Select Group's Peninsula Development Reaches $1.9B in Sales

Select Group has announced the completion of off-plan sales for its Peninsula master community development in Dubai's Business Bay, achieving a Gross Development Value (GDV) of AED 7 billion (approximately $1.9 billion). This milestone underscores the strong investor confidence in the project's vision and execution.

A Comprehensive Waterfront Community

Spanning 3.3 million square feet, Peninsula is a mixed-use waterfront development that combines residential, commercial, and lifestyle amenities. The project comprises 3,300 units across seven properties, with Jumeirah Living Business Bay standing as the most premium offering. This 35-storey tower, developed in partnership with Jumeirah Group, features 82 residences ranging from 2,007 to over 12,000 square feet.

Retail and Office Spaces Enhance Community Living

The development includes 122,800 square feet of retail space, featuring a 66,000 square foot mall, and a 217,000 square foot Grade A office tower with 80,000 square feet of leasable space. Retail brands such as Spinneys, Yas Healthcare, Freedom Pizza, and Half Cup have confirmed their presence, contributing to the vibrant community atmosphere.

Phased Handover Schedule

Select Group began the handover process to investors earlier this year with Peninsula Five, The Signature Collection. Peninsula One is scheduled for handover in early July 2025, with Peninsula Two and Peninsula Three to follow in Q4 2025. Jumeirah Living Business Bay is planned for Q1 2026, while Peninsula Four The Plaza is scheduled for mid-2026.

The successful sales and ongoing development of the Peninsula project reflect Select Group's commitment to delivering high-quality, community-focused real estate solutions in Dubai's dynamic market.