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United Arab Emirates Procurement News Notice - 90937


Procurement News Notice

PNN 90937
Work Detail With 25% of the construction work already completed, the project is well on track for its expected June 2026 handover UAE - DHG Properties, a key real estate company with Swiss legacy, has announced that steady progress has been made on its inaugural Dubai project, Helvetia Residences, in Jumeirah Village Circle (JVC). With 25% of the construction work already completed, the project is well on track for its expected June 2026 handover. Giving a project update, FHG Properties said structural works have reached the 7th level of the building, following the successful completion of the ground floor, three podium parking levels, and the first two apartment floors. Infrastructure installations are carried out simultaneously, while major milestones have been achieved in blockwork, plastering, and interior finishing across multiple levels, it stated. In line with DHG’s commitment to delivering Swiss quality, a dedicated team of Swiss specialists is scheduled to come in April to oversee the project’s execution and ensure every detail reflects the precision and craftsmanship synonymous with the DHG brand. Blagoje Antic, Chairman of the Board and CEO of DHG Group, said: The continued progress at Helvetia Residences reflects our team’s dedication to delivering a landmark project in Dubai Backed by our Swiss heritage, we remain committed to the highest standards of design, comfort, and functionality - not only for this project but also for our future developments, as we have ambitious growth plans in this market. We are excited about our second development in Meydan Bu Kadra as we continue to bring extraordinary developments for Dubai residents, stated Antic. Helvetia Residences, he stated, has attracted a diverse mix of local and international buyers, particularly from Europe, which resulted in 90% of the units being sold in less than a year since sales began. This is a strong testament to DHGs track record of developing projects that blend premium Swiss quality and affordable luxury living concepts. The strong sales performance is supported by the sustained investor confidence in Dubai’s off-plan sector, which accounted for over 60% of total property transactions in 2024, he noted. With robust infrastructure development and a positive economic outlook, demand for off-plan properties is expected to continue growing throughout 2025, he added.
Country United Arab Emirates , Asia
Industry Construction
Entry Date 17 Feb 2025
Source https://www.zawya.com/en/business/real-estate/dhgs-jumeirah-village-circle-project-on-track-for-h1-handover-ngutydjj

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