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Palma Holding is a developer specializing in the construction of luxury real estate. The company was founded back in 1998 and is among the oldest and most respected developers in Dubai. The co-founder and director of Palma Holding Properties is Kareem Derbas. Mr. Rauf Derbas is the other main co-founder. The company is actively involved in charitable activities in the field of medicine and education. Financing the construction of schools in Lebanon, organizing blood drives, charity marathons and the distribution of gifts during Ramadan are some of their charitable initiatives