Dubai’s Former ‘Big Ben’ Tower Sells Out, Generates $700M in Revenue
AHS Tower, formerly known as Dubai’s “Big Ben” tower has officially sold out, generating more than $700 million (Dh2.57 billion) in total sales, according to developer AHS Properties.
The 69-storey Grade A commercial tower, located on Sheikh Zayed Road, marks one of the most significant office market transactions in recent years.
From “Big Ben” to AHS Tower
The building earned its former nickname due to its resemblance to London’s iconic clock tower. Following its acquisition in July 2025, the structure underwent a full façade redesign, and the clock feature was removed to create a new architectural identity.
Key highlights:
- 69 floors
- Over 200 metres tall
- Prime Sheikh Zayed Road location
- Grade A commercial office space
AHS Properties acquired the tower from the Commercial Bank of Dubai for approximately $120 million (Dh440.4 million) before repositioning and selling the asset.
Strong Demand for Premium Office Space
Dubai’s office market has been experiencing exceptional growth, driven by record company formations. In 2025 alone, more than 250,000 new companies were established, pushing the total number of operating businesses in Dubai to approximately 1.4 million.
This surge has intensified demand for:
- Grade A office space
- Central business district locations
- Wellness-focused commercial environments
- High-end corporate headquarters
Sheikh Zayed Road remains one of the most desirable commercial corridors in the emirate due to connectivity, prestige, and metro accessibility.
The Rise of Wellness-Driven Commercial Real Estate
AHS Properties has positioned AHS Tower within the growing wellness-oriented office movement a sector globally valued at $584 billion and projected to exceed $1.1 trillion by 2029.
Modern corporate tenants increasingly prioritise:
- Health-conscious design
- Natural light integration
- Air quality systems
- Flexible work environments
- Employee wellbeing infrastructure
This shift reflects the broader evolution of offices from traditional workplaces into experiential, human-centric hubs.
Strategic Implications for Dubai’s Commercial Market
The successful sell-out of AHS Tower signals:
- Strong investor appetite for premium office assets
- Confidence in Dubai’s long-term business growth
- Limited supply of new Grade A inventory
- Rising absorption in core business districts
As multinational firms and regional headquarters continue relocating to Dubai, high-quality commercial towers in prime corridors are expected to remain in strong demand.
Key Takeaway
The transformation and complete sell-out of AHS Tower highlights the continued strength of Dubai’s commercial real estate sector in 2026. With record business registrations and a growing focus on wellness-driven office environments, premium Grade A towers along Sheikh Zayed Road are positioning themselves as long-term strategic assets.
For investors and corporate occupiers alike, central connectivity and future-focused design are now the defining drivers of commercial value in Dubai.
