Select Group · Business Bay · Construction Update
Peninsula Four Construction Update - June 2023
June 2023 Inspection Confirms Peninsula Four Reaches 5.93% Construction Progress in Business Bay
Enabling works, piling, and site mobilization dominate activity at Peninsula Four, verified at 5.93 percent in the June 2023 RERA inspection on the Business Bay canal front.
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Verified DLD Inspection Data
Peninsula Four Construction Snapshot
The first verified inspection since the October 2022 construction start records Peninsula Four at 5.93%, placing it in the early enabling and foundations band where escrow protection and payment structure matter most for buyers.
Peninsula Four The Plaza
2461
Active
5.93%
19 June 2023
01 October 2022
1,025 residential units
114,514.32 sq m
01 February 2026
Data source: RERA inspection conducted on 19 June 2023, tracked against DLD inspection records. Construction tracking against RERA inspection data runs across the full tohidfetrat.com project portfolio and is reviewed after every published cycle. Last updated: July 2026.
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This Inspection Cycle
Peninsula Four Construction Progress Summary
At the 19 June 2023 inspection, Peninsula Four moved from 0% to 5.93%, the first verified reading since construction began on 01 October 2022. Activity is concentrated in enabling, piling, and site preparation across the Business Bay waterfront plot rather than in any vertical structure yet.
- Project registration and construction start recorded 01 October 2022
- DLD escrow account activation for project 2461
- Site mobilization across the Business Bay canal front plot
- Enabling and piling operations on the waterfront plot
- Excavation and early foundation preparation
- Site preparation supporting the next structural phase
- Tower superstructure and podium infrastructure
- MEP, facade, and interior finishing across the 1,025 residential units
- Canal facing landscaping, then remaining RERA cycles to 100%
Payment Linked Progress
What 5.93% Progress Means for Peninsula Four Buyers
Most Dubai off plan payment plans tie early installments to registration and construction milestones, so a verified reading of 5.93% is not just a status update: it marks the stage where escrow protection and your payment structure matter most. At this early point in Peninsula Four, four actions matter.
Verify the escrow account
Any early installment should go only to the DLD regulated escrow account registered for project 2461. Peninsula Four escrow account verification is the step before any transfer; the lookup itself takes about two minutes against the official DLD project record.
Map your payment schedule and Oqood
Confirm how your sale and purchase agreement ties early installments to registration and construction milestones, and that your Oqood is registered against the unit. Not sure how your installments map to this early reading? Send me your payment schedule and I will map it against the certified milestones.
Plan the snagging inspection ahead
Snagging comes much later than 5.93%, but knowing the process early avoids a rushed handover. The Peninsula Four snagging inspection guide covers the defect documentation you will arrange before you accept the unit.
Track the remaining cycles
Many inspection readings remain between 5.93% and completion certification. The Peninsula Four construction updates hub keeps the full stretch to handover free of surprises.
General framework, not legal advice: milestone definitions, notice periods, and fee obligations are set by your individual SPA and the DLD record, and both should be read directly.
Considering Peninsula Four The Plaza?
In June 2023 Peninsula Four was at its earliest verified stage, 5.93% recorded, carrying the longest payment runway this project would offer. Every payment goes to the DLD-registered escrow account for project 2461, released against certified construction progress. The project has since advanced through later inspection cycles tracked on the hub.
- Longest installment runway, spread across the full build
- Escrow-protected payments tied to certified milestones
- Construction risk carried from foundations through to handover
- Short runway: most of the price due near completion
- Structure already certified, little build risk remaining
- Priced at later-cycle levels rather than launch
Pricing and availability shift across construction cycles; message me for the current picture on Peninsula Four.
About the Development
Peninsula Four The Plaza Project Details
At 5.93% in June 2023, Peninsula Four The Plaza was a waterfront development still in enabling and piling, planned with 1,025 residential units across apartments, duplex lofts, and penthouses on the Business Bay canal front within Select Group's Peninsula master community.
