Palma Development announced its cooperation with Banyan Company to launch Serenia Residences which is located on the crescent of “The Palm Jumeirah”, during a conference held yesterday.
This is a residential project where Palma Development was keen to avoid the introduction of commercial specifications in this project to provide greater privacy for the residents which makes it distinct from other neighboring projects.
The units are characterized by their proximity to the water’s edge which allow residents to enjoy the waters of the Arabian Gulf in addition to the recreational activities that are found on the beach that make it the most memorable destination for living and investment on the seashore.
The total cost of the project is estimated at 1.5 billion dirhams and the process of selling the units will begin tomorrow at prices starting from two million dirhams.
In a statement of Hassan Nia, CEO of Banyan, he confirmed that the project is the latest project being developed by Palma Development which promises to provide a sophisticated level of living.