Almal Real Estate Development

What Almal Real Estate Development does

Almal Real Estate Development is a UAE-based private real estate development and investment group founded in 2020, headquartered in Dubai with a regional office in Nusa Dua, Bali. The company develops branded residential, hospitality, and commercial properties across at least six countries — UAE, Indonesia, Thailand, Cyprus, Mauritius, and Vietnam — with an active project portfolio valued at over $300M. Its core business centers on creating architecturally distinctive, investment-grade properties in luxury and emerging resort destinations, targeting high-net-worth individuals and property investors seeking 20-25% capital uplift ROI targets, with reported 60% capital appreciation for early investors at The Unexpected on Al Marjan Island.

The company's product portfolio comprises four sub-brands: The Unexpected Hotels and Residences (a 422-unit branded hotel and residences project on Al Marjan Island, RAK, managed by Palladium Hotel Group); Harrisoni La Mer (two ultra-luxury five-bedroom villas in Dubai valued at $30M+ each, ready for handover); The One by Almal (a global resort-style living brand with 154 units in Bali managed by Wyndham's Registry Collection Hotels, plus upcoming projects in Thailand, Mauritius, Cyprus, Vietnam, and the Seychelles); and The Smart Space (a commercial mixed-use development in Dubai with offices and retail). Its proprietary technology platform, The One App, integrates property management, concierge services, and ROI tracking for owners of managed rental properties. No public API, AI/ML capabilities, or SDK are disclosed; the technology differentiator is integration and interoperability rather than AI.

Almal's business model combines one-time revenue from luxury property sales with recurring management and short-term rental income streams. The company sells through a hybrid direct sales team (Head of Sales Ehab Abdelrahman plus multiple regional Sales Managers) and a network of 300+ global channel partners, distributing properties both directly and via hospitality brand platforms (Wyndham's 9,000+ hotels across 95+ countries; Palladium's 60+ hotels). Founded by Dmitriy Starovoitov and led by CEO Vladimir Visotskyi, with Elena Barbashina as CFO and Mohammed Khader as COO, the company employs 11-50 staff representing 25+ nationalities and has accumulated 14 industry awards in 2024-2025, including Real Estate Developer of the Year (Construction Innovation Awards 2025) and Real Estate Investment Firm of the Year (The RealTek Awards 2024).

Name

Almal Real Estate Development

Legal name

Almal Investments

Website

https://almal-investments.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Luxury Real Estate Development

NAICS

Other Activities Related to Real Estate (531390), Real Estate Property Managers (53131), Traveler Accommodation (7211)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Hotels & Motels (7011)

akta.pro industry

PRIMARYBPAJAMAL

Real Estate Development Asset Management (Project/Construction-to-Stabilization)

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Asset & Portfolio Management

SECONDARYIMAFABAL

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities)

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Residential Building Construction

SECONDARYBPAJAMAE

Hospitality (Hotels & Resorts) Asset Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Asset & Portfolio Management

Keywords

• Luxury real estate development
• Branded residences
• Hospitality property investment
• Private villa development
• Commercial mixed-use real estate

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Real Estate Property Sales: Primary revenue from selling luxury residential units, private villas, and branded hotel residences. Properties include Harrisoni La Mer (AED 100M+ villas), The Unexpected (AED 2.8M+ units), and The One Bali (USD 100K+). Revenue is one-time at point of sale with potential for follow-on services.
2. Hospitality Management Services: Ongoing revenue from managed properties through partnerships with Wyndham Hotels & Resorts (The One Bali) and Palladium Hotel Group (The Unexpected). Properties are designed for short-term rental income enabling passive returns for owners.
3. Short-term Rental Income: Properties managed for rental income through The One App platform, enabling owners to generate passive income through short-term vacation rentals at luxury resort destinations.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Almal Real Estate Development is a UAE-based developer and investment group that conceives, builds, and sells luxury branded real estate across residential, hospitality, and commercial categories. Its portfolio includes private villas, branded hotel residences, and mixed-use developments in destinations such as Dubai, Ras Al Khaimah, Bali, and Thailand, with hospitality management handled by global operators (Palladium Hotel Group, Wyndham's Registry Collection). The company complements its property sales with ongoing hospitality management and short-term rental income programs, supported by a proprietary owner platform called The One App.

