The luxury apartment is housed in the Le Renzo building in Mareterra’, the newest and most exclusive seaside area of Monaco’, attracting ultra-rich buyers from around the world since its opening in late 2024.
According to Bloomberg’, which reported the sale for the first time, the five-storey apartment has 21 rooms and spans an area of about 2,500 square meters. It includes a private swimming pool, jacuzzi and at least eight parking spaces.
The deal was completed in 2024, based on Monaco property records and documents, including emails and preliminary deeds reviewed by Bloomberg.
Akhmetov’'s holding company System Capital Management (SCM) confirmed the acquisition but declined to provide details on the specific property or price.
The company quoted from Bloomberg ’ said: “SCM’'s international investment portfolio includes an independent portfolio of premium real estate for over a decade, as has been announced to the public many times.”
“Assets include the ‘Le Renzo’ project, in which we invested in the primary market in 2021.”
The timing of the purchase agreement points to the Russian ’'s full-scale invasion of Ukraine ’ in 2022’.
Based on the reported value of €471 million, this transaction corresponds to the most expensive home sale ever recorded, surpassing other high-profile deals such as British businessman Nick Candy ’'s London mansion, which was sold for a reported £275 million (€317 million) in the Chelsea area of ’.
According to the Bloomberg Billionaires Index ’, Akhmetov’'s estimated net worth is estimated at more than $7 billion (€6 billion). He made his fortune through SCM, the largest industrial conglomerate in ’, Ukraine, which operates in the fields of steel, mining, energy and real estate.
Mareterra quickly became one of the most expensive addresses in the world.
Property prices here reportedly exceed 100,000 Euro’ per square meter, with rental rates reaching 150,000 Euro’ per month.
Monaco remains the world's most expensive residential real estate market, with average prices per square meter of 2024-25’te reaching around 52,000 Euro’, according to Savills research.
The principality market is backed by the “kronic lack of supply and extremely limited land availability, while continued demand from global high net worth buyers continues to support prices at record levels despite broader economic uncertainty, the real estate agent said.
