Palma Developments has launched the AED 5 billion Serenia District, a luxury residential project in Jumeirah Islands, spanning over 600,000 square feet, with a total built-up area of 3.5 million square feet. The project consists of 6 towers with 6 living areas, and the first phase of the project includes the 46-storey West Residence Tower, which includes 419 apartments.
The project was designed by the Japanese company Nikken Sekkei, and its design was inspired by the Japanese philosophy of Eriko, which relies on calm, simplicity and optimal use of space. Karim Derbas, Founder and CEO of Palma Developments, said: “At a time when Dubai’s real estate market is witnessing record results, and the emirate is consolidating its position as a global investment destination, the demand for luxury real estate projects continues to grow. Serenia District comes to meet this demand by offering an exceptional architectural design.” Hassan Nia, Founder and CEO of Banyan, said: “We are proud of this successful partnership with Palma, as we have collaborated together on the Serenia Residences and Serenia Living projects.”