Product overview

Almal Real Estate Development is a UAE-based real estate development and investment group offering a portfolio of branded lifestyle-driven properties across residential, hospitality, and commercial sectors. The company's product portfolio consists of four main branded developments: (1) The Unexpected Hotels and Residences — a branded hotel and residential project in Ras Al Khaimah managed by Palladium Hotel Group; (2) Harrisoni La Mer — an exclusive luxury villa collection in Dubai's La Mer; (3) The One by Almal — a global resort-style living brand with projects in Bali and Thailand, operated under Wyndham's Registry Collection Hotels, integrated with The One App for owner management and ROI tracking; and (4) The Smart Space — a commercial flexi-workspace development in Dubai. The company operates primarily in the UAE (Dubai, Ras Al Khaimah) and expanding internationally to Bali, Thailand, Mauritius, Cyprus, Vietnam, and the Philippines.

Differentiator

Problem solved

Functional benefit

Brands

• The Unexpected: Branded Hotel & Residences project located on Al Marjan Island, Ras Al Khaimah, UAE. Operated by Palladium Hotel Group. 422 units, 36,000 m² land area, estimated handover 2027.
• Harrisoni La Mer
• The One by Almal
• The Smart Space

Products and services

• The Unexpected Hotels and Residences A branded hotel and residential project on Al Marjan Island, Ras Al Khaimah, UAE, managed by Palladium Hotel Group. The 36,000 m² development includes 319 hotel rooms and 103 apartments with amenities such as a branded beach club, rooftop pools and lounges, a floating stage, and wellness and dining facilities. Estimated handover: 2027. Target customers are HNW investors and lifestyle buyers seeking branded residences in the UAE.
• Harrisoni La Mer An exclusive collection of two five-bedroom luxury villas in La Mer Maison, Dubai. Each villa sits on 2,100 m² of land and includes a private pool, rooftop terrace, secret garden, sports facilities, and panoramic sea and city views. Prices start at AED 100,000,000 and the villas are ready for handover. Aimed at ultra-high-net-worth buyers.
• The One by Almal Bali A luxury residential complex in Nusa Dua, Bali, operating as part of Wyndham's Registry Collection Hotels. Offers 154 residential units (villas, townhouses, and apartments) on 10,000 m² of land, with co-working space, pool bar, restaurant, gym, and rooftop restaurant. Prices start at USD 100,000, with an estimated 2027 handover.
• The Smart Space A commercial mixed-use development in Dubai offering flexible workspaces and lifestyle amenities. Property type: Offices and Retail. Currently in preparation phase with an ongoing rollout, targeting business tenants and flexible workspace users.
• The One by Almal (Thailand) A resort-style living development in Thailand under The One by Almal global brand, offering private villas on 2,100 m² of land. Positioned as a high-ROI investment opportunity, with an estimated Q1 2027 handover. Targeted at international lifestyle buyers and investors.
• The One App A proprietary owner platform integrated with The One by Almal brand, providing owners with a seamless experience spanning concierge services and ROI tracking for passive income generated through short- and long-term rental management of resort-style properties. Available to Almal property owners.

Quantifiable outcome

• 60% capital appreciation for early investors at The Unexpected Al Marjan (AED 1.6M to 2.6M price growth)
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered flagship, core and supporting.

