DHG buys plot in Dubai Islands for landmark residential project
DUBAI, February 27, 2025
DHG Properties, a leading Swiss real estate development and construction company, has announced the acquisition of a prime land plot on Dubai Islands, to set up its third residential project in the city, at an investment of AED260 million ($71 million).
The new development will feature 100 premium apartments across 11 floors, with a built-up area of 14,500 sq m, offering modern living spaces with complementary amenities.
Dubai Islands, formerly known as Palm Deira, a visionary waterfront destination, is rapidly emerging as a premier real estate hotspot, stated the Swiss developer.
Strategically positioned to offer seamless connectivity to Dubai’s central districts, the island is set to become a leading residential and tourism hub.
With top-class beaches, entertainment venues, and an emphasis on sustainability, Dubai Islands aligns with Dubai’s ambition to enhance its global appeal as a top-tier living and investment destination, it said.
According to DHG Properties, the strategic buy at the Dubai Islands marks its second major investment since the start of 2025.
This new acquisition follows its first project, Helvetia Residences in JVC, and the recent announcement of an AED300 million residential project in Meydan Bukadra, featuring 110 apartments.
On the project launch, Chairman Blagoje Antic said: "Our third project in Dubai underscores our long-term commitment to this thriving market. Dubai Islands is truly an exceptional location that represents the future of premium waterfront living, and we are proud to bring our Swiss heritage of over 30 years and 300 completed projects in Europe to this dynamic city."
"With a dedicated focus on superior quality, we aim to create residences that offer lasting value and timeless appeal to enhance not only the city’s landscape but also contribute to elevated community living," he added.
DHG Properties said its latest project will contribute to this dynamic landscape, offering premium Swiss-quality residences that blend contemporary design with timeless craftsmanship.
The development will feature modern amenities, catering to the refined lifestyle of Dubai’s residents, it stated.
Milos Antic, Vice Chairman of DHG Holding and CEO of DHG Properties, said: "The rapid growth of Dubai’s real estate sector presents an incredible opportunity for us to bring our expertise in high-quality development projects, supporting Dubai’s vision as one of the most desirable places to live, work, and invest in."
"As Dubai continues to attract global investors and residents, DHG Properties remains committed to bringing its signature Swiss quality to the market, ensuring that each development contributes to the city’s reputation as a world-class real estate destination," he added.-TradeArabia News Service
