Dubai: Emirati entrepreneur Abbas Sajwani launched a luxury real estate company, AHS Properties, with a total asset value of over $100 million, just ahead of Cityscape, the region’s leading real estate show held annually in Dubai.
Spotting an opportunity to meet the growing demand for ultra-luxury properties, Dubai-based AHS Properties is selling high-end properties in Emirates Hills, as well as beachfront villas on Dubai’s exclusive Palm Jumeirah. The company currently has four luxury villas in its portfolio, three of which are valued at AED 80 million each and the fourth at over AED 150 million.
Sajwani, Founder of AHS Group, the parent group of AHS Properties, said: “Today we are delighted to launch AHS Properties to enrich Dubai’s luxury real estate offering, which is seeing growing demand and is expected to boost sales growth in 2021.”
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 priciest homes in places such as Palm Jumeirah and Jumeirah Bay. , according to Knight Frank.
This has played a big role in the increase in villa values, with Dubai villa prices tentatively increasing by 5% in Q3 2021. The number of homes worth over $10 million that have sold in the emirate currently stands at 54, beating the previous record of 31, set in 2015.
AHS Properties’ portfolio of assets includes sought-after and high-end properties, including the luxurious Amara Villa in Emirates Hills worth AED 150 million ($40 million). The mansion has 45,000 square feet of built-up area and living space with seven en-suite bedrooms. It is designed to offer everything a resident desires within a short drive of Dubai’s most famous tourist attractions and business hubs such as Palm Jumeirah, Mall of the Emirates and Expo 2020 Dubai.
The 12,500 square foot Villa Azalea in the Palm Jumeirah, built with natural materials and textures, has six en-suite bedrooms and its own swimming pool, gym, gardens and bar.
“The launch of AHS Properties comes at an exciting time in Dubai, as this city welcomes millions of people from around the world to Expo 2020. There has been an exceptional growth of high net worth end-user buyers looking to relocate to Dubai. which will certainly boost the demand for luxury properties in the short to medium term,” Sajwani added.
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 centers, fashion, retail and, well sure, real estate.
At a young age, Abbas followed in his father’s footsteps and showed keen prowess as a budding entrepreneur. He was only 18 when he created AHS Group in 2017.
The AHS Group portfolio includes joint ventures, properties and investments. The company’s goal is to be one of the leading business groups in the Middle East by 2025.
© Press release 2021