A place Russia’s billionaires can call home

Aras Agalarov, a wealthy Russian property developer, is building a unique housing estate outside Moscow for Russia’s super-wealthy. Billed as the most exclusive housing estate in Russia, and possibly even the world, Agalarov’s 850-acre estate will contain 150 to 200 mansions, an 18-hole golf course, 14 artificial lakes, waterfalls, a spa and beach resort, an ...

598742_071010_agalarov_05.jpg
598742_071010_agalarov_05.jpg

Aras Agalarov, a wealthy Russian property developer, is building a unique housing estate outside Moscow for Russia's super-wealthy. Billed as the most exclusive housing estate in Russia, and possibly even the world, Agalarov's 850-acre estate will contain 150 to 200 mansions, an 18-hole golf course, 14 artificial lakes, waterfalls, a spa and beach resort, an exclusive private school, and some fancy architecture. Each individual property will be 2,000 square meters and contain a saltwater swimming pool. All for the bargain price of about $20 to $30 million each! ("The people who will live here are of normal social status," Agalarov insists.)

Aras Agalarov, a wealthy Russian property developer, is building a unique housing estate outside Moscow for Russia’s super-wealthy. Billed as the most exclusive housing estate in Russia, and possibly even the world, Agalarov’s 850-acre estate will contain 150 to 200 mansions, an 18-hole golf course, 14 artificial lakes, waterfalls, a spa and beach resort, an exclusive private school, and some fancy architecture. Each individual property will be 2,000 square meters and contain a saltwater swimming pool. All for the bargain price of about $20 to $30 million each! (“The people who will live here are of normal social status,” Agalarov insists.)

Russia boasts 53 billionaires, so there’s definitely a market for the new homes. Wealth alone does not guarantee entry to the exclusive estate, however; potential buyers must not only sign a 30-page document agreeing to adhere to Agalarov’s rules, they must also pass their personal interview with Agalarov himself. One question that Agalarov says he will use to rule out prospective buyers: Do you have a big dog?

Apparently, these McMansions are to be guarded by miniature schnauzers and chihuahuas.

Prerna Mankad is a researcher at Foreign Policy.

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