History of Forum Group
The holding company Forum Group was founded in Russia in 2000. In 2015, the developer entered the UAE market and launched a major project to construct the luxury residential complex XXII Carat Villas. In July 2021, the Dubai Land Department recorded the sale of one of the villas in this community, recognizing it as the most expensive sale in six years.
Forum Group is a company with Russian roots. The developer's headquarters are located in Yekaterinburg, with another office in Dubai. The company has completed over 10 projects in Russia, primarily in its native Ural city. The gated community on Palm Jumeirah, XXII Carat Villas, is the first residential complex built by the company abroad. This project brought the company recognition and acclaim in the developer market.
Reliability of Forum Group
All projects launched by the company in Russia and abroad have been delivered on time. The real estate developed by the holding company meets international standards of reliability and safety. Moreover, Forum Group's portfolio includes deals of truly impressive scale. Two villas in XXII Carat Villas made it to the top three most expensive sales of 2021 and the top five in the entire history of the emirate's development.
According to statistics, Forum Group's real estate generates a minimum of 5% annual return on investment. The developer carefully selects construction sites, monitors every stage of work, and strives to maintain an impeccable reputation. The company is trusted by both private investors and large corporations. Information from open sources indicates the substantial size of the company's portfolio, with its assets totaling at least 652.7 million euros as of the end of 2019.
Popular Projects of Forum Group
XXII Carat Villas is the most renowned complex built by the developer. Millions of dollars have been invested to make this community one of the most prestigious in the UAE and worldwide. In 2020, it was possible to purchase a villa in this elite gated community starting from AED 38,500,000 (USD 10,481,300). In 2021, a buyer was found for the most expensive residence in the project. The transaction was registered in the Land Department's registry with a price of $32.5 million (AED 119.5 million), setting an absolute record for the year.
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