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Less than a year after Emirati entrepreneur Abbas Sajwani launched his super-luxury real estate company, AHS Properties, it has acquired two low-rise apartment blocks – one on the Palm Jumeirah and another on the Dubai Canal.
The buildings are all nine storeys high and include 25 penthouses and sky villas, offering residents a uniquely private experience with some of the most sought-after views in the city.
With the addition of the two projects to its portfolio, the company’s total development value between sold and under development has risen to $550 million.
AHS, a senior high-priced property sales specialist, said the Palm Jumeirah and Dubai Canal properties were priced at $1,100 per square foot, with interiors by 1508 London and Hirsch Bedner Associates.
Each project will feature a state-of-the-art spa, private cinema, cigar lounge and private pools on all balconies.
Killa design’s global architect Shaun Killa, a veteran of Dubai’s architecture and the designer of the Museum of the Future, has been named lead architect.
Regarding the acquisition, Sajwani said: “We are working with world-renowned architects and brands to transform these properties to meet the growing demand for ultra-luxury living. AHS Properties aims to set the highest standards for delivering exclusive and quality ultra-luxury residences. Standard. Our customers and provide them with the best service.”
AHS Properties, which announced its entry into the market last November, has total assets worth more than $100 million, including four luxury villas on Palm Jumeirah and Emirates Hills. Since then, it has sold three super-premium villa projects on Palm Jumeirah for a combined value of over $75 million.
Another mansion in Emirates Hills, valued at $45 million, will hit the market in the fourth quarter. In addition, he added, AHS is developing a fifth mansion on Palm Jumeirah, valued at $40 million.arab trade news agency
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