Established Since: 1998
CEO: Kareem Derbas
Palma Development is part of Palma Holding, working in real estate for over two decades. As a Dubai property developer, it has completed 12 developments across more than 6 million sq ft of space, with a total value of over AED 16 billion. The company focuses on mid- to high-rise buildings, residential towers, and waterfront homes. Its latest launch is the AED 5 billion Serenia District at Jumeirah Islands, which covers 600,000 sq ft of land with 3.5 million sq ft of built-up area.
A key part of this is The West Residence at Serenia District, a 46-storey tower with 419 units, offering 1-, 2-, and 3-bedroom layouts. Homes are designed to face water views and community zones. The project includes a 100,000 sq ft Serenia Signature Clubhouse, which features a gym, café, spa, paddle court, retail, and outdoor pool deck.
Palma Development projects reflect the group’s focus on design and execution. The company continues to contribute to Palma properties, especially in coastal and gated communities. It positions itself among luxury real estate developers with a focus on location, amenity quality, and structured layouts across its Palma projects Dubai.