Palm Jumeirah AED 3,558/sqftDubai Maritime City AED 3,148/sqftDowntown Dubai AED 2,920/sqftDubai Islands AED 2,769/sqftDubai Creek Harbour AED 2,564/sqftBusiness Bay AED 2,511/sqftDubai Marina AED 2,484/sqftDubai Hills Estate AED 2,446/sqftJumeirah Lakes Towers AED 2,304/sqftMohammed Bin Rashid City AED 2,098/sqftAl Jaddaf AED 2,048/sqftJumeirah Village Triangle AED 1,664/sqftDubai South AED 1,651/sqftArjan AED 1,588/sqftJumeirah Village Circle AED 1,492/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm Jumeirah AED 3,558/sqftDubai Maritime City AED 3,148/sqftDowntown Dubai AED 2,920/sqftDubai Islands AED 2,769/sqftDubai Creek Harbour AED 2,564/sqftBusiness Bay AED 2,511/sqftDubai Marina AED 2,484/sqftDubai Hills Estate AED 2,446/sqftJumeirah Lakes Towers AED 2,304/sqftMohammed Bin Rashid City AED 2,098/sqftAl Jaddaf AED 2,048/sqftJumeirah Village Triangle AED 1,664/sqftDubai South AED 1,651/sqftArjan AED 1,588/sqftJumeirah Village Circle AED 1,492/sqftDubai Sports City AED 1,328/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO OCT 2026
SoldDISTRESS DEAL: 4-BR IN PENINSULA 4 THE PLAZA B — distress deal in Business Bay from Mitchell's Commercial Real EstatePENINSULA 4 THE PLAZA B · Business Bay1 / 5

Select Group · Business Bay

DISTRESS DEAL: 4-BR IN PENINSULA 4 THE PLAZA B

Asking price as listedAED 6,700,000AED 2,493 per sq.ft
Original price + DLDAED 8,008,000
DiscountAED 1,308,00016.3% below original price
Unit
4-BR
Size
2,688 sq.ft
Developer
Select Group

The discount is measured against the original price + DLD recorded for this unit, not against a valuation.

Sold
Listed 13 September 2026Status confirmed 17 September 2026

This unit has sold. The page is kept as a record of a deal we transacted. Every figure on it — the asking price, the discount to original price and the payment schedule — is the position as listed on 13 September 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.

Looking for another distressed property deal?

This unit has sold. Tell us the size, area and budget you're working to and a member of the Mitchell's team will come back with the stock that currently matches. It takes under a minute, and there's no obligation.

Choose one — the next questions adapt to your answer.

On this page

Quick navigation

The unit

Unit details

Property type
Apartment
Floor
(40-48)
View
Full Burj View, Skyline
Balcony
Yes — corner unit
Handover
Ready

Layout

Floor plan

Floor plan for DISTRESS DEAL: 4-BR IN PENINSULA 4 THE PLAZA BFloor planView full size

Floor plan

Floor plan for DISTRESS DEAL: 4-BR IN PENINSULA 4 THE PLAZA B

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This four-bedroom corner apartment in Peninsula 4, The Plaza B, Business Bay, is offered at AED 6,700,000. The source records an original price plus the 4% DLD fee of AED 8,008,000, so the asking figure sits AED 1,308,000, or 16.3%, below original price. The apartment measures 2,688 sq.ft of built-up area, giving an entry basis of AED 2,493 per sq.ft on that built-up area. It occupies the fortieth to forty-eighth floor band with a full Burj Khalifa and skyline aspect, and carries a balcony. The developer is Select Group. The building is complete and the unit is stated as ready: the source photographs show it unfurnished and unoccupied, with bare floors and protective film still in place.

