Diving into the sucssesful launch of an ambitious investment
International construction company DHG has successfully launched its first project in the UAE, “Helvetia Residences” at Jumeirah Village Circle (JVC) in Dubai, with an investment worth around $200 million.
“It gives me great pleasure to present our new project Helvetia Residences. The commitment to quality and innovation, which we have developed for years in Switzerland, we are now introducing to the market of the United Arab Emirates,” said Blagoje Antić, the founder and chairman of the company’s board of directors, during his opening remarks at the project launch event on February 15 at the Ritz Carlton Hotel in Dubai. “Our goal is to, in accordance with the company’s long-standing philosophy, offer first-class apartments at affordable prices and thereby set new standards.”
There has been a huge increase in demand for real estate in Dubai, with 68,783 sales in 2023, more than double compared to the previous year. With Dubai’s population approaching four million and set to reach around eight million by 2040, Helvetia Residences represents DHG Group’s strategic response to the lucrative Dubai market.
High demand even before the start of construction
“The high demand for apartments within the Helvetia project exceeded all our expectations. On the day of the project’s launch, we successfully sold as much as 20% of the available units,” points out Miloš Antić, member of the board of directors and vice president of DHG Group. Helvetia Residences is located in Jumeirah Village Circle (JVC) in Dubai and offers 430 apartments of various sizes – from studios to one, two and three bedroom apartments – as well as all the conveniences of modern urban living. In addition to the gym and swimming pool, the building contains a restaurant, meditation room, children’s playground, running track, pharmacy and grocery store.
On the day of the project’s launch, we successfully sold as much as 20% of the available units
Speaking at the project’s launch event, Miloš Antić said: “We are committed to developing the already beautiful Dubai skyline with a series of projects across the city in the coming years, but it is a step-by-step journey that we are starting at the heart of JVC. Investors can be sure that they are investing in a world-class project , while end-users will feel the improved residential experience that we have demonstrated in numerous projects across Switzerland.”
DHG is bringing the Swiss stamp to the UAE market through the Helvetia Residences project, strengthening its influence on the Dubai real estate market and at the same time strengthening its portfolio. To date, DHG Group’s 30-year track record includes achievements such as: delivery of over 300 projects, over 1,000 rental properties in Switzerland, construction and development of 2.5 million square meters, and over 1,000 residential units under development.
