About M.A.D. Investment Solutions

The M.A.D. Investment Solutions team is all about making the most out of the changes currently taking place in Mongolia. We are dedicated to making a difference to the development of Mongolia’s business environment by promoting responsible real estate investments.

The M.A.D. Investment Solutions team is all about making sense of the changes currently taking place in Mongolia as it transitions from a centrally planned economy to a fully fledged market economy that possess some of the greatest untapped mineral wealth in the world. M.A.D. Investment Solutions is a boutique real estate investment and research firm based and operating in Ulaanbaatar.

We focus on added-value investments on all types of Real Estate asset classes both within Ulaanbaatar as well as in Mongolia’s high-growth cities. We provide tailor-made  investment solutions for our investors to make the most of this dynamic market. M.A.D. Investment Solutions provides a range of turn-key real estate services dedicated to accompanying our investors through each step of the investment process. This includes research, due diligence, valuations, transaction assistance, interior design, renovation, property management and tenancy management.

M.A.D. Services Brochure



Furthermore, we are one of the only companies on the market to have a dedicated professional research team that provides up-to-date market critical information and analysis to all our clients. M.A.D. was established in 2009 as a full service real estate research and investment firm to cater to institutional investors investing in a range of real estate assets throughout Mongolia. Today M.A.D. has 42 employees divided into 4 teams (Research, Real Estate, Interior Design, Renovation) and is the only firm accredited by the Royal Institution of Chartered Surveyors in Mongolia. M.A.D. is employed as expert consultants on donor funded projects such as the ADB, World Bank or The Asia Foundation. M.A.D. furthermore maintains its own portfolio of properties in the heart of Ulaanbaatar used as serviced apartments.

M.A.D. Websites

Please visit the range of websites owned by M.A.D. to gather a better understanding of the range of operations carried out by the firm .

 Consulting & Research

 Consulting & Research

With over a decade of experience in the market as well as our professional status as Chartered Surveyors and international consultants, we bring this knowledge to the benefit of our clients.

 Property Report

 Property Report

The M.A.D. landmark property report is the most comprehensive, reliable and unbiased source of information and analysis on the Mongolian Real Estate market. Available for free download.

Serviced Apartments

Serviced Apartments

M.A.D. manages a fleet of confortable, centrally located and fully furnished and equipped serviced apartments in the heart of Ulaanbaatar. Rentals start from 1 week to multiple months.


Mongolian News

One of the best english language news sources on everything relating to Mongolia’s business, property and political environment. Updated every day with the latest stories and analysis.

 Real Estate Brokerage

Real Estate Brokerage

M.A.D. specialises in the brokerage of the older soviet apartments within the city centre of Ulaanbaatar only as we believe they provide the best long term value and return for our clients.

 Video Production

Video Productions

M.A.D. has produced a series of insightful and thought provoking videos about the Mongolian environment and today places that key expertise to the service of its clients.

The M.A.D. Executive Team

With a dedicated team of property professionals with decade of experience both in Mongolia as well as some of the world’s most competitive markets. We pride ourselves on the quality of our services with our unique approach to customer care, market expertise and value creation.

Christopher de Gruben, MRICS

Christopher de Gruben

Chris is the Managing Partner of M.A.D. He is a Chartered Valuation Surveyor (MRICS) and a Fellow of the Royal Geographical Society (FRGS). Chris has been working in Mongolia for the past 10 years, exclusively in its real estate sector. He has a real passion and understanding of the fundamentals surrounding transitioning economies and their potential for long-term growth creation. He specialises in value driven investments, property management, sales & marketing, urban planning, market research and land / property valuations. Chris has a Postgraduate Diploma in Global Business from the Said Business School, an MSc from the University of Reading in Real Estate and is currently an candidate on the MSc of Sustainable Urban Development at the University of Oxford.

Joachim Bertot

Joachim Bertot

Joachim is a Senior Partner in M.A.D. and is in charge of sourcing, packaging, implementing and overseeing all of the investments managed by M.A.D. as well as sourcing the next field of opportunities for our clients. Joachim has been in Mongolia for 13 years where he has worked for a number of industries (including as a web-designer and communication specialist) and eventually co-founded M.A.D. with Chris and Uyanga. Joachim places his incredible analytical mind to the service of our clients and has become a specialist at modeling and creating simple yet efficient structures to maximise ROI’s. Joachim is furthermore a French Foreign Trade Advisor, sits on the board of the French Mongolian Chamber of Commerce and Industry as well as the French school of Ulaanbaatar.

Uyanga Tsoggerel

Uyanga Tsoggerel

Uyanga is a Senior Partner in M.A.D. and is today in charge of all of its operations. She has had a brilliant career in the Mongolian Administration before moving on to the private sector and co-founding M.A.D. She benefits from a wide and influential network, is a legal and procedural specialist in addition to being a gifted operations manager. Most importantly in a country like Mongolia, she has an innate ability to get things done. She manages all on-the-ground operations and often sources the best investments opportunities for our investors. Finally she is in charge of all interior design and renovation work for all M.A.D. projects with a number landmark projects completed. Uyanga was educated in Russia and speaks fluent Russian, English and Mongolian.

Our Clients

We are proud to count amongst our clients some of the most established international and Mongolian companies, institutions, development agencies and embassies. Our client profile is extremely diverse but all seek the same level of professionalism and service. We pride ourselves on often exceeding the expectations of our clients and are always on the lookout for new opportunities to develop lasting relationships with new clients.

Government of MongoliaThe Asia Foundation in MongoliaJLL in MongoliaOyu TolgoiENGIE GDF
United Nation in MongoliaU.S. Agency for International Development in MongoliaCushman & WakefieldRio TintoSchneider Electric
World Bank in MongoliaSwiss Development and Cooperation in MongoliaCBREArevaOxford Business Group
Asian Development Bank in MongoliaMillennium Challenge Corporation in MongoliaKnight FrankTrafiguraBodi Group
European Bank for Reconstruction and Development in MongoliaThe State Housing Corporation of MongoliaKPMGXanadu MinesMongolian Growth Group
German GIZ in MongoliaOSCEHSBCRed Flag GroupUMC

Latest Corporate News

Please find below the latest news directly relating to M.A.D. Investment Solutions and its corporate operations in Mongolia. This includes news of our latest services, products, new hires and development that takes place within the company.

Contact Us

Please contact us by email, phone or directly in our Ulaanbaatar offices if you have any questions about our products and services. We are also happy to answer questions about the Mongolian Real Estate and business environment (within reason of course).

Regulated by RICS