A Dubai ultra-luxury developer

AHS Properties was founded in 2021 by Abbas Sajwani, who serves as Founder and Chief Executive. The company is based in Dubai and focuses on large-format residential and commercial property in a concise group of prime locations.

Residential and commercial portfolio

The residential programme includes One Canal, Casa Canal and Casa AHS on Dubai Water Canal, together with One Crescent on Palm Jumeirah. Casa Canal was introduced with a Fendi Casa collaboration, while Casa AHS was announced in May 2025 as a 32-residence waterfront project.

AHS Tower extends the portfolio into Grade-A offices on Sheikh Zayed Road. AHS and business media reported in February 2026 that its inventory had sold during development. The company's June 2026 acquisition of Shangri-La Dubai also supports a planned expansion into a larger mixed-use programme on Sheikh Zayed Road.

Sources

Company and project facts: AHS company history, Casa AHS and The National on the 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. LinkedIn records the company type as Privately Held. No audited accounts, exchange filing or public register naming the shareholders has been published, so no percentage is given here. Abbas Sajwani is the son of DAMAC founder Hussain Sajwani and 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. 2022 completed
  2. 02 One Crescent Palm Jumeirah. The residences sit on the Crescent, the outer arc of the island. 2023 completed
  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. 2023 completed
  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. 2024 completed
  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. 2025 completed
  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. 2026 completed

AHS track record: delivered and under construction

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

Delivered Under construction

The counts come from the company's own Our Journey timeline.Residential launches, the commercial tower, building purchases and villa sales are separate counts and are not added together. The timeline records no residential handover.

Project Area Type Status Date
One Canal Dubai Water Canal 3- and 4-bedroom penthouses and 4- and 5-bedroom sky villas, with Fendi Casa Under development Launched 2022
One Crescent Palm Jumeirah Residences on the Crescent Under development Launched 2023
Casa Canal Dubai Water Canal Penthouses, sky villas, sky mansions and three sky palaces, USD 850m Under development Launched 2023
Casa AHS Dubai Water Canal 32 residences by architect Shaun Killa, USD 750m Under development Launched May 2025
AHS Tower Sheikh Zayed Road 69-storey Grade-A office tower, half floors 2,964–3,625 sq ft and full floors 6,278–6,695 sq ft Sold out in primary, under construction Handover Q4 2026 per brochure
Shangri-La Dubai Sheikh Zayed Road 43-floor hotel, office and residential tower bought for AED 1.1bn Acquired June 2026
Searenity and Amara Palm Jumeirah Private villas bought, rebuilt and resold Sold 2021 onward

Source: AHS Properties — Our Journey · checked 20 August 2026

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

From current resale list

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.
A short portfolio rather than a wide one
Four residential developments and one office tower in five years. The official portfolio index lists six entries in total, including the private villa line.
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.
Few homes per building
Casa AHS holds 32 residences in a whole tower. The published mix runs from three-bedroom penthouses up to sky mansions and sky palaces.
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

AHS Properties suits a buyer at the top of the Dubai market who wants a large home in a small building on the Dubai Water Canal or Palm Jumeirah, or Grade-A office floors on Sheikh Zayed Road.

What the record shows
  1. Every project is named and dated on one pageThe company's Our Journey timeline gives the launch year, the location and the stated value for each development from 2021 to 2026.
  2. One project has run the full courseAHS Tower was bought in July 2024, redesigned, and its primary inventory was reserved in full by February 2026 for more than USD 700 million.
  3. The owner is identifiedForbes names Abbas Sajwani as founder and owner of AHS Properties and carries a dated valuation of him.
What to check before signing
  1. The completion quarterThe company publishes launch dates and sales values rather than handover dates. Ask for the project brochure, which is where AHS Tower's Q4 2026 handover and its 5/20/35/40 payment plan are written.
  2. Which entity signs the SPAThe site trades as AHS Properties, the copyright line reads AHS Properties L.L.C., and Forbes Middle East describes an AHS Group above it. Confirm the company named on the contract.
  3. Which figure is being quotedThe published gross development value has moved from USD 1.5bn in 2022 to USD 2.75bn in 2024, USD 3bn at the end of 2025 and AED 36bn+ in August 2026. Each is the company's own number, so check its date.

GRAF editorial team

AHS — frequently asked questions

Who owns AHS Properties?

AHS Properties is privately held. The company states that it was founded in 2021 by Abbas Sajwani, and its copyright line names the legal entity AHS Properties L.L.C. Forbes calls him the founder and owner of the company and valued him at USD 1.9 billion in August 2026. No audited accounts or public register naming the shareholders has been published, so no percentage is stated.

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 records launches, sales and acquisitions, and no residential handover.

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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