Palma Holding of the Developer

Developers Palma Holding of the Developer
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~7 min
01/25/2024
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Introduction

Established in 1998, Palma Holding has consistently raised the bar for excellence and professionalism in Dubai's property development, community management, and real estate brokerage sector. Over the years, Palma Holding has become a prominent player in the industry, contributing significantly to the landscape of Dubai's real estate.

With a track record spanning decades, Palma Holding has achieved remarkable success, completing over six million square feet of high-end properties valued at an impressive AED ten billion. These properties are strategically situated in some of Dubai's most sought-after and premium districts, showcasing Palma Holding's commitment to delivering superior quality in every project.

Palma Holding's dedication to quality and its substantial portfolio underscore its position as a key player in Dubai's real estate market, reflecting the company's commitment to providing premium properties that meet the highest standards of excellence.

History

Palma Holding traces its roots back to 1998, marking the inception of a journey that would eventually redefine Dubai's real estate landscape. In 2002, the company took a significant leap forward by establishing Palma Development, a move aimed at solidifying its standing as a leading force in Dubai's real estate market. This strategic decision coincided with the legal empowerment of private real estate developers in the region, positioning Palma Development as a pioneering entity in Dubai's real estate development.

The years spanning from 2008 to 2012 posed unprecedented challenges for businesses in Dubai's real estate sector. Despite these obstacles, Palma Holding demonstrated resilience, unwavering commitment to excellence, and a penchant for innovation. These qualities not only allowed the company to weather the storm but also contributed to its strengthened position in the market.

By 2013, Palma Holding had firmly established itself as a key player in Dubai's real estate domain, having a track record of excellence that few could rival. The delivery of projects valued at over 4 billion AED underscored Palma Holding's commitment to quality, innovation, and customer satisfaction.

Fast forward to 2022, and Palma Holding continues to be a trailblazer in Dubai's real estate market. The launch of Serenia Living on the crescent of the palm, under its development arm Palma Development, signifies the company's ongoing commitment to transformative projects that redefine premium living in the region. Palma Holding's journey from its origin in 1998 to its current position reflects a legacy of excellence, resilience, and an unwavering dedication to shaping the future of Dubai's real estate industry.

Average Prices for Properties

  • Serenia Residences, located in Palm Jumeirah, offers apartments for sale in Dubai at an average price of AED 2,506,000.

  • La Residence Del Mar apartments in Dubai Marina feature unit sizes starting at 213.7 sq. m (2,300 sq. ft), with prices beginning at AED 3,000,000.

  • Silverene Towers presents apartments starting at AED 980,000, and the average cost of a four or five-bedroom apartment is AED 17,000,000.

Key Projects

Serenia Living

One of Palma Holding's key projects that epitomizes luxury living is Serenia Living. This exclusive residential development in Dubai has earned its ultra-luxe status through a combination of its enviable location on the Palm Jumeirah and its high-end amenities.

Serenia Living stands as a testament to Palma Holding's commitment to creating exceptional living spaces in prime locations. The project not only capitalizes on its prestigious address on the Palm Jumeirah but also elevates the living experience with a suite of upscale amenities. As a flagship project, Serenia Living showcases Palma Holding's dedication to redefining residential living standards in Dubai.

Olivara Residences & Park

Nestled in Studio City, Dubai, Olivara Residences & Park stands as a distinctive development by Palma Holding, strategically positioned near highly popular residential hubs. This project redefines urban living through its thoughtful design and amenities.

Comprising four low-rise buildings and a clubhouse, Olivara Residences & Park offer a unique architectural charm. The development is not just about the buildings; it introduces a refreshing concept with a 100,000 square foot park enveloping the community. This park is a green oasis, providing residents with lush green spaces and a serene environment right at their doorstep.

Olivara Residences & Park is a testament to Palma Holding's commitment to creating holistic living experiences. The combination of well-designed buildings, a central clubhouse, and the expansive park setting makes Olivara a distinctive and sought-after residential destination in Studio City.

