DHG Launched Dubai Project with 430 Units

March 12, 2024

DHG Group announced the launch of its inaugural project in the United Arab Emirates, Helvetia Residences, nestled in the vibrant Jumeirah Village Circle (JVC) in Dubai. This Initiative, valued at approximately $200 million, marks a significant milestone for the company as it extends its proven Swiss quality and innovative approach to the dynamic Dubai real estate market.

"It is my great pleasure to introduce our new project, Helvetia Residences. The commitment to quality and innovation, which we have developed over the years in Switzerland, is now being introduced to the market of the United Arab Emirates," said Blagoje Antić, founder and chairman of the board of the company during his opening remarks at the event marking the launch of the project on February 15 at the Ritz Carlton hotel in Dubai. "We aim to redefine standards by offering top-notch residences at accessible prices, reflecting our long-standing company philosophy."

Dubai's property market has experienced a substantial surge, with 68,783 properties sold in 2023, more than doubling the previous year's figures. As the city's population is projected to reach around eight million by 2040, Helvetia Residences emerges as DHG Group's strategic response to Dubai's growing property market.

Unprecedented Demand Ahead of Construction

"The high demand for apartments within the Helvetia project has exceeded all our expectations. On the day of the project's launch, we successfully sold as much as 20% of the available units," emphasizes Miloš Antić, board member and vice president of the DHG Group. Helvetia Residences is located in the Jumeirah Village Circle (JVC) in Dubai and offers 430 apartments of various sizes – from studios to one-bedroom, two-bedroom, and three-bedroom apartments – as well as all the amenities of modern urban life. In addition to a gym and pool, the building contains a restaurant, meditation room, children's playground, jogging track, pharmacy, and a grocery store.

At the project's launch event, Miloš Antić shared, "We are dedicated to enhancing Dubai's already impressive skyline with various projects across the city in the coming years. This step-by-step journey begins in the heart of JVC.“