×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Gold Decor a Key Element for High-End Rentals

Lavish lavatory trimmings, especially gold, help increase rental prices.

Renters of high-end apartments can now chose from offerings on a newly published list of the highest-priced properties in the city, though it might be necessary to win the lottery first to finance such a glamorous life among gold vases and Greek columns.

Bazanda.ru, a portal that specializes in upscale Moscow rentals, released a list of the five most expensive yet "reasonably priced" apartments in the city. The top choices range in size from 156 to 270 square meters and cost between $20,000 and $30,000 per month.  

Despite their hefty price tags, such apartments could find tenants within six months, said Alina Khisamova, broker at Penny Lane Realty.

"It all depends on the status and image of the client," Khisamova said. "The client could have such an image that would not allow him to rent anything less."

The apartments were selected based on how well their price corresponds to the quality of the offer, said Marina Shekera, head of Bazanda.ru. There are higher-priced apartments in the city — one has an asking price of $82,629 per month — but they were not included on the list because they were considered overpriced.

Elite apartments in Moscow are mostly found in the areas near Ulitsa Ostozhenka, dubbed Moscow's Golden Mile, the city center and around the Moskva-City business district.

The most expensive apartment on the list is an 18th-century-style three-room apartment in the aptly named Respect residential complex, near Pushkinskaya metro station.

"The expensive apartment interior [decorations] and exclusive furniture, combined with antique furnishings, leave a lasting impression," the ad for it reads.

The list also includes an apartment near Park Kultury metro station that features framed paintings of golden goblets on the walls, an apartment near Belorusskaya metro with a gold-themed bathroom and one whose foyer looks like it could lead to the office of a top Kremlin official.

These decor choices are an added bonus, however. Clients value other considerations more, such as whether the apartment has not been rented out before, is close to transportation routes, is newly furnished and has a functional floor plan with multiple bathrooms, Khisamova said.  

The owners of these high-end properties typically undertake major interior redesigns of their apartments — modern and classical styles are preferred — to entice potential clients.

Some apartments are rented out with little or no furniture. Clients for such properties are mostly foreign top managers whose companies pay for their Moscow lodgings and ship their furniture from abroad.

For those who don't have prime real estate to offer, Khisamova said, the rental value of any apartment can be increased by a modern renovation and provision of all the necessary appliances. The condition of furniture is also important.

"Even Ikea furniture will do. The most important thing is that it is new," Khisamova said.

Contact the author at e.smirnova@imedia.ru

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more