UAE's Almal Real Estate enters Southeast Asia with luxury project in Bali
Its founder, Dmitriy Starovoitov said the company is shaping the future of resort-style living globally, and its expansion into Southeast Asia is a strategic move following its strong performance in the UAE.
"Our mission extends beyond delivering iconic developments—we aim to foster meaningful connections with like-minded investors, partners, and industry stakeholders who share our passion for innovation and excellence," he said in a statement.
The project, located in Nusa Dua, marks the start of its 2030 expansion plan, which includes future developments in Thailand, Vietnam, the Philippines, Seychelles, and Mauritius.
'The One by Almal' will introduce a residential resort-style living concept, combining beachfront villas, residences, and townhouses with curated resort services, wellness programmes and signature dining experiences.
The developer is known for landmark projects such as The Unexpected Al Marjan Island Hotel & Residence in Ras Al Khaimah, which achieved record-breaking sales, and Harrisoni Villas in Dubai, a collection of luxury beachfront properties valued at over US$30 million each. (US$1=RM4.27)
Almal is also behind the Smart Space concept, set to be the UAE's first branded off-plan business centre, and is actively exploring new investment avenues through digital platforms such as the upcoming 'The One' app.
The Bali project marks a significant step in Almal's international journey as it seeks to redefine luxury real estate experiences in emerging and high-growth markets.
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