DUBAI (ALETIHAD)
AHS Properties has announced the acquisition of Shangri-La Hotel on Sheikh Zayed Road in Dubai for Dh1.1 billion, in what the company described as one of the largest single-asset real estate transactions recorded in recent history.
The property was acquired from Mismak Asset Management. “The transaction cements one of the most concentrated private-sector bets on Sheikh Zayed Road’s next decade,” AHS Properties said in a statement.
The Shangri-La Hotel is a 43-floor, 200-metre tower on Sheikh Zayed Road. Completed in 2003, it was one of the first five-star hotels to open on the corridor.
The acquisition adds an anchor asset to AHS Properties’ portfolio, which already includes AHS Tower, a recently sold-out Grade-A commercial development on Sheikh Zayed Road, and AHS City, the developer’s flagship master-planned, mixed-use community on the same corridor with a forecast gross development value of Dh25 billion.
AHS Properties said the three assets — AHS Tower, AHS City and Shangri-La Hotel — form a “vertical corridor play.” Their combined footprint represents a significant share of the company’s Dh50 billion year-end 2026 pipeline, according to the statement.
“We did not buy a hotel. We bought a position on a corridor where supply is structurally constrained, and demand is globally diversified. This is more than an acquisition for AHS Properties. It’s a statement of our long-term confidence in Dubai, in the strength of its real estate sector, and in its continued appeal to global capital,” said Abbas Sajwani, Founder and CEO of AHS Properties.
According to its official website, AHS Properties was founded in 2021 by Abbas Sajwani and is focused on ultra-luxury real estate, creating residential and commercial destinations in Dubai. The company says its developments are centred on architectural quality, design, partnerships and luxury spaces, with a portfolio spanning residential, commercial and villa projects. Its website lists more than 17 million square feet built, more than Dh36 billion in gross development value and more than 12 ultra-luxury projects.
The company said the acquisition reflects its strategy of deploying capital into structurally constrained assets. Citing Dubai Land Department data, the statement said Dubai’s real estate sector recorded Dh252 billion in transactions in the first quarter of 2026. Foreign investment rose 26% to Dh148.35 billion, with the investor base reaching 48,448.
“The Shangri-La Hotel sits on land that will not be released again. The first five-star hotels on Sheikh Zayed Road were built more than twenty years ago. This is not a deal that anyone, including us, will be able to do twice. That is the reason this acquisition makes sense at this scale,” Sajwani said.
AHS Properties said the acquisition will have no impact on the hotel’s day-to-day operations, and guests can continue to use the property’s services as usual. The company said the hotel remains an important part of its broader Sheikh Zayed Road portfolio.