DHG Properties Achieves Major Milestones Amid Dubai’s Real Estate Boom
The market for the property in Dubai is growing tremendously and DHG Properties is among the growing firms in the market. The Swiss based developer which has been creative for over 30 years has recently released some good news especially about its Helvetia Residences at the Jumeirah Village Circle (JVC).
Key Highlights:
- Off-Plan Sales Growth:
- Off-plan property sales rose a record 58 percent YoY in the first quarter of 2014. For Insurance: 7 % in August 2023 while for Non-Insurance: 10.2% in the year ending 31 st December 2023. Slightly less than 2% less of secondary market sales than last year was recorded.
- The total has estimated off-plan sales value in 2023 that is already at AED 126 billion.
- Helvetia Residences:
- This flagship project aims at both the investors and the users giving them a chance to access quality housing at relatively cheaper price.
- Therefore, the strategic location in JVC is designed to address the emerging demand in newer and relatively faster developing environments for residential units.
- Market Trends:
- As compared to other places Dubai’s real estate market continued to be active in the warmer months for both sales and purchases in the off-plan and secondary categories.
- Prices in established locations such as Downtown Dubai & Palm Jumeirah have gone up and the emerging locations like JVC have gotten a boost.
- Future Prospects:
- The increasing populace of people putting their capital in the property sector of Dubai calls for varied types of residences.
- The ongoing company’s strategies are geared towards achieving a perfect blend of affordability meant for different sorts of expatriate living standards other than luxury.
Blagoje Antić, Founder and Director of DHG Properties, emphasized the importance of diverse residential developments to sustain the city’s growth and accommodate its diverse population.
Test your knowledge about DHG Properties
1. What significant milestone did DHG Properties achieve recently?
2. What has been the trend in Dubai’s real estate market recently?
3. What is one of the factors driving the real estate boom in Dubai?