Peninsula Three, Business Bay
Peninsula Three is a 49-storey residential tower in Select Group’s Peninsula masterplan on the Dubai Canal in Business Bay, completed in 2025 with 849 units. Royale Stays manages the setup, pricing and guest side of listing a unit here for a fee starting from 15%.
Storeys
49
Developer
Select Group
Completed
2025
Units
849
Ownership
Freehold
About Peninsula Three
Peninsula Three is a 49-storey residential tower in Select Group's Peninsula masterplan on the Dubai Canal in Business Bay, completed in 2025. The building holds 849 units, primarily studios, one-bedroom and two-bedroom apartments, with sizes running from around 339 square feet for the smallest studios up to roughly 949 square feet for two-bedroom layouts. It is one of several numbered Peninsula towers Select Group has developed along this stretch of the canal, alongside already-live Royale Stays guides for Peninsula One and Peninsula Five.
Worth knowing if you are researching the wider Peninsula development: the numbered marketing names do not always match the project's internal phase order exactly, so Peninsula Three, Peninsula One and Peninsula Five are genuinely separate, freestanding towers rather than sections of one building.
Location & Amenities
Peninsula Three is also joined by Canal Bay by NED, another Dubai Canal-front Business Bay tower Royale Stays has covered separately, and Hamilton Residency, another Business Bay tower Royale Stays covers.
Peninsula Three sits directly on the Dubai Canal in an arts-focused pocket of Business Bay, with views toward the Burj Khalifa and the Arabian Gulf from upper floors. On-site amenities include leisure lawn areas, basketball and padel courts, a skate park, a children's play area, food and beverage pavilions, a running and walking track, shared swimming pools, a spa, and 24-hour security and concierge service. Peninsula Three joins Royale Stays' wider Business Bay Building Guide cluster alongside Avanti Tower, another Business Bay tower Royale Stays covers. For a wider view of the area's short-term rental market, see Royale Stays' Airbnb management guide for Business Bay.
Market Activity
Peninsula Three is fully completed and actively traded on the resale market, with individually-owned freehold units regularly listed across the major Dubai property portals. Royale Stays has not independently verified a building-specific rental or income figure for Peninsula Three at this time.
Airbnb / Short-Term Rental Income Potential
Peninsula Three's freehold status and studio-to-two-bedroom unit mix put it squarely within the kind of property Royale Stays' Airbnb management services are built for: furnishing, photography, dynamic pricing, guest communications, check-in and maintenance coordination, all handled from a management fee starting at 15%. Owners considering a Peninsula Three apartment for short-term letting can get a free property assessment by submitting their property directly.
Because Peninsula Three is a standard freehold residential tower rather than a hotel-branded property, holiday-home permitting follows the normal Dubai Department of Economy and Tourism route: see Royale Stays' holiday home permit guide for the full process.
Income context reviewed by Chris Veinbaums, DTCM-licensed operator.
Questions