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- The UAE’s off-plan housing market accounts for nearly 55%[1] All Real Estate Transactions in 2022
- 11,700 transactions worth AED34 billion in May, with off-plan properties accounting for 49% of sales
- DHG brings 30 years of expertise to UAE; its first project in Dubai expected to be announced in second half
Dubai, United Arab Emirates: DHG Property Development, a renowned Swiss property developer with a strong track record of over three decades, announces a strategic expansion into the UAE market. Committed to excellence and affordability, DHG is establishing a presence in the country to revolutionize the real estate landscape by offering quality properties at affordable costs.
Building on a solid foundation of years of experience and expertise, DHG Real Estate Development has successfully delivered numerous prestigious projects in Switzerland as well as in other parts of Europe. The company is now poised to replicate its success by bringing its trusted, signature excellence to the UAE’s vibrant, booming real estate market.
DHG Property Developments recognizes the growing demand from discerning buyers seeking quality and affordable properties. By combining innovative architectural design with meticulous attention to detail, DHG has created developments that have exceeded expectations over the past 30 years and set new benchmarks for the global real estate industry; the UAE will now experience this first-hand.
The real estate sector in the UAE is growing steadily and will continue to prosper for the foreseeable future, with a recent boom in the off-the-plan market. In 2022, the national off-plan housing market will have the highest growth rate, accounting for nearly 55%[2] of all real estate sales in the UAE. Demand for such projects remains strong in 2023, up 95%[3] The first three months compared with the same period last year. The momentum has continued into the second quarter of 2023, with Dubai recording 11,700 transactions worth AED34 billion in May alone. Off-the-plan sales accounted for 49% of the total real estate industry transaction volume and 43% of the total value[4] An increase of 136% over the same period a year ago.
“We are delighted to introduce DHG Property Developments to the UAE market,” said treasure funny, Founder and Director DHG Real Estate Development Company. He added: “We have identified a gap in the UAE development market which we believe DHG Property can fill, delivering homes of unrivaled quality at affordable prices. For decades we have ensured excellence across all developments in Europe We now, we will commit to the same level of excellence for the projects we will bring to the UAE.”
DHG Property Development’s portfolio encompasses a wide variety of residential and commercial properties, carefully designed to meet the ever-changing needs and aspirations of modern residents and businesses. The company’s team of experienced professionals, including architects, designers and project managers, worked together to ensure that every aspect of the development was perfect; this was achieved under the leadership of Blagoje Antić, whose efforts earned him Global recognition, including being named the most successful Serbian businessman abroad (CCIS) by the Serbian Journal of Foreign Affairs and Business and by Bosko Vucurevic, President of the Serbian Chamber of Commerce and Industry.
DHG Property Developments’ entry into the UAE market comes at an opportune time as the country is experiencing significant growth and development. The company aims to contribute to the national vision by creating properties that enhance living standards, foster sustainable communities and provide clients with exceptional value.
Potential buyers and investors can look forward to a new era of quality, affordability and excellence in DHG Property Developments. The company has broken ground on its first project in Dubai, with an official announcement expected next month.
About DHG:
DHG Property Development is a Swiss property developer with over 30 years experience in the European market. DHG, under the leadership of founder and director Blagoje Antić, will launch its first project in Dubai later this year. By entering the UAE market, the company is poised to replicate its success and bring its signature excellence to the country’s vibrant and thriving real estate market.
For all media inquiries, please contact:
Aaron Irasu Karim Jiddah Jinan Hamel | Dusan Solomon
Atrin
e-mail: dhgpr@atteline.com
[1] https://www.cbnme.com/expert-insight/off-plan-properties-driven-factor-for-real-estate-market/
[2] https://www.cbnme.com/expert-insight/off-plan-properties-driven-factor-for-real-estate-market/
[3] https://terranovarealestate.ae/en/blogs/immobilien-news-trends-aus-dubai/immobilienmarkt-dubai-q1-2023-das-leistungsstarkste-quartal-in-der-geschichte-dubais#:~:text=This %20 stands for %20 an %20 increase of %20, %20 increase %20 in %20 first %20 quarter.
[4] https://gulfbusiness.com/dubai-real-estate-transactions-touch-dh34bn-may/
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