Palma Development Completes Serenia Living on Palm Jumeirah, Strengthening Dubai’s Luxury Real Estate Market

Landmark beachfront development delivered on time, highlighting strong growth and resilience in the UAE property sector

Palma Development has announced the completion of Serenia Living, an ultra-premium beachfront residential project located on Palm Jumeirah.

Originally launched in 2022 with a development value of AED 3 billion, the project has more than doubled in value to exceed AED 6 billion, underscoring strong demand in Dubai’s luxury real estate market. The project was completed on schedule, reinforcing Palma Development’s reputation for timely delivery, quality construction, and execution excellence.

Premium Beachfront Residences in Dubai

Serenia Living features 226 luxury residences, including:

• Two-, three-, and four-bedroom apartments
• Half-floor and full-floor penthouses
• One of Dubai’s most exclusive Sky Mansions

The development is designed with spacious layouts, high-end finishes, and panoramic views of the Arabian Gulf, positioning it among the most desirable beachfront properties in Dubai.

Construction was completed in February 2026, with handover now underway.

Luxury Amenities and Lifestyle Offering

Serenia Living offers a full suite of world-class amenities designed to enhance comfort, wellness, and privacy, including:

• One of Dubai’s largest residential swimming pools
• State-of-the-art fitness center with personal training facilities
• Indoor and outdoor children’s play areas
• Direct private beach access
• Landscaped gardens with a professional padel court

All amenities are seamlessly integrated across the development’s four towers, creating a resort-style living experience.

CEO Statement on Project Completion

Commenting on the milestone, Kareem Derbas, CEO of Palma Development, said:

“The completion of Serenia Living marks an important moment for Palma. From planning through to handover, we have focused on precision and craftsmanship, with every detail delivered to exceed the expectations of our homeowners. Delivering this project on schedule reflects our commitment to excellence, as well as the resilience and sustained momentum of Dubai’s real estate sector.”

Strengthening Dubai’s Waterfront Real Estate Portfolio

The completion of Serenia Living further expands Palma Development’s portfolio of high-end waterfront communities and reinforces its position as a leading developer in Dubai’s premium property segment.

With its prime location on Palm Jumeirah, luxury amenities, and design-driven architecture, Serenia Living stands out as a key addition to Dubai’s growing beachfront residential market.

About Palma Development

Founded in 2002, Palma Development is a leading Dubai-based real estate developer known for delivering premium waterfront residential projects with long-term investment value.

The company has a strong track record of on-time project delivery and architectural excellence, contributing to Dubai’s urban growth and economic development. Its portfolio includes landmark developments such as:

• Cayan Infinity Tower
• Silverene Towers
• Serenia Residences The Palm

 

Photo credit: Palma Development.