Artificial Intelligence
Builders Company
Developers/Palma Development
PD
Palma DevelopmentDubai, United Arab Emirates · founded 2002 · 1 active markets
PRIVATE

Palma Development builds premium residential communities, waterfront residences, towers and schools in Dubai for homeowners, investors and families. Its model combines private freehold development, off-plan sales and development agreements, emphasizing architecture, amenities, lifestyle services and long-term property value for residents.

Years in business
24
founded 2002
LinkedIn headcount
56 people; Company Size: 11-50
employees, as shown on LinkedIn · size band 11–50
Portfolio value
AED 16 billion properties
as the company states it
Total projects
15 landmark residential projects
across the company’s whole history
Units delivered
over 3000 apartments
as the company states it
Projects last researched October 8, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
not published
Headquarters
Silverene Tower B, 1st Floor, Dubai, United Arab Emirates
Founded
2002
Entity type
PRIVATE1
Business model
offplan for sale1, other1
Markets
1 market listed
What they build
Residential, for sale (3 of 4) · Residential, for rent (1 of 4)
Full dossier in About →

Delivery record

2 date-assessed of 4 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
4
within the rolling ten-year window
Median delay
+3.0 mo
the middle of 2 scored projects
Average delay
+3.0 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+3.5 mo
Serenia Living · +2.0 to +5.0
2
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

2 date-assessed projects here
Not enough info yet.
Projects and timelines in Track Record →

Resident experience

3 of 4 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.4/ 10
Weighted judgment across build and operations · from 3 of 3 rated buildings
Little structure evidence (1 of 3 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
7.5/ 10
Fabric, services, waterproofing, envelope · from 1 of 3 rated buildings
Management & living
7.5/ 10
Upkeep, response times, amenities, community · from 3 of 3 rated buildings

Against other developers

3 rated here · 118 developers, 510 rated buildings in United Arab Emirates
Overall rating
Palma Development · 118 other developers in United Arab Emirates
8.4 vs 7.7
this developer 0.7 better
The weighted verdict on each side. From 3 of 3 rated buildings here and 510 in the market.
Structure & systems
Palma Development · 118 other developers in United Arab Emirates
— vs 6.9
Too few buildings with this score here to compare (1 of 3)
Fabric and engineering only — fixed at handover. From 1 of 3 rated buildings here and 231 in the market.
Management & living
Palma Development · 118 other developers in United Arab Emirates
7.5 vs 7.3
this developer 0.2 better
Upkeep and response — belongs to whoever runs the building now. From 3 of 3 rated buildings here and 487 in the market.
The market here is United Arab Emirates: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • DELIVERY DELAY Published 22 June 2023; reported completion February 2026; researched 8 October 2026 Serenia Living, developed by Palma Holding/Palma Development, was reported with completion targeted for December 2025 and handover expected in Q1 2026; Palma later stated the project was completed in February 2026 and handovers had begun, so the evidence supports a short resolved delivery slippage rather than an active stalled project.
Record status
active
Company sources
95 source entries across 95 fields
Projects tracked
4 · 4 completed in assessment
All flags and sources →

Track Record

Delivery record

2 date-assessed of 4 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
4
within the rolling ten-year window
Median delay
+3.0 mo
the middle of 2 scored projects
Average delay
+3.0 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+3.5 mo
Serenia Living · +2.0 to +5.0
2
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

2 date-assessed projects here
Not enough info yet.

Construction start to handover

4 of 4 projects dated · 1 place
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Dubai, United Arab Emirates
2015201620172018201920202021202220232024202520262027todayDUBAI, UNITED ARAB EMIRATES+3.5 moverified+16 moestimatedcompleted, no target published+2.5 moverified
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 1 turned out to be about something else — a phase, a neighbour, the wider masterplan — and is marked off-subject.

Building & Livability Ratings

Resident experience

3 of 4 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.4/ 10
Weighted judgment across build and operations · from 3 of 3 rated buildings
Little structure evidence (1 of 3 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
7.5/ 10
Fabric, services, waterproofing, envelope · from 1 of 3 rated buildings
Management & living
7.5/ 10
Upkeep, response times, amenities, community · from 3 of 3 rated buildings

Against other developers

3 rated here · 118 developers, 510 rated buildings in United Arab Emirates
Overall rating
Palma Development · 118 other developers in United Arab Emirates
8.4 vs 7.7
this developer 0.7 better
The weighted verdict on each side. From 3 of 3 rated buildings here and 510 in the market.
Structure & systems
Palma Development · 118 other developers in United Arab Emirates
— vs 6.9
Too few buildings with this score here to compare (1 of 3)
Fabric and engineering only — fixed at handover. From 1 of 3 rated buildings here and 231 in the market.
Management & living
Palma Development · 118 other developers in United Arab Emirates
7.5 vs 7.3
this developer 0.2 better
Upkeep and response — belongs to whoever runs the building now. From 3 of 3 rated buildings here and 487 in the market.
The market here is United Arab Emirates: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

3 rated · 1 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
Serenia LivingWest Crescent, Palm Jumeirah, Dubai226 units
9.1/ 10
—/ 10
7.0/ 10
Nestopa 4/5, 5/5, 4/5, 5/5 · 1 review · nestopa.com
Combined from 4 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.

