A Dubai ultra-luxury developer

AHS Properties, founded in 2021 by Abbas Sajwani, is the youngest name among Dubai's ultra-luxury builders — Sajwani started the wider AHS Group at 18 in 2017, after a business degree at the American University in Dubai and school-break stints at DAMAC, the company his father Hussain Sajwani founded. In five years the company has moved from launching waterfront homes to buying whole towers outright on Sheikh Zayed Road, part of the wider field mapped in GRAF's luxury developers guide.

Residential and commercial portfolio

Three of AHS's four residential launches sit on the Dubai Water Canal beside Safa Park — One Canal, whose 30,000 sq ft penthouse sold for USD 50 million in 2023, Casa Canal, developed with Fendi Casa, and Casa AHS, 32 residences by architect Shaun Killa in glass, steel and natural stone. One Crescent is the one exception, on the outer arc of Palm Jumeirah.

AHS Tower took the company into Grade-A offices: AHS bought Dubai's long-vacant Big Ben tower in July 2024, stripped off the clock face that gave it its nickname, and rebuilt it as a 69-storey commercial address — sold out in primary by February 2026 for more than USD 700 million. The company's June 2026 purchase of the Shangri-La Dubai adds a second Sheikh Zayed Road tower and sets up a larger mixed-use programme on the same stretch.

Sources: AHS Properties — company history, AHS Properties — Casa AHS, and The National — Shangri-La Dubai acquisition.

Ultra-luxury residences and Grade-A commercial property in Dubai

Ultra-luxuryResidentialCommercialDubai

Who owns AHS Properties?

AHS Properties is privately held. Its own site states that the company was founded in 2021 by Abbas Sajwani, and the legal entity in its copyright line is AHS Properties L.L.C. Forbes describes him as the founder and owner of AHS Properties and put his net worth at USD 1.9 billion on 20 August 2026. Sajwani studied business administration at the American University in Dubai and started young: he founded AHS Group, the wider conglomerate behind AHS Properties, in 2017 at age 18, working across school breaks at DAMAC, the company his father Hussain Sajwani founded. Abbas Sajwani sits on the DAMAC Group board; the two companies are separate.

Source: Forbes — Abbas Sajwani, billionaires profile, 20 August 2026 · AHS Properties — Our Story

Track record

Buildings that made the name

  1. 01 One Canal Dubai Water Canal, beside Safa Park. The company's first development, launched in partnership with Fendi Casa. Its 30,000 sq ft penthouse sold for USD 50 million in 2023. Launched 2022
  2. 02 One Crescent Palm Jumeirah. The residences sit on the Crescent, the outer arc of the island. Launched 2023
  3. 03 Casa Canal Dubai Water Canal. An USD 850 million development holding penthouses, four- and five-bedroom sky villas, six-bedroom sky mansions and three sky palaces. Launched 2023
  4. 04 AHS Tower Sheikh Zayed Road. The 69-storey tower known as Dubai's Big Ben stood vacant for about a decade. AHS bought it in July 2024 from Commercial Bank of Dubai for USD 120 million, removed the clock face and redesigned it as Grade-A offices. Reserved in full by February 2026 for more than USD 700 million, ahead of a stated Q4 2026 handover. Acquired 2024
  5. 05 Casa AHS Dubai Water Canal. Launched in May 2025 as a collection of 32 residences valued at USD 750 million, with architecture by Shaun Killa in glass, steel and natural stone. Launched 2025
  6. 06 Shangri-La Dubai Sheikh Zayed Road. A 43-floor hotel, office and residential tower completed in 2003, bought from Mismak in June 2026 for AED 1.1 billion. The hotel keeps trading under its own brand. Acquired 2026

AHS track record

Residential developments launched
4
One Canal in 2022, One Crescent and Casa Canal in 2023, Casa AHS in 2025
Commercial towers
1
AHS Tower, 69 storeys on Sheikh Zayed Road, primary inventory reserved in full by February 2026
Buildings bought on Sheikh Zayed Road
2
The former Big Ben tower in July 2024 for USD 120m and the Shangri-La Dubai in June 2026 for AED 1.1bn
Gross development value
AED 36bn+
The company's own figure on its Our Story page, read 20 August 2026

The counts come from the company's own Our Journey timeline, each at its own scale — residential launches, the commercial tower, building purchases and villa sales.Read them side by side, not summed. The timeline runs from launches through acquisitions to full reservation; residential handovers are still ahead.

What AHS is known for

Founded
2021, five developments launched since
AHS Tower primary sales
More than USD 700m, reserved in full by February 2026
Casa Canal
USD 850m, launched 2023
Casa AHS
USD 750m across 32 residences, launched May 2025
Buildings bought on Sheikh Zayed Road
2 — USD 120m in 2024 and AED 1.1bn in 2026
Gross development value
AED 36bn+, the company's own figure, August 2026
What attracted me to it is the location. You cannot replace this kind of location. We believe Sheikh Zayed Road is the centre of the city and connects everything together.
Abbas Sajwani Founder and Chief Executive Officer, AHS Properties Gulf Business — on the Shangri-La Dubai acquisition, 10 June 2026

Where AHS builds

Sheikh Zayed RoadApartments in DubaiVillas in Dubai

Current projects via GRAF

AHS Tower — Sheikh Zayed Road, Dubai

AHS Tower

Sheikh Zayed Road, Dubai

Resale asking from AED 15.95M

View project →

How AHS differs from other Dubai developers

AHS Properties is five years old and works at the top of the Dubai market from a short list of addresses. Its growth has come from buying whole buildings on Sheikh Zayed Road and from a four-address residential portfolio, three of them on one stretch of the Dubai Water Canal.

