AHS Properties plans Dubai office tower conversion on Sheikh Zayed Road

Traders Union
All News
Business & Wealth
AHS Dubai office tower plan

Top Stories

Editors' Picks

Stocks

Crypto

Economics

Currencies

Commodities

Business & Wealth

Market Voices

Olga Shendetskaya

27.10.2026

AHS Properties plans Dubai office tower conversion on Sheikh Zayed Road — AHS eyes Dubai office shift

Office development activity in Dubai is testing investor appetite as regional conflict adds uncertainty to commercial real estate demand. Abbas Sajwani says AHS Properties is moving ahead with a second office tower by converting the Shangri-La Hotel into a $1.3 billion project on one of the city’s main business corridors.

Highlights

AHS Properties will convert the Shangri-La Hotel on Sheikh Zayed Road into a 1 million square foot Grade A office project.
The redevelopment plan includes a 30,000 square foot spa and fitness center, plus over 12,000 square feet of restaurant facilities.
This project tests demand for high-end commercial property in Dubai amid regional conflict, targeting a prime Sheikh Zayed Road location.

Conversion plan for prime Dubai site

As reported by Bloomberg, Sajwani says the Shangri-La Hotel on Dubai’s Sheikh Zayed Road is set to be redeveloped into a 1 million square foot project centered on Grade A office space.

The planned scheme also includes a 30,000 square foot spa and fitness center, along with more than 12,000 square feet of restaurant facilities. Sajwani, the founder and chief executive officer of AHS Properties, outlines the project in an interview as the company advances its second office tower launch.

Demand test for regional real estate

The project serves as a fresh gauge of demand for high-end commercial property in Dubai at a time when the broader region is affected by conflict.

Its location on Sheikh Zayed Road places the development in one of Dubai’s prime real estate areas, giving AHS Properties exposure to occupier and investor demand in a key office market.

In our earlier article on the IMF’s warning about prolonged Middle East conflict, we outlined how renewed disruptions to energy production, shipping routes, and trade flows could weigh unevenly on economies across the region. The IMF projected a 2026 contraction followed by a rebound in 2027, while urging policymakers to focus on price stability and rebuilding fiscal buffers as shock-absorbing capacity tightens.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

Did you like the article?

Editor's Picks for You

From PlayStation to crypto: Why Sony is building its own blockchain

By Ksenia Gerey
8 hours ago

From PlayStation to crypto: Why Sony is building its own blockchain

Editors' Picks

Google loses billions: What’s behind Alphabet’s stock crash?

By Oleg Tkachenko
10 hours ago

Google loses billions: What’s behind Alphabet’s stock crash?

Editors' Picks

The end of Bitcoin’s growth era: Why prominent investors doubt its future

By Olena Litvinenko
Yesterday

The end of Bitcoin’s growth era: Why prominent investors doubt its future

Editors' Picks

All Editors' Top Picks

Latest UAE News

ExxonMobil, Chevron cancel ADIPEC executive trips amid Middle East security concerns

By Aleksandra Chaikina
40 min ago

ExxonMobil, Chevron cancel ADIPEC executive trips amid Middle East security concerns

Companies

#UAE #Chevron #Exxon

Abu Dhabi Mamoura rating affirmed at AA with stable outlook

By Ivan Andriyenko
2 hours ago

Abu Dhabi Mamoura rating affirmed at AA with stable outlook

Financial Institutions

#USA #UAE #Fitch Ratings

Abu Dhabi Developmental Holding ratings affirmed at AA with stable outlook

By Olga Shendetskaya
4 hours ago

Abu Dhabi Developmental Holding ratings affirmed at AA with stable outlook

Companies

#USA #UAE #Fitch Ratings #Company News

Ksenia Gerey
8 hours ago

From PlayStation to crypto: Why Sony is building its own blockchain

Oleg Tkachenko
10 hours ago

Google loses billions: What’s behind Alphabet’s stock crash?

Olena Litvinenko
Yesterday

The end of Bitcoin’s growth era: Why prominent investors doubt its future

Eugene Komchuk
Yesterday

WeFi CEO: Banks are overstating the threat from stablecoins

Dmytro Kharkov
Yesterday

HSBC’s warning signs point to a bigger risk for global banks

Daria Chernytska
10 min ago

Dan Held: Teaching Bitcoin and technology careers at University of Texas

Yulia Slavina
11 min ago

Private domestic sales show signs of economic overheating, Mike Shedlock notes

Mikhail Vnuchkov
11 min ago

Nikkei rallied to almost 2.5 times its level in about 15 months, James Stanley notes

Pavlo Kot
12 min ago

Ledger supply chain faces compromise in Singapore, Changpeng Zhao warns

Oksana Koneva
17 min ago

New and used car prices up by double digits, Nick Gillespie notes

Top News

Hanna Syniavska
3 hours ago

ECB leaves interest rates at 2.5% as inflation pressures persist

ECB leaves interest rates at 2.5% as inflation pressures persist

Eugene Komchuk
4 hours ago

Christine Lagarde announces early resignation as ECB president

Christine Lagarde announces early resignation as ECB president

Olga Shendetskaya
6 hours ago

Brent drops below $110 as Middle East peace talks ease supply concerns

Brent drops below $110 as Middle East peace talks ease supply concerns

Andrey Mastykin
6 hours ago

Nasdaq futures decline as Alphabet sparks tech selloff

Nasdaq futures decline as Alphabet sparks tech selloff

Olga Shendetskaya
8 hours ago

ECB set to hold rates despite inflation and French bond market turmoil

ECB set to hold rates despite inflation and French bond market turmoil

Top 5 companies for you

United States

Live News

Anton Kharitonov
Now

EUR/USD remains in a strong downtrend as ECB decision approaches

Jose Antonio Gastelum
Now

Cardano Foundation expands role in Swiss tokenized securities market

Mykhailo Ihnatenko
Now

Nvidia stock faces $210 risk as Alphabet earnings shake AI sentiment

Pavlo Kot
Now

Visa stablecoin settlement volume surges tenfold to $25 billion

Mykhailo Ihnatenko
Now

Ethereum price faces $2,200 risk as early holder activity and ETF outflows weigh

© IAFT Ltd., 2010-2026 All rights to the website are owned by IAFT Ltd.,
Registration number - HE 336186

Risk disclosure:

Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.

That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
Disclaimer:

Traders Union (TradersUnion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it.

Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Any payments by Traders Union (TradersUnion.com) to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews (articles) and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union.
Disclosure of advertisers and revenues:

All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.