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Automatically translated version. May contain inaccuracies compared to the original.
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🌐 The owner of companies supplying drones to the Armed Forces (SkyFall, “Strym Techno”), Oleksandr Konotopskyi, purchased 26 apartments in a luxury complex in Dubai during the war.
Since the fall of 2023 — the very moment Oleksandr Konotopskyi’s companies entered the market for state defense drone procurement — his name has consistently appeared in the Dubai Land Department registry (DLD) as the owner of at least 30 properties in three premium Emirates locations.
Four of the businessman’s villas have already been written about previously.
However, Konotopskyi also owns another 26 apartments in Dubai! And all this property is located in the Orchard Place towers in the upscale Jumeirah Village Circle near three public parks, 20 minutes from Palm Jumeirah and Dubai Marina, and 15 minutes from Mall of the Emirates. The project’s total capacity: over 1,1 thousand apartments, an office block, and five restaurants.
It was developed by Peak Summit Real Estate Development LLC (registered in the DLD as Developer No. 1476 since September 2022; in recent years the CEO was Sergii Voronovych). The project consists of three phases: Towers A, B, C (phase 1–2) + Towers D, E (phase 3). Sales began on 31 July 2023.
🧩 The purchase of the first 16 Orchard Place apartments in the fall of 2023 coincides with the first deliveries of Vampir UAVs by Strym Techno to the State Special Communications Service — the same contracts that are now the subject of a lawsuit for 499,3 million UAH (case No. 910/16568/25) and the NABU investigation No. 52023000000000600 regarding alleged overpricing of Mavic 3. In other words, Konotopskyi converted illicitly obtained excess profits into investment real estate. The expenditures in question amount to 17,7 million AED.
In total, entire floors were purchased rather than individual apartments: two full floors of Tower B (11 and 12) — that is 18 apartments, delivered in Q3 2026, become liquid assets immediately after handover. This scheme allowed a significant discount when buying the apartments. Another 8 apartments were acquired in 2026. Projected annual rental income — about AED 6,3–7 million (based on JVC market rates AED 65–85 thousand/year for a 1BR). This is the “cash engine” of the real estate portfolio. Currently the market value of this property is 32,3 million AED, which equals 8,8 million dollars. These apartments are planned to be rented out.
Officially, Oleksandr Konotopskyi does not comment on the purchase of either the villas or the apartments in Dubai. Meanwhile, law enforcement agencies have not yet examined the businessman’s assets or the circumstances of moving capital acquired through corrupt drone supply schemes abroad.
To be continued...
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