Google Reviews/Maps provides the largest stated review base found for the building, 4.7/5 from 11 reviews, which converts to 9.1/10 under the specified curve. The other building-level ratings have fewer than 10 reviews and therefore cannot anchor the score; the evidence is also too limited and too new to support a separate structure score.

+ peaceful atmosphere+ beach views+ skyline views+ privacy and calm+ greenery and community
− limited public transport− car dependence− few walkable dining options− island isolation− peak-hour entry traffic

no notes returned

no links returned

The available comments describe a calm, premium daily experience: one reviewer praised “the peaceful atmosphere,” “beautiful views,” greenery and community, while another called the beach and skyline views “beautiful” and the area “very private.” The main operational/lifestyle reservations are that “getting around without a car can be a bit tricky” and that walkable dining is limited; the Property Finder area commentary also notes peak-hour traffic and isolation, but it is community evidence rather than a building rating.

Olivara Residences & ParkDubai Studio City, Dubai250 units
8.4/ 10
—/ 10
8.4/ 10

The Google Reviews/Maps building aggregate of 4.4/5 from 115 reviews sets the level, converting to 8.2/10 under the specified curve. The written sample is strongly positive about facilities, gardens, cleanliness, management, staff and security, with one severe-in-tone but isolated complaint about noise and pests; the recurring evidence supports only a modest upward commentary adjustment.

+ Well-kept facilities+ Modern finishes+ Good-quality built-ins+ Well-designed interiors+ Quiet reported by some residents
− Thin walls− Humidity reported− Mold reported− Noise reported
Not found in sources: No published engineering detail
+ Pet-friendly community+ Well-kept gardens+ Clean common areas+ Responsive security+ Friendly management and staff
− Noise complaints− Cockroach complaint− Pest complaint− High bills complaint− Isolation/community criticism

The published reviews contain limited physical-condition evidence rather than an engineering assessment. One resident reported a “humidity problem” that caused “mold on the wall,” with staff responding but taking “a bit of time” to inspect and fix it; another resident said the walls were “a bit thin,” while a different reviewer complained of noise.

Daily-life reviews are mostly favourable: residents describe the gardens as serene and well cared for, the community as “neat and clean,” and facilities as “well kept, immaculate, and modern”; one reviewer also called management “incredible” and security responsive. The negative outlier described it as “a hell to live there” because of “noise, cockroach and many different” pests, while another review noted thin walls and a delayed response to humidity and mold.

Serenia Residences The PalmPalm Jumeirah, Dubai250 units
7.8/ 10
7.5/ 10
7.0/ 10

The largest located review base is the building-level Google aggregate reported as 4.5/5 from 319 reviews, which converts to 8.5 under the requested curve. The score is moderated—not replaced—by repeated resident complaints about noise, management, security and maintenance, while recurring praise for the beach, pools, views and landscaping limits the reduction. Evidence is heterogeneous and much of the detailed commentary is dated 2021–2023; no source located here verifies that those conditions remain unchanged on October 8, 2026.

+ Good build quality reported+ High ceiling height praised+ Clean beach and facilities+ Mature landscaping+ Some maintenance praised
− Mould reports− Glass-door sealing concerns− AC cooling concerns− Inferior tiles alleged− Frequent maintenance issues
+ Private beach access+ Multiple pools+ Waterfront views+ Mature landscaping+ Resort-style facilities
− Persistent noise− Punitive fines and rules− Security complaints− Visitor restrictions− Hotel-service traffic noise

Structural evidence is mixed and comes mainly from resident commentary rather than an engineering inspection. One reviewer said “Build quality is very good” and that “Service and maintenance is also very good,” but other residents reported “Severe mold issues,” poorly sealed glass sliding walls, AC units unable to cope, inferior tiles and “Constant maintenance issues.” These are resident allegations, mostly published in 2021–2023, so they establish reported experience but do not confirm the position on October 8, 2026.

Residents repeatedly praise the waterfront setting and facilities: one described “a private clean beach, three swimming pools” and a “living experience... of a resort,” while another called the views “superb.” Countervailing operational feedback is substantial: reviewers describe “The noise here” as “unbearable,” management as “the worse I have ever seen,” and security as having a “very poor attitude”; a 2023 review also reports construction work continuing “12 hours every day WITHOUT WEEKENDS.”

