Dubai real estate: Two new ultra-luxury projects to launch in Palm Jumeirah, Dubai Canal

Abbas Sajwani’s AHS Properties has announced the addition of these properties in two key Dubai locations. 

Abbas Sajwani launched AHS Properties in 2021, less than a year later the luxury real estate company announced two more projects bringing the gross company value to $550 million. The two new projects will be located in Palm Jumeirah and Dubai Canal. 

Global architect Shaun Killa from Killa Design, designer of the Museum of the Future, will lead the architecture for these projects. 

The buildings will be nine storeys high and comprise of 25 penthouses and sky villas. Each project will feature a state-of-the-art spa, private cinemas, cigar lounges and private swimming pools on all balconies. 

“We are working with world-renowned architects and brands to revamp these properties to meet the growing demand for ultra-luxury living. AHS Properties aims to set the highest bar for delivering unique and quality ultra-luxury homes for our clientele and giving them the best of the best,” Abbas Sajwani told Arabian Business. 

When asked about anticipated property demand increase, Sajwani said: “The majority of property consultancy firms have noted the rising demand from both end-users and foreign buyers in the past year and we predict this trend to only rise before this year’s end.” 

“Government incentives that continue to boost Dubai’s value proposition, along with the excellent handling of the Covid-19 pandemic have incentivised more and more people to invest in Dubai. More and more high-net worth individuals, millionaires and entrepreneurs want to buy a home in Dubai, as they plan to regularly frequent the city,” he added. 

The Palm Jumeirah property and the Dubai Canal property will be priced at circa $1,100 per sq ft with interior designs by 1508 London and Hirsch Bedner Associates. 

Source: Arabian Business 


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