Silverene Towers

Silverene Towers, a striking architectural marvel developed by Palma Holding, stands tall with 34 floors in Tower A and 25 floors in Tower B. This iconic development is a testament to Palma Holding's commitment to delivering excellence in the real estate landscape of Dubai.

Designed by the world-renowned architect Hazel Wong, Silverene Towers represents the pinnacle of upscale waterfront living. The meticulous design and attention to detail in both Tower A and Tower B contribute to the project's aesthetic appeal and functionality.

Silverene Towers is more than just a residential complex; it's a symbol of sophistication and luxury on the Dubai waterfront. The collaboration with Hazel Wong, a globally acclaimed architect, underscores Palma Holding's dedication to creating spaces that transcend conventional standards and provide residents with a truly exceptional living experience.

Infinity Cayan Tower

The Infinity Cayan, a remarkable residential tower developed by Palma Holding, stands as an astonishing 80-storey structure that spirals in a smooth curve, offering breathtaking 90-degree views of the sea and Dubai Marina. This iconic development challenges traditional architecture with its unique shape while redefining the concept of luxury living in Dubai.

Strategically located at the gateway to the vibrant Dubai Marina, Infinity Cayan is not just a residence; it's a statement of architectural innovation and sophistication. The tower's design, coupled with its prime location, positions it as a landmark within the dynamic cityscape.

Residents of Infinity Cayan are treated to a luxurious lifestyle with a range of amenities that elevate the living experience. These include a world-class spa and massage rooms, a nursery, an outdoor pool and whirlpool, and a fully equipped state-of-the-art gym. Palma Holding's commitment to providing unparalleled comfort and luxury is vividly reflected in the thoughtfully curated amenities at Infinity Cayan.

Conclusion

In conclusion, Palma Holding has firmly established itself as a leading developer in the United Arab Emirates, with a portfolio that includes boutique developments, completed flagship projects, and superior investment returns for investors. With a commitment to quality and excellence, Palma Holding continues to create iconic buildings and unique living spaces that reflect its core values. The company's expertise in construction, property management services, and the seamless handover of completed projects underscores its dedication to providing a hassle-free experience for both investors and residents. As Palma Holding continues to build and invest, its impact on the real estate landscape in the emirate remains substantial, offering easy access to a total lifestyle experience in carefully crafted developments.

FAQ

  • 1.

    What types of developments does Palma Holding specialize in, and where are they located?

    Palma Holding specializes in boutique developments, including completed and ready-to-move-in properties, strategically located in prime areas of Dubai, providing a total lifestyle experience.

  • 2.

    What are the upcoming projects of Palma Holding?

    Palma Holding is at the forefront of redefining luxury living in Dubai with its upcoming projects that showcase innovation and unparalleled design.
    In the heart of La Mer, Palma Holding's "La Mer Private Home" is set to introduce a new standard in villa living. Anticipated for completion in Q3 2024, this development promises not just residences but a lifestyle, combining the charm of La Mer with the sophistication of Palma Holding's design.
    Meanwhile, "Serenia Living" on Palm Jumeirah signifies a continuation of Palma Holding's commitment to premium living experiences. These upcoming apartments for sale are poised to be completed in Q4 2025, offering residents a chance to embrace the luxury and tranquility that the iconic Palm Jumeirah has to offer.

  • 3.

    Where is the head office of Palma Holding?

    Palma Holding's head office is located at Silverene Tower B, 1st Floor, PO 33668. This strategic address positions the company in the heart of Dubai, reflecting its prominence and accessibility within the city's vibrant real estate landscape.

  • 4.

    Who is the CEO of Palma Holding?

    Kareem Derbas is the CEO and Co-founding Partner of Palma Holding. As a key figure in the leadership of the company, Kareem Derbas plays a pivotal role in steering Palma Holding's strategic vision and overseeing its various real estate ventures.

  • 5.

    How does Palma Holding engage with potential investors or buyers?

    Palma Holding encourages open communication, providing easy contact options for interested parties to discuss investment opportunities, receive information on available properties, and address any inquiries.

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Creation date:
Update date: 02/14/2024