Chairman/CEO: Kareem Derbas
Country of origin: United Arab Emirates
Year established: 1998
Palma Holding mainly focuses on developing boutique in Dubai’s premium districts. They have completed premium properties which values over AED 3.5 billion.
Their developments are unique that have provided the buyers with superior investment returns over the years. Their key focus of the Development Management Services division at Palma is to support investors in their quest to develop outstanding properties. They aim at taking investor’s projects from land selection to handover of units, which include sourcing the right plot, site investigations, conducting feasibility studies, raising capital, developing a design, working and managing architects, consultants and contractors, legal & accounts management, construction works, sales & marketing and asset management.
They have also developed and acquired prime waterfront retail assets that have delivered solid, recurring revenue streams. They aim to invest, develop and acquire prime retail assets and explore opportunities in the hospitality sector to add to the recurring revenue stream.