Abbas Sajwani has actually turned a $ 120 m bank on one of Dubai’s most recognisable incomplete landmarks right into a $ 600 m windfall before the building has even opened its doors, according to Bloomberg.
The 26 -year-old son of Damac creator Hussain Sajwani obtained the 71 -storey Al Yaqoub Tower from Commercial Bank of Dubai in 2014 and has actually already marketed 95 per cent of the systems in what is currently called AHS Tower, Bloomberg has reported
The building, recognized locally as ‘Big Ben’ for its resemblance to London’s Elizabeth Tower, has actually stood empty given that 2013 complying with an economic conflict in between the previous owners and CBD.
A current prospectus obtained by Arabian Service shows the tower minus its rooftop clock.
Sajwani’s AHS Features intends to complete the 328 -metre tower by the fourth quarter of 2026 to capitalise on surging demand for prime office space in Dubai’s economic district, Bloomberg reports.
According to commercial real estate solutions strong Cushman & & Wakefield, Quality An office tenancy in Dubai struck 95 5 per cent in the third quarter of 2025
The building will certainly provide 69 levels of Quality An office space, 17 reveal lifts, over 500 garage and dedicated amenity floors featuring private spas and fitness facilities.
Sajwani informed Bloomberg that AHS Features, developed in 2021, has actually mainly focused on premium property advancements but is currently eyeing additional expansion.
The company is in talks with financial institutions concerning elevating around $ 300 m through a sukuk to get land and develop new tasks.
