Dubai real estate: 15% of DHG Properties’ Helvetia Residences sold out on day one of off-plan sales

The sale launch got off to a successful start, with the company announcing that 15 percent of the units in the project were sold out on the first day of the sale on Thursday.

Helvetia Residences in JVC

The AED600 million high-end residential project is currently under development in Jumeirah Village Circle (JVC).

Helvetia Residences, expected to appeal to both end-users and investors, will offer a range of living spaces via 430 units, with state-of-the-art amenities.

Miloš Antić, Vice President and Member of the Board of Directors of DHG Properties, said Helvetia Residences will not only contribute to the city’s housing goals, but also will reflect the company’s dedication to shaping the future of what urban living is in Dubai.

“As our first development in the UAE, this is only the start. We are committed to developing Dubai’s already beautiful skyline with an array of projects throughout the city in the coming years,” he said.

Antić said investors can rest assured that they are securing a project of world-class quality, while end-users will avail an elevated living experience that we have demonstrated on a global scale.

Bringing its signature European touch via Helvetia Residences, DHG looks to strengthen its impact on Dubai’s residential segment by catering to the UAE’s diverse range of nationalities as well as bolstering its own portfolio.

The Swiss realty major said it has a legacy rooted in delivering premium and affordable properties across Europe and internationally.

To date, DHG said it has delivered 300 total projects, covering development of 2.5 million square meters. The company has over 1,000 residential developments currently in its pipeline.

The off-plan segment is estimated to have accounted for approximately 60 percent of real estate transactions in Dubai in 2023, and is expected to continue growing in 2024 by 21 percent to reach a total value of $15.5 billion Q1 this year.