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.