Latest news with #OmarDerbas
Mid East Info
01-07-2025
- Business
- Mid East Info
PALMA DEVELOPMENT COMMENCES ENABLING WORKS FOR WEST RESIDENCE AT SERENIA DISTRICT IN JUMEIRAH ISLANDS - Middle East Business News and Information
This milestone underscores Palma's strong execution and commitment to delivering its AED 5 billion waterfront community on schedule, following the successful launch of phase one. Dubai, United Arab Emirates – June 2025 – Palma Development, one of the pioneering developers in the UAE real estate industry, has announced the appointment of APCC Piling & Marine Contracting to commence shoring and piling works at West Residence, the first residential tower within Serenia District, its AED 5 billion master-planned community located in Jumeirah Islands. Spanning more than 600,000 sq. ft. of land with a total built-up area of 3.5 million sq. ft., Serenia District will be delivered in phases and will comprise six distinct towers integrated around an immersive lifestyle offering. Residents will benefit from a dedicated lifestyle building, the Serenia Signature Clubhouse, an amenity-rich podium level, the Serenity Lake, and extensive landscaping that promotes wellness, leisure, and community connection. Designed by Nikken Sekkei, Japan's leading architectural firm and the third-largest globally, the community draws inspiration from the Japanese Ireko philosophy, blending serenity, simplicity, and the mindful use of space. In his comments, Omar Derbas, Executive Director, Development & Engineering at Palma Development, said: 'We are pleased with the appointment of APCC Piling & Marine Contracting, whose proven expertise and professionalism we experienced firsthand during the initial construction phase of Serenia Living at Palm Jumeirah. Their proven track record with us gives us complete confidence in their continued ability to deliver exceptional results. This project is set to become a benchmark in urban living, offering a unique lifestyle experience complemented by world-class amenities. At Palma Development, we remain committed to delivering our projects on schedule while contributing to Dubai's dynamic real estate landscape.' Ideally located in Jumeirah Islands, Serenia District offers the perfect balance between urban living and seclusion, just minutes from JLT, DMCC, Uptown, and Dubai Marina. The community is interwoven with 20 kilometres of walkways, encouraging an active, outdoors-oriented lifestyle. Architectural elegance is further enhanced by a dynamic starlight façade, inspired by natural elements and designed to evolve beautifully from day into night. About Palma Development: Established in 2002, Palma Development is a leading real estate developer in Dubai, renowned for creating premium waterfront communities that deliver long-term value. With a strong track record of on-time delivery and design excellence, Palma is committed to protecting investor wealth while contributing to Dubai's economic and urban development. Its portfolio includes iconic projects such as Cayan Infinity Tower, Silverene Towers, and Serenia Residences The Palm.
ME Construction
01-07-2025
- Business
- ME Construction
Palma Development appoints APCC for shoring and piling works at West Residence
Construction Palma Development appoints APCC for shoring and piling works at West Residence By West Residence is the inaugural residential tower within the Serenia District. Developer Palma Development has announced the appointment of APCC Piling & Marine Contracting for shoring and piling operations at West Residence. West Residence is the inaugural residential tower within the Serenia District. Serenia District is a master-planned community with a total investment of US$1.36bn that's taking shape in Jumeirah Islands. The developer's portfolio includes projects such as Cayan Infinity Tower, Silverene Towers, and Serenia Residences The Palm. Covering an area of over 600,000sqft, Serenia District will be delivered in phases and will comprise six distinct towers that integrate an immersive lifestyle. Residents will benefit from a dedicated lifestyle building, an amenity-rich podium level, the Serenity Lake, and extensive landscaping that promotes well-being, leisure, and community engagement, the developer highlighted. The design of Serenia District was conceived by Nikken Sekkei. The community is said to draw inspiration from the Japanese Ireko philosophy, embodying serenity, simplicity, and the mindful utilisation of space. Omar Derbas, Executive Director, Development & Engineering at Palma Development said, 'We are pleased with the appointment of APCC Piling & Marine Contracting, whose proven expertise and professionalism we experienced firsthand during the initial construction phase of Serenia Living at Palm Jumeirah. Their proven track record with us gives us complete confidence in their continued ability to deliver exceptional results.' He added, 'This project is set to become a benchmark in urban living, offering a unique lifestyle experience complemented by world-class amenities. At Palma Development, we remain committed to delivering our projects on schedule, while contributing to Dubai's dynamic real estate landscape.'
