Palma of UAE Awards $1.36 Billion Piling and Shoring Contract for Serenia District
2026-06-29 17:30
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en.Wedoany.com Reported - Palma Development has achieved two key construction milestones for its integrated community project, Serenia District, located in Jumeirah Islands. The overall planned investment value of the project is $1.36 billion. The developer has appointed APCC Piling & Marine Contracting to handle piling and shoring works for Serenia District East, while confirming that foundation works for the West Residence tower have been completed, with main contractor Khansaheb Civil Engineering now on site.

APCC, newly appointed for the East works, has direct relevant experience on the Serenia project, having previously completed piling and shoring for Serenia District West and the Serenia Living project on Palm Jumeirah. The developer believes the subcontractor's familiarity with the Palma standard and Serenia brand requirements makes it a natural choice for the next phase of construction.

At the West Residence, the completion of foundation works marks a key structural milestone for this 46-story tower, which is part of the first phase of Serenia District. Khansaheb Civil Engineering, which was awarded a $270 million construction contract in December last year, has now mobilized on site and commenced operations.

These milestones follow Palma Development's completion of the Serenia Living project on Palm Jumeirah. Following its on-time completion, the majority of owners have taken possession of their units. In a statement, the developer said the continued progress of the Serenia portfolio reflects its disciplined execution approach, commitment to customer trust, and focus on protecting investor confidence through consistent on-time delivery.

Commenting on the key progress, the developer's CEO, Kareem Derbas, said that following the completion announcement of the Serenia Living project, the response from owners has been overwhelming, with the vast majority having taken possession of their homes, and this level of engagement directly reflects customer trust. He added that the company takes every delivery commitment seriously; at Serenia District, it is continuing to build the same foundation, selecting familiar partners, maintaining the pace, and protecting the experience of clients who choose to invest with Palma. Business continuity and on-time delivery are the standards adhered to.

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