Abbas Sajwani’s AHS Purchases Shangri‑La Dubai Hotel for Dhs1.1 bn

AHS, the investment firm of Abbas Sajwani, announced the purchase of the Shangri‑La Dubai hotel. The transaction price is reported at Dhs1.1 bn. The acquisition adds a luxury hospitality asset to AHS’s portfolio. Gulf Business reported the deal and its financial details. The hotel is a prominent property in Dubai’s tourism market. The purchase reflects confidence in the region’s hospitality sector. AHS plans to manage the hotel under its existing brand strategy. Market observers will watch the impact on Dubai’s hotel landscape.