Zawya
10-04-2025
- Business
- Zawya
Dubai's off-plan market remains highly promising
The outlook for the UAE's real estate sector, especially Dubai's off-plan market, remains highly promising, Omar Derbas, Executive Director, Development and Engineering at Palma Development, told Zawya Projects. The sustained demand for luxury waterfront properties, combined with limited supply in prime locations such as Palm Jumeirah, continues to drive capital appreciation, he said. 'In Serenia Living, we have already witnessed a significant increase in value since launch, with some units appreciating by over 50 percent, which indicates investor confidence and market momentum,' Derbas said. Off-plan properties have been a significant contributor to Dubai real estate sector's growth with 24,920 transactions in the first quarter of 2025, up from 20,006 during the same period last year, an analysis by Springfield Properties stated. In 2025, Palma Development expects the off-plan segment to remain strong, supported by ongoing population growth, residency incentives, and increasing international investment. Dubai's position as a global hub for luxury living ensures that premium developments offering architectural distinction and lifestyle value will remain highly attractive to end-users and investors alike, Derbas said. When asked about expansion beyond Dubai, he said that Dubai remains the cornerstone of the company's development strategy, given its global appeal and strong regulatory framework. While the immediate focus remains on the timely completion of Serenia Living, the developer has launched the AED 5 billion Serenia District, a residential development in Dubai's Jumeirah Islands. The first phase of Serenia District includes West Residence, a 46-storey tower comprising 419 units. The tower reflects a Japanese Ireko-inspired design by Nikken Sekkei. 'Additional project details and phases will be announced in due course as we continue to expand our development pipeline for 2025 and beyond,' Derbas stated. As with many large-scale developments globally, Palma Development also experienced fluctuations in commodity prices, particularly since 2024 and ongoing in 2025, since inflationary pressures are affecting the cost of materials such as aluminium, steel, concrete, and imported finishes. However, the developer claimed its procurement strategy has been to plan ahead and secure pricing through long-term agreements wherever possible. 'While there has been some upward pressure on costs, it has been well managed within our overall budget parameters. Cost increases have not impacted our commitment to excellence,' Derbas said. (Reporting by P Deol; Editing by Anoop Menon) (
Arabian Business
31-03-2025
- Business
- Arabian Business
Dubai real estate: Palma Development's Serenia Living on Palm Jumeirah reaches 70% completion
Dubai-based developer Palma Development has announced that construction on its AED3 billion Serenia Living project on Palm Jumeirah has reached 70 per cent completion. The beachfront development, located on the crescent of the island, is scheduled for completion by the end of 2025. Serenia Living on Palm Jumeirah Serenia Living comprises 226 residences, including two-, three-, and four-bedroom apartments, full-floor and half-floor penthouses, and a Sky Mansion. The project also features amenities such as a large residential swimming pool, a gym with a dedicated personal training area, multiple indoor and outdoor children's play areas, and direct beach access. 'Serenia Living is progressing smoothly and remains on track for the expected completion by the end of 2025, while maintaining the exceptional quality that defines all our projects. As we move into the final phase of construction anticipation continues to build among our discerning clientele, who will soon experience a new standard of upscale beachfront living,' Omar Derbas, Executive Director, Development and Engineering at Palma Development said. Palma Development stated that the project aims to set a new standard for beachfront residences in Dubai.
ME Construction
18-03-2025
- Business
- ME Construction
70% construction completion achieved on Serenia Living says Palma Development
Construction 70% construction completion achieved on Serenia Living says Palma Development By The project features 226 exclusive residences including two-, three-, and four-bedroom apartments, full-floor and half-floor penthouses, and a sky mansion Developer Palma Development has said that its Serenia Living project has reached 70% completion and is expected to be compete by the end of 2025. The ultra-premium beachfront development is being built on the crescent of the Palm Jumeirah at a cost of US $817mn. The major milestone is said to exemplify the substantial progress toward delivering one of Dubai's most coveted projects, further reinforcing Palma's dedication to timely project delivery, said a statement from the company. 'Serenia Living is progressing smoothly and remains on track for the expected completion by the end of 2025, while maintaining the exceptional quality that defines all our projects. As we move into the final phase of construction anticipation continues to build among our discerning clientele, who will soon experience a new standard of upscale beachfront living,' said Omar Derbas, Executive Director, Development and Engineering at Palma Development. The project features 226 exclusive residences, including two-, three-, and four-bedroom apartments, full-floor and half-floor penthouses, and one of Dubai's most exclusive Sky Mansions, according to the developer. The project's high-end amenities include one of the largest residential swimming pools in the city, a state-of-the-art gym with a dedicated personal training area, multiple indoor and outdoor children's play areas, and direct beach access. With its ultra-prime location, best-in-class amenities, and unwavering focus on delivering bespoke residential experiences, the project is set to become a landmark of opulence on Palm Jumeirah, it added. As construction continues at a steady pace, Palma Development looks forward to achieving further milestones, bringing Serenia Living closer to completion and setting a new standard for ultra-premium beachfront residences in Dubai.
