• Two separate islands 8 km apart
• World famous reefs and corals
• Located close to luxury resorts
• Room to build large Yacht berth
• 110 km from the capital Male
• 2.5 hours by speed boat or
• 30 minutes by sea plane to Male
These stunning islands are approx 110 km from the capital Male and are 2.5 hours by speed boat or 30 minutes by sea plane and have reefs and corals that are world famous.
The islands are approximately 8 km from each other and other famous resorts like Four Seasons, Six Senses, Dusit Thani, Anantara Kihavah are all in the vicinity along with some other exclusive luxury properties under construction.
After the head lease is approved by the Government of Maldives, the lessee has 3 years to develop the island. Lease duration is 50 years with option to extend up to 99 years. Foreign investors can be 100% lease holder but must maintain a local office to conduct day to day operations, liaison with Govt, book keeping, tax payments, etc. Islands can be mortgaged as well with face value USD 10-12 million.
A Joint Venture head lease is possible through formation of a JV company in the Maldives with a local citizen as is mostly done by International resorts or private investors, There will be 25% discount in price in this case. The investor still has to bring 100% equity, and the planning and development remains investors choice. JV partner can assist in logistics, architectural planning, construction, material procurement, etc.
Investors may also choose to build a Yacht berth that caters for large yachts (100 metres or larger) arriving regularly. Yacht tourism in the Middle East and Far East has increased significantly.
This is a once in a lifetime opportunity to own something truly beautiful and unique.