• Wyndham Hotels & ResortsflagshipStrategic or Co-development Partner · 16 March 2026Wyndham Hotels & Resorts appointed to manage The One by ALMAL Bali Nusa Dua, joining Wyndham's Registry Collection Hotels portfolio. The partnership provides access to Wyndham's global marketing platforms, reservation systems, and Wyndham Rewards loyalty programme with approximately 9,000 hotels across more than 95 countries.
• Wyndham Hotels & ResortsflagshipStrategic or Co-development Partner · 12 March 2026ALMAL Real Estate Development appointed Wyndham Hotels & Resorts to manage The One by ALMAL Bali Nusa Dua luxury resort project planned for Nusa Dua, Bali, Indonesia. The property will be positioned as an architectural landmark inspired by Bali's natural beauty, targeting the luxury travel market in Southeast Asia.
• Palladium Hotel GroupcoreStrategic or Co-development Partner · 16 April 2024Palladium Hotel Group (60+ hotels worldwide) manages The Unexpected Hotels and Residences on Al Marjan Island, Ras Al Khaimah. The sold-out branded residence project serves as a benchmark for branded living in the UAE, with proximity to Wynn Casino.
• Atmos Group BalicoreImplementation/ SI/ Consulting PartnerAtmos Group Bali is the contractor for The One Bali project, currently at mobilization stage with 12% overall progress. They are responsible for construction delivery of the luxury residential complex.
• Abu Dhabi International Contracting CompanycoreImplementation/ SI/ Consulting PartnerAbu Dhabi International Contracting Company is the contractor for The Unexpected project on Al Marjan Island, currently at 23% progress. They handle construction of the branded hotel and residences.
• CBREsupportingStrategic or Co-development PartnerCBRE is listed among Almal's global collaborators and industry partners, providing real estate consulting and advisory services for developments.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Emaar Properties: Emaar is the UAE's largest listed developer with luxury branded-residence and hospitality-tied projects (Address, Vida, Missoni) at massive scale; it competes broadly with Almal for the same HNW investor pool across Dubai and international destinations.
• Aldar Properties: Aldar is Abu Dhabi's largest developer with significant branded-residence and hospitality exposure, competing with Almal for ultra-prime buyers and capital partners across the UAE's premium development corridors.
• Kerzner International: Kerzner operates ultra-luxury hospitality brands (One&Only, Atlantis, SIRO) and partners with developers on branded residences in destinations like Mexico, the Maldives, and South Africa; comparable to Almal's hospitality-brand co-development model.
• Majid Al Futtaim Properties: Majid Al Futtaim develops branded mixed-use destinations in the UAE with hospitality components, competing broadly for premium investors and operating in the same Abu Dhabi/Dubai/Bahrain corridor.

Direct peers

• Samana Developers: Samana is a Dubai developer focused on off-plan branded residences with strong investor-driven sales and global channel partner networks, closely mirroring Almal's sales-led GTM and capital-upline targeting.
• DAMAC Properties: DAMAC is a Dubai-headquartered developer of luxury and branded residences (notably with Paramount, Cavalli, and other global brands) targeting HNW international investors—directly comparable to Almal's UAE luxury branded-residence model.
• Select Group: Select Group is a Dubai-based luxury developer of branded residences and hospitality-led projects with international destinations—directly comparable positioning, scale tier and buyer targeting to Almal.

Others

• Palladium Hotel Group: Palladium manages Almal's The Unexpected project and is itself a hospitality operator with branded-residence programs; useful as both a strategic partner reference and adjacent branded-residence operator.
• Wyndham Hotels & Resorts: Wyndham is both a strategic partner (Registry Collection operator for The One by Almal Bali) and a broader branded-residence enabler through its 9,000+ hotel network—relevant for distribution-economics benchmarking.

Emerging players

• Banyan Group (Banyan Tree): Banyan operates branded residences integrated with resort hospitality in Southeast Asia and beyond (Bali, Thailand, Vietnam)—directly comparable to Almal's The One brand expansion into Bali, Thailand, Mauritius and Vietnam.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xyoutube.com/@almalofficial
• YouTubeyoutube.com/@almalofficial
• Facebookfacebook.com/AlmalInvestments
• LinkedInlinkedin.com/company/almal-development
• Instagraminstagram.com/almalofficial

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Almal Real Estate Development