Abbas Sajwani, Founder and CEO of AHS Properties and son of DAMAC Founder Hussain Sajwani, talks about why he entered the real estate market and his plans to scale up his new business.
The real estate market in Dubai is experiencing a significant boom, marked by remarkable growth in property prices and rental values. Real estate developers are showing no signs of slowing down, with new projects continuing to launch across the UAE. Although Dubai garners much of the attention, with the construction of the largest apartment and the tallest residential tower, Abu Dhabi and Ras Al Khaimah are poised to witness the emergence of several new projects in the years ahead. In this report, Arabian Business examines the ten most noteworthy real estate projects that are expected to transform the UAE in the near future.
AHS Properties, the ultra-luxury real estate company founded by Abbas Sajwani in 2021, has announced two new projects in Palm Jumeirah and Dubai Canal, just months after its launch. The addition of these projects has pushed the gross company value to a staggering $550 million. The highly anticipated developments will be designed by renowned global architect Shaun Killa of Killa Design, who has previously designed the iconic Museum of the Future. AHS Properties’ continuous expansion in the ultra-luxury real estate market is a testament to their unwavering commitment to creating exceptional, sustainable, and bespoke homes.
The addition projects in key Dubai locations have pushed the gross company value to 550$ million. AHS properties aims to exceptionally high standards of ultra luxury, catering to the needs of buyers seeking an exceptional lifestyle…
In just under a year, AHS Properties, founded by young Emirati entrepreneur Abbas Sajwani, has successfully transformed high-end villas on Palm Jumeirah, resulting in three sales amounting to a staggering $75 million. Following his launch in November 2021, Sajwani’s venture focused on the acquisition and renovation of Dubai’s prime properties for the ultra-luxury market. ““We nearly sold out our existing portfolio and we have several pipeline projects that will be announced soon,” said Sajwani, whose father is Hussain Sajwani of Damac. “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 of time.”
AHS Properties, the uber-luxury real estate company launched by Emirati entrepreneur Abbas Sajwani less than a year ago, has added two new projects to its portfolio, bringing the Company’s Gross Development Value to USD 550 million between projects sold and under development. The two low-rise buildings, one located in Palm Jumeirah and the other on the Dubai Canal, will comprise only 25 penthouses and sky villas, featuring some of the most sought-after views in the city. The properties will be priced at approximately USD 1,100 per sq ft and will include interior designs by 1508 London and Hirsch Bedner Associates. The Company’s new acquisitions will offer residents an exclusive and private experience, complete with a state-of-the-art spa, private cinemas, cigar lounges, and private swimming pools on all balconies. AHS Properties aims to set the highest bar for delivering unique and quality ultra-luxury homes for their clientele, with world-renowned architects and brands working to revamp the properties to meet the growing demand for ultra-luxury living. Leading the architecture is global architect Shaun Killa from Killa design, who designed the Museum of the Future. Since its entry into the market in November 2021, AHS Properties has already sold three of its uber-premium villa projects in Palm Jumeirah for a combined value of over USD 75 million. Another mansion in Emirates Hills valued at USD 45 million is set to go on the market in Q4 and already has high interest from potential buyers. AHS Properties is developing a fifth mansion in Palm Jumeirah valued at USD 40 million, with several pipeline projects set to be announced soon. The strong demand for the city’s most desirable neighbourhoods, combined with restricted supply, is helping to drive record price growth in Dubai’s ultra-prime residential properties. “There are only a handful of new homes expected to be completed between 2023 and 2025 in the ‘Prime Dubai’ area that includes Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island. AHS is one of the main players in this tight space and we are proving to be a competitive player,” Sajwani concluded.
What a month it’s been. Since launching my latest venture, AHS Properties, at Cityscape Global 2021, my life has seemed like a non-stop whirlwind of phone calls, messages and meetings. Not only have I had fun interacting with people from across Dubai’s vibrant property community, but I’ve also had the opportunity to extol the virtues of our emirate’s thriving uber-luxury real estate market.
Dubai-based Emirati entrepreneur Abbas Sajwani has recently launched AHS Properties, an ultra-luxury real estate company with a total asset value of more than $100 million (AED 367 million). AHS Properties specializes in selling premium estates in Emirates Hills and beachfront villas on Dubai’s exclusive Palm Jumeirah. Currently, the company’s portfolio comprises four luxury villas, with three of them valued at $40.8 million (AED 80 million) each, and the fourth at more than $40.8 million (AED 150 million). With an aim to provide high-end luxury homes, AHS Properties has set a new standard in Dubai’s real estate market. Sajwani commented: “Today, we are excited to launch AHS Properties to enrich Dubai’s luxury property offerings, which is growing in demand and set to boost sales growth in 2021.” AHS Properties boasts a highly desirable and upscale asset portfolio, which includes the coveted and opulent Amara Villa located in the prestigious Emirates Hills. Valued at $40 million (AED 150 million), this property is a prime example of the exceptional luxury estates offered by the company.
Abbas Sajwani, an Emirati entrepreneur, and son of Damac Group’s founder, has recently launched his own luxury real estate company named AHS Properties. The Dubai-based business aims to tap into the surging demand for high-end properties and is looking to sell premium properties in Emirates Hills and beachfront villas on the exclusive Palm Jumeirah. With a total asset value of over $100 million, AHS Properties currently has a portfolio of four luxurious villas, three of which are being valued at $21.8 million (AED 80 million) each, and the fourth valued at more than $40.8 million (AED 150 million) – the Amara Villa at Emirates Hills, a sprawling 45,000 sqft mansion boasting seven ensuite bedrooms.
Dubai continues to attract the world’s wealthiest investors, who are flocking to snap up luxury homes in prime locations such as Palm Jumeirah and Jumeirah Bay, buoyed by the UAE’s effective coronavirus response. According to a report by Knight Frank, villa prices in the emirate have increased by 5% in Q3 2021, and the number of homes worth over $10 million sold this year has reached 54, surpassing the previous record of 31 set in 2015. With these factors at play, AHS Properties is well-positioned to meet the rising demand for luxury properties in the emirate.
“There has been exceptional growth of high-net-worth end-user buyers who are looking to move to Dubai which will definitely boost demand for luxury properties in the short and medium term,” Sajwani said.
Dubai’s real estate sector is expected to experience strong growth in the fourth quarter of 2021, driven by villas as consumer and investor sentiment continues to rise due to the ongoing Expo 2020 Dubai event.
AHS Group’s portfolio includes ventures, properties, and investments. The company aims to be one of the leading business groups in the Middle East by 2025.
Emirati entrepreneur Abbas Sajwani has launched a luxury real estate company under the name “AHS Properties,” boasting total assets exceeding $100 million US dollars. This announcement coincides with the commencement of the Cityscape exhibition, the region’s premier real estate showcase held annually in Dubai…
