One Canal project has witnessed the sale of one of Dubai’s most expensive penthouses, valued at $50 million
AHS Properties, a leading ultra-luxury real estate developer in Dubai, has announced the sale of a high-end apartment in its iconic project, ‘One Canal,’ located along the Dubai Water Canal. The latest transaction included the sale of an apartment for AED 60 million, equivalent to USD 16.3 million. These sales underscore the continued growth of Dubai’s ultra-luxury real estate market.
Abbas Sajwani, Founder and CEO of AHS Properties, commented on this achievement: “Dubai’s luxury real estate market has experienced exceptional growth in 2024, as we had anticipated. Reports indicate that the second quarter of 2024 alone saw a surge in real estate transactions, with 43,261 deals totalling AED 124.1 billion. This represents a notable increase of 14.3% compared to Q2 2023, highlighting the market’s robust activity. We are proud that our projects have played a key role in this growth and have earned clients’ trust in seeking a luxurious lifestyle. This trust is a testament to our commitment to quality and excellence.”
Notably, the One Canal project has witnessed the sale of one of Dubai’s most expensive penthouses, valued at $50 million. The development features an array of exclusive amenities, including indoor and outdoor pools, a cinema room, a wellness centre, a gym, bespoke dining experiences, and more, positioning it among Dubai’s premier ultra-luxury real estate offerings. Since its inception, AHS Properties has been committed to delivering unparalleled living experiences while maintaining the highest standards of luxury, quality, and sophistication.
The project was designed by renowned architect Shaun Killa, best known for his work on the Museum of the Future in Dubai. Abbas Sajwani added: “At AHS Properties, we take pride in forming partnerships with the industry’s leading names, which promise to create unmatched living experiences. Our collaboration with the world-renowned architect Shaun Killa for architecture and HBA for interior design adds immense value to our projects. We are committed to luxury and elegance, and more projects are in the pipeline soon.”
Since its establishment in 2021, AHS Properties has made a significant mark on Dubai’s luxury real estate market, achieving remarkable sales across its various projects and continuously forming strategic partnerships. These partnerships are a testament to our reliability and strength, ensuring the delivery of distinguished and upscale living experiences.