Developer of the Month for April 2025: Palma Development
At MyBayut, we highlight the top developers making an impact in the UAE real estate market each month through our “Developer of the Month” series. Their stories, visions and approaches help us better understand the landscape. This month, we will look closer at Palma Development, one of Dubai’s established names that has leveraged its experience to build an impressive property portfolio. Let’s explore their journey and developments in Dubai.
About Palma Development
Palma Development’s entry into the real estate sector began with the establishment of Palma Real Estate, where they provided exceptional real estate services to clients seeking investment opportunities that met their needs. In 2002, they expanded their focus to real estate development, recognising the industry’s importance of quality and innovation. By 2025, they have firmly established themselves as a trusted real estate developer, with properties valued at AED 16 billion and 8 million sq. feet developed.

Regarding exciting projects, Serenia Residences The Palm and Olivara Residences and Park in Dubai Studio City stand out, earning Palma Development worldwide acclaim as industry trailblazers. Their commitment to exceptional customer service guarantees that each development is unique and crafted to the highest standards, offering luxurious homes and remarkable investment opportunities.
Projects by Palma Development
Palma has 12 projects in the UAE worth AED 15 billion. Let’s get to know them better:
Completed Projects
These properties by Palma Development have been completed and handed over:
- Olivara Residences and Park – Dubai Studio City
- Serenia Residences The Palm
- Silverene Towers – Dubai Marina
- La Residencia Del Mar in Dubai Marina
- German International School Dubai – Academic City
- Al Mawakeb School Khawaneej Branch
- Cayan ‘Infinity’ Tower in Dubai Marina
Off-Plan Properties by Palma Development
- West Residence at Serenia District – Jumeirah Islands
- The Royal Sky Mansion at Serenia Living
- Serenia District at Jumeriah Islands
- Serenia Living The Palm

Frequently Asked Questions
What are the most notable projects completed by Palma Development?
Olivara Residences and Park and Infinity Cayan Tower are some notable projects by Palma Development.
How does Palma Development differentiate itself from other real estate companies in Dubai?
Palma Development offers the highest quality properties, focusing on innovation and exceptional lifestyle. They ensure that these properties create above-average market returns and are excellent investment opportunities.
What are Palma Development future plans and expansions?
Palma Development will complete Serenia Living The Palm this year and will focus on creating more stellar properties like West Residence at Serenia District by 2028.
Discover more awe-inspiring projects in the UAE with MyBayut, the region’s biggest property portal.