Almal Real Estate Development was founded in 2022 by Dmitriy Starovoitov (Founder). Its philosophy: 'Building Iconic Real Estate Brands Globally'. The flagship project is The Unexpected Al Marjan Island Hotel & Residences in RAK — $400 million, 422 units, 36,000 sq m, managed by Palladium Hotel Group, with handover in 2027. The concept draws on The Unexpected in Ibiza. Its 2030 strategy: expansion across Southeast Asia (Bali, Thailand, Philippines, Vietnam) plus the Seychelles and Mauritius.
The first UAE-born brand to expand globally. Partnered with Palladium Hotel Group (one of the world's leading hospitality brands). A 2030 strategy spanning expansion into 7 international markets.
A $400M flagship project: The Unexpected Al Marjan (422 units, managed by Palladium Group, handover 2027). Record sales at launch. Harrisoni La Mer — two ready 5BR villas. Expansion into Bali (The One by Almal, Nusa Dua) and Thailand.
A $400M flagship project; the global expansion strategy points to substantial capital backing.
Global branded real estate built on hospitality-led concepts. The Unexpected concept is adapted from Ibiza for the UAE. Each development combines hotel + residences + retail + wellness + dining.
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Dmitriy Starovoitov — Founder in 2022. He built the group from a UAE startup into a brand spanning three continents within three years.
The flagship project — $400M on Al Marjan Island, RAK. 422 units (hotel + residences) across 36,000 sq m. Managed by Palladium Hotel Group. Inspired by The Unexpected Ibiza — a distinctive lifestyle hotel concept. Handover 2027.
Almal is 'the first UAE-born brand to expand globally'. Its 2030 strategy includes launches in 7 international markets: Bali (Nusa Dua — already active), Thailand, Vietnam, the Philippines, the Seychelles and Mauritius.
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