Private Island – Gaafu Alifu Atoll, Maldives

Nestled in the serene waters of Gaafu Alifu Atoll, this expansive oval-shaped island offers an unparalleled opportunity for luxury resort development. Spanning over 6.23 hectares and 20 hectares of lagoon, the island boasts a generous 1.2-kilometer beach perimeter, featuring soft white sands that stretch along the tranquil turquoise waters. With the capacity to build 100 to 120 spacious, free-standing beach villas, the island provides the perfect canvas for an ultra-luxury retreat.

– Geo Coordinates: 0°52’21.4″N, 73°14’39.9″E
– Total Available Area: 26.2 hectares (6.23 hectares of land and 20 hectares of surrounding lagoon)
– Beach Perimeter: 725 meters
– Villa Capacity: Allocated for 100 to 120 free-standing beach villas and 20 to 30 overwater villas
– Development Potential: Existing regulations permit up to 3-storey land villas, with development allowed on up to 50% of the land

Ownership and Lease Terms

– Lease Terms: 50-year lease extendable up to 99 years (For an additional cost)
– Ownership Structure: 100% foreign ownership
–  Local Sponsorship: Not required

Location and Accessibility

– Distance from Airport: Approximately 366 kilometres from Velana International Airport
– Travel Options: 55 Minutes from the International Airport followed by a swift 20-minute Speedboat ride. You can also travel directly to the atoll airports via your Private Jet. 

Regulations and Permissions

– Government Endorsement: Supported by all relevant regulatory bodies, including the Ministry of Tourism for leasehold rights transfer

– Construction Grace Period: Rent-free grace period of up to 4 years during construction; after which, $520,000 annual rent is to be paid to the Maldivian Government

Investment Highlights

– Sale Price: US$ 5,500,000
– Profit Repatriation: Unrestricted, allowing for full flexibility in profit management

Key Facts to Consider:

– Nearby renowned resorts include The Residence, Raffles Maldives, and Mercure Kooddoo Resort.
– Currently, 175 luxury resorts are in operation across the Maldives.
– Over 120 new properties are under development, with 60% expected to open within the next three years.
– Visitors typically stay an average of 8 to 10 days.
– Visitor spending ranges from $500 to $15,000 per stay, catering to various budgets.
– Occupancy rates average 60%, climbing to over 90% during peak seasons.