Peninsula Four by Ellington – 1-Bedroom Apartment in Business Bay

Peninsula Four is one of Ellington Properties' most prominent residential addresses in Business Bay — Dubai's central business district straddling the Dubai Canal. This one-bedroom apartment offers 860 sq ft of built-up area with a community view, placing the outlook over the neighbourhood's residential fabric rather than a busy arterial road or construction corridor — a distinction that matters for day-to-day liveability.

The asking price is AED 2,400,000, offered directly by the owner, with handover scheduled for Q2 2026. At 860 sq ft, the floor plate is generous relative to the typical one-bedroom footprint available in this part of Business Bay, providing a living area that functions well both as a primary residence and as a future rental asset once keys are handed over.

Ellington Properties has built a consistent reputation across Dubai for design-led residential developments — projects where considered layouts, quality finishes, and resident-scale amenities take precedence over density. Peninsula Four continues that approach within one of Dubai's most strategically connected districts: Business Bay sits directly alongside the Dubai Canal waterfront, with Downtown Dubai and the Sheikh Zayed Road network immediately accessible. Buyers weighing this acquisition against other active launches will find useful context in the 2026 buyer's shortlist of the best areas to purchase off-plan property in Dubai, which benchmarks Business Bay alongside other leading districts.

Business Bay has matured well beyond its origins as a purely commercial zone. Today it operates as a mixed-use district where residential demand is anchored by proximity to major employment hubs, the Canal promenade, and a growing retail and hospitality layer. For buyers who want to understand how demand drivers translate into real transaction outcomes within the district, the Business Bay cap-rate case study offers a data-grounded look at how returns have materialised — noting that residential and commercial dynamics differ, but the district-level demand fundamentals are shared.

A note on available data: bathroom count and full amenity specifications for this apartment are [DATA NEEDED] — prospective buyers should request the floor plan and handover specification sheet from the owner before proceeding. Freehold status and service charge figures are similarly [DATA NEEDED] and should be verified against DLD records or directly with Ellington Properties. For a fuller picture of what living and investing in this district involves — infrastructure, transport links, lifestyle, and community composition — the Business Bay community guide covers these dimensions in detail. Additional off-plan options currently active across Dubai are listed in the off-plan projects directory.