Staff Report,
Dubai, UAE
DHG Properties, a Swiss real estate developer, has entered into a Dh250 million construction contract with UAE-based Aroma International Building Contracting for Helvetia Residences following the official off-plan sales launch in February 2024. The developer has already completed 10 percent of the project’s construction in Jumeirah Village Circle (JVC). The 430-unit Helvetia Residences is scheduled for completion and delivery by Q2 2026.
Miloš Antić, Vice Chairman of DHG Holding & Founder of DHG Properties, said, “With Helvetica Residences being our flagship project in Dubai, our collaboration with a contractor that delivers unparalleled quality is paramount. Considering thorough industry analysis, it’s evident that the UAE real estate market exhibits a robust appetite for investing in residential real estate, particularly in luxury and high-end developments. At our core, we are dedicated to crafting premium yet affordable residences that elevate the standard of living for our customers. This ethos drives our excitement in partnering with Aroma, a homegrown entity boasting market expertise and a reputable track record. Together, we’re poised to replicate the success we’ve achieved in Europe for over 30 years, delivering exceptional developments that redefine luxury living experiences in Dubai and beyond.”
Approaching 40 years of operations in the UAE, Aroma has spearheaded the construction of several residential projects with record time delivery. It has worked with Ellington, for which it secured approximately Dh305 million in contracts over recent years. Additionally, Aroma has also helped strengthen Dubai’s infrastructure by working with the Dubai Police, Dubai Hospital, Dubai Health Authority, and Dubai Municipality.
Sajeev P.K., Managing Director of Aroma International Building Contracting LLC, said, “Understanding DHG’s ambition to provide premium quality that aligns with Swiss standards, and the calibre of which it consistently delivers to European markets, this partnership was a no-brainer for us; we hold similar values that have been seen by the more than 200 projects that we have delivered in the last 22 years, in addition to the several projects we have brought to life in the UAE since 1988, and we look forward to working closely with DHG to support them in their objective of solidifying their presence in Dubai.”
Ends
Also read: DHG sells 15% of Dh600m Helvetia Residences in one day