LOCATION & TRANSPORT

Peninsula occupies the bend of the Dubai Water Canal at the southern edge of Business Bay, on the peninsula of land the canal wraps before it turns west towards the sea. Business Bay sits immediately south of Downtown Dubai, so the Burj Khalifa, the Dubai Mall and the Dubai Opera district are the nearest destinations rather than distant ones, and the tower's upper floors face them directly. Sheikh Zayed Road runs along the western edge and Al Khail Road along the eastern, giving the district both of the city's principal north-south arteries. Business Bay station on the metro Red Line serves the district, and the canal promenade and water taxi points run along the waterfront below. The source's own location material records Dubai Mall at five minutes, Dubai Design District at ten, Burj Al Arab at fifteen, Dubai International Airport at twenty and Dubai Marina at twenty-five.

AMENITIES & SURROUNDING

Peninsula is a multi-tower master development arranged around a central plaza, with the podium levels given over to retail, dining and landscaped public space, and the canal promenade running along its water frontage. The district around it is mature: Business Bay has been occupied for years, so the supermarkets, clinics, gyms, schools and restaurants are in place and trading rather than scheduled. This apartment is a corner unit on a high floor band with a full Burj Khalifa aspect and its own balcony. Because the building is complete, a viewing is possible, and the finish, the outlook and the common areas can be inspected directly rather than inferred from a render. For the building's full facility schedule, the service charge position and the floor plan, please contact us.

MARKET

The 16.3% reduction is measured against the original price plus the 4% DLD registration fee, the basis the source publishes. That is an original launch basis, not a current market benchmark, and the distinction matters on a completed building: it compares the asking figure with the first buyer's commitment at launch, not with what comparable units in the tower are transacting at today. At AED 2,493 per sq.ft on built-up area the entry basis is set against a four-bedroom corner floorplate with a full Burj aspect. Because the unit is ready and vacant, the buyer takes possession on transfer with no remaining developer instalments, so the cash requirement is the full price plus costs rather than a balance.

CONCLUSION

This suits a buyer who wants a large, high-floor, Burj-facing apartment they can occupy or let immediately, and who would rather inspect a finished unit than commit to a render. The corner floorplate, the 2,688 sq.ft area and the full Burj aspect are the durable attributes, and the ready status removes construction risk. The AED 1,308,000 reduction is the headline figure, but it is measured against the launch price rather than against current resale evidence in the same building, and we will say plainly what comparable units are asking before any offer is made. For the floor plan, the title position, the service charge and current availability, please get in touch.

Location

PENINSULA 4 THE PLAZA B — Business Bay, Dubai

Get Directions

Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 4-BR IN PENINSULA 4 THE PLAZA B behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Purchase

The price you are considering.

Drives the service charge only.

Rent and service charge both start here.

Holding & income

Your figure. We have not assumed one.

0% holds rent flat. It may be negative.

Your figure — we publish none. A month vacant plus re-letting time is roughly 8%, if that fits your building.

Your figure — we publish none. Letting fees and routine repairs.

Your figure — we publish none. Look your building up on Mollak — rates run AED 3 to AED 30+.

Acquisition costs

4% is the Dubai standard.

Buyer-side. 5% VAT added.

Your figure — we publish none. The trustee tariff is tiered and the admin lines vary by office; ask your trustee office for the total, and add your NOC and any legal quote.

Exit

1 to 40 years.

0% by default: we publish no price forecasts.

5% VAT added automatically.

Nothing to calculate yet

Enter the asking price to run the model.

Every figure recalculates as you type. Use the price you are considering.

Method
Handover
The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
Gross yield
Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
Net yield
(Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
Rent growth
Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
ROI
Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
ROE
Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
Cash-on-cash return
Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
IRR
The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.

An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.

Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell's Commercial Real Estate is a trading brand; the RERA-licensed broker is Stephen James Mitchell, BRN 68593.

Got questions?

Get Answers!

Read next

A discounted unit is bought the same way any other is. The questions are just sharper. These are our own guides and articles on buying from overseas, taking on a resale or an off-plan assignment, and what the purchase costs.

The gold rule under an entry is its length, against the longest piece here.

Guides

Articles

Need help?