Only buildings that have reached handover are rated. 1 of 4 projects carries no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
not published
Headquarters
Silverene Tower B, 1st Floor, Dubai, United Arab Emirates
Dubai Marina · 33668
Founded
2002
Dubai, United Arab Emirates
Entity type
PRIVATE
Revenue
USD 3.76 million annual revenue
Business model
offplan for sale, other

Offices

head office and 1 other
Northport

Sources: office cities

SOCIALdate not shown in source

Palma Holding

LinkedIn
Offices: dubai, dubai, united arab emirates (AE), northport, new york, united states (US)
value seen: northport, new york, united states (US)
value paraphrased from this source
https://linkedin.com/company/palma-holding

Partners

4 partners
Khansaheb Civil Engineering
contractor

Palma Development appointed Khansaheb Civil Engineering as main contractor for West Residence at Serenia District; the AED 760 million contract covers the first phase at Jumeirah Islands.

Banian FZCO
joint venture

Banian describes Palma Development as its strategic partner for the Serenia brand's high-end communities, including Serenia Residences and Serenia Living.

AMSI
partner

Palma Holding entered into a development management agreement with AMSI to bring together Al Mawakeb School.

German community in Dubai
partner

Palma Holding entered into a development agreement with the German community for the German International School Dubai.

Sources: partners

COMPANY2025-12-19

Main Contractor for West Residence Project | Announcement - Palma Holding

Palma Holding
Palma Development has appointed Khansaheb Civil Engineering as the main contractor for West Residence. Valued at AED 760 million, the contract marks a significant milestone in the evolution of the Serenia brand.
value seen: Khansaheb Civil Engineering; AED 760 million
https://palmaholding.com/residence-west-main-contractor-khansaheb/

Sources: partners

COMPANY2025-02-25

PALMA DEVELOPMENT LAUNCHES AED 5 BILLION SERENIA DISTRICT AT JUMEIRAH ISLANDS, SETTING A NEW BENCHMARK FOR URBAN LIVING

Palma Holding
Serenia is our homegrown premium residential brand, developed in partnership with our strategic partner, Palma Development... having worked together on the Serenia Residences and Serenia Living communities.
value seen: strategic partner; Serenia Residences and Serenia Living
held out of the figures · the quote does not carry this value
https://palmaholding.com/our-news/palma-development-launches-aed-5-billion-serenia-district-at-jumeirah-islands-setting-a-new-benchmark-for-urban-living/

Sources: partners

COMPANYdate not shown in source

Palma Development's Projects - Palma Holding

Palma Holding
Palma Holding once again entered into a development management agreement with AMSI to bring together Al Mawakeb School.
value seen: development management agreement with AMSI; Al Mawakeb School
held out of the figures · the quote does not carry this value
https://palmaholding.com/our-projects/

Sources: partners

COMPANYdate not shown in source

German International School Dubai in Academic City | Palma Developments

Palma Holding
Palma Holding proudly entered into a development agreement with the German community for the development of the German International School Dubai.
value seen: development agreement with the German community
https://palmaholding.com/our-project/german-international-school-academic-city-dubai/

Registrations & licences

REAL ESTATE LICENCE808
RERA · AE
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
United Arab Emiratesactive 4 projects tracked

What they build

2 types
Residential, for sale3 of 4
Residential, for rent1 of 4
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
KD
Kareem Derbas
Kareem Derbas is Palma Development’s founder and chief executive, and also a founding partner of Palma Holding. The company credits him with leading 15 landmark projects, while independent reporting describes his earlier audit and consulting experience and his role in building Palma’s Dubai residential portfolio.
Current title
Founder and Chief Executive Officer
since Oct 2002 - Present
Experience
no career length stated
Companies before
Ernst & YoungArthur Andersen
Education
Harvard Business SchoolOwner/President Management Program
American University of BeirutBachelor of Business Administration (BBA), Finance and Financial Management Services
Other boards
none sourced
Known for
FounderCEO15 landmark projectsex-Arthur Andersenex-EY
https://linkedin.com/in/kareem-derbas-97391986
We were ninety percent sold out in the first month. Mortgage Finder May 28, 2025https://www.mortgagefinder.ae/blog/interview-with-palma-holding-ceo-founder-kareem-derbas/
You need to have a crystal-clear vision, you need to define your target market, you need to focus on one sector, and then aim to be a world-class player in that niche. Mortgage Finder May 28, 2025https://www.mortgagefinder.ae/blog/interview-with-palma-holding-ceo-founder-kareem-derbas/
I would rather be known for being a boutique developer with a perfect reputation for delivery, than being known as a big developer with a poor track record. Mortgage Finder May 28, 2025https://www.mortgagefinder.ae/blog/interview-with-palma-holding-ceo-founder-kareem-derbas/

Sources: education

SOCIALdate not shown in source

Kareem Derbas

LinkedIn
Owner/President Management Program at Harvard Business School
value seen: Owner/President Management Program at Harvard Business School
https://linkedin.com/in/kareem-derbas-97391986

