Dubai: Emirati businessman Abbas Sajwani has launched an ultra-luxury real estate company, AHS Properties, with a total asset value of more than $100 million, ahead of Cityscape – the region’s leading real estate exhibition that takes place annually in Dubai.
Discovering an opportunity to meet the growing demand for ultra-luxury properties, Dubai-based AHS Properties sells luxury properties in Emirates Hills, as well as beachfront villas in the exclusive Palm Jumeirah in Dubai. The company currently owns four luxury villas in its portfolio, three of which are valued at AED 80 million and the fourth at more than AED 150 million.
Sajwani, founder of AHS Group, the parent group of AHS Properties, said: “Today, we are excited to launch AHS Properties to enrich Dubai’s luxury property offering, which is in high demand and set to boost sales growth in 2021.”
The UAE’s rapid response to the Covid-19 pandemic has attracted the world’s richest investors, who continue to flock to Dubai, snapping up the most expensive homes in locations such as Palm Jumeirah and Jumeirah Bay, according to Knight Frank.
This has played a huge role in driving up the prices of villas, as the prices of villas in Dubai temporarily increased by 5 per cent in the third quarter of 2021. The number of homes sold in the emirate is currently more than $10 million 54, breaking the previous record of 31, registered in 2015.
AHS Properties’ asset portfolio consists of highly desirable and upscale properties that include the luxurious AED 150 million ($40 million) Amara villa in Emirates Hills. The mansion has 45,000 square feet of built-up and living space with seven en-suite bedrooms. It is designed to offer everything a resident could want within a short drive of the most popular tourist attractions and malls in Dubai such as Palm Jumeirah, Mall of the Emirates and Expo 2020 Dubai.
Built from natural materials and fabrics, the 12,500-square-foot Azalea Villa on Palm Jumeirah has six en-suite bedrooms, its own private pool, gym, gardens and bar.
“The launch of AHS Properties comes at an exciting time in Dubai, as the city welcomes millions of people from all over the world for Expo 2020. There has been an exceptional growth of high net worth end-user buyers looking to relocate to Dubai which will surely boost the demand for luxury properties on short and medium term”.
Abbas Sajwani is the son of Hussain Sajwani, founder of DAMAC Group, a successful conglomerate that owns a diversified portfolio ranging from capital markets, hospitality, data centers, fashion, retail and of course real estate.
At a young age, Abbas followed in his father’s footsteps and showed sharp prowess as a budding entrepreneur. He was only 18 years old when he created AHS Group in 2017.
AHS Group’s portfolio includes projects, real estate and investments. The company aims to be one of the leading business groups in the Middle East by 2025.
© Press Release 2021