For buyers entering at this early stage, the trade off is the longest payment runway on the plan against a full construction cycle still ahead, with the DLD register at this inspection showing an expected completion of 01 February 2026, a date since passed.
Peninsula Four The Plaza Project GuideSite Context This Cycle
Explore Peninsula Four Location on Dubai Map
Peninsula Four rises on a canal facing plot within the Peninsula master community in Business Bay, its towers oriented toward the Dubai Canal and the Downtown skyline. At 5.93% in June 2023, that position shapes the cycle directly: enabling and piling on the waterfront plot are the first items an inspection can verify.
Because Business Bay is an established district with completed roads, the canal promenade, and mature utility infrastructure, Peninsula Four is being built into a functioning waterfront neighborhood rather than an emerging one, which matters for buyers weighing the long payment runway that early stage entry implies. See the project's position on the interactive Dubai real estate map.
Buyer Resources for This Project
Investing in Peninsula Four During Early Construction Progress
The early construction band is where residency planning, payment protection, and escrow verification converge. Each resource below is matched to where Peninsula Four stood in June 2023.
Peninsula Four Construction Updates
This page: the verified 19 June 2023 inspection record for Peninsula Four, its first construction reading.
Peninsula Four Golden Visa
Check whether a qualifying Peninsula Four purchase could support ten-year UAE Golden Visa residency eligibility.
Read Peninsula Four Golden Visa Guide
Peninsula Four Escrow Account
Confirm the DLD-registered escrow account for project 2461 before releasing any early-stage installment payments.
Verify Peninsula Four Escrow Account
Peninsula Four Snagging Inspection
At 5.93% early progress, understand the snagging inspection you will schedule before eventual Peninsula Four handover.
Book Peninsula Four SnaggingUpdate Timeline
Other Peninsula Four Construction Updates
Follow the full inspection history to see how Peninsula Four moved from this first reading through each construction phase, cycle by cycle.
Where This Update Fits
Explore Peninsula Four The Plaza Structure
This monthly report is one node in the wider record: the community that surrounds the site, the developer delivering it, and the listings competing with it.
Peninsula Waterfront Apartments for Sale
Compare Peninsula waterfront apartments, duplex lofts, and penthouses along the Dubai Canal frontage in Business Bay.
Peninsula Properties for Sale
About Business Bay Master Community
See how Business Bay canal infrastructure and Downtown connectivity frame Peninsula Four's waterfront setting this cycle.
Business Bay Community Guide
Select Group Developer Profile
Review Select Group's waterfront delivery record across Dubai before committing to early-stage Peninsula Four installments.
Select Group Developer ProfileFAQs
Peninsula Four Construction Progress in June 2023: Frequently Asked Questions
As of the RERA inspection conducted on 19 June 2023, Peninsula Four stood at 5.93% construction progress in the DLD project register, its first recorded reading.
The June 2023 inspection recorded Peninsula Four advancing from 0% to 5.93% since construction began on 01 October 2022, with enabling and piling works underway on the Business Bay canal front plot.
The DLD project register listed 01 February 2026 as the expected completion date at the June 2023 inspection. That date has since passed; later inspection cycles on the Peninsula Four construction updates hub record construction continuing beyond it.
Yes. Expected completion dates in the DLD register can be revised between cycles, and in this case the 01 February 2026 figure was later overtaken as construction continued through 2025 and 2026.
At the 19 June 2023 inspection, activity centered on enabling works, piling operations, excavation, and site preparation across the Business Bay waterfront plot, ahead of vertical tower construction.
At this early band, the priorities were confirming the DLD-registered escrow account for project 2461, verifying Oqood registration, and understanding a payment plan whose installments were tied to construction milestones still largely ahead.
A Question the FAQ Can Not Answer?
Your Advisor
Tohid Fetrat
Independent of the developer: I work for the buyer, and my only job on this page is helping you read the June 2023 inspection record for Peninsula Four correctly before your next payment decision. Client identities and transactions are never published or referenced. Message me directly: you will always reach me personally, never a call center or sales team.
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