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Flat 65 м² in Dubai, UAE (United Arab Emirates)

ID 4OV0T
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Area
65 m²
Bedrooms
1

Description

Flat in Dubai. City - Dubai

ID D1165_PENINSULA_FIVE

Peninsula Five, part of the Signature collection, heralds the arrival of exceptional and exquisite residences in the heart of Business Bay. The 36-story tower offers a wide range of extremely luxurious waterfront residences, both within the residential tower itself and along the promenade. Peninsula Five presents an unparalleled choice of residences, ranging from spacious studios to stunning 4-bedroom duplexes, all of which boast magnificent views of the expansive waterways of the Dubai Canal.

Location Features:

  • EXCELLENT CITY LOCATION
  • BUSINESS CENTER OF THE CITY
  • CLOSE TO MOST MAJOR DUBAI ATTRACTIONS
  • OVERLOOKING THE DUBAI CANAL
  • 5 MINUTES DRIVE TO DUBAI MALL SHOPPING CENTER
  • STUNNING VIEWS OF DOWNTOWN DUBAI
  • EASY ACCESS TO SHEIKH ZAYED ROAD
  • EXCELLENT INFRASTRUCTURE
  • PLETHORA OF EXQUISITE CUISINE RESTAURANTS NEARBY AND WITHIN THE COMPLEX
  • 20 MINUTES DRIVE TO DXB AIRPORT
  • 5 MINUTES DRIVE TO DOWNTOWN DUBAI
  • COSMOPOLITAN LUXURY LIVING IN THE HEART OF DUBAI

Amenities:

  • SWIMMING POOLS
  • TENNIS/SQUASH COURTS
  • RETAIL CENTER
  • ROOFTOP TERRACE
  • RETAIL AND F&B OUTLETS
  • PRIVATE PARK
  • BIKE AND JOGGING TRACKS

Areas and Prices:

  • STUDIO - FROM 47 SQ M TO 50 SQ M. FROM 886,500 AED
  • 1 BEDROOM - FROM 65 SQ M TO 133 SQ M. FROM 1,218,500 AED
  • 2 BEDROOM - FROM 107 SQ M TO 173 SQ M. FROM 2,045,000 AED
  • 3 BEDROOM - FROM 156 SQ M TO 173 SQ M. FROM 3,515,000 AED

Peninsula Five, part of the Signature collection, heralds the arrival of exceptional and exquisite residences in the heart of Business Bay. The 36-story tower offers a wide range of extremely luxurious waterfront residences, both within the residential tower itself and along the promenade. Peninsula Five presents an unparalleled choice of residences, ranging from spacious studios to stunning 4-bedroom duplexes, all of which boast magnificent views of the expansive waterways of the Dubai Canal.

Key Features:

  • A ONE-OF-A-KIND COMMUNITY, THE LARGEST IN BUSINESS BAY!
  • TOWER COMPRISES BOTH RESIDENTIAL APARTMENTS AND WATERFRONT DUPLEXES
  • UNIQUE WATERFRONT LOCATION - BEACH ACCESSIBLE ON FOOT
  • UNOBSTRUCTED 180° WATERFRONT VIEWS
  • CEILING HEIGHT OF 2.9 M
  • DISTINCTIVE FINISHES - MARINA GATE PROJECT IMITATION
  • PREMIUM-CLASS LIVING AMENITIES

Benefits of Buying:

  • RELIABLE DEVELOPER WITH A PROVEN TRACK RECORD
  • AFFORDABLE HIGH-QUALITY LIVING
  • UPON COMPLETION, THE PENINSULA COMPLEXES ONE, TWO, AND FIVE WILL FEATURE A PUBLIC RETAIL CENTER, PROMENADE, F & B OUTLETS, ETC.
  • UNPARALLELED RESIDENTIAL FACILITIES
  • THE PENINSULA COMPLEX OFFERS THE WIDEST RANGE OF OPEN-AIR RECREATIONAL AMENITIES IN BUSINESS BAY
  • POTENTIAL FOR SIGNIFICANT CAPITAL APPRECIATION

PROMOTION: 100% DLD WAIVER (4% DLD WAIVER BY THE DEVELOPER)

PAYMENT PLAN: 40/60 UPON COMPLETION

INVESTMENT YIELD: APPROXIMATELY 5%-6% IN BUSINESS BAY AREA

Developer Information:

Select Group was established in Dubai in 2002 and holds a portfolio across 7 different investment sectors totaling over 17 billion AED and has delivered over 7,000 residential units. The company is involved in both real estate and direct investment in projects in the UAE, Croatia, Germany, and the UK. Among other public projects, Select Group has worked on Six Senses The Palm, Peninsula One and Two, and many more.

Things to Know:

  • SERVICE CHARGE: 14-18 AED PER SQFT
  • DEDICATED PARKING: YES (454 TOTAL PARKING SPACES)
  • RESALE POLICY: NOT AS PER PLAN AFTER 40% PAYMENT. READY PROPERTY - ANYTIME.

Characteristics

Property type
Residential Properties
Number of rooms
1
Object type
Flat
Price
331 817 $
Floor
18

FAQ

How can I get a residence permit by buying property in UAE (United Arab Emirates)?

In UAE (United Arab Emirates) a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Dubai; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Is a mortgage available for non-residents in UAE (United Arab Emirates)?

Banks in UAE (United Arab Emirates) finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

What taxes and fees apply when buying in UAE (United Arab Emirates)?

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

How is the title checked in UAE (United Arab Emirates)?

A title search at the land registry of UAE (United Arab Emirates) takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Can I rent out property after purchase in UAE (United Arab Emirates)?

Yes. Rental income tax is 5–25% depending on the regime. In Dubai short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Is a property inspection recommended before purchase?

Yes. An inspection costs about 0.5–1% of the price (331 817 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

How long does the purchase process take in UAE (United Arab Emirates)?

A typical transaction runs 30–90 days, averaging 45 in Dubai: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

Related sections

Flat with 1 bedroom in Dubai, UAE (United Arab Emirates)