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AHS Properties Successfully Sells Penthouse at One Canal Project in Dubai for $50 Million
Oct 26, 2023
AHS Properties Successfully Sells Penthouse at One Canal Project in Dubai for $50 Million Dubai
By   Internet
  • City News
  • Penthouses
  • Dubai Apartments
  • Dubai Property
Abstract: Located along the Dubai Canal in the United Arab Emirates, One Canal is an ultra-luxurious residential building. The duplex penthouse was sold to a European billionaire's family office, becoming one of the most expensive top-floor apartments in Dubai.

Encompassing 30,000 square feet, the top-floor apartment boasts state-of-the-art amenities, including a private gym, steam room, sauna, an exclusive rooftop garden with a swimming pool, two additional private pools, majestic high ceilings, and double parking spaces. Residents can enjoy stunning panoramic views, including iconic landmarks such as the Burj Khalifa, the Arab Tower, and the Dubai Canal.


The One Canal project, valued at $450 million, was launched in partnership with Fendi Casa in November 2022 and saw tremendous sales success. The sale of the top-floor duplex represents the last part of the available inventory.


Overseeing this transaction were Karl Shehfe and Gregory Mathieu, representing Everose Properties, a wealth management entity. The interior design of One Canal was led by Hirsch Bedner Associates, with renowned architect Shaun Killa responsible for the building design, also known as the mastermind behind the Museum of the Future.

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Abbas Sajwani, CEO, and founder of AHS Properties, stated that this significant sale to European buyers demonstrates the vibrancy of the luxury real estate market in Dubai.


With the UAE attracting an increasing number of high-net-worth individuals looking to make Dubai their home, the luxury real estate market is expected to continue to grow. AHS Properties is committed to elevating and redefining luxury, further solidifying its position in the high-end real estate sector in Dubai, becoming the preferred choice for global investors, offering prime locations and unparalleled amenities.


In addition to the One Canal project, AHS Properties has also launched the One Crescent project on Jumeirah Palm Island, a low-rise residential building designed by Killa Design. One Crescent offers top-notch facilities similar to One Canal and enjoys sea views and Dubai's most iconic landmarks.


Since its establishment in November 2021, AHS Properties has rapidly become a major player in the ultra-luxury real estate sector, developing into a successful real estate developer through the acquisition, refurbishment, and resale of luxury homes in prime locations such as Jumeirah Palm Island and the UAE mountains.


This successful transaction not only demonstrates the strength of AHS Properties in the Dubai real estate market but also reflects Dubai's appeal as a global real estate investment hotspot. As an international city with advanced infrastructure, world-class architecture, and unique cultural charm, Dubai has attracted investors and high-net-worth individuals from around the world.

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AHS Properties Successfully Sells Penthouse at One Canal Project in Dubai for $50 Million
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