Palma Development has announced that work has been completed on its ultra-premium beachfront residential development – Serenia Living – located on the crescent of the Palm Jumeirah in Dubai.

The project, which was launched in 2022 with a development value of US $817mn, has now more than doubled in value to exceed US $1.6bn, said the developer in a statement.

Serenia Living comprises 226 residences, including 2-4 bedroom apartments, half-floor and full-floor penthouses, and one of Dubai’s most exclusive Sky Mansions.

The development offers expansive layouts, refined architectural detailing, and uninterrupted views of the Arabian Gulf. The project was completed in February 2026, with handover commencing this week, it stated.

Amenities include one of the emirate’s largest residential swimming pools, a gym with a dedicated personal training area, indoor and outdoor children’s play areas, direct private beach access, and a professionally-designed padel court set within landscaped grounds, easily accessible from all four towers, the statement added.

These facilities have been carefully integrated to support wellness, privacy, and everyday luxury, it added.

On the key milestone, CEO Kareem Derbas said, “The completion of Serenia Living marks an important moment for Palma. From planning through to handover, we have focused on precision and craftsmanship, with every detail delivered to exceed the expectations of our homeowners.”

“Delivering this project on schedule reflects our commitment to excellence, as well as the resilience and sustained momentum of Dubai’s real estate sector,” he stated.

Serenia Living further strengthens Palma Development’s portfolio of waterfront communities and reinforces its reputation for delivering premium projects that create long-term value for residents and investors.

With its prime Palm Jumeirah location, integrated amenities, and design-led approach, Serenia Living has become a distinctive addition to Dubai’s beachfront residential market, he added.