Buys finished buildings, not only land
The vacant 69-storey Big Ben tower in July 2024 for USD 120 million, and the working Shangri-La hotel in June 2026 for AED 1.1 billion. Both stand on Sheikh Zayed Road.
Concentrated on one corridor by design
AHS treats Sheikh Zayed Road as a single strategic corridor — AHS Tower and the Shangri-La Dubai already sit there, with a further mixed-use development, AHS City, announced for the same stretch — rather than spreading across the city the way larger volume developers do.
Three of four homes projects on one waterway
One Canal, Casa Canal and Casa AHS all sit on the Dubai Water Canal beside Safa Park. One Crescent is the exception, on Palm Jumeirah.
Partners are interior houses and architects
Fendi Casa on One Canal and Shaun Killa on Casa AHS, rather than the hotel operators that brand most Dubai residences.
Scarcity by design, not high-rise volume
Casa AHS holds just 32 residences in a whole tower — three-bedroom penthouses up to sky mansions and sky palaces — the kind of asset scarcity the developer builds toward for buyers who weigh capital preservation over rental yield.
An office tower sold out before completion
Primary inventory at AHS Tower closed in February 2026 at more than USD 700 million, ahead of the Q4 2026 handover stated in the developer brochure.
Why GRAF recommends AHS

GRAF sells resale floors at AHS Tower — AHS Properties suits a buyer looking for Grade-A office space on Sheikh Zayed Road from a developer that already sold this specific tower out in primary.

What the record shows
  1. AHS Tower is a completed acquisition, not a planAHS bought the vacant Big Ben tower in July 2024, redesigned it, and its primary inventory was reserved in full by February 2026 for more than USD 700 million.
  2. A named address on Sheikh Zayed RoadThe tower sits on Dubai's central commercial artery, next to the developer's own Shangri-La acquisition, with amenity floors on levels 62, 63 and 69.
  3. The owner is identifiedForbes names Abbas Sajwani as founder and owner of AHS Properties and carries a dated valuation of him.

GRAF editorial team

AHS — frequently asked questions

Who owns AHS Properties?

AHS Properties is privately held by its founder, Abbas Sajwani — see the ownership answer above for the full picture, including his family link to DAMAC.

Source: Forbes — Abbas Sajwani, billionaires profile

Is AHS Properties part of DAMAC or of Al Habtoor Group?

Neither. AHS Properties is a separate company founded in 2021. Abbas Sajwani is the son of DAMAC founder Hussain Sajwani and sits on the DAMAC Group board, which is a family link and not a corporate one. Al Habtoor Group and Habtoor Group are unrelated companies and none of their projects belongs to AHS Properties.

Source: AGBI — Dubai developer to refurbish long-vacant Big Ben tower, 30 December 2025

What has AHS Properties built?

Four residential developments have been launched since 2021 — One Canal in 2022, One Crescent and Casa Canal in 2023 and Casa AHS in 2025 — plus AHS Tower, a 69-storey office building on Sheikh Zayed Road. The company also trades private villas on Palm Jumeirah. Its own timeline runs from launches through sales to acquisitions, with residential handovers still ahead.

Source: AHS Properties — Our Journey

What is AHS Tower?

A 69-storey Grade-A office tower on Sheikh Zayed Road, formerly the vacant building Dubai called the Big Ben tower. AHS bought it in July 2024 from Commercial Bank of Dubai for USD 120 million and redesigned it, with amenity floors on levels 62, 63 and 69. Primary inventory was reserved in full by February 2026, generating more than USD 700 million.

Source: Khaleej Times — Dubai's former Big Ben tower is sold out, says developer, 23 February 2026

Where does AHS Properties build?

On three addresses. Three of its four residential developments — One Canal, Casa Canal and Casa AHS — sit on the Dubai Water Canal beside Safa Park. One Crescent stands on the Crescent of Palm Jumeirah, where the company also buys and rebuilds private villas. AHS Tower and the Shangri-La Dubai are both on Sheikh Zayed Road.

Source: AHS Properties — portfolio index

What is AHS Properties launching next?

The company says it will launch an AED 25 billion mixed-use development of offices, homes and a hotel on the Dubai Water Canal at Sheikh Zayed Road in the third quarter of 2026, and that the portfolio would reach AED 50 billion with it. It bought the Shangri-La Dubai for AED 1.1 billion in June 2026. Both figures are the company's own statements.

Source: The National — Developer AHS buys Shangri-La hotel in Dubai and plans to launch Dh25bn project this year, 10 June 2026

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Official sources
Official websiteAHS Properties — official siteAHS Properties — Our JourneyAHS Tower — official project siteAHS Properties — LinkedInAHS Properties — InstagramForbes — Abbas Sajwani
About this profile

Maintained by the GRAF editorial team from public sources and our own project data. Updated 20 August 2026. Contact us

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