Emirati entrepreneur Abbas Sajwani has launched an uber-luxury real estate company, AHS Properties, with a total asset value of more than $100 million, mainly aimed at selling ultra-luxury mansions in Dubai.

 

He is the son of Hussain Sajwani, the founder of Damac Group, a UAE conglomerate that has a diverse portfolio ranging from capital markets, hospitality, data centres, fashion, retail and, of course, real estate. 

 

AHS Properties said its asset portfolio comprises high-end properties including the uber luxurious Amara Villa at Emirates Hills worth AED150 million ($40 million). The mansion has 45,000 sq ft of built-up area and living space with seven en-suite 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.  

 

Spotting an opportunity to meet rising demand for ultra-luxury properties, the new enttity has begun selling premium estates in Emirates Hills, as well as beachfront villas on Dubai’s exclusive Palm Jumeirah. 

 

The 12,500 sq ft Azalea Villa located on Palm Jumeirah, built with natural materials and textures, has six en-suite bedrooms and its own pool, gym, gardens and bar.

 

AHS Properties currently has four luxury villas in its portfolio, of which three are being valued at AED80 million each and the fourth valued at more than AED150 million.

 

Sajwani said: "Today, 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."

 

"The launch comes at an exciting time in Dubai, as the 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," he added.-TradeArabia News Service