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Home / Developers / Almal Real Estate
Developer · UAE off-plan

Almal Real Estate

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.

Founded 2022 Founder Dmitriy Starovoitov HQ Dubai, United Arab Emirates RERA registered
2022
Founded
Ultra-luxury
Segment
$400M+
Pipeline
THE TRACK RECORD

Almal Real Estate's record.

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.

Delivery record

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.

Financial strength

A $400M flagship project; the global expansion strategy points to substantial capital backing.

Founded2022
FounderDmitriy Starovoitov
HQDubai, United Arab Emirates
TypePrivate · Investment & development
Active projects1
Entry pricefrom 1.7M AED
SIGNATURE COMMUNITIES

Almal Real Estate flagship destinations.

Branded Residences + hotel
The Unexpected Al Marjan Island Hotel & Residences
Al Marjan Island, RAK — $400M. 422 units, 36,000 sq m. Managed by Palladium Hotel Group. Branded beach club, rooftop pool, wellness. Inspired by The Unexpected Ibiza. Handover 2027
Private beachfront villas
Harrisoni La Mer
La Mer, Dubai — two 5BR ensuite villas across 2,100 sq m
Resort residences + hotel
The One by Almal — Bali
Nusa Dua, Bali, Indonesia — Almal's debut international project
Resort residences
The One by Almal — Thailand
A planned project in Thailand
WHAT SETS THEM APART

What makes Almal Real Estate special.

Property types Branded ResidencesVillasHotelRetail
Price segment Ultra-luxury

Signature style

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.

1 ACTIVE PROJECT

All projects by Almal Real Estate.

Live from the catalog — sorted cheapest first. Click any card for the full property page.

OFF-PLAN
Al Marjan Island · Ras Al Khaimah

The Unexpected Al Marjan Island Hotel & Residences at Al Marjan Island, Ras Al Khaimah

Studio, 1-2 Bedroom Handover Q4 2026
From
1,700,000 AED
GOOD TO KNOW

Common questions about Almal Real Estate.

Who is the founder?+

Dmitriy Starovoitov — Founder in 2022. He built the group from a UAE startup into a brand spanning three continents within three years.

What is The Unexpected?+

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.

What is the 2030 strategy?+

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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