What To Know
- All indications point to the UAE taking command of real estate sales within the Maldives over the next few years according to Hotel and Resorts Investment Maldives Pvt Ltd (HARIM) Chairman Mohamed Ali Janah.
- The Maldives real estate scene is undergoing significant change through luxurious property developments of Samana Developers and FAM Holding PSC Group’s Al Mahra Maldives Resort which joined forces with Elie Saab.
- The luxury tourist destination Maldives experiences a substantial market evolution from tourism to second-home opportunities because of more than $3 billion in UAE investments until 2030.
The luxury tourist destination Maldives experiences a substantial market evolution from tourism to second-home opportunities because of more than $3 billion in UAE investments until 2030. The transformation occurs because of recent property ownership rules and infrastructure growth and the expanding desire for high-end residential islands.
Through its investment programs UAE plays an essential role in driving the real estate market expansion throughout the Maldives.
The development of the Maldives real estate market is led by United Arab Emirates developers especially Dubai-based companies which direct multi-billion-dollar projects. All indications point to the UAE taking command of real estate sales within the Maldives over the next few years according to Hotel and Resorts Investment Maldives Pvt Ltd (HARIM) Chairman Mohamed Ali Janah.
The Maldives real estate scene is undergoing significant change through luxurious property developments of Samana Developers and FAM Holding PSC Group’s Al Mahra Maldives Resort which joined forces with Elie Saab. These projects provide top-range beachfront villas and overwater bungalows plus private islands to meet the needs of wealthy individuals buying second residences.
Why Investors Are Eyeing the Maldives Now
The surge in investment in the Maldives exists due to these multiple key factors.
Legislative framework modifications now provide the option for people to acquire individual villa holdings instead of taking possession of complete resorts.
During the COVID-19 period the Maldives maintained operational status which drew worldwide investors thus strengthening investor confidence within the market.
The Velana International Airport receives support from an $80 million investment by the Abu Dhabi Fund for Development to elevate tourist capacity from 2.4 million to 4 million annually.
The United Arab Emirates has become the main trading relationship of the Maldives as both countries work to enhance their political relationships while strengthening their economic alignment.
The Future of Maldives Real Estate
Climate worries do not discourage developers because they rely on advanced Dutch marine engineering principles which match the Palm Jumeirah project in Dubai. The country is dedicating its efforts to achieve carbon neutrality before 2030.
