DUBAI, United Arab Emirates--(BUSINESS WIRE)--May 21, 2026--
While global real estate capital recalibrates, Abbas Sajwani is accelerating.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260519804834/en/
The 26-year-old Founder and CEO of AHS Properties - recently recognised by Forbes as the youngest Arab billionaire and the youngest billionaire globally in real estate, with a net worth of $1.9 billion - is building one of the fastest-scaling development platforms in Dubai.
Since launching in 2021, AHS Properties has expanded from ultra-luxury villa redevelopments into a multi-billion-dollar portfolio spanning waterfront residential, Grade-A commercial, and large-scale mixed-use developments across Dubai’s most strategic corridors.
Its commercial flagship, AHS Tower on Sheikh Zayed Road, sold out during construction, while its broader pipeline is projected to reach AED 50 billion by year-end.
This growth is underpinned by a strategy that runs counter to broader market caution.
“The real risk in this market isn’t volatility, it’s waiting,” Sajwani said. “By the time conviction feels obvious, the opportunity is already priced in.”
At a time when segments of global capital have moved to the sidelines amid geopolitical and macroeconomic uncertainty, AHS Properties has continued to deploy, advancing strategic land acquisitions and launching new developments aligned with long-term demand.
Sajwani’s thesis is structural, not cyclical.
He believes Dubai is undergoing a permanent repositioning, from a discretionary luxury destination to a core hub for global capital, driven by sustained inflows of ultra-high-net-worth individuals, founders, and family offices.
“This isn’t about short-term demand,” he said. “It’s about where capital is choosing to live.”
That perspective is informed by early experience in financial markets. Beginning equity trading at 14, Sajwani developed a disciplined, long-term approach to capital allocation, one now applied at scale across real estate.
As global investors reassess geographic exposure, AHS Properties is emerging as a high-conviction operator, building not around market sentiment, but ahead of it.
For further media information visit: https://ahsproperties.com/abbas-sajwani/
About AHS Properties, please visit:https://ahsproperties.com/
Source:AETOSWire
Abbas Sajwani, Founder and CEO of AHS Properties. (Photo: AETOSWire)
PHUM BOEUNG, Cambodia (AP) — Hundreds of Cambodians on Thursday morning honored their village’s guardian spirits by holding a colorful centuries-old ceremony to pray for good fortune, rain and prosperity.
The “He Neak Ta” ritual has been celebrated annually for several hundred years by the villagers in Phum Boeung, about 25 kilometers (15 miles) northwest of the capital, Phnom Penh.
The ceremony, which has become increasingly rare in modern times, coincides with the onset of the summer monsoon as farmers prepare for planting rice, a particularly water-intensive crop.
Although most Cambodians are Buddhist, the ritual reflects a widespread faith in animism, the belief that spirits can inhabit all types of living and inanimate objects.
Chamrouen Ratha, a 26-year-old blacksmith, said he was taking the day off from work to join other villagers in honoring the same spirits celebrated by his ancestors.
“The significance of this ceremony is to pray for happiness and prosperity for all the villagers in this area and the participants who have joined this ceremony,” he said.
Villagers of all ages congregate about 2 kilometers (1.2 miles) from the local monastery dedicated to their guardian spirit. Young village men paint scenes inspired by local folklore on their faces and bodies, dress as spirits and don grass skirts. A few wear painted oversized heads atop their costumes.
Many young woman wear traditional silk clothing, with gold-colored necklaces and flowers tucked behind their ears. Some dance elegantly to the beat of handheld drums and small gongs.
The ragtag procession, including some participants traveling on motorbikes and even on horseback, slowly makes its way to the guardian spirit's shrine.
There, villagers light incense sticks and offer various types of fruit, food, soft drinks, and alcohol while praying for good fortune, adequate rain, prosperity and the prevention of disease within their community.
The half-day ceremony concludes with the spraying of holy water on the cheerful participants.
“I pray for enough rainfall with abundant rice production ... so that villagers would enjoy their harvest,” said one of the costumed marchers, 30-year-old driver Sim Pov.
Neak Mao, 64, who brought two horses with him, said he has attended the ceremony since he was young.
"This celebration is to ensure that the traditions of our ancestors are not lost, which they have tried to preserve and we continue to do so every year,” he said.
A boy with a ghost painting takes part in a ceremony to invoke rain amid the rice planting season in Pring Ka-ek village, northwest of Phnom Penh, Cambodia, Thursday, May 21, 2026. (AP Photo/Heng Sinith)
A man representing a ghost rides on a horse during a ceremony to invoke rain amid the rice planting season in Pring Ka-ek village, northwest of Phnom Penh, Cambodia, Thursday, May 21, 2026. (AP Photo/Heng Sinith)
Villagers march to mark a ceremony to invoke rain amid the rice planting season in Pring Ka-ek village, northwest of Phnom Penh, Cambodia, Thursday, May 21, 2026. (AP Photo/Heng Sinith)
Boys representing ghosts participate during a ceremony to invoke rain amid the rice planting season in Pring Ka-ek village, northwest of Phnom Penh, Cambodia, Thursday, May 21, 2026. (AP Photo/Heng Sinith)
A man with a ghost painting takes part in a ceremony to invoke rain amid the rice planting season in Pring Ka-ek village, northwest of Phnom Penh, Cambodia, Thursday, May 21, 2026. (AP Photo/Heng Sinith)
