UAE Business: AHS Properties sells three Palm Jumeirah mansions for $75m – Gulf Digital News

UAE Business: AHS Properties sells three Palm Jumeirah mansions for $75m – Gulf Digital News

Dubai-based AHS Properties had announced its entry into the market in November 2021 with a total asset value of more than $100 million, comprising four luxury villas in Emirates Hills and Palm Jumeirah.

The announcement of the successful sale comes at a time when demand for ultra-luxury homes is on the rise in Dubai with many tourists and end users alike seeing it as an even more attractive destination.

According to AHS, it is developing a fifth mansion in Palm Jumeirah with a value of $40 million.

"In less than a year of launching AHS Properties we nearly sold out our existing portfolio and we have several pipeline projects that will be announced soon. The ultra-luxury market in Dubai is booming and I am thrilled with what we have been able to achieve in such a short period of time," remarked its CEO Abbas Sajwani.

According to recent reports, there has been sky-rocketing demand for properties in high-end neighbourhoods such as Palm Jumeirah and Emirates Hills. In the past 12 months, the market has recorded a more than 100% price surge on these premium homes.

Premium residential values have risen by 29% in the third quarter alone, driven by high-net-worth individuals living abroad who wish