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 - HIGH FLOOR — distress deal in Business Bay from Mitchell's Commercial Real EstatePENINSULA 4 THE PLAZA B - HIGH FLOOR · Business Bay1 / 2

Select Group · Business Bay

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

Asking price as listedAED 7,150,000,AED 2,660 per sq.ft
Original price + DLDAED 8,008,000
DiscountAED 858,00010.7% 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 28 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 28 September 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.

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The numbers

Payment breakdown

Total cost for buyer, as listedAED 7,612,970The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 7,150,000
Fees and commissionAED 462,970
At transferDue at transferAED 7,612,970Payable when the unit transfers to the buyer.
  • Payment to sellerAED 7,150,000
  • DLD Transfer fee (4% of OP + 40 AED)AED 308,040
  • Trustee Office FeeAED 4,200
  • Buyer's Agency Commission (2% + VAT)AED 150,150
  • Title Deed FeeAED 580
  • Total on transferAED 7,612,970

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Unit details

Property type
Apartment
Floor
High
View
Full Burj, Skyline
Balcony
Yes — corner unit
Handover
Ready

Layout

Floor plan

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

Floor plan

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

Distress Deal

PROJECT DESCRIPTION

OVERVIEW

This four-bedroom corner apartment in Peninsula 4, The Plaza B, Business Bay, is offered at AED 7,150,000. The original price plus the 4% DLD fee was AED 8,008,000, so the asking price sits AED 858,000, or 10.7%, below original price. The apartment measures 2,688 sq.ft of built-up area, which gives AED 2,660 per sq.ft on BUA. It occupies a high floor band with a full Burj Khalifa and skyline view, and it is a corner unit with a balcony. The developer is Select Group. The building is complete and the unit is ready. A personal viewing is not possible before purchase.

At transfer the buyer pays AED 7,612,970. Of that, AED 7,150,000 goes to the seller, AED 308,040 is the DLD transfer fee, AED 4,200 is the trustee office fee, AED 150,150 is the buyer's agency commission and AED 580 is the title deed fee. There is no developer balance and no payment plan to service, so the transfer figure is the total cost to the buyer.

LOCATION & TRANSPORT

Peninsula sits on the bend of the Dubai Water Canal at the southern edge of Business Bay, immediately south of Downtown Dubai. Sheikh Zayed Road runs along the district's western edge and Al Khail Road along the eastern, so both of the city's principal north-south routes are close at hand. Business Bay station, on the Metro Red Line, serves the district, and the canal promenade with its water taxi points runs the length of the waterfront. Downtown Dubai, the Burj Khalifa and the Dubai Mall are minutes away by road rather than a planned outing, which matches the high-floor Burj and skyline view this unit carries. Dubai International Airport is around twenty minutes by road, and Dubai Marina about twenty-five. For a tenant commuting to Downtown, Business Bay or DIFC, the same roads and the metro serve the journey directly.

AMENITIES & SURROUNDING

Peninsula is a multi-tower development arranged around a central plaza, with retail and dining across the podium levels and a landscaped canal promenade along the water frontage. Business Bay is an established district, and its supermarkets, clinics, schools and restaurants are already open and trading. This unit is a corner apartment on a high floor with a full Burj Khalifa aspect and its own balcony, in a four-bedroom layout across 2,688 sq.ft. The tower itself is complete and its facilities are in place, though this particular unit cannot be inspected in person before an offer is made. For the building's facility schedule, the service charge position and the floor plan, please contact us.

MARKET

The 10.7% reduction is measured against the original price plus the 4% DLD registration fee, the original launch basis rather than a current market benchmark. It compares the asking figure with the first buyer's commitment at launch rather than with what comparable units in the tower are transacting at today. At AED 2,660 per sq.ft on built-up area, the entry basis sits against a four-bedroom corner floorplate with a full Burj aspect on a high floor. Because the asking price sits below the original price ex-DLD, the transfer fee is calculated on the original price rather than the asking price, which sets the DLD transfer fee at AED 308,040. The unit is titled and complete, so the buyer pays once at transfer, with nothing outstanding to a developer and no construction risk to underwrite. The branded scale of Peninsula's own podium, with its retail, dining and canal frontage, gives the building a wider base of amenity than a single tower would carry alone.

CONCLUSION

This suits a buyer who wants a large, high-floor, Burj-facing corner apartment in a completed Business Bay tower, and who is comfortable committing without a personal viewing beforehand. 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 858,000 reduction is measured against the original launch price rather than current resale evidence in the same building, and we will set out 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 - HIGH FLOOR — Business Bay, Dubai

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Illustrative model

Scenario modeller

Set your own assumptions and see how DISTRESS DEAL: 4-BR IN PENINSULA 4 THE PLAZA B - HIGH FLOOR 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.

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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.

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