Dubai investor Serenia buys Dubai's most expensive plot - Dh508m on the Palm - of 2021

The Palm has a lot of super-extravagance projects - and one more is in transit soon from Palma. All through 2021, the Palm has been establishing Dubai standards for the most costly property deals and rentals. Also, with a Dh508 million tag on another plot, ashore values as well. 

Dubai: A Dubai-based financial backer, Serenia Residences ltd., has gotten what is charged as Dubai's "most costly plot" by a private financial backer this year - Dh508 million for land on the bow of the Palm. The plot will be utilized to foster another beachfront private property and follows the culmination and deals of Serenia Residences, which also is on the bow. 

The new task - expected to cost Dh2.5 billion to construct - will take up around 1.2 million square feet. It will be created by Palma Holding, which is the name behind Silverene Towers, Olivara Residences, and Park just as Serenia Residences, The Palm. 

The task will be dispatched one year from now, with more subtleties to be declared later. 

Hassan H. Nia, originator and CEO of Banian, which possesses Serenia Residences, "Following the finishing and close to sell-out of Serenia Residences, we are eager to buy this milestone plot to construct one more show-stopper on one of the most extraordinary areas in Dubai - The Palm. 

"Dubai is one of the world's most secure safe houses for financial backers, made obvious by the exchanges that have outperformed pre-pandemic levels just as by the quantity of worldwide financial backers who are picking Dubai's housing business sector to buy property." 

Dubai's private market has seen extraordinary development in the beyond a year, prodded by the public authority's definitive and undaunted treatment of the worldwide circumstance to make a protected, steady and certain speculation environment

Source: Gulf News