The first residential-only development on Dubai’s Palm Jumeirah has launched this week.
Serenia Residences is a scheme by Palma Development, a subsidiary of Palma Holding and real estate firm Banian FZCO.
It comprises 250 units, including one- to four-bedroom apartments and penthouse suites ranging in price from AED2 million ($544,510) to AED35 million for the scheme’s so-called Presidential Penthouse.
The AED1.5 billion development was designed by Hazel Wong, the architect behind Dubai’s landmark Emirates Towers in DIFC, and is intended to provide high-end, resort-style beachfront living.
Around 70 percent of the plot has been dedicated to landscaping and amenities.
Kareem Derbas, chief executive and co-founder of Palma Holding, said: “Serenia Residences epitomise the ultimate in luxury living for… with the deliberate plan not to include commercial aspects as a part of the development, ensuring maximum privacy, peace and quiet in one of the city’s most exclusive and sought after areas.”
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