Off-plan properties
1-r. secondary flat, 990 ft²
in Peninsula Four
598 400 $
604 $/ft²
990 ft²
/ floor
Dubai (United Arab Emirates), Business Bay
Peninsula Four
Delivered, 3rd 1970
Developer: Select Group
Description
-
1-Bedroom Apartment 993 sq.ft (92 m²) in Peninsula Four, Business Bay.
Offered for sale is a 1-bedroom apartment in the Peninsula Four residential complex, located in the central business district of Business Bay. The property is ready for occupancy and is being sold below the original price as a distress deal, which is of interest to investors focused on a quick transaction with favorable terms.
The apartment area is 993 sq.ft (92 m²). The high-floor location provides panoramic city views. The functional layout and location in a prestigious district make the property attractive both for living and for rental.
Unit Features:
— 1-bedroom apartment;
— Area 993 sq.ft (92 m²);
— Unfurnished;
— High floor with city view;
— Ready property, available for occupancy;
— Distress deal — price below original cost.
Complex Amenities:
— Outdoor swimming pool;
— Modern fitness center;
— Children's playground;
— BBQ and recreation area;
— 24-hour security and concierge service;
— Underground parking.
Architecture & Concept:
Peninsula Four is a modern residential complex with quality finishes and well-planned infrastructure. The tower is designed in a contemporary architectural style with spacious balconies and panoramic glazing.
About the Developer:
Select Group is one of Dubai's leading developers with a portfolio of premium projects, known for quality execution and timely delivery of properties.
Location & Benefits:
— Business Bay district — the center of Dubai's business activity;
— 5 minutes to Dubai Mall and Burj Khalifa;
— Walking distance to Business Bay metro;
— Close to Sheikh Zayed Road and Dubai Water Canal;
— Well-developed district infrastructure with restaurants, offices and shopping centers;
— High rental demand due to proximity to the business center.
Investment Attractiveness:
— High liquidity thanks to the Business Bay location;
— Stable rental demand from working professionals and expats;
— Distress deal provides an opportunity to purchase at a favorable price;
— Rental yield at the level of 7–9% per annum;
— Potential for value growth in the medium term.
Frequently Asked Questions:
What does distress deal format mean?
— This is an urgent sale at a below-market price, which allows the buyer to obtain favorable terms with a quick deal closure.
How in-demand is rental in Business Bay?
— The district is characterized by high demand due to proximity to the business center, developed infrastructure and convenient transport accessibility.
What views open from the high floor?
— From the high floor, panoramic views of the Business Bay cityscape and central districts of Dubai open up.
Is mortgage available for purchasing ready property?
— Yes, UAE banks provide mortgage financing to residents and non-residents for ready properties.
Contact me to receive additional information, current terms and floor plans for Peninsula Four.
Characteristics
Property type
Secondary flat
Building type
Monolith frame
Rooms
1
Number of owners
1
Restrooms
1
Area
990 ft²
Ceiling height
2.20 m
Furniture
No
Finishing
Cosmetic repair
Completion date
3rd 2026
House type
Monolith frame
Window view
Road
Parking
Under ground
Apartments
Yes
Amenities
Passenger elevator, swimming pool
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Property typeSecondary flatBuilding typeMonolith frameRooms1Number of owners1Restrooms1Area990 ft²Ceiling height2.20 mFurnitureNoFinishingCosmetic repairCompletion date3rd 2026House typeMonolith frameWindow viewRoadParkingUnder groundApartmentsYesAmenitiesPassenger elevator, swimming pool
Purchase conditions
Installment
No
Encumbrance
No
Assignation
No
Proprietorship
Owner
Location
Developer
Select Group
Address
Dubai (United Arab Emirates), Business Bay
598 400 $
604 $/ft²
990 ft²
Anton Pimenov
Object broker
Contact
information
information
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