Palma Development has announced the completion of Serenia Living, its ultra-premium beachfront residential project located on the crescent of Palm Jumeirah, marking a significant milestone for the developer’s luxury portfolio.
Launched in 2022 with a development value of AED 3 billion, the project has more than doubled in value to exceed AED 6 billion, reflecting strong demand for high-end waterfront properties in Dubai. The development was completed in February 2026, with handover to homeowners now underway.
Serenia Living comprises 226 residences, including two-, three-, and four-bedroom apartments, as well as half-floor and full-floor penthouses and a limited collection of ultra-luxury Sky Mansions. The project is characterised by expansive layouts, detailed architectural design, and uninterrupted views of the Arabian Gulf.
Located on one of Dubai’s most sought-after beachfront destinations, the development offers a range of lifestyle amenities designed to support wellness and privacy. These include one of the largest residential swimming pools in the emirate, a fully equipped gym with dedicated personal training facilities, indoor and outdoor children’s play areas, a padel court, and direct private beach access.
Kareem Derbas, CEO of Palma Development, said the project reflects the company’s focus on quality and delivery. “From planning through to handover, we have focused on precision and craftsmanship, with every detail delivered to exceed the expectations of our homeowners,” he said, adding that the on-time completion underscores both the company’s execution capabilities and the continued strength of Dubai’s real estate market.
