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UAE entrepreneur Abbas Sajwani launched AHS Properties, a super-luxury real estate company with a total asset value of more than US$100 million, second only to Cityscape, the region’s leading real estate exhibition held in Dubai every year.
Dubai-based AHS Properties has found an opportunity to meet the growing demand for ultra-luxury properties and is selling high-quality real estate in the Emirates Hills, as well as Dubai’s exclusive beachfront villas on the Palm Jumeirah. The company currently has four luxury villas in its portfolio, of which three are valued at 80 million dirhams and the fourth is worth more than 150 million dirhams.
Sajwani, founder of AHS Group, the parent group of AHS Properties, said: “Today, we are very happy to launch AHS Properties to enrich Dubai’s luxury real estate products. The demand for this product is growing and will drive sales growth in 2021.”
Knight Frank stated that the UAE’s rapid response to the Covid-19 pandemic has attracted the world’s wealthiest investors, who continue to flock to Dubai to snap up the most expensive houses in places such as Palm Jumeirah and Jumeirah Bay.
This has played an important role in pushing up the value of villas. The price of villas in Dubai temporarily increased by 5% in the third quarter of 2021. At present, the number of houses sold in the emirate worth more than 10 million US dollars is 54, breaking the 31 records set in 2015.
AHS Properties’ portfolio includes highly sought-after high-end properties, including the ultra-luxury Amara villa in the Emirates Hills, valued at 150 million dirhams (US$40 million). The mansion has 45,000 square feet of floor space and living space, as well as seven bedrooms with en suite bathrooms. It aims to provide everything residents want and is only a short drive from Dubai’s most famous tourist attractions and commercial centers (such as the Palm Jumeirah, Mall of the Emirates and Dubai Expo 2020).
The 12,500-square-foot Azalea Villa on Palm Jumeirah is built with natural materials and textures. It has six bedrooms with en suite bathrooms and its own swimming pool, gym, garden and bar.
“The launch of AHS Properties comes at an exciting time in Dubai, as their city welcomes millions of people from all over the world at Expo 2020. There has been an extraordinary increase in high-net-worth end-user buyers who wish to move to Dubai. It will definitely boost demand for luxury properties in the short to medium term,” Sajwani added.
Abbas Sajwani is the son of Hussain Sajwani, the founder of DAMAC Group. DAMAC Group is a successful corporate group with a diversified portfolio including capital markets, hotels, data centers, fashion, retail, and of course real estate.
When he was young, Abbas followed in his father’s footsteps and showed his keen strength as a fledgling entrepreneur. When the AHS Group was founded in 2017, he was only 18 years old.
AHSGroup’s investment portfolio includes venture capital, real estate and investments. The company’s goal is to become one of the leading business groups in the Middle East by 2025.
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