One-Year Leave To Start Businesses In UAE: Initiative Will Create More Jobs, Say Experts

Dubai-based AHS Properties, the luxury real estate company founded by Emirati entrepreneur Abbas Sajwani less than a year ago, has acquired two low-rise apartment building plots in Palm Jumeirah and Dubai Canal. The two nine-storey buildings, comprising a total of 25 penthouses and sky villas, offer residents an exclusive and private experience, complete with stunning city views. With the addition of these two projects to its portfolio, AHS Properties’ gross development value has now reached $550 million between projects sold and under development. The properties will be priced at $1,100 per sq ft and feature interior designs by 1508 London and Hirsch Bedner Associates. State-of-the-art facilities include spas, private cinemas, cigar lounges, and private swimming pools on all balconies. The prestigious projects will be designed by global architect Shaun Killa, a veteran of Dubai’s architecture sector, and the designer of the Museum of the Future. “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.” AHS Properties announced its entry into the market in November last year with a total asset value of AHS Properties, made its debut in the market in November of last year, boasting a total asset value of over $100 million, including four luxury villas located in Palm Jumeirah and Emirates Hills. Since then, the company has already sold three of its luxury villa projects on Palm Jumeirah with a combined value exceeding $75 million. As the company sets its sights on further growth, it plans to put up another mansion in Emirates Hills with an estimated value of $45 million, which will be available in Q4. Additionally, AHS Properties is also developing a fifth mansion in Palm Jumeirah, valued at $40 million. The company’s continuous expansion and increasing success in the market has positioned them as a major player in the high-end real estate industry in Dubai.

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