Mr. Abbas Sajwani, the founder of AHS Group, has launched an ultra-luxury real estate company, AHS Properties, with a total asset value of more than $100 million.
The launch of the new company comes ahead of Cityscape, the region’s leading property exhibition that takes place annually in Dubai. The Dubai-based AHS Properties is selling premium estates in Emirates Hills, as well as beachfront villas on Dubai’s exclusive Palm Jumeirah, to serve the rising demand for ultra-luxury properties.
Currently, AHS Properties has four luxury villas in its portfolio. Three properties out of it are valued at $21.7 million each and the fourth is Amara Villa at Emirates Hills, which is valued at more than $40.8 million.
One of the most sought-after and high-end properties in the new firm’s portfolio, the Amara Villa is a mansion with 45,000 sq ft of built-up area and living space with seven en-suite bedrooms.
The 12,500 sq ft Azalea Villa located on Palm Jumeirah, built with natural materials and textures, is another luxury property of AHS Properties.
“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. The launch of AHS Properties comes at an exciting time in Dubai, as the city welcomes millions of people from around the world at Expo 2020. 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.”
The UAE’s rapid response to the COVID-19 pandemic has attracted the world’s wealthiest investors, who continue to flock to Dubai, snapping up the most expensive homes in locations such as the Palm Jumeirah and Jumeirah Bay, according to Knight Frank. This has played a big part in driving up villa values, with villa prices in Dubai provisionally up by 5 percent in the third quarter of 2021.
Mr. Abbas Sajwani is the son of Mr. Hussain Sajwani, founder of DAMAC Group, a successful conglomerate that has a diverse portfolio ranging from capital markets, hospitality, data centers, fashion, retail and, real estate.
In 2017, Mr. Abbas founded AHS Group, which now has a portfolio of ventures, properties and investments. The company’s objective is to be one of the leading business groups in the Middle East by 2025.
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