Palma Development has progressed its AED 5 billion Serenia District project at Jumeirah Islands by appointing APCC for shoring and piling works at the East phase, while Khansaheb Civil Engineering commences main construction on the West Residence.
Dubai-based real estate firm Palma Development has advanced construction at its AED 5 billion master-planned Serenia District project in Jumeirah Islands through strategic engineering appointments. APCC Piling & Marine Contracting has been selected to manage critical shoring and piling works for the Serenia District East phase. Concurrently, Khansaheb Civil Engineering has mobilized on-site to initiate main construction activities for the 46-storey West Residence tower following the completion of its foundational infrastructure. This follows a previously finalized AED 760 million main construction agreement.
Palma Development is a UAE-based boutique real estate developer specializing in premium residential and mixed-use projects across high-end coastal and urban districts in Dubai. This latest execution milestone underscores the developer's capacity to maintain construction velocity across multi-phase residential assets amidst heightened demand for luxury property in the emirate. The overall development spans a land footprint exceeding 600,000 square feet, featuring a total built-up area of 3.5 million square feet distributed across six integrated towers designed by the architecture firm Nikken Sekkei.
The project's advancement signals sustained operational momentum within Dubai's high-end residential real estate ecosystem, benefiting specialized marine contracting and civil engineering firms. For institutional investors and market stakeholders, the timely transition from foundational works to vertical construction reinforces supply pipeline predictability in premium master-planned communities. The continuous capital allocation toward large-scale projects reflects resilient developer confidence and sustained localized investment in the regional construction value chain.
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