DHG Properties, a European real estate firm, has unveiled plans for a new AED 300M (USD 82M) residential project in Meydan, Dubai. This marks the company’s second venture in the area following the successful launch of Helvetia Residences in Jumeirah Village Circle (JVC) last year, underscoring its ambitious UAE expansion strategy.
With a gross development value of AED 1B (USD 272M) achieved in just its first year of operations in Dubai, DHG’s Meydan project will feature 110 homes with modern designs and premium amenities. The company, with over 30 years of experience and 300 completed projects across Switzerland and Serbia, is well-versed in delivering high-quality real estate developments.
The new project aligns with Dubai’s Urban Master Plan 2040, which aims to establish the city as one of the most sustainable and liveable urban centres globally. Meydan, identified as a key growth area, will play a vital role in supporting this vision by fostering developments that promote community living.
Milos Antić, Vice Chairman of DHG Holding and CEO of DHG Properties Dubai, highlighted the strategic importance of Meydan, citing its upward market trends, investor confidence, and strong demand. He emphasised DHG’s dedication to delivering Swiss precision combined with Dubai’s luxury and vibrancy to cater to both local families and international buyers.
DHG Properties’ rapid growth in Dubai includes a portfolio exceeding 2.5 million square metres and 1,500 residential units in development. The firm remains committed to the UAE, aligning its objectives with the nation’s long-term vision.
Dubai’s real estate market continues to thrive, with 2024 recording 180,900 transactions valued at AED 522.1B (USD 142.1B), representing a 36 per cent increase in volume and a 27 per cent rise in value compared to 2023.