“We remain positive, ambitious and committed to delivering excellence across our spectrum of real estate initiatives.”
18 years of commitment, perseverance and success… In a relatively short period of time, Palma Holding has grown to become a specialised and diversified real estate company based in Dubai, focusing on real estate development, sales & leasing, property management. Palma has persevered during the tough years of 2008 – 2012, where our determination, passion and commitment to our shareholders, our customers and to the dynamic city of Dubai, led us to skillfully deliver on 100% of our real estate projects in excess of AED 3.6 billion (USD 1billion); including two of our iconic projects, Silverene Twin Towers in Dubai Marina (2012) and the Infinity – Cayan in Dubai Marina (2013). During the economic crisis, we focused our financial and physical resources on delivering on all our commitments. This has made us stronger and wiser, and has demonstrated our commitment and loyalty to our customers, investors, authorities and the wider community. Since then, our focus has shifted from survival-mode to growth, while continuing to deliver excellence. We are re-aligning all our strategies, business processes, procedures, recruitment and resource training to achieve this initiative.
Using our track record as a solid foundation, our development strategy aims to deliver prime boutique real estate projects across Dubai’s premium real estate sector. We aim to achieve this goal by either acquiring prime plots from Dubai’s master developers, or by creating special partnerships with owners of prime plots in Dubai. Our focus will remain Dubai Marina, Business Bay, Downtown Burj Dubai District, The Palm and other premium areas.
Within the last two years we have diversified our business to secure a higher percentage of our income from recurring revenue sources. We have developed and acquired prime waterfront retail assets that have delivered solid, recurring revenue streams. We have assembled a team of professionals to manage these assets to achieve their maximum potential value. Going forward we will continue to invest, develop and acquire prime retail assets, while exploring new opportunities in the hospitality sector to add to this recurring revenue stream.
At our core, we aim to deliver excellence to our customers, whether the customer is looking for a home to enjoy a specific lifestyle, a real estate investment opportunity, an income-yielding asset or management services for their real estate portfolio. We will continue to expand and improve our agency services, which include buying or selling real estate, leasing services, management services, consultancy and investment advisory services. While we have no aim in becoming one of the largest agencies in Dubai, we are endeavoring to become Dubai’s premium boutique agency, providing our clientele with premium, focused services for all their real estate requirements.
Our unwavering commitment to Dubai will continue into the future, as it has been in the past. We have enjoyed the growth years, persevered through the tough ones and we are now focused and energised for the new opportunities Dubai has to offer. Our belief and confidence in Dubai has only grown over the years due to the unique vision of the leadership, the ambitious future plans of the Emirates and the realisation of its strategic investments and advancements (infrastructure, airports, transportation, hospitality, e-government initiatives and more). Dubai’s resilience to the global economic crisis, along with its unique economic model has allowed it to remain a frontrunner of economic growth and innovation in the region, providing a vast selection of investment opportunities. Our learning curve throughout Dubai’s economic cycle has placed us in a unique position to continue our successful real estate journey into the future and we will strive to further differentiate ourselves as a boutique, specialized real estate organization, bringing various opportunities to customers, investors, the real estate landscape and the wider community. We will also endeavor to build on our various social responsibility initiatives including strategic education and medical initiatives, as well as basic humanitarian initiatives. We remain positive, ambitious and committed to delivering excellence across our spectrum of real estate initiatives.