Swiss developer DHG Properties has completed its first Dubai development, beginning handover of Helvetia Residences in Jumeirah Village Circle (JVC). The 25-storey tower, spanning more than 73,000 square metres of built-up area, carries a project value of roughly $200 million (about Dh734.5 million). All 430 homes — a mix of studios and one-, two- and three-bedroom apartments — sold out before construction was finished.
The building was delivered in under two years, a notably quick turnaround at a time when delivery delays remain common across parts of Dubai's residential market. Blagoje Antic, chairman, chief executive and founder of DHG Group, said that when the company entered Dubai it committed to carrying its Swiss development heritage into the UAE, from construction methods and maintenance standards to the experience offered to homeowners.
DHG Group, which has more than three decades of experience and over 300 completed projects globally, is already building two further Dubai schemes: Helvetia Verde in Meydan Horizon and Helvetia Marine on Dubai Islands.
The handover comes against the backdrop of a residential market that delivered 104 projects — more than 24,500 units worth close to Dh111 billion in investment — in the first half of this year. Early or on-schedule delivery has become an increasingly important yardstick for buyers assessing a developer's reliability, particularly those weighing off-plan purchases, who now scrutinise construction progress and past completion records more closely before committing.