AHS Properties acquired the 43-floor Shangri-La hotel in Dubai for $300 million. The luxury developer, founded by billionaire Abbas Sajwani, bought the five-star property from Mismak Asset Management. This acquisition marks a major bet on the high-end hospitality market in the United Arab Emirates.

Funding for the $300 million purchase comes from a mix of equity and bank debt secured against the development. By leveraging bank financing, the developer maintains liquidity while adding a massive asset to its portfolio. This structure allows the firm to scale its footprint in a competitive luxury market.

This investment signals confidence in the region's economic stability despite falling tourism levels caused by the Middle East war. While geopolitical tension often dampens travel, AHS Properties is betting on the long-term appeal of Dubai. The deal proves that high-net-worth investors still see value in prime UAE real estate.