Sources: education

SOCIALdate not shown in source

Kareem Derbas

LinkedIn
Bachelor of Business Administration (BBA), Finance and Financial Management Services at American University of Beirut
value seen: Bachelor of Business Administration (BBA), Finance and Financial Management Services at American University of Beirut
https://linkedin.com/in/kareem-derbas-97391986

Sources: linkedin page

SOCIALdate not shown in source

Kareem Derbas

LinkedIn
# Kareem Derbas
value seen: https://linkedin.com/in/kareem-derbas-97391986
value paraphrased from this source
https://linkedin.com/in/kareem-derbas-97391986

Sources: previous companies

PRESS2025-05-28

Interview with Palma Holding CEO & founder Kareem Derbas

Mortgage Finder
followed by two years as a management consultant with Ernst & Young in London.
value seen: Ernst & Young
https://www.mortgagefinder.ae/blog/interview-with-palma-holding-ceo-founder-kareem-derbas/

Sources: previous companies

PRESS2025-05-28

Interview with Palma Holding CEO & founder Kareem Derbas

Mortgage Finder
he spent his first year working as an auditor at Arthur Andersen in Abu Dhabi
value seen: Arthur Andersen
https://www.mortgagefinder.ae/blog/interview-with-palma-holding-ceo-founder-kareem-derbas/

Sources: quotes

PRESS2025-05-28

Interview with Palma Holding CEO & founder Kareem Derbas

Mortgage Finder
“We were ninety percent sold out in the first month,” he said.
value seen: We were ninety percent sold out in the first month.
https://www.mortgagefinder.ae/blog/interview-with-palma-holding-ceo-founder-kareem-derbas/

Sources: quotes

PRESS2025-05-28

Interview with Palma Holding CEO & founder Kareem Derbas

Mortgage Finder
You need to have a crystal-clear vision, you need to define your target market, you need to focus on one sector, and then aim to be a world-class player in that niche.
value seen: You need to have a crystal-clear vision, you need to define your target market, you need to focus on one sector, and then aim to be a world-class player in that niche.
https://www.mortgagefinder.ae/blog/interview-with-palma-holding-ceo-founder-kareem-derbas/

Sources: quotes

PRESS2025-05-28

Interview with Palma Holding CEO & founder Kareem Derbas

Mortgage Finder
I would rather be known for being a boutique developer with a perfect reputation for delivery, than being known as a big developer with a poor track record.
value seen: I would rather be known for being a boutique developer with a perfect reputation for delivery, than being known as a big developer with a poor track record.
https://www.mortgagefinder.ae/blog/interview-with-palma-holding-ceo-founder-kareem-derbas/

Sources: since

SOCIALdate not shown in source

Kareem Derbas

LinkedIn
CEO & Co-founding Partner - Palma Holding (Current) Oct 2002 - Present
value seen: Oct 2002 - Present
https://linkedin.com/in/kareem-derbas-97391986

Sources: summary

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
As Founder, Partner and Chief Executive Officer of Palma Holding and Palma Development, Kareem Derbas has spent two decades shaping one of Dubai’s most respected real estate groups.
value seen: Kareem Derbas is Palma Development’s founder and chief executive, and also a founding partner of Palma Holding.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: tags

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
As Founder, Partner and Chief Executive Officer of Palma Holding and Palma Development
value seen: Founder
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: tags

PRESS2025-05-28

Interview with Palma Holding CEO & founder Kareem Derbas

Mortgage Finder
It was around this time that one of the first private UAE developers to enter the freehold market, Palma Holding, chose Dubai Marina to begin building its brand.
value seen: CEO
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.mortgagefinder.ae/blog/interview-with-palma-holding-ceo-founder-kareem-derbas/

Sources: tags

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Over the years, Kareem has led Palma in delivering 15 landmark projects worth over AED 16 billion (USD 4.3 billion)
value seen: 15 landmark projects
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: tags

PRESS2025-05-28

Interview with Palma Holding CEO & founder Kareem Derbas

Mortgage Finder
After graduating from the American University of Beirut, he spent his first year working as an auditor at Arthur Andersen in Abu Dhabi
value seen: ex-Arthur Andersen
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.mortgagefinder.ae/blog/interview-with-palma-holding-ceo-founder-kareem-derbas/

Sources: tags

PRESS2025-05-28

Interview with Palma Holding CEO & founder Kareem Derbas

Mortgage Finder
followed by two years as a management consultant with Ernst & Young in London.
value seen: ex-EY
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.mortgagefinder.ae/blog/interview-with-palma-holding-ceo-founder-kareem-derbas/

Sources: tags

SOCIALdate not shown in source

Kareem Derbas

LinkedIn
Bachelor of Business Administration (BBA), Finance and Financial Management Services at American University of Beirut
value seen: BBA Finance
value paraphrased from this source
https://linkedin.com/in/kareem-derbas-97391986

