Palma Development Dubai | Guide + Palma New Projects 2026

Key Information about Palma Development Dubai

• Developer Name: Palma Development
• Established Year: 1998
• Headquarters: Dubai, UAE
• Project Types: Apartments, penthouses, and mixed-use residential towers
• Starting Price: From AED 1.85M (Serenia District West Residence, launch price)
• Payment Plan: Flexible Plans (e.g. 10% Down / 50% During Construction / 40% On Handover)
• Popular Areas: Palm Jumeirah, Jumeirah Islands, Dubai Marina, Dubai Studio City

About Palma Development: Dubai's Early Freehold Pioneer

If you're exploring properties for sale in Dubai, Palma Development is a name with more than two decades of track record. The company builds refined residential communities across some of the city's most established neighbourhoods.

Palma was founded in 1998 and sits within Palma Holding, which also covers sales, leasing, and property management. Its website describes it as one of Dubai's first licensed private freehold developers.

The company is led by Founder and CEO Kareem Derbas, with Rauf Derbas named as a principal co-founder. Under his leadership, Palma has delivered 15 landmark projects worth over AED 16 billion (USD 4.3 billion), and many clients have returned for later launches.

The portfolio includes Cayan / Infinity Tower, known for its 90-degree twist, as well as Silverene Towers, The Jewels, and La Residencia Del Mar in Dubai Marina. Palma also runs community management for Silverene Towers.

Serenia Living on Palm Jumeirah was completed in February 2026 with 226 residences, and handovers began in April 2026. Serenia District in Jumeirah Islands, a flagship AED 5 billion community, is the current focus.

Major Communities & Key Locations by Palma Development

Palma builds in established neighbourhoods with lasting character, and Palm Jumeirah is one of the best areas in Dubai for waterfront living.

Palm Jumeirah: Serenia Residences and Serenia Living, beachfront residences with views over the Arabian Gulf.

• Jumeirah Islands: Serenia District, a lakeside, lifestyle-focused community with West and East Residences.
• Dubai Marina: Cayan / Infinity Tower, Silverene Towers, The Jewels, and La Residencia Del Mar.
• Dubai Studio City: Olivara Residences & Park, a wellness-centred community with abundant greenery.

Amenities & Lifestyle Facilities within Palma Development Projects

Palma designs around wellbeing, connection, and everyday ease. The list below runs from the most distinctive features to the most standard.

• Direct private beach access (Serenia Living, Palm Jumeirah)
• Serenia Signature Clubhouse, a multi-level community hub (Serenia District)
• Professionally designed padel court in landscaped grounds (Serenia Living)
• Waterfront and lakeside settings (Palm Jumeirah, Dubai Marina, Jumeirah Islands)
• Large residential swimming pools
• Large, fully equipped gyms with wellness spaces
• Children's play areas, landscaped gardens, and retail spaces
• Gated community with 24-hour security (Serenia District)

Flexible Payment Plans with Palma Development

Palma's current launches use a 60/40 structure, with a 10% booking payment and the balance of the first 60% paid in instalments during construction.

• 10% Down Payment | 50% During Construction | 40% On Handover
• Serenia District West Residence (Jumeirah Islands): 10% / 50% / 40%, with handover expected in Q4 2028.
• Serenia District East Residences (Jumeirah Islands): 10% down payment on a 60/40 plan, with handover expected in mid-2030.

Why Buy Property from Palma Development in Dubai?

Palma has over two decades of delivery in Dubai and a base of repeat buyers. Its projects combine prime locations with design meant to stay relevant.

• Proven track record: 15 delivered landmark projects worth over AED 16 billion.
• Prime, established locations: Palm Jumeirah, Dubai Marina, and Jumeirah Islands.
• Accessible entry price: Serenia District apartments start from around AED 1.85M on a 60/40 plan.
• End-to-end involvement: The team stays hands-on from land selection to handover.

Ready to own a home in Serenia District by Palma Development in Jumeirah Islands? Contact our property experts for the latest prices, floor plans, and payment options.

Awards & Recognitions by Palma Development

• Arabian Property Awards 2025: Best Apartment / Condominium Development, Dubai (Serenia Living)
• Arabian Property Awards 2025: Best Residential High-Rise Development, Dubai (West Residence, Serenia District)
• Arabian Property Awards 2025: Best Residential Interior Apartment, Dubai (West Presidential Penthouse, Serenia Residences)

Frequently Asked Questions about Palma Development Dubai

Is Palma Development a good developer for investment in Dubai?

Palma has operated since 1998 and has delivered 15 projects worth over AED 16 billion. Serenia Living was completed on schedule in February 2026, and the developer won three Arabian Property Awards in 2025.

Can foreigners buy property from Palma Development in Dubai?

Yes. Serenia District is listed as freehold, which allows foreign buyers to own outright. A 4% Dubai Land Department fee applies on purchase.

What payment plans are available for Palma Development projects?

Serenia District West Residence follows a 60/40 plan: 10% on booking, 50% during construction, and 40% on handover in Q4 2028. East Residences also use a 60/40 structure with a 10% down payment.

What projects does Palma Development currently offer?

Serenia District in Jumeirah Islands, with West and East Residences, is the current off-plan launch. Completed projects include Serenia Living, Serenia Residences, Cayan / Infinity Tower, and Silverene Towers.