Dubai real estate: DHG Properties announces Meydan project to take development pipeline to $272m
European real estate developer DHG Properties is expanding in Dubai with a new AED300m ($82m) project as it looks to increase UAE footprint.
The as-yet unnamed development is its second residential project in Meydan, Dubai.
Building on the successful inaugural launch of Helvetia Residences in JVC last year, this new development marks a significant milestone in DHG's expansion strategy for the UAE market.
DHG Properties announces Dubai real estate project
With a value of AED300m ($82m), the new Meydan project brings DHG's total gross development value to AED1bn ($272m) within its first year of operations in the emirate.
While the property name is yet to be announced, investors and buyers have been given a preview of a development with 110 homes offering modern design and premium amenities.
DHG holds a proven track record of over three decades in the real estate market and more than 300 completed projects in Europe, focusing on Switzerland and Serbia.
This development aligns with Dubai's Urban Master Plan 2040, which aims to transform the city into one of the world's most liveable and sustainable urban centres.
The plan has positioned Meydan as a central player in Dubai's future growth by prioritising developments that enhance community living.
Milos Antić, Vice Chairman of DHG Holding and CEO of DHG Properties Dubai, said: 'When we officially expanded to Dubai last year, our eyes were not only set on enhancing the country's real estate landscape through one project but rather multiple world-class developments.
'Having DHG now rise in Meydan reinforces our commitment. Choosing this location was a strategic choice, with the district trending upwards in recent years, showcasing both strong market demand and investor confidence.
'We aim to deliver unmatched Swiss quality combined with the elegance and vibrancy of Dubai, creating residences that truly resonate with both local families and international investors'.
DHG Properties has rapidly expanded its footprint with a real estate portfolio encompassing more than 2.5 million square metres and a pipeline of 1,500 residential units in development.
The company remains committed to investing in the UAE as part of its long-term strategy, aligning with the nation's visionary goals.
Dubai's real estate sector continues to witness strong demand. In 2024 alone, the city witnessed an unprecedented 180,900 transactions valued at AED522.1bn ($142.1bn) a 36 per cent jump in transaction volume and a 27 per cent increase in total value compared to 2023.
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