Leading Swiss real estate developer DHG Properties has revealed that, with 58% of its units sold within the development, it has reached a noteworthy sales milestone for its most recent project, Helvetia Residences, situated in Jumeirah Village Circle, Dubai.
The real estate market in Dubai has experienced remarkable growth, with both ready and off-plan property activity. In Q2 of 2024, off-plan properties accounted for approximately 62.4% of all transactions, according to a statement from the company.
According to the report, flats were the most popular type of real estate, valued at AED 4.3 billion. Hotspots like Dubai Hills, Business Bay, and Jumeirah Village Circle accounted for 81.7% of these transactions.
In the same time frame, ready properties fared well as well, accounting for 37.6% of the market with transactions totaling AED 3 billion.
It further stated that this strong performance demonstrates Dubai’s resilient market and rising investor interest, particularly in the residential real estate sector.
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 both 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 when 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 Helvetia Residences project, which is presently under construction, which is another indication that this surge has affected sales.
“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 to our excellence overseas, and it remains a formula that we are working towards replicating here as well,” he added.
DHG Properties is expanding its portfolio and serving the diverse population of Dubai by introducing its distinct European flair to Jumeirah Village Circle with the Helvetia Residences project.
The 30-year-old Swiss developer has over 1,500 residential and commercial projects in the pipeline in addition to 300 completed projects and 2.5 million sq m of development under their belt.