Sources: title

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Founder and Chief Executive Officer
value seen: Founder and Chief Executive Officer
https://palmadevelopment.ae/about-us/
OD
Omar Derbas
Omar Derbas is Palma Development’s chief development officer, responsible for development, project and construction management. Public profiles credit him with delivering major Dubai high-rises and identify him as a partner and board member of Palma Investment; ZAWYA has also quoted him on delivery discipline.
Current title
Chief Development Officer
since Mar 2006 - Present
Experience
15+ years real estate
Companies before
none sourced
Education
American University of BeirutBachelor's degree, Mechanical Engineering
Other boards
Partner and Board Member, Palma Investment
Known for
Chief Development OfficerHigh-rise deliveryCSR leadPalma Investment board memberMechanical Engineering
https://ae.linkedin.com/in/omar-derbas-259564254
We are pleased to reach this construction milestone which underscores our commitment to delivering Serenia Living not only within the set timelines but potentially ahead of schedule. Palma Holding Nov 18, 2024https://palmaholding.com/our-news/palma-development-announces-key-construction-milestone/
Delivering projects on time is key to building credibility in Dubai’s highly competitive real estate market. ZAWYA April 14, 2025https://www.zawya.com/en/projects/construction/palma-development-on-track-to-deliver-serenia-living-on-palm-jumeirah-by-q4-2025-435596

Sources: education

SOCIALdate not shown in source

Omar Derbas

LinkedIn
Bachelor's degree, Mechanical Engineering at American University of Beirut
value seen: Bachelor's degree, Mechanical Engineering at American University of Beirut
https://ae.linkedin.com/in/omar-derbas-259564254

Sources: linkedin page

SOCIALdate not shown in source

Omar Derbas

LinkedIn
# Omar Derbas
value seen: https://ae.linkedin.com/in/omar-derbas-259564254
value paraphrased from this source
https://ae.linkedin.com/in/omar-derbas-259564254

Sources: other boards

SOCIALdate not shown in source

Omar Derbas

LinkedIn
Omar is also the Partner & Board Member of Palma Investment, which is an asset management company
value seen: Partner & Board Member of Palma Investment
https://ae.linkedin.com/in/omar-derbas-259564254

Sources: quotes

COMPANY2024-11-18

Palma Development announces key construction milestone

Palma Holding
We are pleased to reach this construction milestone which underscores our commitment to delivering Serenia Living not only within the set timelines but potentially ahead of schedule.
value seen: We are pleased to reach this construction milestone which underscores our commitment to delivering Serenia Living not only within the set timelines but potentially ahead of schedule.
https://palmaholding.com/our-news/palma-development-announces-key-construction-milestone/

Sources: quotes

PRESS2025-04-14

Palma Development on track to deliver Serenia Living on Palm Jumeirah by Q4 2025

ZAWYA
Executive Director Omar Derbas emphasised that delivering projects on time is key to building credibility in Dubai’s highly competitive real estate market.
value seen: Delivering projects on time is key to building credibility in Dubai’s highly competitive real estate market.
https://www.zawya.com/en/projects/construction/palma-development-on-track-to-deliver-serenia-living-on-palm-jumeirah-by-q4-2025-435596

Sources: since

SOCIALdate not shown in source

Omar Derbas

LinkedIn
Executive Director - Development & Engineering - Palma Holding (Current) Mar 2006 - Present
value seen: Mar 2006 - Present
https://ae.linkedin.com/in/omar-derbas-259564254

Sources: summary

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Omar has over ten years of experience in Real Estate Development, Project Management, and Construction Management. He has successfully delivered seven high-rise buildings in Dubai, including the prestigious Infinity-Cayan Tower.
value seen: Omar Derbas is Palma Development’s chief development officer, responsible for development, project and construction management.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: tags

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
## Omar Derbas Chief Development Officer Palma Development
value seen: Chief Development Officer
https://palmadevelopment.ae/about-us/

Sources: tags

SOCIALdate not shown in source

Omar Derbas

LinkedIn
Omar Derbas is the Partner and Executive Director of Palma Development, within the Palma Holding group. He holds over 15 years of experience in Real Estate Development, Project Management and Construction Management.
value seen: 15+ yrs real estate
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://ae.linkedin.com/in/omar-derbas-259564254

Sources: tags

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
He has successfully delivered seven high-rise buildings in Dubai, including the prestigious Infinity-Cayan Tower.
value seen: High-rise delivery
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: tags

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Omar also leads our Corporate Social Responsibility (CSR) department and is actively involved in various CSR initiatives.
value seen: CSR lead
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: tags

SOCIALdate not shown in source

Omar Derbas

LinkedIn
Omar is also the Partner & Board Member of Palma Investment
value seen: Palma Investment board member
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://ae.linkedin.com/in/omar-derbas-259564254

Sources: tags

SOCIALdate not shown in source

Omar Derbas

LinkedIn
Bachelor's degree, Mechanical Engineering at American University of Beirut
value seen: Mechanical Engineering
value paraphrased from this source
https://ae.linkedin.com/in/omar-derbas-259564254

