Distress Deal | Fully Furnished Studio for Sale in Peninsula One, Business Bay, Dubai | AED 1,050,000

Vacant Furnished Studio | 420 Sqft | Peninsula One by Select Group, Business Bay — AED 1,050,000 (AED 200,000 Below Market)

A motivated seller presents this distress opportunity in Peninsula One, one of Business Bay’s most iconic waterfront developments by Select Group. The unit is a fully furnished, vacant studio apartment spanning 420 sqft (39 sqm) — offered at AED 1,050,000, which is AED 200,000 below the current market price of AED 1,250,000. With immediate vacant possession, this is an exceptional entry point for investors seeking instant rental income or end-users looking for a premium, move-in-ready address in the heart of Dubai’s most active business and lifestyle district. Fully furnished units in Peninsula One at this price point represent outstanding value in a submarket known for its strong short-term and long-term rental demand.

Property Highlights

• Project: Peninsula One
• Developer: Select Group
• Community: Business Bay, Dubai, UAE
• Property Type: Studio Apartment
• Bedrooms: Studio
• Bathrooms: Available on request
• Size: 420 sqft / 39 sqm
• Floor Level: Available on request
• View: Available on request
• Parking: Available on request
• Furnishing: Fully Furnished
• Occupancy: Vacant — immediate possession
• Status: Distress Sale — Ready
• Market Price: AED 1,250,000
• Distress Asking Price: AED 1,050,000
• Saving: AED 200,000 below market price
• Ownership: Freehold — open to all nationalities

About Peninsula One — Business Bay, Dubai

Peninsula One is the first phase of the landmark Peninsula master development by Select Group, positioned on a prime waterfront plot along the Dubai Canal in Business Bay. The Peninsula collection has established itself as one of the most recognised and traded addresses in Business Bay, combining contemporary architecture with direct canal access, a vibrant ground-floor retail and F&B offering, and a resort-style amenity podium. Select Group is one of the UAE’s most respected private developers, with a consistent track record of delivering high-quality residential and mixed-use projects across Dubai and internationally. Peninsula One’s location on the canal puts residents steps from the waterfront promenade and within minutes of both Downtown Dubai and DIFC.

Community & Lifestyle

• Positioned on the Dubai Canal waterfront — one of Dubai’s most dynamic urban water features
• Part of the prestigious Peninsula master development by Select Group — a landmark Business Bay address
• Walking distance to the Dubai Canal Promenade — retail, dining, cycling, and jogging on the water’s edge
• Minutes from Downtown Dubai, Burj Khalifa, and The Dubai Mall
• Adjacent to DIFC — one of the world’s leading financial centres, a major corporate tenant generator
• Vibrant ground-floor retail and F&B within the Peninsula development itself
• Access to Business Bay Metro Station (Red Line) for seamless city connectivity
• Target audience: investors seeking strong short-term and long-term rental returns, young professionals, and corporate tenants working in Business Bay and DIFC

Amenities

• Resort-style outdoor swimming pool and sun deck with canal/community views
• Fully equipped gymnasium and fitness facilities
• Children’s pool and play area
• Landscaped podium deck with outdoor seating and BBQ areas
• Ground-floor retail, cafés, and restaurants within the Peninsula development
• 24-hour security, concierge, and building management
• High-speed elevators
• Covered parking (availability on request)
• Direct access to Dubai Canal Promenade
• Business Bay Metro Station (short walk)

Layout & Floor Plan

This fully furnished studio in Peninsula One spans 420 sqft (39 sqm) — a well-proportioned, intelligently designed unit that maximises every square foot. The layout typically features a combined living and sleeping area with built-in or fitted furniture, a fully fitted kitchen, a bathroom, and a balcony or terrace. As a furnished unit, all fixtures, fittings, and furniture are included in the sale — the apartment is genuinely move-in and rent-out ready from the day of transfer. The exact unit number, floor level, view, and detailed floor plan for this studio in Peninsula One, Business Bay are available on request.

Payment & Handover

This is a ready, vacant, fully furnished distress resale. The property is available for immediate transfer and possession. Standard Dubai property transfer costs apply: Dubai Land Department (DLD) transfer fee of 4% of the purchase price (approximately AED 42,000), a standard brokerage commission of 2% (approximately AED 21,000), and an applicable NOC processing fee. As a fully furnished ready unit, there are no additional fit-out or furnishing costs — the buyer’s total outlay is the purchase price plus transaction costs. A complete transaction cost sheet for this specific unit is available on request. Mortgage financing may be available for qualified buyers — referrals to preferred UAE lenders are available upon request.

Location & Connectivity

• Dubai Canal Promenade: Immediate access — on the waterfront
• DIFC (Dubai International Financial Centre): Approximately 5 minutes by car
• Downtown Dubai / Burj Khalifa: Approximately 5–10 minutes by car or 15–20 minutes on foot via the canal
• The Dubai Mall: Approximately 5–10 minutes by car
• Business Bay Metro Station (Red Line): Approximately 5–8 minutes on foot
• Dubai International Airport (DXB): Approximately 15–20 minutes by car
• Dubai Marina: Approximately 20–25 minutes by car
• Mall of the Emirates: Approximately 15–20 minutes by car
• Al Khail Road (E44) and Sheikh Zayed Road (E11): Both within immediate reach for city-wide connectivity

Why Invest in Peninsula One / Business Bay

• AED 200,000 below market price: Immediate unrealised equity of AED 200,000 from the moment of purchase — one of the strongest entry discounts in the current Business Bay market
• Fully furnished — zero additional spend: The unit is move-in and rent-out ready with no furnishing, fit-out, or setup costs, allowing rental income to begin from day one
• Vacant possession: No tenancy to manage, no waiting period — immediate flexibility for the buyer to occupy, lease short-term, or lease long-term from day one
• Select Group pedigree: Peninsula by Select Group is one of the most consistently in-demand and actively traded projects in Business Bay, supporting strong liquidity and resale values
• Short-term rental premium: Fully furnished studios in Peninsula One on the Dubai Canal command premium nightly rates on holiday home platforms, driven by their canal location, downtown proximity, and resort amenities
• Business Bay & DIFC demand: The combined workforce of Business Bay and DIFC — totalling hundreds of thousands of professionals — creates a deep, sustained pool of corporate and professional tenants within walking or cycling distance
• Canal waterfront scarcity: Direct Dubai Canal-facing residential inventory is finite and diminishing — supply constraints provide a structural floor on values
• Freehold ownership: Open to all nationalities; at AED 1,050,000 this unit is below the standard UAE Golden Visa investment threshold — buyers should confirm current eligibility requirements with a UAE immigration advisor

Frequently Asked Questions (FAQs)