Palma Development has announced the completion of its residential project, “Sirenia Living,” located on the Palm Jumeirah beachfront, delivering it on schedule.
Initially valued at 3 billion AED at its launch in 2022, the project’s worth has now more than doubled to exceed 6 billion AED. The timely delivery highlights the company’s commitment to high standards of quality and execution, as well as the resilience of Dubai’s real estate market.
“Sirenia Living” comprises 226 diverse residential units, with the project officially finished in February 2026, and the handover of units commenced this week.
Karim Darbas, CEO of Palma Development, stated: “The achievement of ‘Sirenia Living’ marks a significant milestone for our company. From the early stages, we focused on executing the project with utmost precision and care, ensuring attention to every detail to exceed the owners’ expectations. Today, this project establishes itself as one of the premier luxury residential destinations in Dubai, with expectations of continued value growth in the coming years. Delivering the project on time reflects our commitment to excellence and the ongoing strength of Dubai’s real estate sector.”
“Sirenia Living” enhances Palma Development’s portfolio of distinguished waterfront residential projects and reinforces its position as a developer focused on delivering quality projects that create sustainable value for residents and investors.
With its unique location on Palm Jumeirah, comprehensive amenities, and a design guided by meticulous attention to detail, the project represents a significant addition to the luxury waterfront real estate market in Dubai.