Palma Development has completed Serenia Living, an ultra-premium beachfront residential development on Palm Jumeirah, marking a significant milestone in Dubai’s high-end property market.
The project, originally launched in 2022 with a development value of AED 3 billion, has more than doubled in value to exceed AED 6 billion at completion, underscoring sustained demand for luxury waterfront real estate in the emirate.
Serenia Living comprises 226 residences, including two-, three-, and four-bedroom apartments, as well as half- and full-floor penthouses and a limited number of ultra-exclusive Sky Mansions. The development is positioned along the crescent of Palm Jumeirah, offering uninterrupted views of the Arabian Gulf and a design-led residential experience.
The project was completed in February 2026, with handovers now underway. Its on-schedule delivery highlights continued execution strength among Dubai developers, even as the market experiences elevated demand and pricing growth in premium segments.
Amenities at the development include one of the largest residential swimming pools in Dubai, a fully equipped gym with dedicated training facilities, indoor and outdoor children’s play areas, direct private beach access, and landscaped outdoor spaces featuring a padel court. The facilities are designed to support a lifestyle focused on wellness, privacy, and high-end living.
Commenting on the completion, CEO Kareem Derbas said the project reflects a focus on “precision and craftsmanship,” adding that delivering on schedule reinforces both the company’s execution capabilities and the broader resilience of Dubai’s real estate sector.
The development further strengthens Palma’s portfolio of waterfront projects, which includes established landmarks such as Cayan Infinity Tower and Silverene Towers. The company has positioned itself as a developer focused on premium communities that deliver long-term value to both residents and investors.
Serenia Living’s completion comes at a time when Dubai’s luxury property market continues to attract strong interest from international buyers, driven by limited supply in prime locations, lifestyle appeal, and the emirate’s broader economic momentum.
With its scale, location, and positioning, the project adds to the growing inventory of ultra-premium residences on Palm Jumeirah, reinforcing the island’s status as one of Dubai’s most sought-after residential destinations.
