DHG Properties, a prominent Swiss property developer, is preparing to introduce its flagship project, Helvetia Residences, in the bustling Jumeirah Village Circle (JVC) in the upcoming fourth quarter.
Helvetia Residences, an off-plan residential development, aims to provide an appealing and budget-friendly housing solution for both investors and prospective residents.
The Entry of DHG Properties into Dubai’s Real Estate Scene
DHG Properties’ entrance into Dubai’s real estate market is poised to invigorate the off-plan property segment, which has already witnessed sales totaling AED 126 billion in 2023, with the next quarter yet to unfold.
During Q3 2022, both off-plan and secondary market sales transactions in Dubai reached a 12-year pinnacle, with 25,456 transactions valued at AED 69.7 billion.
In 2023, DHG Properties has observed a similar trend, with off-plan property sales experiencing substantial growth of 58.7 percent in August compared to the previous year, despite a 10.2 percent decrease in secondary market sales during the same period.
Rental prices, following a noteworthy 22 percent surge from January to July, encountered only a marginal 0.3 percent dip in August due to the strong demand for rental properties.
Emerging Areas Gaining Favor
As property prices continue to soar in well-known Dubai districts like Downtown Dubai, Palm Jumeirah, and Marina, newer areas like JVC are gaining popularity among both tenants and investors.
JVC’s Strategic Appeal
DHG Properties strategically chose JVC as the location for its flagship project, aiming to offer premium-quality housing at an affordable price point.
Blagoje Antić, Founder and Director of DHG Properties, stated, “By selecting JVC for our flagship project and offering premium quality at an accessible price, tenants can enjoy an up-and-coming location, while investors can anticipate a robust return on investment.”
DHG’s Impact on Dubai’s Real Estate Market
With over 85,000 sales transactions recorded since the beginning of the year and monthly transaction volumes in 2023 surpassing previous records, Dubai is on track to outperform its 2009 annual sales record.
DHG Properties’ entry into the UAE market is expected to contribute to this growth, adding to its global portfolio of more than 1,000 apartments and a pipeline of 1,500-plus developments. To date, DHG has created over 1,500,000 square meters of living space.