Peninsula Phase 3 By Select Group in Business Bay
Peninsula Phase 3 By Select Group · Business Bay, Dubai
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Launch Price
AED 1.25M
Property Type
Apartment
Bedrooms
Studio, 1 - 2 Beds
Payment Plan
5/45/50
Handover
TBC
Projected Yield
4.8 to 6.6%
With studio, 1 - 2 beds layouts and a starting price of AED 1.25M, Peninsula Phase 3 By Select Group enters the Business Bay off-plan market. The payment plan is 5/45/50, with instalments spread from booking through construction to handover. Gross rental yield is projected 4.8 to 6.6% annually, supported by persistent demand from professionals and high-income residents in this part of Dubai. MonthlyDubai can match you with Peninsula Phase 3 By Select Group and similar projects across Dubai based on your monthly instalment. Free, no agency fees.
Payment Plan Breakdown
From AED 19,379/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 5% | AED 62,445 Due on signing SPA |
|
| During Construction | 45% | AED 19,379/mo 29 monthly instalments |
|
| On Handover | 50% | AED 624,450 Due at TBC |
|
| Total | AED 1,248,900 | ||
On Booking
5%
AED 62,445
Due on signing SPA
During Construction
45%
AED 19,379/mo
29 monthly instalments
On Handover
50%
AED 624,450
Due at TBC
Total
100%
AED 1,248,900
Questions about Peninsula Phase 3 By Select Group
What payment plan does Peninsula Phase 3 By Select Group offer?
Peninsula Phase 3 By Select Group uses a 5/45/50 payment plan. Buyers pay 5% at booking, with the remaining spread across construction and handover in TBC.
Can I buy this project without a mortgage?
Yes. Dubai off-plan developer payment plans do not require bank approval or a mortgage. You pay instalments directly to the developer on a fixed schedule through to handover.
Is this project registered with RERA?
MonthlyDubai only matches buyers with RERA-registered off-plan projects. All funds are held in government-supervised escrow accounts and released only as construction milestones are verified.
How do I find out if this fits my monthly budget?
Use the form on this page. Enter your monthly instalment capacity and WhatsApp number, and the MonthlyDubai team will confirm whether Peninsula Phase 3 By Select Group fits your budget and send you comparable alternatives.
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