Draft:AHS Properties
Emirati real estate developer
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AHS Properties is an Emirati real estate developer founded in November 2021 by Abbas Sajwani with its headquarters in Dubai.[1]
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| Company type | Private |
|---|---|
| Industry | Real estate development |
| Founded | 2021 in Dubai, United Arab Emirates |
| Founder | Abbas Sajwani |
| Website | ahsproperties |
History
AHS Properties is a Dubai-based developer founded in 2021 that specializes in ultra-luxury residential and commercial projects. Founded by Abbas Sajwani, the son of Damac Properties founder Hussain Sajwani.[2]
AHS Properties' earliest projects began with the redevelopment of luxury villas, where AHS Properties reimagined both the exterior architecture and interior layouts. AHS Properties' initial activity centered on the acquisition, renovation, and resale of bespoke mansions in premium Dubai locations, including Palm Jumeirah and Emirates Hills.[3] Early sales included three Palm Jumeirah villas transacted for a combined value of more than $75 million.[4][5]
In November 2022, AHS Properties launched One Canal, a high-rise residential development situated along the Dubai Water Canal, in partnership with Fendi Casa.[6] Architecture was designed by Shaun Killa, the architect behind the Museum of the Future, while Hirsch Bedner Associates handled interiors.[7] In October 2023, the company disclosed the sale of One Canal's penthouse for $50 million, described at the time as one of Dubai's most expensive single-penthouse transactions.[6]
In January 2023, AHS Properties launched One Crescent, a low-rise residential building on Palm Jumeirah designed by Killa Design. The development offers sea views, waterfront amenities and have panoramic views of the Burj Khalifa, Burj Al Arab, and the Dubai Canal.[6] In late 2023, AHS Properties entered into a partnership with Fendi Casa to develop Casa Canal, a development along the Dubai Water Canal.[8] Casa Canal was valued at $850 million and comprises penthouses, sky villas, sky mansions, and sky palaces.[8]
In July 2024, the company acquired a long-vacant, 69-storey tower on Sheikh Zayed Road from the Commercial Bank of Dubai for approximately $120 million.[2][9][10] The building, known locally as the "Big Ben" tower due to its clock-face design, was rebranded as AHS Tower and redeveloped.[11][12]
Following regulatory changes that allowed freehold ownership on Sheikh Zayed Road in early 2025, the company opted to sell the office units.[13][14]
In May 2025, AHS Properties announced its third luxury residential property on the Dubai Water Canal, Casa AHS, a 32‑unit development valued at $750 million, featuring sky villas, sky mansions, and sky palaces.[15][16] In February 2026, AHS Properties announced that the AHS Tower had been sold out during its development phase, generating over $700 million in revenue.[17][18]