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.
