Abbas Sajwani’s AHS acquires Shangri-La Dubai hotel for Dhs1.1bn
AHS Properties has acquired the Shangri-La Dubai hotel for Dhs1.1bn, marking one of the largest single-asset real estate transactions in Dubai in recent years
10 June, 2026
TT
16
Luxury developer AHS Properties has acquired the Shangri-La Dubai hotel on Sheikh Zayed Road for Dhs1.1bn.
The acquisition strengthens the company’s expanding footprint on Sheikh Zayed Road, where it already has a presence through AHS Tower and the recently announced AHS City development.
Speaking to Gulf Business, Abbas Sajwani, founder and CEO of AHS Properties, said the deal was driven by the property’s prime location and the company’s long-term conviction in Dubai’s continued growth.
“What attracted me to it is the location. You cannot replace this kind of location,” Sajwani said.
“Given the demand in that location, the continued growth of Dubai and everything the city has to offer, we thought it was a great acquisition for our long-term vision.”
Completed in 2003, Shangri-La Dubai is one of Sheikh Zayed Road’s most recognisable and longstanding hospitality landmarks.
The mixed-use tower occupies a prime position on the corridor, further offering views of both the Burj Khalifa and the Arabian Gulf.
“We believe Sheikh Zayed Road is the centre of the city and connects everything together,” he said.
“The location is second to none because you’re in the middle of the city, with uninterrupted views of Burj Khalifa on one side and the sea on the other.”
Katerina Dixon, assistant vice president (AVP) for regional marketing and corporate communications MEIA at Shangri-La Group, told Gulf Business that the hotel group welcomes AHS as the new owner of the asset.
“For our guests, colleagues, and partners, it remains business as usual. Our focus continues to be on delivering the exceptional service, warm hospitality, and memorable experiences that guests have come to expect from Shangri-La,” she said.

Confidence in Dubai
The deal comes as Dubai’s property market continues to demonstrate resilience despite ongoing geopolitical uncertainty in the region.
Sajwani said the acquisition reflects confidence in Dubai’s long-term trajectory rather than any short-term market considerations.
“We honestly believe Dubai is a unique place. There is nowhere else in the world like it,” he said.
“There are many reasons for that, from its economic policies and visa policies to its luxury lifestyle, quality of life and safety. When you put all those things together, Dubai becomes a city unlike anywhere else.”
He added that Dubai’s ability to attract international investors and talent continues to support its long-term growth outlook.
“We have more than 200 nationalities living in Dubai. The city will continue to grow because what it offers simply cannot be replicated elsewhere.”
For Sajwani, the acquisition also carries personal significance.
Having frequented the property for years, he described becoming its owner as a proud moment and one that aligns with AHS Properties’ ambition to develop a long-term presence along one of Dubai’s most important commercial and residential corridors.
“It’s a historic property that has been part of Dubai for more than 20 years,” he said.
“Owning it gives me a lot of pride.”
Sheikh Zayed Road developments
Alongside the Shangri-La acquisition, AHS Properties is advancing AHS City, a major mixed-use project at the entrance to Sheikh Zayed Road, which Sajwani said will become the company’s largest development to date.
“We’re going to focus on these two projects this year,” he said.
Founded in 2021, AHS Properties has rapidly established itself as a major player in Dubai’s ultra-luxury real estate market, with a portfolio of high-end developments across Palm Jumeirah, Emirates Hills and other prime locations.

























