Make a deal to buy the most expensive land in Dubai. Who are the buyers?

Serenia Residences has revealed that it has purchased the most expensive land in a deal that is the largest of its kind for a private investor in Dubai in recent years.

The company explained in a statement that the land, valued at 508 million dirhams, is located on the crescent of the Palm Jumeirah, and will be used to develop a new seaside project, noting that this step comes after the company has been able to sell the Serenia residences, the residential project on the crescent of the “Palm Jumeirah”. According to the “Emirates Today” newspaper.

She added that the value of the new project stands at 2.5 billion dirhams, with an area of ​​approximately 1.2 million square feet, and will be developed by Palma Holding, explaining that the project will be launched during next year, while the company intends to announce more details at the time.

“Following the company’s success with the launch of Serenia Residences, we are delighted to develop the new land, which is considered the most exclusive of its kind on the Dubai waterfront,” said Karim Derbas, Founder and CEO from Palma.