A new europium-based metal organic framework, termed KFUPM-3, was constructed using an allyloxy-functionalized linker. As a result of coordinative interactions between the allyloxy moieties and Pd2+, highly selective changes in both the absorption and emission spectra of KFUPM-3 were observed. Accordingly, KFUPM-3 was demonstrated to have an ultrasensitive Pd2+ detection limit (44 ppb), regenerative properties without loss in performance, detection of palladium in different oxidation states and in the presence of other competitor metal ions, and fully functional sensing capabilities over a wide pH range.