Peninsula Five - 3 rents
- 134 new leases and 51 renewals in 12 months
- Business Bay
- near Business Bay Metro Station
A one-bed here leases for about AED 134,000 a year, 39% above the typical Business Bay one-bed.
1 bed · typical new lease
134,000AEDa year
AED 165/sqft · -0.7% on a year
- A month, roughly
- AED 11,167
- Renewal
- AED 135,000
- vs Business Bay 1 bed
- 39% above the median
- New leases, 12 months
- 48
What should a lease in Peninsula Five - 3 cost?A one-bed leases for about AED 134,000 a year
Median annual rent, AED a year, on Ejari leases starting in the 12 months to 12 Oct 2026. Renewal is blank where too few were registered; “typical” is the Business Bay median for the type.
Ask an agent about this rent →Rent history and contracts
Every contract registered with Ejari — data to 2026-10-12.
A one-bed here now costs 0.7% less than a year earlier: AED 134,000 against 135,000.
Chart data, 1 bed: 2025, AED 135,000; latest, 2026, AED 130,000; peak, 2025, AED 135,000.
The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.
About Peninsula Five - 3An apartment building in Business Bay, an 8-minute drive from DIFC
Peninsula Five - 3 is an apartment building completed in 2024 by Select Global in Business Bay. 185 yearly leases, new and renewed, were registered with Ejari in the last 12 months.
The building, as registered
- Master developer
- Select Global
Drive times · typical
- Downtown
- 10 min · 3.1 km
- DXB Airport
- 16 min · 15 km
- DIFC
- 8 min · 6.4 km
- Dubai Marina
- 20 min · 20 km
- Palm Jumeirah
- 26 min · 25 km
Nearest, as registered
- Metro
- Business Bay Metro Station
- Mall
- Dubai Mall
- Landmark
- Downtown Dubai
Letting a unit in Peninsula Five - 3?What letting a one-bed here earns
- Short-let instead, one-bed
- AED 743
- a night on Airbnb; nets 1.1× the yearly rent at 70% occupancy, after fees, cleaning and utilities
Ejari leases to 12 Oct 2026 · Airbnb asking rates for the next 12 months; occupancy is an assumption, not a measurement
Thinking of selling? Peninsula Five - 3 sale prices →Comparables in Business Bay
Every Business Bay building with a page, ranked by annual rent per sqft over the same 12 months, all unit types. Peninsula Five - 3 places 8th of 100; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Peninsula Five - 3.
At 1 bed, Peninsula Five - 3 ranks 5th of 91 by rent per square foot and 54th of 76 by gross yield in Business Bay.
Market context in Business Bay
Registered sales activity
2,705 ready apartment sales in the 12 months to 2026-10-12.
+5.4% in median AED/sqft versus the preceding year, supported by 2,705 current and 3,581 prior price observations.
Explore sales activityPlanned apartment projects
10,312 known registered units across 12 pending projects planned within one year of the 2026-07-06 register.
10 projects had already passed their planned date; 6 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
11,591 apartments are planned in Business Bay from 2026 to 2028, equal to 64% of the 18,176 homes let there today.
Ready prices per sqft fell in 50% of 131 buildings (counted once per bedroom type) in Business Bay with sales in both years; the typical one moved −0.1%.
The pooled median moved +5.4%: 5.5 points more than the typical building, because different buildings traded in each year.
New-lease rents fell in 79% of 124 buildings (counted once per bedroom type) with leases in both years; the typical one moved −5.6%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
The Peninsula Five towers
3 towers in Peninsula Five, at the bedroom type above.
Ejari files Peninsula Five’s leases under the project, not a tower, so every tower share one rent: the project figure above, counted once. Prices are each tower’s own registered sales.
Business Bay: every development at this typeBusiness Bay: every development at this type
Medians of registered sales and new Ejari leases in the 12 months to 12 Oct 2026, pooled across each development’s towers at 1 bed. A median needs 3 rows; a dash with a count means fewer.
More from Select Global
Peninsula Three
Business Bay · 441 contracts, 12 months
100,000
AED a year median · 162/sqft
Peninsula One
Business Bay · 335 contracts, 12 months
117,684
AED a year median · 183/sqft
Studio One
Dubai Marina · 198 contracts, 12 months
80,000
AED a year median · 140/sqft
The Residence at Marina Gate 2
Dubai Marina · 180 contracts, 12 months
150,000
AED a year median · 162/sqft
Nearby in Business Bay
Prices per sq ft around Peninsula Five - 3, on the mapPrices per sq ft around Peninsula Five - 3, on the map
Peninsula Five - 2
Business Bay · 134 contracts, 12 months
135,000
AED a year median · 165/sqft
Peninsula Five - 1
Business Bay · 134 contracts, 12 months
135,000
AED a year median · 165/sqft
Peninsula Three
Business Bay · 441 contracts, 12 months
100,000
AED a year median · 162/sqft
Prive by DAMAC (A)
Business Bay · 438 contracts, 12 months
75,000
AED a year median · 147/sqft
Ask about Peninsula Five - 3
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We reply by phone, WhatsApp or email, and put you in touch with a licensed agent.
Common questions
- What is the registered annual rent for a 1 bedroom in Peninsula Five - 3?
- The median new annual rent is AED 134,000, from 48 Ejari contracts in the trailing 12 months to 2026-10-12. These contracts cover the project, not this tower alone. Compare the same bedroom type; floor, view and condition can change an individual rent.
- Have registered rents in Peninsula Five - 3 risen or fallen?
- The median new annual rent changed -0.7% in the trailing 12 months against the previous 12, using 48 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.
- How many apartments change hands in Peninsula Five - 3?
- 24 sales were registered with the Dubai Land Department in the last 12 months, alongside 48 Ejari rental contracts. Every median on this page rests on those counts.
- Which metro station is closest to Peninsula Five - 3?
- Business Bay Metro Station, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Dubai Mall.
- What is the rental yield in Peninsula Five - 3?
- Peninsula Five - 3 returns 6.2% gross: a median new-contract rent of AED 134,000 a year (48 Ejari contracts in 12 months) over a price benchmark of AED 2.17M (median of 24 sales in the last 12 months, latest Oct 2026), before service charge, agency fees or vacant months.
For agents
Send this page to a client as a branded report
Peninsula Five - 3 rental record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 48 registered rental contracts in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
- Canonical record
- /rent/apartments/dubai/business-bay/peninsula-five-3
Cite as: Dubai Wealth Index. “Peninsula Five - 3 rents and yield.” Business Bay, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/rent/apartments/dubai/business-bay/peninsula-five-3
Stable dataJSON