Palm Development Launches $1.36 Billion Project in Jumeirah Islands
The Serenia District aims to provide expansive residential and recreational spaces in the heart of Dubai.
Palm Development has unveiled the Serenia District, a residential project in the Jumeirah Islands, with a total value of 5 billion dirhams (approximately 1.36 billion USD).
The development covers an area of 600,000 square feet, featuring a gross floor area of 3.5 million square feet.
The project consists of six towers that incorporate six distinct zones, designed to provide a variety of amenities.
These include the Serenia Signature Club, a wellness and social interaction area, sports and entertainment facilities, a family oasis, a nature exploration zone, and a fitness and wellness center.
The first phase of the Serenia District features the West Residence, a 46-story tower comprising 419 apartments with options of one, two, and three bedrooms.
The initiative reflects the ongoing expansion of luxury residential offerings in Dubai, aimed at both local and international buyers.
This development is part of a broader trend in Dubai's real estate market, where high-end residential projects continue to attract significant investment amidst a recovering economy and increasing demand for premium living spaces.