DHG launches sale of its first residential project in Dubai
DHG Properties beginnt mit Bau und Verkauf der Helvetia Residences in Dubai, seinem ersten Projekt in der Region. In den Wohnimmobilienkomplex mit 430 Wohneinheiten unterschiedlicher Grösse investiert der Immobilienentwickler umgerechnet über 144 Millionen Franken.
DHG Properties, the real estate development division of DHG Holding based near Zurich, is realising its first project in Dubai, the Helvetia Residences. It is being built in Jumeirah Village Circle in the centre of Dubai. It has now been officially unveiled. According to a press release, the company intends to participate in the boom in the property sector in the capital of the Emirate of Dubai. The investment is expected to amount to the equivalent of over 144 million Swiss francs.
According to the information, property prices there rose by 19 per cent in 2023. DHG expects Dubai’s real estate market to grow by around 15 per cent in 2024. In addition, the United Arab Emirates expects the population to increase from 3.5 million people in 2023 to 5.5 million in 2030. As a result, more living space will be needed. “In response to the evolving market needs, DHG Properties will be at the forefront of this change and committed to developing premium and affordable housing options that cater to a key demographic in Dubai.”
As Miloš Antić, Vice Chairman and member of the Board of Directors, says, DHG recognises “the importance of aligning with market dynamics”. He considers Dubai to be “one of the hottest markets, if not the hottest for property at the moment”. Accordingly, this property project will offer its buyers a high return.
The luxuriously appointed Helvetia Residences will comprise 430 flats of varying sizes. They will also offer urban amenities such as a rooftop pool, a fitness centre, a restaurant and a pharmacy.