Private Island – Baa Atoll, Maldives

Discover a rare opportunity to own your slice of paradise with this stunning uninhabited private island in the heart of Baa Atoll, Maldives. Uniquely shaped like a perfect, delicate jewel, this island has a unique corn shape that sets it apart from other islands in the Maldives. Encircled by crystal-clear turquoise waters and an expansive white sandy beach on one side, this exclusive island promises beauty and seclusion. Ideal for investors looking to develop a world-class luxury resort, this hidden gem presents endless possibilities for a one-of-a-kind retreat.

Island Overview

– Geo Coordinates: 5°16’30.6″N, 73°01’30.5″E
– Land Area: 4.1 hectares (41,000 sqm)
– Beach Perimeter: 725 meters of pristine coastline
– Villa Capacity: Allocated for 60 to 75 free-standing beach 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 (additional cost)
– Ownership Structure: 100% foreign ownership
– Local Sponsorship: Not required

Location and Accessibility

– Distance from Airport: Approximately 130 kilometres from Velana International Airport
–Travel Options:
Seaplane: Direct 30-40 minutes
Domestic Flight: 25 minutes + 20 minutes speedboat ride

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, $328,000 annual rent is to be paid to the Maldivian Government

Investment Highlights

– Sale Price: USD$7,500,000
– Profit Repatriation: Unrestricted, allowing for full flexibility in profit management

Key Facts to Consider:

– Nearby renowned resorts include Anantara Kihavah, The Nautilus, and Four Seasons Landaa Giraavaru.
– 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.