Dmitriy Starovoitov stands at the forefront of a fast-growing luxury property empire. As the Founder and Chairman of Almal Real Estate Development, he has built a brand that reflects ambition, precision, and a clear vision for global expansion. His journey began in Ukraine, where his academic foundation in information technology laid the groundwork for a career that now spans continents. Today, he lives in Dubai and oversees developments that stretch from the UAE to Southeast Asia, blending lifestyle, design, and investment value.
Early Life
Starovoitov was born in Ukraine, where he studied at the Odesa National Academy of Telecommunications. His technical education gave him a structured approach to planning and execution, skills that would later shape his real estate ventures. After building experience in investment and business, he moved to Dubai, drawn by its booming property sector and open economic climate. In 2023, he established Almal Real Estate Development, aiming to create developments that combine luxury, innovative design, and strategic investment opportunities.
Dubai quickly became his operational base, allowing him to tap into a global network of investors, architects, and hospitality partners. Starovoitov’s approach focuses on prime locations, distinctive designs, and value creation for both residents and investors. His work reflects a balance between lifestyle appeal and financial strength, a rare blend that has set Almal apart in a competitive real estate landscape.
Building Almal Real Estate Development
Under Starovoitov’s leadership, Almal has gained attention for its commitment to creating iconic developments. One of its flagship projects is The Unexpected Al Marjan Island Hotel & Residences in Ras Al Khaimah. This development is being built on Al Marjan Island and includes hotel and residential units with direct views of the Arabian Gulf. It is being delivered in partnership with Palladium Hotel Group and designed by DAR, one of the region’s leading architectural firms. The project broke ground in 2024 and aims for completion in 2026.
Another signature development is Harrisoni La Mer in Dubai. This exclusive residential project features luxury villas along the city’s famous beachfront, showcasing elegant design and refined architecture. The project has already earned the Private Villa Project of the Year award at the 2024 Pillars of Real Estate Awards, further cementing Almal’s reputation as a leader in high-end property development.
Starovoitov is also taking the Almal brand beyond the UAE. The company’s first international venture, The One by Almal (Bali) in Indonesia, reflects his strategy to blend hospitality and residential living. Located in Nusa Dua, the development includes villas, townhouses, and residences surrounded by wellness amenities and fine dining options. Future projects are planned for Thailand, Vietnam, the Philippines, Seychelles, and Mauritius, signaling a clear global expansion strategy.
A Distinctive Development Strategy
Starovoitov has built his reputation on selecting prime locations and focusing on design excellence. His strategy avoids large-scale, generic developments and instead targets niche segments in luxury real estate. Every Almal project blends architectural character with lifestyle value, aiming to create places that resonate with residents and attract global investors.
He collaborates with well-established architectural firms such as XBD Collective and DAR to ensure top-tier quality in every detail. This commitment to craftsmanship and design has allowed Almal to compete with some of the region’s biggest property developers while maintaining a distinctive identity.
His focus is not just on building structures but on creating integrated experiences. Many Almal developments combine residential, hospitality, wellness, and leisure features. This approach adds layers of value that make the projects more desirable to both end-users and investors, particularly those looking for lifestyle-driven returns.
Personal Philosophy and Vision
Dmitriy Starovoitov has often spoken about real estate as more than just physical construction. He views it as a way to build experiences that offer both personal comfort and strong financial performance. His background in technology and investment helps him approach projects with data-driven precision, while his entrepreneurial outlook fuels bold expansion into new markets.
His personal journey from Ukraine to Dubai reflects determination and adaptability. He lives in Dubai with his family and places high value on health, family time, and disciplined investing. He believes in directing wealth toward growth and giving back to society. This belief led him to establish The Fund of Kind Hearts in 2014, which supports talented children from low-income families and orphanages. For him, success carries a responsibility to create opportunities for others.
Recognition and Global Ambition
Almal Real Estate Development has earned notable recognition in a short time. The company won Iconic Design of the Year at the UAE Realty Awards in 2024 for The Unexpected Al Marjan Island Hotel & Residences. Industry observers have praised the project for combining natural elements with contemporary architecture, a hallmark of Almal’s design philosophy.
Starovoitov has made it clear that his ambitions extend beyond the UAE. With projects planned across Asia and the Indian Ocean region, Almal is positioning itself as a luxury real estate brand with global appeal. Each new location is carefully chosen for its potential to attract international travelers and investors, ensuring that every development offers both lifestyle and long-term value.
A Future Built on Vision
Dmitriy Starovoitov’s leadership reflects a strategic balance between precision and creativity. By focusing on prime destinations, exceptional design, and meaningful experiences, he has positioned Almal as a rising force in the world of luxury real estate development. His expansion plans and growing list of international projects suggest that Almal’s influence will continue to grow in the coming years.
For Starovoitov, luxury is not about excess, it is about quality, vision, and creating spaces that inspire. His work has already redefined key parts of the UAE’s property landscape, and his next chapters are set to unfold on a truly global stage.
