Real Estate
AHS Properties Buys Dubai's Shangri-La for Dh1.1 Billion as Sheikh Zayed Road Values Climb
AHS Properties has acquired the iconic Shangri-La Dubai hotel and mixed-use tower on Sheikh Zayed Road for Dh1.1 billion, one of the largest single-asset deals the city has recorded in recent years. The transaction marks a 57% increase from the property's last sale in 2020 and reinforces investor confidence in Dubai's prime commercial and hospitality corridor.