Dubai luxury property developer announces record sale of ultra-luxury penthouse


Lucy Ingham
Lucy Ingham
Head of Content
Lucy is Head of Content overseeing all content and taking deep dives into the trends and data driving changes in payments. Previously, Lucy worked as a technology journalist and editor,… Read more
  • AHS Properties, a leading ultra-luxury real estate company in the UAE, has recently made headlines with the successful sale of a luxury penthouse at the One Canal in Dubai.
  • The $50m sale marks a milestone in the luxury property market and showcases the continually growing interest of high net-worth individuals (HNWIs) in luxury living and investment opportunities in Dubai.
  • HNWIs looking to purchase luxury real estate in Dubai should use a safe and reliable money transfer service when making international payments.

Dubai luxury real estate developer AHS Properties has achieved a milestone by selling an ultra-luxury penthouse for $50m.

The penthouse was bought by the family office of a European billionaire. This 30,000-square-foot sky mansion is a true architectural marvel, seamlessly combining four rooftop units to create a one-of-a-kind living space.

With state-of-the-art amenities such as a steam room, sauna, dedicated gym and an exclusive rooftop garden with multiple pools, the penthouse exudes opulence and grandeur.

Located in the prestigious One Canal project, the penthouse offers residents breathtaking panoramic views of iconic landmarks such as the Burj Al Arab, Burj Khalifa and the tranquil Dubai Canal.

The transaction follows AHS’s successful collaboration with Fendi Casa last year, which resulted in the launch of the highly sought-after One Canal project.

Over the past 10 years, Dubai has solidified itself as a world hotspot for luxurious living. International high-net-worth individuals (HNWIs) looking to move to the UAE should read money transfer reviews to inform their overseas transactions.

With a total development value of $450m, the One Canal project has experienced rapid sales, and the sale of the penthouse marks the completion of the remaining inventory.

The sale was facilitated by Everose Properties, with Gregory Mathieu and Karl Shehfe as the representatives. The penthouse offers a living experience that combines the opulence of a luxury villa with mesmerising city panoramas.

The interiors were designed by the renowned international firm Hirsch Bedner Associates, while the architecture was brought to life by the acclaimed architect Shaun Killa, whose previous work includes the city's Museum of the Future.

The CEO and founder of AHS Properties, Abbas Sajwani, expressed his delight at the sale, emphasising the city’s ability to attract HNWIs who desire the ultimate in luxury living.

With a commitment to redefining luxury, AHS Properties continues to establish itself as a prominent player in Dubai’s premium property sector, offering prime locations and luxurious amenities.

HNWIs interested in luxury living should use safe modes of money transfer when purchasing real estate.

Wealthy buyers can use our online money transfer comparison tool to find the best exchange rates.

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