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About the complex
Stunning
design
103 residences
300 m to the beach
SPA and restaurant
Swimming pool
16.03.2026: THE HEIGHTS OBTAINS PBG — KEY CONSTRUCTION PERMIT
The THE HEIGHTS project in Bali has officially obtained PBG (Persetujuan Bangunan Gedung), the key construction permit in Indonesia.
This document confirms that the architecture, structural solutions, and legal framework fully comply with local regulations, and that construction is carried out within a legal framework.
Obtaining PBG marks a critical milestone: all core approvals are secured, and regulatory risks are significantly reduced.
FOR INVESTORS
For investors, this means reduced legal risks and a more secure project stage. PBG is one of the key factors in investment decision-making in the Bali market.
This document confirms that the architecture, structural solutions, and legal framework fully comply with local regulations, and that construction is carried out within a legal framework.
Obtaining PBG marks a critical milestone: all core approvals are secured, and regulatory risks are significantly reduced.
FOR INVESTORS
For investors, this means reduced legal risks and a more secure project stage. PBG is one of the key factors in investment decision-making in the Bali market.
THE HEIGHTS
The founders talk about the project
THE HEIGHTS is a new resort property complex in Bali by Alexey Kapitanov and Julia Khludneva. The project is managed by a hotel operator and is an option for investment with a yield of 10-16% or own residence.
Alexey Kapitanov is a Moscow developer, the author of the most striking public spaces that changed the image of Moscow: Khlebozavod № 9, Krasnaya Strela, Supermetal, Bereg Yauza.
Yulia Khludneva is a Sochi-based developer, entrepreneur and owner of NEDVEX GROUP. Her projects Line, Volna Residences, Volna resort, Monet provide high profitability for every investor.
Urban Awards experts recognised Volna Residences complex by Nedvex Development as the best investment option. Since the beginning of the year, the price per square metre at this address has risen by more than 20%
Alexey Kapitanov is a Moscow developer, the author of the most striking public spaces that changed the image of Moscow: Khlebozavod № 9, Krasnaya Strela, Supermetal, Bereg Yauza.
Yulia Khludneva is a Sochi-based developer, entrepreneur and owner of NEDVEX GROUP. Her projects Line, Volna Residences, Volna resort, Monet provide high profitability for every investor.
Urban Awards experts recognised Volna Residences complex by Nedvex Development as the best investment option. Since the beginning of the year, the price per square metre at this address has risen by more than 20%
Invest in resort properties in Bali and get 10-16% returns. We will provide guest service and manage your property!
Don't worry - only the mock-up will disappear.
We promise that the real grove will stay in place!
We promise that the real grove will stay in place!
Въезд
Viewing platform
Restaurant
Spa complex
Reception desk
Work and relaxation area
Swimming pool and event space
Guest car park
Residential complex with residences
Residential complex with residences
We have prepared materials for you with comparative analyses of popular investment destinations: Turkey, the UAE, Thailand and Bali.
They contain data on tourist flow, hotel occupancy rates, taxes and detailed payback calculations.
Request a callback to get the information you need
They contain data on tourist flow, hotel occupancy rates, taxes and detailed payback calculations.
Request a callback to get the information you need
Why is it profitable
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Residences
A new look
on a familiar property format
We have used our experience in creating residential projects and public spaces to create a unique ergonomic environment with residences.
Each residence has private areas and access to public spaces, on-site services.
All residences are unique: spacious spaces with private patios, duplex lots with balcony and luxurious two-bedroom penthouses.
Each residence has private areas and access to public spaces, on-site services.
All residences are unique: spacious spaces with private patios, duplex lots with balcony and luxurious two-bedroom penthouses.
Construction progress
VIDEO DIGEST 28.07.2025
Meet the developers of THE HEIGHTS and the completed properties that are already generating returns for investors:
Hotel MONE
Review of a working boutique hotel in Sochi:
investment resort property
investment resort property
Supermetall
A completed redevelopment project in Moscow:
commercial and office property
commercial and office property
Yauza shore
Residential complex on the embankment
Residential complex on the embankment
Supermetal
Business Park and event space
Business Park and event space
Krasnaya Strela
Residential complex, a unique redevelopment complex
Residential complex, a unique redevelopment complex
Khlebozavod 9
Public space and iconic site
Public space and iconic site
Alexey
Kapitanov
Moscow developer, author of the most outstanding public spaces, partner of THE HEIGTHS project
Alexey's interview
about shaping new spaces
about shaping new spaces
MONE
4* business class hotel in the center of the resort town
4* business class hotel in the center of the resort town
Volna Resort
A 4* hotel with 7 hectares of land managed by an international hotel operator
A 4* hotel with 7 hectares of land managed by an international hotel operator
Volna Residences
Premium residences with private area
Premium residences with private area
Line
Lifestyle hotel for long term stays in the resort area
Lifestyle hotel for long term stays in the resort area
Yulia
Khludneva
Sochi developer, entrepreneur, owner of NEDVEX GROUP, partner of THE HEIGTHS project
Interview with Yulia
about development in Sochi
about development in Sochi
Sales office in Bali
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