Sources: title

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Chief Development Officer
value seen: Chief Development Officer
https://palmadevelopment.ae/about-us/
RH
Rana Hariz
Rana Hariz leads Palma’s sales, leasing, operations and investment functions. Her documented track record includes more than AED 3 billion in Dubai residential sales, prior leadership of Palma’s sales and investment advisory division, and responsibility for operational strategy and client experience.
Current title
Executive Director Sales, Leasing & Operations
since Sep 2013 - Present
Experience
20+ years real estate
Companies before
none sourced
Education
Harvard Business School Executive EducationReal Estate Management Program: Finance, Design, and Leadership
Notre Dame University - Louaize (NDU)Bachelor of Business Administration (BBA)
Other boards
none sourced
Known for
Executive DirectorAED 3bn residential salesSales and operationsHarvard Business School programInvestor relations
https://linkedin.com/in/rana-hariz-82b9a529
Our mission is to deliver premium living experiences while staying ahead of market trends and demographic shifts. Gulf News December 22, 2025https://gulfnews.com/podcasts/tell-me-why/tell-me-why-dubais-property-market-keeps-breaking-records-1.500385135
Every project we undertake reflects our dedication to innovation, quality, and shaping the future of lifestyle-led communities in Dubai. Gulf News December 22, 2025https://gulfnews.com/podcasts/tell-me-why/tell-me-why-dubais-property-market-keeps-breaking-records-1.500385135

Sources: education

SOCIALdate not shown in source

Rana Hariz

LinkedIn
Real Estate Management Program: Finance, Design, and Leadership at Harvard Business School Executive Education
value seen: Real Estate Management Program: Finance, Design, and Leadership at Harvard Business School Executive Education
https://linkedin.com/in/rana-hariz-82b9a529

Sources: education

SOCIALdate not shown in source

Rana Hariz

LinkedIn
Bachelor of Business Administration (BBA) at Notre Dame University - Louaize (NDU)
value seen: Bachelor of Business Administration (BBA) at Notre Dame University - Louaize (NDU)
https://linkedin.com/in/rana-hariz-82b9a529

Sources: linkedin page

SOCIALdate not shown in source

Rana Hariz

LinkedIn
# Rana Hariz
value seen: https://linkedin.com/in/rana-hariz-82b9a529
value paraphrased from this source
https://linkedin.com/in/rana-hariz-82b9a529

Sources: quotes

PRESS2025-12-22

Tell Me Why Dubai’s property market keeps breaking records

Gulf News
Rana: “Our mission is to deliver premium living experiences while staying ahead of market trends and demographic shifts.”
value seen: Our mission is to deliver premium living experiences while staying ahead of market trends and demographic shifts.
https://gulfnews.com/podcasts/tell-me-why/tell-me-why-dubais-property-market-keeps-breaking-records-1.500385135

Sources: quotes

PRESS2025-12-22

Tell Me Why Dubai’s property market keeps breaking records

Gulf News
Rana: “Every project we undertake reflects our dedication to innovation, quality, and shaping the future of lifestyle-led communities in Dubai.”
value seen: Every project we undertake reflects our dedication to innovation, quality, and shaping the future of lifestyle-led communities in Dubai.
https://gulfnews.com/podcasts/tell-me-why/tell-me-why-dubais-property-market-keeps-breaking-records-1.500385135

Sources: since

SOCIALdate not shown in source

Rana Hariz

LinkedIn
Executive Director - Sales, Leasing & Operations (Current) Sep 2013 - Present
value seen: Sep 2013 - Present
https://linkedin.com/in/rana-hariz-82b9a529

Sources: summary

SOCIALdate not shown in source

Rana Hariz

LinkedIn
As Executive Director, I lead Palma’s Sales, Leasing, Operations, and Investment divisions — shaping the company’s strategy, governance, and client experience across its luxury portfolio.
value seen: Rana Hariz leads Palma’s sales, leasing, operations and investment functions.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/rana-hariz-82b9a529

Sources: tags

SOCIALdate not shown in source

Rana Hariz

LinkedIn
Executive Director - Sales, Leasing & Operations at Palma Holding
value seen: Executive Director
value paraphrased from this source
https://linkedin.com/in/rana-hariz-82b9a529

Sources: tags

PRESS2025-12-22

Tell Me Why Dubai’s property market keeps breaking records

Gulf News
With over 20 years of real estate experience, Rana has spearheaded Palma Development’s operations, sales, leasing, and investment divisions
value seen: 20+ yrs real estate
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://gulfnews.com/podcasts/tell-me-why/tell-me-why-dubais-property-market-keeps-breaking-records-1.500385135

Sources: tags

SOCIALdate not shown in source

Rana Hariz

LinkedIn
Contributed over AED 3 billion in Dubai residential sales
value seen: AED 3bn residential sales
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/rana-hariz-82b9a529

