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Sold for AED 2,950,000: 2-Bedroom Apartment in Peninsula Three

Located in Business Bay, Dubai. Its price per sqft is +11% vs the Peninsula Three median (AED 2,683/sqft).

All Business Bay salesPeninsula Three prices

Sale price

AED 2,950,000

Per sqft
AED 2,989
Registered
6 Aug 2026, 12:48 (Dubai)
Peninsula Three, Dubai

01 / Price history

This unit's history

Every registration of this 2-bedroom apartment in Peninsula Three: same layout, exact size (987 sqft) and parking bay B-515. The registry has no unit numbers, so records are matched on these details.

  1. 6 Aug 2026This sale

    987 sqft · AED 2,989/sqft · Ready

    First recordAED 2,950,000

  2. 6 Aug 2026Mortgage

    Same day as previous · 987 sqft · AED 2,270/sqft · Ready

    24%lower than the previous recordAED 2,240,000
Records
2
Registered
Same day
as the mortgage, 6 Aug 2026
Loan to value
76%
AED 2.24M mortgage on the AED 2.95M sale

02 / The property

Property details

Size
987 sqft · 91.69 m²
Bedrooms
2 BR
Registered as
Sale
Property sub-type
Flat
Usage
Residential
Tenure
Freehold
Parking
B-515
Nearest metro
Business Bay Metro Station
Nearest mall
Dubai Mall
Nearest landmark
Downtown Dubai

03 / Comparables

All sales in Peninsula Three (12 Jan 2026 – 12 Oct 2026)

140 market sales, latest 30 shown. Percentages compare each sale with this one.

Filter & sort
Comparable market sales. Change is relative to the selected sale.
Sale recordRecordedValue · AEDAED / sqft
12 Oct 20261.8M−39% vs selected2,816−6% vs selected
8 Oct 20261.2M−59% vs selected2,847−5% vs selected
25 Sept 20261.15M−61% vs selected2,694−10% vs selected
23 Sept 20261.2M−59% vs selected2,857−4% vs selected
19 Sept 20261.12M−62% vs selected2,513−16% vs selected
15 Sept 20261.95M−34% vs selected2,793−7% vs selected
14 Sept 20261.9M−36% vs selected2,721−9% vs selected
9 Sept 20261.05M−64% vs selected2,356−21% vs selected
8 Sept 20261.74M−41% vs selected2,538−15% vs selected
29 Aug 20261.75M−41% vs selected2,604−13% vs selected
27 Aug 20262M−32% vs selected2,960−1% vs selected
26 Aug 20262M−32% vs selected2,416−19% vs selected
26 Aug 20262.45M−17% vs selected2,654−11% vs selected
26 Aug 20261.73M−42% vs selected2,553−15% vs selected
21 Aug 20261.69M−43% vs selected2,555−15% vs selected
20 Aug 20262.8M−5% vs selected3,027+1% vs selected
19 Aug 20261.2M−59% vs selected2,857−4% vs selected
19 Aug 20262.95M0% vs selected2,729−9% vs selected
17 Aug 20262.7M−8% vs selected2,853−5% vs selected
17 Aug 20261.5M−49% vs selected2,274−24% vs selected
13 Aug 20263.2M+8% vs selected3,242+8% vs selected
12 Aug 2026135K−95% vs selected—— vs selected
12 Aug 20261.65M−44% vs selected2,440−18% vs selected
11 Aug 20262.65M−10% vs selected2,865−4% vs selected
11 Aug 20261.85M−37% vs selected2,753−8% vs selected
10 Aug 20261.88M−36% vs selected2,267−24% vs selected
2 BR · 987 sqftReadySelected sale
6 Aug 20262.95M2,989
6 Aug 20261.62M−45% vs selected2,492−17% vs selected
4 Aug 20261.5M−49% vs selected2,189−27% vs selected
3 Aug 20261.94M−34% vs selected2,344−22% vs selected

04 / Renting it out

What similar apartments rent for

Median of 270 market rents of apartments of 839–1,135 sq ft in Business Bay. The gross yield is that rent against this sale's price, before service charges, fees and empty months.

See these contracts
Median rent / yr
AED 93,500
Per sqft / yr
AED 100/sqft
Gross yield
3.2%