Just days before the Monaco Grand Prix, Abbas Sajwani welcomed guests aboard Amadea, his 348-foot superyacht anchored off the coast of Monaco. The vessel, valued at around $250 million, was acquired from the U.S. government in a confidential auction last September after it had been seized from alleged Russian oligarch Suleiman Kerimov three years earlier.
Stepping onto the yacht’s lavish main deck, the 27-year-old entrepreneur walked through interiors featuring intricately crafted teak walls, a marble bar carved from stone sourced on the Greek island of Thassos, and a custom hand-painted baby grand piano by historic Parisian piano maker Pleyel. Against the backdrop of the Mediterranean and Monaco’s skyline, Sajwani shifted the conversation from luxury living to his growing real estate ambitions.
Doubling Down on Dubai’s Property Market
Rather than dwelling on his latest superyacht purchase, Sajwani highlighted AHS Properties’ newest investment a $300 million acquisition of Dubai’s Shangri-La hotel.
According to Sajwani, the purchase reflects his unwavering confidence in Dubai’s long-term real estate prospects. He views the investment as a strong statement of belief in the city’s continued growth, despite fluctuations that have historically characterized its property market.
Abbas Sajwani Creating a Legacy Beyond DAMAC
Abbas Sajwani is the son of billionaire property developer Hussain Sajwani, founder of DAMAC Properties and one of the UAE’s most influential real estate figures. While DAMAC has delivered more than 50,000 luxury homes and continues to expand with tens of thousands of units under development, Abbas has pursued a distinct strategy.
After founding AHS Properties in 2021, he focused exclusively on Dubai’s ultra-luxury residential segment. The company initially specialized in acquiring and renovating premium villas in prestigious communities such as Emirates Hills and Palm Jumeirah before expanding into high-end waterfront developments.
Building Wealth Through Ultra-Luxury
AHS Properties has since assembled a growing portfolio of luxury residential towers along the Dubai Water Canal, positioning itself among the emirate’s premium developers. Combined with Sajwani’s investments in luxury assets, including yachts and high-value real estate, the business has helped build his estimated personal fortune to approximately $1.9 billion, making him one of the world’s youngest real estate billionaires and a rising force in Dubai’s luxury property market.
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