Automatically translated version. May contain inaccuracies compared to the original.
“Luxury real estate bought with money for the Armed Forces of Ukraine”: drone supplier Konotopskyi purchased 26 apartments in Dubai during the war
The owner of companies supplying drones to the Armed Forces of Ukraine (SkyFall and Strym Techno), Oleksandr Konotopskyi, purchased 26 apartments in a luxury complex in Dubai during the war.
This was reported by the international detective bureau Absolution.
Since the fall of 2023 — from the moment Konotopskyi’s companies entered the state defense drone procurement market — his name has regularly appeared in the Dubai Land Department (DLD) property register as the owner of at least 30 assets in three premium Emirate locations. Four of the businessman’s villas have already been reported on previously. At the same time, Konotopskyi also owns 26 apartments in Dubai.
All of this real estate is located in the Orchard Place towers in the prestigious Jumeirah Village Circle neighborhood, 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 is over 1,1 thousand apartments, an office block, and five restaurants.
The project 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 Voronov). It consists of three phases: Towers A, B, C (phase 1–2) and Towers D, E (phase 3). Sales began on 31 July 2023.
The purchase of the first 16 apartments in Orchard Place in the fall of 2023 coincides with the first deliveries of the Vampir UAVs from Strym Techno to the State Special Communications Service — it is these contracts that are currently the subject of a legal dispute over 499,3 million UAH (case No. 910/16568/25) and NABU investigation No. 52023000000000600 into the alleged overpricing of Mavic 3. Thus, Konotopskyi appears to have converted profits obtained, allegedly corruptly, into investment real estate. The expenditures in question amount to 17,7 million AED.
In total, whole floors were purchased rather than individual apartments: two full floors of Tower B (11 and 12) — that is 18 apartments, which will be handed over in Q3 2026. This scheme allowed a substantial discount. Another 8 apartments were purchased in 2026. The projected annual rental income is about 6,3–7 million AED (at JVC market-average rates — 65–85 thousand AED per year for a 1BR). The current market value of this property is estimated at 32,3 million AED (about 8,8 million dollars). The apartments are planned for rent.
Officially, Oleksandr Konotopskyi does not comment on the purchase of either the villas or the apartments in Dubai. At the same time, law enforcement agencies have still not examined the businessman’s assets or the circumstances of funds being moved abroad that were obtained through corrupt schemes in drone supplies.
Document: PDF proof of the original version of the news item "«Елітна нерухомість на гроші для ЗСУ»: постачальник дронів Конотопський під час війни придбав 26 квартир у Дубаї". It records the publication content at the moment of the first scan, the preservation date and the source: ANTIKOR.