Oligarchs Assets

Aras Agalarov Assets : From Malls to Estates and Beyond 2023

Overview of Aras Agalarov

Aras Agalarov, an Azerbaijani-Russian billionaire real estate developer, has diversified his wealth through various ventures. Notably, he has played a key role in shaping luxury retail centers and prestigious trade fairs. Among these, the Crocus City Mall stands out as Moscow’s largest shopping destination.

His influence extends to the construction sector, where he spearheaded the development of Russia’s largest trade fair and contributed to residential and commercial complexes so called Aras Agalarov Assets. The Manhattan Mixed-Use Residential-Commercial Complex, showcasing luxury accommodations and retail spaces, is a testament to his impactful ventures.

In addition to these, Agalarov has created an exclusive haven for billionaires outside Moscow, the Agalarov Estate. This opulent retreat boasts an 18-hole golf course, a golf club, three restaurants, a beach club, a luxury hotel, a fitness center, a spa, and even a school.

Aras Agalarov’s personal life includes his marriage to Irina Agalarova, and they have two children, including the accomplished businessman and singer-songwriter Emin Agalarov.

While Agalarov has faced controversy, notably in a scandal involving U.S. election meddling and public support for Putin’s presidency, he continues to be a prominent and influential figure in the business world. Despite the political intricacies, his impact on the real estate industry remains significant.

The Diverse Portfolio of Aras Agalarov Assets

Real Estate Ventures

Crocus City Mall

Aras Agalarov, a prominent Azerbaijani-Russian billionaire real estate developer, is widely recognized for his substantial contributions to Moscow’s urban landscape. Notably, he played a pivotal role in the creation of the Crocus City Mall, the capital’s largest shopping center, situated in Krasnogorsk, a western suburb, and inaugurated in 2002. Crafted from natural stone and blending neo-classical and oriental architectural styles, the mall hosts an array of high-end retailers, including renowned brands like Armani, Calvin Klein, and Bally.

Furthermore, Agalarov’s enterprise, Crocus Group, extended its impact with the development of the adjacent Crocus Expo. This expansive venue stands as Russia’s premier trade fair and business center, showcasing Agalarov’s commitment to shaping not only luxury retail spaces but also influential business hubs.

Crocus City Mall
Crocus City Mall

Far Eastern Federal University

Far Eastern Federal University, situated in Vladivostok, Primorsky Krai, Russia, has a rich history dating back to 1899. Originally established as the Eastern Institute during the Russian Empire era, it focused on oriental studies and civil service training under a special order from Tsar Nicholas II.

In 2008, a presidential decree prompted a reformation, officially renaming the institution Far Eastern Federal University and outlining plans for a purpose-built campus. This transformation involved the merger with Far Eastern State Technical University (FESTU), Pacific State University of Economics (TSUE), and the Ussuriisk State Pedagogical Institute (USPI).

Notably, in 2013, FEFU inaugurated a state-of-the-art campus on Russky Island, Vladivostok, following its role as the venue for the 2012 APEC summit. This campus, designed for FEFU’s 41,000 students, also plays host to the annual Eastern Economic Forum.

It’s worth mentioning that Aras Agalarov’s company, Crocus International, played a significant role in the construction of this new campus.

Residential and Commercial Complexes

Aras Agalarov’s company, Crocus International, spearheaded the creation of the Manhattan Mixed-Use Residential-Commercial Complex. This venture comprises 14 towers dedicated to luxurious living and incorporates retail-commercial spaces. Crafted with a commitment to high-end living, the complex prioritizes top-tier amenities for its residents. Although precise information about the project’s location and features remains elusive in the search results, it undeniably stands as a testament to Aras Agalarov’s diverse real estate portfolio.

Agalarov Estate

Private Gated Community

Aras Agalarov’s company, Crocus International, spearheaded the creation of the Manhattan Mixed-Use Residential-Commercial Complex. This venture comprises 14 towers dedicated to luxurious living and incorporates retail-commercial spaces. Crafted with a commitment to high-end living, the complex prioritizes top-tier amenities for its residents. Although precise information about the project’s location and features remains elusive in the search results, it undeniably stands as a testament to Aras Agalarov’s diverse real estate portfolio.

Facilities and Amenities

18-hole Golf Course and Club

The Agalarov Estate boasts an impressive 18-hole golf course, stretching 6,492 meters with a par of 71. Crafted by American architect Cal Olson, the course is adorned with pine-lined parkland fairways and captivating water features—meandering streams, ponds, and waterfalls—creating a scenic and challenging playing environment. The golf club within the estate ensures top-notch playing surfaces and customer service, delivering a premium experience for golf enthusiasts.

18-hole Golf Course and Club
18-hole Golf Course and Club

Notably, the club houses a golf academy with a range, serving as the official Russian Olympic training facility. In addition, the gated community includes a clubhouse equipped with a classroom for instructional golf simulators and a gym with multiple stations, elevating the overall golfing experience for residents.

In summary, the Agalarov Golf & Country Club stands as a premier haven for golfers, nestled amidst the enchanting natural landscapes of the estate.

Restaurants, Beach Club, and Hotels

Discover luxury at Aras Agalarov’s Agalarov Estate, boasting a boutique hotel and spa with 41 exclusive apartments, a SPA complex, an indoor swimming pool, jacuzzi, and hamam. Enjoy panoramic views of the serene lake and the exquisite golf course, a true gem within the estate.

Indulge in European and Azerbaijani cuisine at the Italian restaurant, or unwind at the lobby bar with a diverse selection of drinks and snacks. A stylish and roomy terrace complements the restaurant’s promise of an exquisite dining experience. The estate also features a top-tier golf club, complete with exceptional playing surfaces, outstanding customer service, a clubhouse, and a golf academy—the official Russian Olympic training facility.

Agalarov's Agalarov Estate

Fitness Center, Spa, and School

Aras Agalarov’s Agalarov Estate boasts a range of top-notch facilities and amenities catering to its residents, including:

Fitness Center: The estate features Crocus Fitness, an expansive 5,000-square-foot luxury gym. This fitness haven comprises three indoor tennis courts, three outdoor courts, a boxing ring, as well as a selection of weight machines and cardiovascular equipment.

Spa: Indulge in luxury at the estate’s spa complex, complete with an indoor pool, a hot tub, and a hammam. With nine spa rooms offering facial and body treatments, a variety of massages, and rejuvenating experiences like Thai herbal steam and aromatic baths, residents can enjoy a pampering escape.

School: For the education of residents’ children, the Agalarov Estate hosts its own school, ensuring convenience and quality education within the community.

These world-class facilities not only establish the Agalarov Estate as a prestigious and high-security haven but also exemplify its commitment to providing residents with a comprehensive array of services and amenities.

Adding new information regularly….

Alexander Harris

Alexander Harris began his career as a journalist. He is one of the founders of the " Russian Oligarchs Tracker Unit ".

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