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Palma hands over first fully residential project on Palm Jumeriah

by Jumana Abdel-Razzaq on Mar 18, 2018

The 78,967m2 development includes 250 units.
The 78,967m2 development includes 250 units.

Dubai developer Palma Holding has handed over its flagship $408m (AED1.5bn) Serenia Residences project on the Palm Jumeriah.

The developer has sold 70% of units and customers have begun moving into the beachfront residential development, the only exclusively residential community on The Palm’s Crescent.

Kareem Derbas, CEO and founder of Palma Holding, said: “In line with our meticulous approach to timely project delivery, we are delighted to be handing over Serenia Residences on schedule and to the highest quality standards.

SITE VISIT: Serenia Residences – The Palm

“The development has generated an exceptional response on the leasing market, with many people already living on The Palm now gravitating toward Serenia Residences, as well as among investors seeking an ideal home away from home for weekend getaway and holidays in Dubai.”

Designed by Hazel Wong, the architect behind Dubai’s Emirates Towers, the 78,967m2 development includes 250 units split between one to three-bedroom apartments and penthouse suites, with around 70% of the project dedicated to landscaping and amenities.

“I’m proud to have delivered on our promise to create Dubai’s most exclusive beachfront residences, and am excited to welcome Serenia homeowners into their new homes on the shores of The Palm Jumeirah,” said Hassan H. Nia, CEO of Banian.

The project features the largest private outdoor infinity pool on The Palm, a lap pool, a children’s pool, a play area, a gymnasium, and tennis courts.

Palma has also included other provisions for residents, including interior design packages, home management services, and handover services.

Palma Holding has completed over four million square feet of premium properties in Dubai worth a total of over $980m (AED3.6bn).