Ian Malouf launches Gold Coast hotel, unit development spree

Not content with his yacht broking business, Dial-a-Dump founder and rich lister Ian Malouf is gearing up to launch several apartments and hotels in Queensland.

The REMI Residences are one of the only fully completed towers in a hot Gold Coast luxury high-end apartment market.

Not content with his yacht broking business, Dial a Dump founder and rich lister Ian Malouf is gearing up to launch several apartment and hotel developments on Queensland’s Gold Coast.

The former garbo turned yacht broker and now property developer, recently valued by The List: Richest 250 at $1.13bn, is about to launch the first of several residential property ventures on the Gold Coast, as he takes the wraps off his just completed $265m luxury apartment project at Broadbeach.

REMI Developments, a Malouf family company led by Mr Malouf and developer Peter Wilding, is set to unveil the 30-level, 49-residence tower located on Surf Parade, Broadbeach, next week.

Fronting 122 Surf Parade the REMI Residences are one of the only fully completed towers in a hot Gold Coast luxury high-end apartment market which is constrained by high demand and a lack of supply.

REMI residences, Broadbeach.

Gold Coast rents are presently topping out at $1100 a week for a two-bedroom apartment.

“If you had told me years ago that I would be building something on the Gold Coast, I

would have considered it a no-go, but now I love the space,” Mr Malouf said in a statement this week.

The push for the Sydney-based Mr Malouf into Queensland is also supported by his wife Larissa who recalls the fun family holidays they’ve had on the Gold Coast.

“In recent years the market has changed,” Mr Malouf said. “We’ve observed a significant maturing of the Gold Coast. Whether buyers are seeking to upsize or downsize, the increasing interest in purchasing property on the Gold Coast makes it the perfect location for us to introduce REMI Residences,” he said.

Under the banner of REMI Residences, the aim is to deliver a number of new

apartment projects over the next few years. Mr Malouf has recently purchased another

site at Mermaid Beach for a proposed hotel and residential venture which he expects

to launch next year.

The Gold Coast has nostalgic value for Ian and Larissa Malouf. Picture: Supplied

REMI Residences, which is being marketed by the Family Office and Julian

Sutherland of Sutherland Group, will offer buyers the opportunity to experience the property first-hand – a rarity in the real estate market given the majority of properties are sold off the plan.

“This distinction underscores REMI Development’s commitment to quality and

defect-free completions”, said Mr Wilding.

REMI Residences are ready for immediate occupancy, inviting homeowners to embrace

a coastal lifestyle filled with state of the art resort-style amenities and luxury interiors

in Broadbeach.

“When we don’t pre-sell a building, clients have the chance to see exactly what

they’re getting,” said Mr Malouf.

“We’ve constructed as owners, for owners, and with

REMI Residences, I am confident that we have truly achieved excellence that will

stand the test of time for our new buyers”.

Mr Wilding said the Gold Coast luxury beachside apartment market remains very strong and there isn’t the quality product around to meet the high demand that exists.

Located near Star Casino, central Broadbeach and Pacific Fair, REMI Residences sports 49 units, in either two, three, or four-bedroom apartments, plus a three-storey six-bedroom penthouse with a private swimming pool and a rooftop Padel Ball Court.

Prices start at $2.5m rising to $27.5m for the penthouse.

“The Gold Coast holds nostalgic significance for me, which initially attracted us to the

location. Moreover, the efficient approval process here reduces project costs and

timelines significantly,” Mr Malouf said.

One of Mr Malouf’s most notable endeavours includes founding the Dial-a-Dump business which was purchased by Bingo Industries in 2018 for $578m in cash and shares. Three years later a $2.3bn takeover by Macquarie Infrastructure and Real Assets has made Mr Malouf wealthier.

Mr Malouf is also the founder of Ahoy Club, a digital platform that

simplifies yacht chartering. In 2023, Ahoy Club announced a merger with Ray White

Marine, increasing its market share in Australia and New Zealand.

Mr Malouf is also exploring investments in medical longevity particularly stem cells.