Private Lagoon for Sale – North Male Atoll, Maldives for Luxury Resort Development and Private Villas Sale

EXCELLENT REVENUE POTENTIAL! Discover a private lagoon in the prestigious North Male Atoll, surrounded by some of the world's most exclusive resorts, such as the Sheraton Maldives Full Moon Resort & Spa, Ritz-Carlton Maldives, and Hilton Maldives Amingiri. Located just 10 minutes by speedboat from Velana International Airport, this property is ideal for investors seeking to develop a luxury resort in a top-tier destination.

Key Features:

• Strategic Location: A 125-hectare lagoon with the possibility of claiming up to 27.5 hectares of land for construction.
• Development Potential: Ideal for a luxury resort with 225-260 keys featuring beachfront or overwater villas.

• Access Infrastructure: Just minutes away from Male, the capital of the Maldives, and surrounded by iconic resorts operating in the highest luxury segment.

• Favorable Terms: Initial 50-year contract, extendable for another 49 years. Additionally, the first 5 years are rent-free, maximizing the project's financial viability.

*Revenue Projections
With a fully developed resort, annual revenue projections based on 265 villas could reach $66,028,500 USD, distributed as follows:

• 150 One-Bedroom Beach Pool Villas: $32,850,000 USD with an average rate of $750 USD and 80% occupancy.
• 30 Two-Bedroom Grand Beach Pool Villas: $8,431,500 USD with an average rate of $1,100 USD and 70% occupancy.
• 25 Three-Bedroom Residence Beach Pool Villas: $10,950,000 USD with an average rate of $2,000 USD and 60% occupancy.
• 60 One-Bedroom Water Pool Villas: $13,797,000 USD with an average rate of $900 USD and 70% occupancy.

This projection is based on the performance of similar resorts in the region, ensuring excellent return on investment in a high-end tourism market.

Costs;

$8 per sq cubic meter, it is cost of reclaimation of land …this is not construction cost…

This lagoon 27 ha of land can be reclaimed , but it is completly up to you how much you want to reclaim land as per your concept



Permits, license and eia will cost around 30k usd and takes a out 3 months to obtain

Approximate construction cost per square meter Could be anywhere between $1500 to $3000 or more depending upon your concept

There are no laibities or debts

There is yet no property tax as these are virgin islands and lagoons

As mentioned in presentation : Once the headlease will be transfered you will have 3yr rent free period for Islands and 5 years rent free period for lagoon

The headlease is document where it will mentioned the ownership of the island, the lease term,

currently it is leased to us for 50 year and so whennthe headlease will be transfered , they will pay additional amout (5mil) to governament directly if they want to take it for 99 year (49+ years)

Basic construction guide is also mentioned in headlease

NOTE : for lagoon is its 5 year because of reclaimation process which takes around 12-14 months .

There is no water certification for the same reason that it is a virgin island

The tittle deed and other headlease will be shared upon signing an LOI with proof of funds

These lagoon is for resort and private villa purpose

Permits and licenses has additional cost paid directly to government, the owners will guide you on the permits so you dont worry about it , they have an office for this purpose in Male.

Advantages of North Male Atoll

The proximity to luxury resorts and key tourist routes ensures a steady flow of high-level international visitors. This atoll is known for its pristine beaches, coral reefs, and unique marine biodiversity, attracting both tourists and luxury lovers.

You can find the goggle coordinates in the PDF.

*Price starting at: $25,000,000 USD