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Patina Maldives, Fari Islands to open on May 18

The flagship property of Patina Hotels and Resorts, Patina Maldives, Fari Islands is scheduled to open on May 18, 2021. The property is located on the Fari Islands archipelago in North Malé Atoll of the Maldives and is a 45-minute speedboat ride from Malé International Airport. The resort will offer 90 contemporary one- to three-bedroom Beach and Water Pool Villas, alongside 20 Fari Studios …

Housing Minister reveals size of Gulhifalhu land plots

Housing Minister Mohamed Aslam has stated that the size of the 1,200 land plots issued from reclaimed lagoon, GulhiFalhu will be small in size. Answering reporters’ questions at a press conference held at the President’s Office on Wednesday, Minister Aslam said the land area of the plots issued from Gulhifalhu would be 600 sqft. Noting that Gulhifalhu is a venue to develop a commercial …

Monthly rent of Hiyaa flats will be MVR 7,500: Housing...

Housing Minister Mohamed Aslam has stated that the recipients of the social housing flats under the ‘Hiyaa’ project have the option to pay the down payment for their units over several years. Speaking at a press conference held at the President’s Office on Wednesday, Aslam said those who have difficulty in paying the down payment can still move into their apartments when the apartments …

Maldives real estate – how to buy, is it a good invest...

It may seem like the ultimate isolation destination for now but with the threat posed by climate change is a desert island retreat in the Arabian Sea wise investment? With all that is going on in the world right now, we will not blame you for wanting to escape to a deserted island and be away from it all. There are more than a …

Hiyaa flats to be handed over this month

Spokesperson of the President’s Office, Mabrook Azeez has stated that the recipients of flats under the ‘Hiyaa’ housing scheme will receive the keys to their units during April. Speaking at a virtual press conference held by the President’s Office on Wednesday, Mabrook said the final preparations are ongoing to hand over the keys of the units to its recipients. Highlighting that President Ibrahim Mohamed …

Lh. Kanuhuraa Resort has a new owner

Kanuhura Resort, one among the many luxury hideaways in Maldives, has a new owner. The tourist resort is an operational property under Sun Limited Company of Mauritius. Kanuhuraa was opened in 2007 after the Masleggi Huraa and Jehunu Huraa were connected. The resort was previously run under the One & Only resort brand as well. Kanuhura Resort located in the northern Lhaviyani Atoll offers …

Morteza Hospitality Bonds mandates Bedford Row Capital...

Bedford Row Capital (BRC), a global non-bank structuring specialist, has been mandated to work with hospitality and leisure investments specialist, Morteza Hospitality Bonds PLC, for a listed bond offering of USD38.5million. The bond will be listed on the Frankfurt Stock Exchange maturing 2024. The bond will finance the development of an environmentally friendly, state of the art, branded, family-oriented, upper midscale resort in the …

Italy’s Giancarlo Zema Design Group, EHang looking to ...

Italian architecture firm Giancarlo Zema Design Group (GZDG) and world’s leading autonomous aerial vehicle company EHang, who are building their first eco-sustainable vertiport in Italy, have expressed interest in replicating their designs in Maldives, pending approval from government authorities. According to Vittorio Coco, the sole agent for GZDG in Maldives and Sri Lanka, who is based in AA. Rasdhoo, both GZDG and EHang are …

Sun, Sand, Sea and City

HDC proposes development of a tourism island. Hulhumale From the blue waters across the coast of Male’ rose a city like nothing we’ve ever seen before. A city that brought hope, and a promise of a bright future. The city of Hulhumale’ was the answer to enable urban expansion and to bring some relief to the overcrowded city of Male’, which had already become …

Foreigners allowed involvement in guesthouse operation...

Tourism Ministry has revised the regulation on tourist guesthouse operations in Maldives to allow for foreign nationals to be involved in the business. The regulation previously limited issuance of permits for guesthouse operations to Maldivian nationals, partnerships that do not involve foreign nationals established under the Partnership Act, and companies established under Companies Act. The revision published on the Government Gazette this Tuesday expands …

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