East Residence 5 At Serenia District

Key facts

Handover

Q2 2030

Status

Under construction

Ownership

freehold

Property types

apartment, penthouse

Availability

Available

How East Residence 5 At Serenia District compares

Entry here is AED 2.0M, against a median of AED 2.0M across the 6 priced projects in Serenia District East, which puts it above 4 of them and below 1. The plan opens at 10% down, against a Dubai median of 10%, in line with the market. Handover lands in Q2 2030, alongside 42 other projects completing in the same quarter. Palma Development has 8 projects in our catalogue, 6 of them in Serenia District East.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

Payment plan

Available units

Amenities

• Retail Facilities
• Gymnasium
• Restaurants
• Indoor Swimming Pool
• Landscaped Gardens
• Community Hall
• Children's Play Area
• Shared Spa

Location

East Residence 5 At Serenia District sits in Jumeirah Islands.

Master plan

The developer’s own site plan for East Residence 5 At Serenia District, showing how the buildings, roads and open space sit together.

What you pay, and when

The published schedule splits the price 10% on booking, 50% during construction and 40% at handover. The 50% due during construction falls in five instalments of 10%, at 1, 5, 12, 24 and 36 months from booking. At the AED 1,960,000 entry price, that is AED 196,000 to reserve a unit, AED 980,000 across the build, and AED 784,000 due on completion.

Registration with the Dubai Land Department adds 4% of the purchase price, roughly AED 78,000 at this entry price. That 10% booking payment is not paid to Palma Development directly: Dubai's Law 8 of 2007 requires a registered project to hold it in a RERA-supervised escrow account, drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 850 square feet at AED 1,960,000, which works out at AED 2,306 per square foot. Stated sizes run from 850 to 2,745 square feet.

Ownership and residency

Ownership at East Residence 5 At Serenia District is freehold: a buyer of any nationality can own a unit outright and hold the title deed. The entry price is below the AED 2,000,000 property threshold for the 10 year UAE golden visa, though 2 bedroom units here start at AED 3,500,000 and clear it on their own.

Who it suits

The development is apartments and penthouses in 1 to 4 bedroom layouts. 1 bedroom units start at AED 1,960,000 and 4 bedroom units at AED 8,230,000, so one building covers a first rental purchase and a family home.

What is on site

Shared facilities recorded for East Residence 5 At Serenia District lead with retail facilities, community hall and shared spa, alongside the gymnasium, restaurants, indoor swimming pool, landscaped gardens and children's play area that most Dubai developments carry. 4 floor plans are published for it.

Frequently asked