Sources: tags

PRESS2025-12-22

Tell Me Why Dubai’s property market keeps breaking records

Gulf News
Rana has spearheaded Palma Development’s operations, sales, leasing, and investment divisions
value seen: Sales and operations
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://gulfnews.com/podcasts/tell-me-why/tell-me-why-dubais-property-market-keeps-breaking-records-1.500385135

Sources: tags

SOCIALdate not shown in source

Rana Hariz

LinkedIn
Real Estate Management Program: Finance, Design, and Leadership at Harvard Business School Executive Education
value seen: Harvard Business School program
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/rana-hariz-82b9a529

Sources: tags

SOCIALdate not shown in source

Rana Hariz

LinkedIn
Played an instrumental role in shaping Palma’s investor-relations platform
value seen: Investor relations
value paraphrased from this source
https://linkedin.com/in/rana-hariz-82b9a529

Sources: title

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Executive Director Sales, Leasing & Operations
value seen: Executive Director Sales, Leasing & Operations
https://palmadevelopment.ae/about-us/
ND
Natalie Derbas
Natalie Derbas is Palma Development’s interior design director. The company describes her remit as bringing creative vision and technical expertise to award-winning projects and identifies her as the designer behind notable flagship interiors.
Current title
Interior Design Director
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Interior Design DirectorCreative directionTechnical expertiseFlagship-project design
https://ae.linkedin.com/in/natalie-derbas-0a07ba330

Sources: linkedin page

SOCIALdate not shown in source

Natalie Derbas

LinkedIn
# Natalie Derbas
value seen: https://ae.linkedin.com/in/natalie-derbas-0a07ba330
value paraphrased from this source
https://ae.linkedin.com/in/natalie-derbas-0a07ba330

Sources: summary

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
As a Director of Interior Design, Natalie brings a wealth of creative vision and technical expertise to our award-winning projects.
value seen: Natalie Derbas is Palma Development’s interior design director.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: tags

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Interior Design Director
value seen: Interior Design Director
https://palmadevelopment.ae/about-us/

Sources: tags

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Natalie brings a wealth of creative vision and technical expertise to our award-winning projects.
value seen: Creative direction
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: tags

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Natalie brings a wealth of creative vision and technical expertise to our award-winning projects.
value seen: Technical expertise
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: tags

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
She is the brains behind some of the most iconic designs that are seen in Palma Development’s flagship projects.
value seen: Flagship-project design
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: title

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Interior Design Director
value seen: Interior Design Director
https://palmadevelopment.ae/about-us/
BC
Basel Chakour
Basel Chakour oversees technical delivery at Palma Development, coordinating contractors, consultants and design teams and integrating MEP systems with design intent. His documented prior experience includes MEP project-management work at Arabtec on major Dubai towers.
Current title
Technical Director
since Oct 2025 - Present
Experience
no career length stated
Companies before
Arabtec Construction
Education
not published
Other boards
none sourced
Known for
Technical DirectorMEPProject deliveryex-ArabtecPMP
https://linkedin.com/in/basel-chakour-41b63926

Sources: linkedin page

SOCIALdate not shown in source

Basel Chakour

LinkedIn
# Basel Chakour
value seen: https://linkedin.com/in/basel-chakour-41b63926
value paraphrased from this source
https://linkedin.com/in/basel-chakour-41b63926

Sources: previous companies

SOCIALdate not shown in source

Basel Chakour

LinkedIn
### Arabtec Construction
value seen: Arabtec Construction
https://linkedin.com/in/basel-chakour-41b63926

Sources: since

SOCIALdate not shown in source

Basel Chakour

LinkedIn
Technical Director (Current) Oct 2025 - Present
value seen: Oct 2025 - Present
https://linkedin.com/in/basel-chakour-41b63926

Sources: summary

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Basel oversees the technical delivery of all our projects, skilfully managing relationships with external contractors, consultants, and design teams to uphold engineering excellence across our portfolio.
value seen: Basel Chakour oversees technical delivery at Palma Development, coordinating contractors, consultants and design teams.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: tags

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Technical Director
value seen: Technical Director
https://palmadevelopment.ae/about-us/

Sources: tags

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
His extensive background in MEP systems and project execution covers major developments such as Silverene Towers, Infinity Tower, Ocean Height Tower, and Standpoint Twin Towers
value seen: MEP
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: tags

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Over more than a decade at Palma, he has developed the relationships, systems, and expertise needed to navigate the complexity of premium residential development
value seen: Project delivery
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: tags

SOCIALdate not shown in source

Basel Chakour

LinkedIn
### Arabtec Construction #### MEP Project Manager Infinity tower
value seen: ex-Arabtec
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/basel-chakour-41b63926

Sources: tags

SOCIAL2020-07-11

BaselCongratulations BaselWell done 👍🏻congratulation

LinkedIn
PMP-RIT-ProjectManagement
value seen: PMP
value paraphrased from this source
https://www.linkedin.com/posts/basel-chakour-41b63926_pmp-rit-projectmanagement-activity-6687793164973039616-buEF

