Real estate company

Emirati entrepreneur sets up real estate company to sell ultra-luxurious mansions in Dubai

Dubai: Emirati entrepreneur Abbas Sajwani has 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 exhibition that takes place annually in Dubai.

Spotting an opportunity to meet the growing demand for ultra-luxury properties, Dubai-based AHS Properties is selling high-end 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, 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 supply, which is growing in 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 richest investors, who continue to flock to Dubai, snatching up the most expensive homes in places such as Palm Jumeirah and Jumeirah Bay , according to Knight Frank.

This has played a big role in the rise in villa values, with villa prices in Dubai tentatively rising 5% in the third quarter of 2021. The number of homes valued over $ 10 million that have sold in the emirate currently stands at 54., breaking the previous record of 31, set in 2015.

AHS Properties’ portfolio of assets includes sought-after and high-end properties, including the highly luxurious Amara Villa in Emirates Hills, valued at AED 150 million ($ 40 million). The mansion has 45,000 square feet of built area and living space with seven bedrooms with en-suite bathrooms. It is designed to offer everything a resident could want within a short drive of Dubai’s most famous tourist attractions and business centers, such as the Palm Jumeirah, Mall of the Emirates and Expo 2020 Dubai.

The 12,500 square foot Azalea Villa located in 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 the city welcomes millions of people from around the world to Expo 2020. There has been exceptional growth in wealthy end user buyers looking to relocate. to Dubai. which will certainly stimulate demand for luxury properties in the short and medium term, ”added Sajwani.

Abbas Sajwani is the son of Hussain Sajwani, founder of DAMAC Group, a successful conglomerate with a diverse portfolio spanning capital markets, hospitality, data centers, fashion, retail and, well sure, real estate.

At a young age, Abbas followed in his father’s footsteps and demonstrated great prowess as a budding entrepreneur. He was only 18 when the AHS group was created in 2017.

The AHS Group’s portfolio includes companies, properties and investments. The company’s goal is to be one of the leading business groups in the Middle East by 2025.

Ends

© Press release 2021


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