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Peninsula Five rent: what tenants really pay
Rent in Peninsula Five, Business Bay: Studio AED 85,000, 1-bed AED 132,713, 2-bed AED 220,000, 3-bed AED 315,000 a year. These are medians of 181 Ejari leases signed 16 Oct 2025–15 Oct 2026. Per sq ft, a 1-bed here is AED 165, against AED 115 across Business Bay. About 58 homes here are advertised for rent now.
Updated 21 Oct 2026 · Source: Dubai Land Department Ejari leases and listing-site adverts · Method
“Peninsula Five: you pay a premium per sq ft here, so check the view and the unit before you sign. Lots of homes are on the market; offer at the signed figure, not the advert. Ask the agent what the last tenant signed, then use the table below.”
Know the rent before you sign
What tenants in this building really paid, what landlords ask, and how hard to push.
What the leases say about Peninsula Five
- Per sq ft, a 1-bed here costs 44% more than the Business Bay median: AED 165 against AED 115. It is number 67 of 70 Business Bay buildings, cheapest first.
- Homes here are bigger than usual. The median 1-bed here is 855 sq ft. That is 6% above the Business Bay median of 808 sq ft.
- New Studio tenants pay AED 85,000, renewing tenants AED 80,000. For the same home, renewing is cheaper than moving in: a new tenant pays 6% more.
- New-lease rent per sq ft rose 3% on the year, to AED 165 a sq ft.
- About 58 homes are advertised for rent against 181 leases signed in a year: a lot of choice, so there is room to negotiate.
- 19 leases end in the next 60 days, so more homes may become available soon.
Rent in Peninsula Five by bedrooms
AED a year, medians. Signed: Ejari leases 16 Oct 2025–15 Oct 2026. Asking: adverts on 16 Oct 2026, matched by building name.
| Home | New lease | Renewal | Asking | Size sq ft | AED / sq ft | Leases |
|---|---|---|---|---|---|---|
| Studio | 85,000 | 80,000 | 90,000 | 529 | 165 | 55 |
| 1-bed | 132,713 | 135,000 | 145,000 | 855 | 165 | 67 |
| 2-bed | 220,000 | 217,125 | – | 1,353 | 150 | 28 |
| 3-bed | 315,000 | – | 324,999 | 1,797 | 166 | 31 |
Where Peninsula Five is, and the buildings around it
We do not hold the exact position of Peninsula Five yet; the map shows Business Bay.
Click a building to see its rents. Rents shown are median new leases, 16 Oct 2025–15 Oct 2026.
Finding
A new Studio tenant in Peninsula Five pays 6% more than a renewing one for the same home.
New lease against renewal: same building, same bedrooms, size within 15%
For a Studio in this building, renewing is cheaper than moving in. The renewal figure shows what the landlord accepts from tenants he wants to keep. Renew or move →
Finding
New-lease rent per sq ft in Peninsula Five rose 3% on the year.
Median new lease, AED a sq ft, by quarter
AED 165 a sq ft in the 12 months to 15 Oct 2026, against AED 160 the year before. Quarters with fewer than 10 new leases are left out of the chart.
Supply
19 leases in Peninsula Five end in the next 60 days.
Leases ending soon: homes that may become available
Some will renew, some will come back to the market. More homes free means more room to negotiate. Ask agents about units with a lease ending soon.
Compare: other Business Bay buildings, 1-bed
| Building | New lease | Size sq ft | AED / sq ft | Leases |
|---|---|---|---|---|
| Terraces Marasi Drive | 132,500 | 1,149 | 103 | 31 |
| The Sterling West House | 131,250 | 974 | 127 | 35 |
| Peninsula Four | 130,000 | 859 | 151 | 74 |
| The Sterling East House | 140,000 | 1,093 | 128 | 45 |
| Peninsula One | 120,000 | 638 | 185 | 118 |
| Ahad Residences | 120,000 | 861 | 147 | 119 |
| Bay Square | 117,500 | 1,224 | 92 | 71 |
| Sls Dubai | 150,000 | 1,163 | 133 | 130 |
Buying in Business Bay? Sale prices, every tower, resale and off-plan: Business Bay on BUY DUBAI →
Questions
How much is rent in Peninsula Five?
Rent in Peninsula Five, Business Bay: Studio AED 85,000, 1-bed AED 132,713, 2-bed AED 220,000, 3-bed AED 315,000 a year. These are medians of 181 Ejari leases signed 16 Oct 2025–15 Oct 2026. Per sq ft, a 1-bed here is AED 165, against AED 115 across Business Bay. About 58 homes here are advertised for rent now.
How much is a studio in Peninsula Five?
The median rent for a new Studio lease in Peninsula Five is AED 85,000 a year (AED 7,083 a month). The median size is 529 sq ft. This is from 41 new leases, 16 Oct 2025–15 Oct 2026.
How much is a 1 bedroom in Peninsula Five?
The median rent for a new 1-bed lease in Peninsula Five is AED 132,713 a year (AED 11,059 a month). The median size is 855 sq ft. This is from 46 new leases, 16 Oct 2025–15 Oct 2026.
How much is a 2 bedroom in Peninsula Five?
The median rent for a new 2-bed lease in Peninsula Five is AED 220,000 a year (AED 18,333 a month). The median size is 1,353 sq ft. This is from 17 new leases, 16 Oct 2025–15 Oct 2026.
How much is a 3 bedroom in Peninsula Five?
The median rent for a new 3-bed lease in Peninsula Five is AED 315,000 a year (AED 26,250 a month). The median size is 1,797 sq ft. This is from 24 new leases, 16 Oct 2025–15 Oct 2026.
Is it cheaper to renew or move in Peninsula Five?
For a Studio, new tenants pay a median AED 85,000 and renewing tenants AED 80,000. For the same home, a new tenant pays 6% more.
Is rent going up in Peninsula Five?
Rent per sq ft on new leases in Peninsula Five: AED 165 in the 12 months to 15 Oct 2026, against AED 160 the year before.
What are the alternatives to Peninsula Five in Business Bay?
Similar rent for a 1-bed: Terraces Marasi Drive AED 132,500, The Sterling West House AED 131,250, Peninsula Four AED 130,000, The Sterling East House AED 140,000.
How we worked it out, and the limits
Updated 21 Oct 2026. Source: Dubai Land Department Ejari rent contracts. We use homes only, one unit for each contract, starting 16 Oct 2025–15 Oct 2026. "New" is a new tenant or a new contract. "Renewal" is the same contract, renewed. Bedrooms come from the Ejari unit type. "3 bed" means 3 or more. Every rent is a median: half the leases are above it. A figure needs 10 or more leases. A page needs 30 or more.
This building. Leases are matched by the Ejari project name "Peninsula Five". 181 leases 16 Oct 2025–15 Oct 2026, 128 new. First leases in our records: 2025. Adverts are matched by name and may include a neighbouring building.
Full method: What the leases say → · Checking a rent rise? Rent increase calculator →
Sale prices, resale and off-plan, tower facts and developer photos: BUY DUBAI, our sister site for buyers. Rents: Dubai Land Department Ejari leases.