Palma Development

What Palma builds

Low-rise and mid-rise luxury apartment buildings, penthouses and villas in waterfront locations, with repeat use of architect Hazel Wong — she designed Serenia Residences and Olivara, which the developer described as its third project with her. It sits in the high-end tier, with Olivara in Dubai Studio City as its one mid-market product. Communities: Palm Jumeirah, Dubai Marina, Jumeirah Islands and Dubai Studio City.

Palma has real completions in prime Dubai rather than launches alone: Silverene Towers in Dubai Marina, Olivara Residences & Park in Dubai Studio City (250 units, launched 2020, with its first phase ready for occupancy at launch) and Serenia Residences on Palm Jumeirah, handed over in December 2018. Serenia Living on the Palm Crescent — 226 apartments and penthouses across four towers, under construction from June 2022 — was recorded at 94 per cent complete in October 2025 against a Q4 2025 target and completion has since been announced, though we could not confirm the handover date from a primary source. The pipeline, Serenia District at Jumeirah Islands and West Residence within it (designed by Nikken Sekkei, targeted for Q4 2028), is years from handover, so a buyer today is relying largely on that earlier record.

Private, family-owned (Palma Holding) · Founded Palma Holding 1998; Palma Development (development arm) 2002

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