DHG Properties, which is a renowned property developer from Switzerland, announced that it is planning on launching its first-ever project in Dubai, UAE before the current year comes to an end.
The flagship development of the company is all set to be launched in Jumeirah Village Circle (JVC), which is one of the most popular and upcoming areas in the city.
In a media statement released by the developer, the Founder and Director, Blagoje Antic, revealed that the company is looking forward to creating more properties in Dubai.
In his words, every property built by DHG Properties will maintain a high standard of living, which the city is known for while fostering sustainable housing and offering high value to the residents.
He went on to express excitement at being able to introduce the brand to the growing real estate market of Dubai to showcase the premium but affordable properties that DHG Properties can deliver.
Jumeirah Village Circle
JVC is one of the most popular areas for the residents of the city, and the real estate market is currently steadily climbing in Dubai.
Consequently, DHG Properties believes that this is a great time for it to kick off its journey at the location and introduce many more properties in the next couple of years.
As of now, the company hopes to sell no less than 430 units in the off-plan market in JVC, which is going to feature its innovative architectural build and design.
The announcement from DHG Properties comes at a time when the real estate market in Dubai is recording one spike after the other.
In the third quarter of the current year, the city has recorded a 40% increase in the overall value of real estate transactions. As of now, these transactions are worth AED97.55 billion.
In addition, there has been a 22% surge in the total amount of transactions as compared to the corresponding period of the previous year. As of now, this number stands at 31,216.
Highest transactions
In the three months of the third quarter of 2023, the highest transaction value has been recorded in multiple locations.
These include Palm Jumeirah, Dubai Harbour, Sobha Hartland, Dubai Creek Harbour, and Business Bay.
Meanwhile, the areas that registered the highest number of transactions overall were Arjan, Business Bay, Jumeirah Lake Towers, Sobha Hartland, and Jumeirah Village Circle.
Consequently, London Gate, a leading project developer, has also revealed plans to deliver around 2,000 high-end residential units in various prime locations in the city over the upcoming six months.
Some of its upcoming projects that promise luxurious living are Maya V, Nadine I and II, and Marina 106.
Maya V
As soon as the Maya V was launched, its units were sold out at a record speed. Consequently, the strength of the company was reinforced in the Dubai real estate market.
London Gate has already established its reputation in numerous countries across the globe and now brings the timeless elegance of its city of origin to Dubai.
