AHS Properties, the ultra-luxury real estate company founded by Emirati businessman Abbas Sajwani, has revealed that it has already sold three of its ultra-premium villa projects on the Palm Jumeirah for a combined sum of more than USD 75 million. In demand and upscale buildings make up the asset portfolio of AHS buildings, including the 45 million dollar ultra-luxurious Amara Villa in Emirates Hills. Buyer interest in the property, which will go on the market in Q4, is already very high. In addition, AHS is building a $40 million fifth home on the Palm Jumeirah. “In less than a year of launching AHS Properties we nearly sold out our existing portfolio and we have several pipeline projects that will be announced soon. The ultra-luxury market in Dubai is booming and I am thrilled with what we have been able to achieve in such a short period,” AHS CEO Abbas Sajwani said.
AHS Properties made headlines in November 2021 as it entered the market with a portfolio worth over USD 100 million, comprising four opulent villas located in the prestigious Emirates Hills and Palm Jumeirah neighbourhoods. The company’s announcement comes at a time when the demand for ultra-luxury homes is on the rise in Dubai, bolstered by the successful launch of Expo 2020 Dubai and the government’s commendable handling of the COVID-19 pandemic. As Dubai becomes an increasingly appealing destination for tourists and permanent residents alike, the city is attracting some of the world’s wealthiest investors. High-end areas such as Palm Jumeirah and Emirates Hills are seeing sky-rocketing demand for properties, with a more than 100% price surge recorded in the past 12 months. In the third quarter alone, premium residential values have increased by 29%, driven by high-net-worth individuals abroad who seek to make Dubai their second home.
“There is a great opportunity to be had in this niche market, but it takes shrewd business judgment and acumen to select the right properties and acquire them at the right price,” Sajwani said. “AHS Properties has seen great success in only less than a year after its launch and wishes to capitalize on this positive momentum in the coming years. I have ambitious goals for the near and medium future, and I am confident that AHS Properties will continue to be a dominant player in the luxury real estate market in Dubai,” Sajwani concluded.