A new project from Select Group in the bustling but tranquil central Business Bay area. The scheduled finish of construction is December 2024.
Peninsula Five is a multi-story building, which includes apartments, duplexes and studios. Each type is conceived to maximize the captivating scenery accessible in the Downtown area.
Spacious balconies offer vistas of the famous Burj Khalifa, the sparkling channel panorama and the middle of the metropolis. Huge windows let in lots of light. Duplex apartments have maid's room, equipped with the latest technology kitchens and bathrooms. Residents will have personal concierge services.
The 513-square-foot 1-bedroom apartments are priced at AED 1,220,000 ($333,000), with an annual rental income of AED 57,000 ($15,500). The current trend of the economy presents great advantages for investors with good rental yields and the prospect of long-term equity flow. The developer provides a lucrative payment plan in which:
5% – reserve prepayment.
15% – payable over six months after initial payment
10% – payment within 30 days, sales contract included
10% – three months after the 15%
60% – final payoff at the end of the development.
Luxurious two-storey residences are perfect for families and people looking for the convenience of big houses, who want to dive into the atmosphere of life in the heart of a waterfront residential area, which has all the necessary resources for everyday life and recreation:
– numerous cafes, restaurants
– shopping areas
– gorgeous gardens, parklands
– sports centers, tennis and squash courts, basketball and skate pads.
In a nutshell, this zone would be the epicenter of city life on the promenade of one of the city's fanciest neighborhoods.
