DHG Properties announces September launch date for its premiere residential development in JVC

DHG Properties announces September launch date for its premiere residential development in JVC

Average rental prices surged 22% through the first six months of 2023

Approximately 1,000 HNWIs migrate to the UAE every year

Dubai, UAE: DHG Properties, a renowned Swiss property developer with an extensive track record spanning over three decades, announces that off-plan sales for its flagship residential development in Dubai, ‘Helvetia Residences,’ will commence in September. Located in Jumeirah Village Circle, this project will be a first-of-its-kind in the emirate as it offers premium quality at an affordable price, a staple of DHG Properties since its inception nearly 30 years ago.

After announcing its entrance into the UAE market at the tail-end of H2, DHG Properties’ upcoming project is rising at an opportune time for the country’s residents; with average rental prices having surged by 22% through the first six months of this year , residents are increasingly leaning towards buying versus renting. This was a contributing factor that saw the value of off-plan residential sales in Dubai climb by 38% Year-over-Year (YoY), and by 30% in volume in Q2 of 2023 .

Furthermore, given that the Central Bank of the UAE has outlined measures that are designed to curb elevated interest rates on residential real estate loans that are intended for end-users ,