01 February 2022

Select Group, a prominent privately-owned real estate developer, has launched its latest luxurious waterfront development, Peninsula Five, The Signature Collection, centrally located in Dubai’s Business Bay.

Set to be completed in Q4 2024, Peninsula Five represents the launch of ‘The Signature Collection’. Designed to meet the standards of Select Group’s award-wining flagship development, Jumeriah Living Marina Gate, delivered in 2020, Peninsula Five will offer an array of highly refined residences.

Following the successful launch of Peninsula in October 2021, Peninsula Five is the fourth new development to be announced by Select Group within the past 12 months, highlighting the demand for premium waterfront properties in Dubai.

“We are delighted to unveil our plans for Peninsula Five, the first development within ‘The Signature Collection’ by Select Group. Having witnessed the immense appetite for luxurious waterfront residences, we feel the timing is right to introduce our latest range of elevated residences to the market. Peninsula Five allows us to offer buyers a premium level product that is currently missing in Business Bay,” says Rahail Aslam, CEO, Select Group. Peninsula Five will comprise 381 spacious and luxurious units, spread between a 36-storey residential tower and two standalone blocks of premium waterfront duplex residences.

The tower will consist of 321 units, ranging from spacious and sophisticated studios starting at 513 sq ft to three-bedroom ‘semi-penthouses’, which offer 180-degree panoramic views of the iconic Downtown skyline and pristine waterways. The premium duplexes, located directly on the Dubai Canal waterfront, will deliver 60 elegantly designed and fitted residences of up to 4,730 sq ft, ranging from one to four-bedroom units, and give residents access to an unmatched array of upscale health and lifestyle facilities within the development.

Aligned with Peninsula One and Two’s completion date, Select Group will hand over 1,300 units by December 2024 to deliver the first phase of this eagerly anticipated masterplan.  

• Lifestyle destinations on Egyptian horizon
• Damac expands Paramount Hotel chain
• Roshn picks Retal for Riyadh’s Sedra homes
• Select Group launches Peninsula Five
• Sharjah’s Arada buys Palm Jumeirah plot
• GFH spins off Infracorp with $3bn portfolio
• Nakheel unveils 220-unit luxury villa community in Dubai
• RAK Properties starts handover of waterfront community homes
• Al Ghurair Properties seals partnership deal with Siemens

Tags

Oman Roads & Bridges Ceramics & Sanitary Ware MEP Services Just Out Regional News Saudi Focus UAE Focus Events Legally Bound Architecture & Design Real Estate Contractors Interiors Manufacturers & Procurement Tenders TechTalk

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.