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Amadea

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Dubai’s 27-Year-Old Tycoon Makes History With Amadea Purchase And Pickleball Pad
business1 day ago

Dubai’s 27-Year-Old Tycoon Makes History With Amadea Purchase And Pickleball Pad

A 27-year-old Dubai billionaire, Abbas Sajwani, has become the world’s youngest superyacht owner after winning a sealed-bid auction for the seized Amadea, paying about $187 million—roughly a $138 million discount off its $325 million value. Sajwani, who previously toured Amadea in 2020 and later bought a smaller yacht, now uses Amadea as a floating home and office, entertaining VIPs on weekdays and hosting weekend gatherings, with lavish features including a 33-foot infinity pool, multiple spas, and a helipad that was recently converted into a pickleball court.

Abbas Sajwani buys seized megayacht Amadea for $187 million, linking Dubai to Trump ventures
business4 days ago

Abbas Sajwani buys seized megayacht Amadea for $187 million, linking Dubai to Trump ventures

The U.S. government auctioned the 348-foot megayacht Amadea, seized amid sanctions on Russian oligarchs, for $187 million to Abbas Sajwani, the Dubai-based billionaire Hussain Sajwani’s son and partner with DAMAC Properties in a Trump Organization venture. The sale, kept private by officials, follows a lengthy legal fight that included the yacht’s maintenance costs while in U.S. custody. After the purchase, Amadea headed to Fort Lauderdale and Charleston for minor repairs, with Sajwani saying he plans to use it as a place to live.

Dubai’s 27-Year-Old Real-Estate Billionaire Converts a $250M Yacht Into a Floating HQ
business8 days ago

Dubai’s 27-Year-Old Real-Estate Billionaire Converts a $250M Yacht Into a Floating HQ

Abbas Sajwani, a 27-year-old Dubai real‑estate heir, bought the 348‑foot superyacht Amadea for about $250 million after it was seized from Russian oligarch Suleiman Kerimov, using it as a floating office to run his empire via AHS Properties; he has also just acquired the Shangri‑La Dubai for $300 million and is planning the massive AHS City project, with Amadea’s luxury amenities—cinema, spa, 10‑meter infinity pool, gym, and a pickleball‑courts helipad—embody his blend of trophy assets and serious real‑estate expansion.