Emirati entrepreneur launches real estate company with focus on high-end properties
Abbas Sajwani launches AHS Properties, with a total asset value of more than $100mn
Emirati entrepreneur Abbas Sajwani has announced the launch of an ‘uber-luxury’ real estate company, AHS Properties, with a total asset value of more than $100 million.
In a statement, the Dubai-based AHS Properties said that it has spotted an opportunity to meet rising demand for ultra-luxury properties. It is selling premium estates in Emirates Hills, as well as beachfront villas on Dubai’s exclusive Palm Jumeirah. The Company currently has four luxury villas in its portfolio, of which three are being valued at $21.78 million each and the fourth valued at more than $40.8 million.
Sajwani, Founder of AHS Group, the parent group of AHS Properties, said: “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’ asset portfolio comprises sought-after and high-end properties which includes the uber luxurious Amara Villa at Emirates Hills worth $40 million. The mansion has 45,000 sqft of built-up area and living space with seven ensuite bedrooms.
It is designed to offer everything a resident wants within a short drive from the most famous tourist attractions and business hubs in Dubai such as Palm Jumeirah, Mall of the Emirates and Expo 2020 Dubai.
The 12,500 sqft Azalea Villa located on Palm Jumeirah, built with natural materials and textures, has six ensuite bedrooms and its own pool, gym, gardens and bar.
“The launch of AHS Properties comes at an exciting time in Dubai, as they 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,” Sajwani added.
According to Knight Frank, the UAE’s rapid response to the Covid-19 pandemic has attracted the world’s wealthiest investors to Dubai, snapping up the most expensive homes in locations such as the Palm Jumeirah and Jumeirah Bay.
This has played a big part in driving up villa values, with villa prices in Dubai provisionally up by 5% in the third quarter of 2021. The number of homes worth more than $10 million that have been sold in the emirate currently stands at 54, breaking the previous record of 31, set in 2015.
Abbas Sajwani is the son of Hussain Sajwani, founder of DAMAC Group, a successful conglomerate that has a diverse portfolio ranging from capital markets, hospitality, data centres, fashion, retail and, of course, real estate.