AHS Properties Founder Abbas Sajwani Sets AED4.5 Billion Twin Towers for Sheikh Zayed Road
The developer's first major commercial project is designed by Gensler and packs Grade A offices, a rooftop sky garden and more than 30,000 sq. ft. of wellness space.
AHS Properties will build two towers on Sheikh Zayed Road, its first substantial push into Dubai's commercial property market. The development, AHS Twin Towers, carries a value of AED4.5 billion and was announced by the company's founder and chief executive, Abbas Sajwani.
The ambition attached to it is not modest. Sajwani describes the scheme as a commercial destination meant to reflect Dubai's standing as a centre for global business and investment, and argues that developers carry a responsibility to contribute to the city's continued progress through projects that hold genuine value over the long term.
Gensler, the international architecture practice, is designing the towers. Interiors are being handled by AHS Atelier, the company's own design studio. Both choices signal the pitch: a working environment sold on finish and experience as much as on floor plates.
What the two towers will hold
The programme is weighted towards workspace, with Grade A office space forming the core of the offer. Around that core sits an amenity package that reads closer to a hotel than to a conventional office block.
- Grade A office space
- More than 30,000 sq. ft. of wellness and fitness facilities
- Over 12,000 sq. ft. dedicated to culinary experiences
- Executive business lounges
- A rooftop sky garden
The mix is deliberate. Sajwani's argument is that premium commercial real estate can no longer be carried by a prestigious address alone. It has to answer to how companies actually work now, and it has to stay adaptable as those requirements shift again.
That is where the residential instincts come in. A developer trained on villas and branded apartments tends to treat gyms, restaurants and lounges as the product rather than as add-ons bolted to a leasing plan. Whether that translates into commercial rents is the open question, and it will be settled building by building along a corridor where established landlords already hold well-known stock. AHS is betting that employee and client experience has become a leasing consideration rather than a decorative one.
From Palm Jumeirah villas to Sheikh Zayed Road
Sajwani was raised in Dubai and is the son of Hussain Sajwani, founder and chairman of DAMAC Properties. Growing up inside a family property business gave him early exposure to how developments are financed, how capital is raised against them, and how value is created or lost over a full cycle.
He launched AHS Properties in 2021, at a moment when Dubai was drawing a new wave of ultra-high-net-worth individuals who wanted permanent homes rather than holiday addresses. Sajwani read the shift as Dubai becoming a permanent base for global capital, not a seasonal stop.
The company started small and specific, on luxury villa renovations. It later moved into off-plan developments along Dubai Water Canal and on Palm Jumeirah, building a residential book before it took on anything with a commercial lease attached.
The first step beyond that ultra-luxury residential portfolio was AHS Tower, which sold out during its development phase and generated more than US$700 million in sales. In 2026, Sajwani acquired Shangri-La Dubai on Sheikh Zayed Road for AED1.1 billion, adding a operating hotel asset on the same road where the Twin Towers will rise.
The case for the address
Sheikh Zayed Road is one of Dubai's most established business addresses, and it played a central role in the city's emergence as an international business hub. It offers connectivity, a settled commercial environment and proximity to the main business districts.
Sajwani's stated approach is that successful real estate investment begins with understanding a location's long-term value. AHS Twin Towers is a direct expression of his confidence in that particular stretch of road.
Location, he says, remains fundamental. But building quality, the working environment and the overall experience now carry equal weight. Companies want surroundings that reflect who they are, support their staff and leave room for ambitions that stretch years ahead. That gap between what tenants expect and what the market typically supplies is, in his reading, an opportunity for developers who anticipate expectations instead of reacting once the market has already moved.
Where the risk sits
He is candid about the counterarguments. Growing supply, construction costs, global economic conditions and changing business requirements all present challenges, and he warns that short-term market momentum can pull long-term investment decisions off course. Development, he says, demands patience, careful planning and a clear understanding of what creates value beyond the current cycle.
The conditions that would force a rethink are specific: a sustained imbalance between supply and demand, fundamental changes in what businesses need from their space, or a deteriorating long-term economic outlook. No market, he says, should be approached on the assumption that conditions will hold still.
The stated discipline is conviction paired with flexibility — confidence in Sheikh Zayed Road built on fundamentals, but re-examined continuously rather than treated as settled. The firm's investment philosophy weighs location potential, the needs of future occupiers and long-term relevance, in that order.
Growth without volume
AHS Properties describes itself as disciplined and selective, focused on locations it believes in, differentiated developments, and chances to apply its expertise and quality standards. Sajwani says growth is not about pursuing volume. It is about prime locations, design excellence and long-term value, and about knowing where the company can make a genuine difference and staying concentrated there.
He is equally direct about how he measures the results.
"The most meaningful developments contribute something lasting to their cities," Sajwani said, adding that he is motivated by building something that stands the test of time.
He says he does not judge success purely by the size of an investment or the scale of a building. Quality and long-term impact count for more. What he wants for AHS Properties is a reputation for ambition with purpose, a clear vision and a commitment to excellence.
The next five years, in his view, belong to developments that combine architecture, functionality, wellness, amenities and employee and client experience in one place. Dubai's premium commercial market offers room for developers who take those elements seriously. AHS Twin Towers is the company's attempt to prove it belongs among them, and to show that an attention to detail learned on Palm Jumeirah villas can survive contact with a leasing market.
The company frames the project as an investment in Dubai's business landscape as much as in its own evolution, and Sajwani says the aim is to contribute to the city's growth through enduring buildings rather than simply to benefit from it. The first tenants will decide how much of that holds.
