One Crescent

AHS Properties works at the ultra prime end of the Dubai market in very small numbers. Casa Canal, on the water at Al Safa, is the project that defines the approach: few units, very large, and priced accordingly.

What do they build?

A small number of high value residences, mostly waterfront, aimed at buyers for whom the specific unit matters far more than the developer's volume. We broker 1 off-plan AHS project, from AED 20,000,000.

Where do they build?

• Al Safa — 1 property

What should you check before buying?

• Comparables, and the lack of them. At this level there are few genuinely similar sales, so an independent view on price is worth more, not less.
• Service charges and any branded management fee, in writing and annually.
• Liquidity. The buyer pool is small. Expect a sale to take time, and factor that into how long you intend to hold.
• The specific unit. Aspect, ceiling height, floor and outlook drive value at this end far more than the address alone.
• The escrow arrangements, which matter more with a developer of small volume than with a listed one.

Are they a safe developer to buy from?

A small developer at a high price point deserves more diligence than a large one, and that is a statement about arithmetic rather than about AHS. Confirm the escrow account, look at what has been delivered, and get an independent read on the price. If a unit is worth it we will say so, and if it is not we will say that too.