Russia’s property conglomerate Forum Group unlocks Dubai venture
Forum Group the Russian developer of elite housing and commercial real estate will launch its first Dubai venture with twenty-two luxury villas covering 500,000 sq. ft. on Palm Jumeirah one of Dubai’s most sought after locations.
Situated near the end of the Palm Jumeirah West Crest, residents of the Mediterranean architectural inspired XXII Carat villas will enjoy a luxury hotel-inspired lifestyle offering spacious accommodation with unsurpassed convenience of 24-hour, 7-day a week concierge and exclusive access to private beachfronts spanning 720 ft. with 360° views of Dubai City and the Persian Gulf. XXII Carat villas ensure absolute luxury and comfort designed with meticulous precision across interior and landscape architecture.
Forum Group was established in 2008 after the reorganization of NOVA-Group Holding Company to oversee the full cycle of real estate, operating as a developer of elite housing and large scale mixed-use real estate the company has a property market experience combining more than 20 years.
At the helm is the internationally respected Oleg Cherepanov, leading the company to create modern, high-quality sustainable and innovative portfolios of residential and commercial success.
Executing the financing, construction, design and sale Forum Group delivers projects of significant return to investors with a 2015 revenue of USD $144 million and gross profit of USD $27million.
As well as the creation of the twenty-two villa XXII Carat project, Forum Group has acquired two other plots for residential development in Dubai.
Boasting over 500 employees the company is poised to expand its ultra-luxury property portfolio of multi-faceted global real estate development to Russia and the GCC region.