Urgent Sale | Ready & Rented | 1 BR in Peninsula One

Overview of the deal

This is a resale of a completed one-bedroom apartment in Peninsula One, a Select Group building in Business Bay. The owner is asking AED 1,600,000. It is already tenanted at AED 110,000 a year, so it fits someone who wants to buy property in Dubai with a tenant in place.

The owner has marked it as an urgent sale but gives no original price or discount, so no below-market claim is made here. Among ready properties Dubai buyers can act on quickly, the appeal is a known unit, a known rent and a full cost sheet.

The unit

• Type: one-bedroom apartment

• Size: 632 sq ft

• Floor: between 25 and 35

• View: canal

• Balcony: yes

• Status: ready and tenanted

For anyone searching for a 1 bedroom apartment Dubai landlords can hold without a vacancy gap at purchase, the tenancy is the defining feature. The owner's note pairs the rented status with the date December 2026. What that date refers to, for example the end of the current lease, should be confirmed at enquiry together with the tenancy contract and its Ejari registration.

The building and community

Peninsula One carries the name of Select Group's Peninsula community, which the developer lists among its best-known work alongside Marina Gate and Six Senses Residences The Palm.

Business Bay apartments are bought by owner-occupiers and landlords alike; this one suits the second group for now, and viewings will be arranged around the tenant. No amenity list was supplied, so facilities such as a pool, gym and parking should be checked rather than assumed.

Price, discount and payment position

The asking price is AED 1,600,000, paid to the seller in full on transfer. No developer instalments remain. The owner's cost sheet for a buyer is:

• Payment to seller: AED 1,600,000

• DLD transfer fee (4% + AED 40): AED 64,040

• Trustee office fee: AED 4,200

• Buyer's agency commission (2% + VAT): AED 33,600

• Title deed fee: AED 580

• Total cost for the buyer: AED 1,702,420

These figures come from the owner and should be verified at enquiry, as price, tenancy and availability can change before this page is updated.

Why this deal and for whom

The deal suits a buyer focused on Dubai property investment who prefers a finished, tenanted unit to a construction timeline. The rent of AED 110,000 a year is a current figure, not a projection. It is not a promise of future income either: renewals, vacancies and service charges all affect what an owner keeps.

It suits someone who needs to move in soon far less, since a sitting tenant's rights continue after a sale. Buyers comparing apartments for sale in Dubai should weigh that against having rent arriving from the first month.

What happens next

Like any Dubai real estate resale, this one closes only as fast as its documents allow.

• Contact us to confirm the unit is still available and the price is unchanged.

• Review the title deed, tenancy contract, Ejari and service charge position.

• Agree terms and sign the sale agreement with the seller.

• Obtain the developer's no objection certificate.

• Complete the transfer at a trustee office, paying the fees listed above.

As the real estate agency Dubai buyers contact for this unit, Mahboob Estate checks the current status with the owner before any deposit is discussed. We can also set it beside other properties for sale in Dubai that match your budget.

FAQ

Is the apartment vacant?

No. It is tenanted at AED 110,000 a year, and an existing lease generally continues after a sale, with the buyer taking over as landlord. Confirm the lease terms and end date at enquiry.

Is this priced below market?

The owner has not supplied an original price or a discount, so no below-market claim is made. The asking price is AED 1,600,000.

What will I pay in total?

The owner's sheet puts the total at AED 1,702,420, including the price, all transfer fees and the agency commission.