Peninsula Two by Ellington | 1-Bedroom Apartment in Business Bay, Dubai

This 1-bedroom apartment in Peninsula Two, developed by Ellington Properties, occupies one of Business Bay's most closely followed residential addresses. The apartment spans 620 sq ft of built-up area, is listed at AED 1,990,000, and is offered direct from the owner — with handover approaching imminently.

The apartment carries a community view, framing the internal greenery and activity of the Peninsula master plan rather than a canal-facing or skyline-facing outlook. For buyers who p, inward-facing aspect — and who recognise that community-view configurations typically price below equivalent canal-view units in the same building — this represents a considered entry point into the Business Bay residential market. The listing source is direct from the owner, placing this outside the original developer's sales channel at the resale stage.

About the location: Business Bay is Dubai's central mixed-use district, bordered by the Dubai Canal and immediately adjacent to Downtown Dubai. The neighbourhood has matured from a primarily commercial address into one of the city's most active mid-to-luxury residential corridors, supported by an established network of retail, dining, and public transport infrastructure. To understand the full residential profile — including connectivity, canal-side amenities, and the character of different sub-clusters — visit the Business Bay area guide, which covers the neighbourhood in depth for both end-users and investors.

About the developer: Ellington Properties has built a consistent reputation in Dubai for design-led boutique residential buildings. Peninsula Two forms part of the larger Peninsula cluster within Business Bay — a phased master community that has drawn sustained buyer interest across its release phases. Investors evaluating Business Bay as an asset class can read the on-site Business Bay cap-rate case study for data-backed performance context. Buyers weighing this apartment against other near-handover and off-plan opportunities across Dubai may also find the 2026 buyer's shortlist of the best areas to buy off-plan property in Dubai a useful comparing districts, phasing, and pricing.

Key details at a glance:

• Development: Peninsula Two by Ellington
• Location: Business Bay, Dubai
• Configuration: 1 Bedroom
• Built-up Area: 620 sq ft
• View: Community View
• Asking Price: AED 1,990,000
• Status: Handover Soon
• Listing Source: Direct – Owner
• Bathrooms: [DATA NEEDED]
• Payment Plan: [DATA NEEDED]

Buyers comparing this apartment against other active listings can browse the full live property inventory or explore the off-plan projects section to review alternative developments across Dubai's key residential corridors.