Palma Development is part of Palma Holding, founded by CEO Kareem Derbas. It entered Dubai's freehold market in 2002 in Dubai Marina, making it one of the earliest private developers in the freehold era. Palma Holding also runs real estate services and community management.
Completed projects include the twisting Cayan (Infinity) Tower, Silverene Towers and La Residencia Del Mar in Dubai Marina, and Serenia Living on Palm Jumeirah. Its current master-planned launch is Serenia District at Jumeirah Islands, including The West Residence (46 floors, 419 homes).
Palma follows a selective, project-by-project model rather than large-volume launches, focused on waterfront and prime locations. It reports delivering all of its projects, including through the 2008–09 downturn.
Palma Development has 1 project listed with White & Co in Jumeirah Islands, from AED 1.8M.
Three key reasons this developer stands out for off-plan buyers.
Palma Development has handovers scheduled for 2030.
Known for premium finishes and attention to detail, Palma Development projects consistently meet international construction standards, ensuring long-term asset value.
Projects strategically located in high-demand areas supporting strong capital growth and rental yields.
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Jumeirah Islands, Dubai
1 Bed - 4 Bed
Q2 2030