Sources: title

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Technical Director
value seen: Technical Director
https://palmadevelopment.ae/about-us/
CE
Charaf Eddine Mounaim
Charaf Eddine Mounaim leads Palma Development’s brand vision, marketing and communications, including digital transformation across the portfolio. The company describes his remit as spanning flagship launches, CRM and marketing automation, and identifies him as PMP-certified.
Current title
Marketing & Communications Director
Experience
10+ years luxury real estate
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Marketing & Communications DirectorDigital transformationPMP-certified

Sources: summary

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Charaf Eddine drives the brand vision, marketing strategy, and digital innovation across Palma Development’s prestigious premium developments.
value seen: Charaf Eddine Mounaim leads Palma Development’s brand vision, marketing and communications, including digital transformation across the portfolio.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: tags

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Marketing & Communications Director
value seen: Marketing & Communications Director
https://palmadevelopment.ae/about-us/

Sources: tags

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
With more than a decade of expertise in luxury real estate and elite markets
value seen: 10+ yrs luxury real estate
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: tags

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Beyond brand strategy, he leads the company’s digital transformation programme
value seen: Digital transformation
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: tags

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
A PMP-certified leader, Charaf Eddine champions a communications ecosystem
value seen: PMP-certified
value paraphrased from this source
https://palmadevelopment.ae/about-us/

Sources: title

COMPANYdate not shown in source

About Palma Development | Leading Dubai Property Developer

Palma Development
Marketing & Communications Director
value seen: Marketing & Communications Director
https://palmadevelopment.ae/about-us/

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

4 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Serenia LivingDubai, United Arab Emirates
West Crescent, Palm Jumeirah
residential for sale2261B+G+12/14/19/191,182,000 sq ftAED 3bn
gdv
50/5012022October 2022Sep 2025 – Dec 2025Feb 2026+3.5 mo
(+2.0 to +5.0)
sourcedcompleted
La Mer Private HomeDubai, United Arab Emirates
La Mer
residential for sale—3——80/201——Jul 2024 – Sep 2024Dec 2025+16.0 mo
(+15.0 to +17.0)
estimatedcompleted
Olivara Residences & ParkDubai, United Arab Emirates
Dubai Studio City
residential for rent2501——AED 365m
investment announced
10% First Installment; 30% Under Construction; 1% On Handover; 59% Post Handover1———Jan 2020 – Dec 2020—not scorablecompleted
Serenia Residences The PalmDubai, United Arab Emirates
Palm Jumeirah
residential for sale2501B + G + 971,300 m²AED 1.5bn
other
10% / 40% / 50%12015May 2015Sep 2017 – Dec 2017Jan 2018+2.5 mo
(+1.0 to +4.0)
sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

6 found
PROJECT AWARD Winner 15 May 2025
Best Luxury Beachfront Development · Serenia Living
Palma Development was announced as the winner for Serenia Living on Palm Jumeirah, Dubai.
PROJECT AWARD Winner September 2025
Apartment/Condominium Development Dubai · Serenia Living
Palma Development reported that Serenia Living secured the Arabian Property Awards 2025 award in this Dubai category.
PROJECT AWARD Winner September 2025
Residential High-Rise Development Dubai · West Residence, Serenia District
Palma Development reported that West Residence was honoured in the Arabian Property Awards 2025 category for residential high-rise development in Dubai.
PROJECT AWARD Winner September 2025
Residential Interior Apartment Dubai · West Presidential Penthouse, Serenia Residences The Palm
Palma Development reported that the West Presidential Penthouse earned the Arabian Property Awards 2025 distinction for residential interior apartment in Dubai.
PROJECT AWARD Winner 7 July 2025
Best Luxury Single Family Home · La Mer Private Home
Luxury Lifestyle Awards announced Palma Development as the winner for La Mer Private Home in Dubai.
PROJECT AWARD Winner 2017
Best New Project · Serenia Residences, The Palm
Property Finder’s published 2017 winners list records Serenia Residences, The Palm as the first-place Best New Project winner; this older recognition remains a documented landmark achievement, but no newer independent status was established from the retrieved evidence.
Property Finder Real Estate Awards · https://awards.propertyfinder.ae/previous-winners/

Risks

Risk flags

1 found
DELIVERY DELAY Published 22 June 2023; reported completion February 2026; researched 8 October 2026
Serenia Living, developed by Palma Holding/Palma Development, was reported with completion targeted for December 2025 and handover expected in Q1 2026; Palma later stated the project was completed in February 2026 and handovers had begun, so the evidence supports a short resolved delivery slippage rather than an active stalled project.

Record status

active
Coverageactive
Tracked sinceOctober 6, 2026
Last checkedOctober 8, 2026 this month
Profile last researchedOctober 8, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.