UAE-based Palma Development has completed work on its ultra-premium beachfront residential development Serenia Living on the crescent of Palm Jumeirah in Dubai, which it launched in 2022 with a development value of AED3 billion ($817 million) and has now more than doubled in value to exceed AED6 billion ($1.6 billion), said the developer in a statement.
Its on-time delivery, as planned, shows Palma’s focus on quality and execution, as well as the strength of Dubai’s real estate sector. Serenia Living features 226 residences, including two-, three-, and four-bedroom apartments, half-floor and full-floor penthouses, and one of Dubai’s most exclusive Sky Mansions.
The development features spacious floor plans, fine architectural details, and panoramic views of the Arabian Gulf. The project was completed in February 2026, with handover commencing this week, it said.
Facilities include a large residential swimming pool for the emirate, a gym with a dedicated personal training area, indoor and outdoor children’s play areas, direct private beach access, and a padel court set within landscaped grounds, accessible from all four towers, it said. The facilities were designed to support wellness, privacy, and everyday luxury, it added.
On the key milestone, CEO Kareem Derbas said, “The completion of Serenia Living marks an important moment for Palma. From planning through to handover, we focused on precision and craftsmanship, delivering every detail to exceed our homeowners’ expectations.”
“Delivering this project on schedule reflects our commitment to excellence, as well as the resilience and sustained momentum of Dubai’s real estate sector,” he stated.
Serenia Living further strengthens Palma Development’s portfolio of historic waterfront communities and upholds the company’s reputation for producing high-quality projects that generate long-term value for investors and residents.
He continued, “Serenia Living has become a unique addition to Dubai’s beachfront residential market with its prime Palm Jumeirah location, integrated amenities, and design-led approach.”
Image Credits: Palma Development