AHS Properties Acquires Shangri-La Hotel for AED 1.1 Billion

AHS Properties has acquired the Shangri-La Hotel on Sheikh Zayed Road for AED 1.1 billion from Mismak Asset Management, marking one of the largest single-asset real estate deals in recent history. The 43-floor, 200-metre tower, completed in 2003, was among the first five-star hotels on the corridor.

This acquisition complements AHS Tower and AHS City, forming a vertical corridor strategy that represents a substantial portion of the developer’s AED 50 billion year-end 2026 pipeline. Founder and CEO Abbas Sajwani described the purchase as a long-term investment in structurally constrained assets, reflecting confidence in Dubai’s real estate sector and global investor appeal.

The transaction does not affect hotel operations, ensuring guests continue to receive premium service while reinforcing AHS Properties’ landmark presence along Sheikh Zayed Road.