Consultant

Palma Holdings hands over Serenia Residences on schedule

Luxury project boasts 250 units of one- to three-bedroom apartments and penthouse suites

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Real estate firm Palma Holding has handed over its $408m Serenia Residences project on the Palm Jumeirah’s Crescent. As per a statement from the firm, its flagship beachfront project was handed over on schedule, with 70% of the units sold.

Serenia Residences was designed by architect Hazel Wong and the developer claims that it is the only ‘exclusively residential community on the Palm Jumeirah’s Crescent’. The 850,000sqft development boasts 250 units of one- to three-bedroom apartments and penthouse suites, with 70% of the project dedicated to landscaping and amenities.

“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. 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. We are proud to be offering them a beautifully finished haven of tranquil and calm in one of Dubai’s most iconic locations,” said Kareem Derbas, CEO and founder of Palma Holding.

The project is said to boast contemporary architecture and unique layouts. In terms of amenities, Serenia Residences features what is billed as the largest private outdoor infinity pool on The Palm in addition to a lap pool, a children’s pool, a play area, state-of-the-art gymnasium and tennis courts.

“We are very pleased to announce the timely completion of Serenia Residences, and are thankful to all our business partners who have helped us turn our dream to reality. 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 holding company Banian.

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