Palma Development Ltd

Serenia Residences

Palm Jumeirah,

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Key Details



Serenia Residences The Palm is an apartment complex located on the crescent of The Palm Crescent, Palm Jumeirah in Dubai. The developer of the project was Palma Development Ltd, with WSW Architects and GAJ Middle East as architectural consultants. The complex was completed in 2018 and features three separate 9-story buildings Serenia Residence West, Serenia Residence North and Serenia Residences East with rooftop gardens and its own sandy beach.

Serenia Residences features 250 units, including 1, 2 and 3 bedroom apartments and 3 and 4 bedroom penthouses. The residences available for sale have a minimum size of 96 square meters (1,033 square feet) and cost from AED 2,100,000 (USD 536,000).

Palm Jumeirah island is a comfortable place to live and attracts major investors. Real estate acquired here can be leased for short or long term rentals. The return on investment in residential properties in the area reaches up to 5.74%. The average price of a 1-bedroom apartment in Serenia Residences is AED 2,500,000 (USD 638,000), with a potential annual rental income of AED 140,000 (USD 36,000). Serenia Residences properties are being sold as freehold, which allows for the unconditional ownership of the properties for foreign investors.

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