Developer profile
Palma Development Developer of Serenia on Palm Jumeirah
Founded by Kareem Derbas, Palma (Palma Holding) has been investing in Dubai since 2002. It is best known for the Serenia projects — Serenia Residences and Serenia Living on Palm Jumeirah and Serenia District at Jumeirah Islands. Explore every Palma project in our catalog.
- 11projects on Empire City
- 3communities
- 2002first investment in Dubai
- 226residences in Serenia Living
- Founder & CEO
- Kareem Derbas
- First investment
- Dubai Marina, 2002
- First project
- Residencia Del Mar, Dubai Marina
- Flagship
- Serenia on Palm Jumeirah
- Group
- Palma Holding
- Key areas
- Palm Jumeirah, Jumeirah Islands
About Palma
Palma was founded by Kareem Derbas, who made the company's first investment in Dubai Marina in 2002. Its first project, Residencia Del Mar in Dubai Marina, was largely sold within its first month, according to the founder.
On Palm Jumeirah, Palma developed Serenia Residences and later launched Serenia Living — 226 apartments and penthouses — in October 2022. By 2017 the company had developed nine projects, according to its founder.
Palma's newer projects include Serenia District at Jumeirah Islands, with its East and West residences, and Olivara Residences in Dubai Studio City.
Palma Development Projects in Dubai
11 projects by Palma Development on our site — new launches, projects under construction and ready homes.
Handover 2028Jumeirah IslandsThe West Residence at Serenia DistrictFrom$503,744→
Handover 2030Jumeirah IslandsEast Residence 4 At Serenia DistrictFrom$533,696→
Handover 2030Jumeirah IslandsEast Residence 6 At Serenia DistrictFrom$533,696→
Handover 2030Jumeirah IslandsEast Residence 5 At Serenia DistrictFrom$533,696→
Handover 2030Jumeirah IslandsEast Residence 3 At Serenia DistrictFrom$533,152→
Handover 2030Jumeirah IslandsEast Residence 2 At Serenia DistrictFrom$1,012,662→- Serenia ResidencesPhotos on requestSerenia ResidencesPalm JumeirahFrom$869,980→
- Larimar ApartmentsPhotos on requestLarimar Apartments→
- Serenia District EastPhotos on requestSerenia District EastJumeirah Islands→
- Olivara Residences & ParkPhotos on requestOlivara Residences & ParkDubai Studio City→
- Residencia Del MarPhotos on requestResidencia Del Mar→
Get the Latest Palma Development Price List and Offers
Prices, availability and payment plans change with every launch. Leave your number and we will send you the current Palma Development price list with the best available units.
- New launches
- Payment plans
- Available units
- Floor plans
Master Communities by Palma Development
Palm Jumeirah
Serenia Residences and Serenia Living.
Jumeirah Islands
Serenia District East and West.
Dubai Studio City & Dubai Marina
Olivara Residences, Larimar Apartments and Residencia Del Mar.
Why Buy from Palma Development
- 01
Waterfront focus
Palm Jumeirah and Jumeirah Islands.
- 02
Two decades in Dubai
Investing in Dubai since 2002.
- 03
Boutique luxury
Low-density residences with resort-style amenities.
- 04
Ready and off-plan
Completed buildings and new launches.
Frequently Asked Questions about Palma Development
Who founded Palma?
Palma was founded by Kareem Derbas, its CEO; the first investment was made in Dubai Marina in 2002.
What is Serenia?
Serenia is Palma's series of residences — Serenia Residences and Serenia Living on Palm Jumeirah and Serenia District at Jumeirah Islands.
Where are Palma projects?
On Palm Jumeirah, at Jumeirah Islands, in Dubai Studio City and Dubai Marina.
Does Palma offer payment plans on off-plan projects?
Most off-plan Palma launches are sold with staged payment plans. The terms differ from project to project, so we send you the current plan for each project you are interested in.
Can foreigners buy Palma property?
Palma projects for sale are located in Dubai's designated freehold areas, where foreign buyers can own property. Our team will check the details of the specific project and guide you through the purchase.
How many Palma Development projects are listed on Empire City?
Our catalog currently lists 11 Palma Development projects in Dubai, with listed prices starting from $503,744. Contact us for the full, up-to-date list of units for sale.
Choose a Palma Development Property with Our Experts
Tell us your budget and goals — we will shortlist Palma Development projects, send floor plans and payment plans and arrange viewings.
Off Plan
Areas
Villas & Townhouses
- Villas and Townhouses in Dubai
- Villas and Townhouses in Abu Dhabi
- Villas and Townhouses in Sharjah
- Villas & Townhouses in Ajman
- Villas and Townhouses in Ras El Khaimah
- Villas and townhouses in Oman
- Dubai Hills Estate
- DAMAC Lagoons
- Arabian Ranches 3
- Tilal Al Ghaf
- DAMAC Hills 2
- MBR City
- Dubai South
- The Valley
- Town Square
- Yas Island
- Saadiyat Island
Developers
Call us
Privacy Policy Estate's
© 2026 empirecityuae.com all rights reserved.
EMPIRE CITY REAL ESTATE L.L.C License No. 1134004.
We are in social networks: 
* 
