DHG launches sales for inaugural residential development project in Dubai

23 February 2024 10:33

SBC UAEZurich CCGreater Zurich

Zollikon/Dubai - DHG Properties is set to launch the construction and sales for Helvetia Residences in Dubai, its first project in the region. The real estate developer from the canton of Zurich is investing the equivalent of over 144 million Swiss francs in the residential real estate complex with 430 residential units of various sizes.

DHG Holding, the real estate development division of DHG Holding based near Zurich, is developing its first project in Dubai. Helvetia Residences is being built in Jumeirah Village Circle in the center of Dubai. It has now been officially unveiled. The investment is expected to amount to the equivalent of over 144 million Swiss francs. According to a statement, the company intends to tap into the boom in the real estate sector in the capital of the Emirate of Dubai.

Real estate prices in Dubai rose by 19 per cent in 2023, writes the statement. DHG expects Dubai's real estate market to grow by around 15 per cent in 2024. In addition, the United Arab Emirates anticipates a population increase from 3.5 million people in 2023 to 5.5 million in 2030. As a result, more living space will be required.“In response to the market’s evolving needs, DHG Properties is set to stand at the forefront of this transformation with its commitment to developing premium and affordable housing options aligning with a critical demographic of Dubai,” says the company. 

Miloš Antić, Vice President and Member of the Board of Directors, said it is vital to “recognize the importance of aligning with market dynamics”. He considers Dubai to be “one of the hottest markets, if not the hottest, for property right now”. Accordingly, this real estate project could promise its buyers a high return on investment. 

The luxuriously appointed Helvetia Residences will comprise 430 apartments of varying sizes. It will also offer urban facilities such as a rooftop pool, a fitness center, a restaurant and a pharmacy. ce/mm

Swiss Pavilion Digital

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