DHG Properties, a leading Swiss real estate development company, has announced that it has achieved significant sales milestones for its latest project, Helvetia Residences, located in Jumeirah Village Circle, Dubai, with 58% of its units sold within the development.
Dubai’s Real Estate Market Overview
Dubai’s real estate sector has grown with active off-plan and ready property activity. In Q2 of 2024, off-plan properties accounted for around 62.4% of all transactions, according to a statement from the firm.
Flats were:
- The most popular property type.
- 81.7% of these transactions, with a combined value of AED 4.3 billion, occur in popular areas like Dubai Hills.
- Business Bay.
- Jumeirah Village Circle.
Ready properties fared well within the same period, accounting for 37.6% of the market with sales totaling AED 3 billion.
It added that this robust performance showcases Dubai’s strong market resilience and growing investor interest, particularly in the residential landscape.
Chairman’s perspective on market growth
On the sales milestone, Founder & Chairman Blagoje Antić said: “Dubai keeps proving itself as a top spot for real estate investment as we have witnessed significant growth in sales volume and value. The total number of property transactions reached 43,261 in Q2, up 18.5%, thus netting a total sales value of more than AED120 billion compared to the previous quarter, which recorded 36,448 transactions and amounting to AED108.2 billion.“
Antić noted that we have sold 58% of the units in DHG’s under-construction project, Helvetia Residences, which also reflects this rise in sales.
Future outlook and project strategy
“As the demand for off-plan property in Dubai continues to grow, we are actively anticipating market needs to ensure Helvetia Residences is not only delivered on time but is also setting new industry standards in line with the vision of the UAE – this is what has led t our excellence overseas, and it remains a formula that we are working towards replicating here as well,” he added.
Also Read: Sharjah Sustainable City hits Dh2.5 billion in sales
DHG Properties’ contribution to Dubai’s real estate landscape
DHG Properties is introducing its unique European flair to the UAE in JVC through the Helvetia Residences development, serving the diverse population of Dubai and expanding DHG’s portfolio in the process.
The Swiss developer boasts a 30-year track record, 300 finished projects, 2.5 million square meters of developed land, and over 1,500 ongoing residential and commercial projects.
-TradeArabia News Service
