers hold the development's widest unit range: studio apartments from around 494 sq ft up to four-bedroom penthouses of roughly 5,438 sq ft, with one, two, three and four-bedroom apartments in between and general tower unit sizes spanning 494 to 5,260 sq ft. Lofts D and Lofts E are duplex-only buildings, each holding a mix of three- and four-bedroom waterfront duplexes ranging from about 3,674 to 4,513 sq ft, with their own private infinity lap pools not shared with the towers. At launch, developer pricing ranged from around AED 973,000 for a studio up to roughly AED 14 million for a four-bedroom duplex.
Unit type breakdown (Plaza A/B: studio to 4BR plus penthouses; Lofts D/E: 3-4BR duplexes only) and size ranges per propsearch.ae (citing the Dubai Land Department project record) and bayut.com's unit-type breakdown. Launch pricing per propsearch.ae's 'additional information' field, a launch-time figure rather than a current asking price.
Amenities
Residents across the towers share barbecue areas, a children's pool, a sauna, a fully equipped gymnasium and multiple swimming pools, plus a poolside deck with sunloungers and a squash court. The Peninsula Business Bay F&B Market podium adds an extensive range of indoor and outdoor dining, retail and entertainment space along the canal-front plaza, with generous landscaped garden areas. Loft residents have one amenity not shared with the towers: a private infinity lap pool reserved for Lofts D and E only.
Transportation & Access
Business Bay Metro station on the Red Line serves the wider district, with Downtown Dubai and the Burj Khalifa/Dubai Mall area a short drive away via Al Khail Road or Sheikh Zayed Road.
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 income figure for Peninsula Four, The Plaza. Dubai Land Department transaction records show recent resale activity in the AED 1.8 million to AED 2.25 million range for one-bedroom units of around 971 sq ft, recorded in August 2026, working out to roughly AED 1,850 to AED 2,320 per sq ft.
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.
Transaction pricing per propsearch.ae's Dubai Land Department 'Latest Transactions' feed (government open data relayed through the portal); the AED 1,800,000 figure is a recorded DLD transaction.
Airbnb & Short-Term Rental Income Potential
Business Bay is one of Royale Stays' active management areas. Because Peninsula Four, The Plaza is a standard freehold residential development, not a hotel-branded or serviced-apartment building, short-term letting is possible subject to the normal Dubai Department of Economy and Tourism holiday home permit process: see Royale Stays' holiday home permit guide for the full process.
Royale Stays does not currently have booking data specific to Peninsula Four, The Plaza to draw on, and no dedicated short-term-rental aggregator listing for this exact building was found during research, so this guide does not present a building-specific income figure it cannot support. 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%. Owners ready to move forward can submit their property directly.
Income context reviewed by Chris Veinbaums, DTCM-licensed operator.
Questions