DIM Group built more than 45 thousand square meters in 2023 and plans to commission approximately 100 thousand square meters of real estate, said Daria Bedia, Marketing Director.
“This year we have built more than 45 thousand square meters. We expect to receive certificates in two of our projects in the near future: the eco-city of Lucky Land and the multifunctional cluster of Park Lake City. Next year, we plan to commission about 100 thousand square meters. We are preparing several new projects to be launched, which we want to present to the market,” Bedia told Interfax-Ukraine.
She stated that since the spring of 2023, the company has been recording a steady increase in demand in the range of 5-6% per month in comfort+ and business class projects.
“In total, we managed to return more than 45% of the pre-war demand. And this is high-quality demand that is converted into real transactions. This is very important, as it indicates the liquidity of the product (concept, format, quality characteristics of the residential complex) and the high pace of construction,” Bedia said.
At the same time, the weighted average growth in construction costs for the year was almost 45% due to higher prices for construction and installation works due to inflation, lack of qualified personnel, and indexation of builders’ salaries. In addition, this was caused by the rise in the cost of construction materials due to the lengthening and changing of supply chains, rising prices for raw materials, and the loss of production capacity in the eastern and southern regions.
According to her, the level of demand is directly influenced by the project itself and its concept, as well as the stage of construction and whether active construction work is underway at the site. Buyers are ready to enter the project not at the stage of the pit, but at least with a readiness of 30-40%.
“Important criteria are the developer’s reputation, ability to keep their word in terms of terms and promises, as well as flexible purchase terms for both 100% payment and installment payments. According to our observations, the demand for long-term installments of more than 3 years has increased by a third in just one year,” Bedia said.
She noted that the key factors in the choice are the type and quality of materials: brick or ceramic block, noise-absorbing windows with magnetropic coating, high-speed elevators from the best manufacturers. Much attention is paid to the service company, spatial zoning of the territory, landscape design, security and concierge service.
A diverse multifunctional infrastructure that reflects the expectations of the target groups of buyers, a well-thought-out apartment layout and a variable range of planning solutions, and the energy independence of the complex, in particular, the availability of alternative power sources for water supply or power for elevator equipment, are mandatory.
According to Bedi, most buyers in the comfort+ segment are interested in one-bedroom apartments of 40-47 sq. m. with a kitchen-living room of 20 sq. m. and a separate bedroom with a dressing room. The top two-room apartments are 68 to 75 sq. m. with two separate bedrooms, a kitchen-living room of 20 sq. m., and three-room apartments are 85-90 sq. m. with three separate bedrooms, one of which is a master bedroom with its own bathroom and wardrobe, a large kitchen-living room is also a priority.
“The area of 1-room apartments, which are most often bought in the business segment, reaches 50-55 sq. m., 2-room apartments – 75-80 sq. m., 3-room apartments – 100-120 sq. m. The mandatory attributes of such apartments are a large living area with panoramic windows of 30 sq. m. or more, a master bedroom with a dressing area and a separate bathroom of 20 sq. m., a children’s room of 25 sq. m. or more with a wardrobe,” the expert said.
DIM Group was founded in 2014 and consists of six companies covering all stages of construction. To date, it has commissioned 12 houses in six residential complexes with a total living area of more than 218 thousand square meters. Six residential complexes of “comfort+” and “business class” categories are under construction: “New Autograph, Metropolis, Park Lake City, Lucky Land, etc.
