Staff Report
Dubai, UAE
MVS Real Estate Development, a renowned European developer with a portfolio of more than 22,000 apartments delivered in Russia and the UK, has launched its operations in Dubai. It will soon announce details of its first residential tower in one of Dubai’s most sought-after upcoming destinations.
Ivan Baciu, CEO of MVS Real Estate Development, said, “Dubai is the ideal market to develop inspired, out-of-the-box projects that defy conventional architecture and design concepts and which appeal to high-net worth investors as well as end-users who seek exceptional quality living standards. It is a world-leading residential real estate market that provides high returns and unparalleled growth opportunities underpinned by a stable political environment and strong economic foundations.
“The company boasts a solid track record, a team of specialists with extensive international experience, and more than 50 professional industry awards are the foundations ensuring the highest quality of execution for every project we deliver, whether in London, Moscow, St Petersburg or Dubai,” he added.
With over 18 years of international real estate construction experience, the company has built more than 22,000 apartments in 42 buildings to date and residential complexes. It has also delivered 415 commercial real estate projects spanning 56,000 square metres of leasable area including over 20 hypermarkets, two multifunctional family shopping complexes, and storage facilities.
The company has also developed and currently operates two hotels in Russia’s St Petersburg, Gymnasium No 5 and Auguste Chatillon.
MVS Real Estate Development’s comprehensive turnkey approach includes planning, design, financial expertise, procurement, management construction, renovation, and finishing.
The developer’s track record includes strict adherence to meeting delivery deadlines without a single delay or postponement in any of the residential, commercial or hospitality projects it has undertaken to build or renovate in a total combined area of 1.2 million square metres of commissioned space.
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