Maldives real estate, reported from the ground: developments, developers, prices, rules, and the homes behind them.
Developments
Set SJ Dhihereya's list prices against what three-bedroom homes in Hulhumalé Phase 1 are asking in rent today, and a gross yield of roughly 8 to 10 per cent appears on paper. Here is how that figure is built, and the five things that bring it down.
Developments
At today's starting prices a Bayfancy 1+1 needs about MVR 18,750 a month in rent to earn a 6 per cent gross return, and a 3+1 about MVR 36,150. Here is how that compares with what homes in Hulhumalé are asking, and what else to weigh.
Rules & rates
Yes, until you turn 60, but only half your balance, and the loan must be paid off before you turn 65. That shortens the term and raises the payment: on MVR 2.4 million at 11%, about MVR 33,100 a month over ten years against MVR 23,500 over 25.
Homes available through Binga right now and their asking rents, by neighbourhood. Asking, not achieved; live catalogue, synced 1 Nov 2026.
$2,000 median / month
2 for rent · 0 for sale · middle half $2,000–$2,000
$2,550 median / month
19 for rent · 0 for sale · middle half $2,300–$2,850
$2,750 median / month
3 for rent · 1 for sale · middle half $2,725–$2,775
New towers going up in Greater Malé: how far along each is, when it is due and what it costs, from the developers’ own progress reports.
All developments →Hulhumalé Phase 2
Hulhumalé
Sale on hold
Renting
What homes ask today, what is free now, and the rules that protect a tenant.
| Area | Median rent | Free now |
|---|---|---|
| Hulhumalé Phase 2 | $2,000 | 2 |
| Hulhumalé | $2,550 | 19 |
| Malé | $2,750 | 3 |
Developments
Living at SJ Dhihereya: a day on the lagoon side of HulhumaléDevelopments
Bayfancy Residence, the address: Lot 20092 in Hulhumalé Phase 2Developments
What makes The Creek View beautiful to come home toDevelopments
Working from home and hosting at The GardensBuying
New buildings and their prices, how off-plan sales work, and what to check before you pay.
| New building | Prices |
|---|---|
| Bayfancy Residence | MVR 3.75 million (1+1, September 2026) |
| SJ Dhihereya Residence | MVR 3,632,270 to 6,438,115 (list, October 2026) |
Guides
Buying at SJ Dhihereya: the terms, the discounts and what to check before you payRules & rates
How much of my pension can I put towards a flat?Rules & rates
Using your pension to buy a home: the Pension Office FAQ, answered in fullRules & rates
The Pension Office's housing leaflet, explained in full27 to rent and 1 for sale through Binga today, newest first. Asking prices, live from the catalogue.
All homes available →
For rent
3BR Crystal Residence Apartment
3 bed · 3 bath · 1200 sq ft
MVR 37,000 / month asking
For rent
Modern 2 Bedroom Beachfront Apartment
2 bed · 2 bath · 754 sq ft
$2,000 / month asking
For rent
Contemporary 1 Bedroom with Balcony
1 bed · 1 bath · 480 sq ft · Fully Furnished
$1,400 / month asking
For rent
Modern2 Bedroom Beachfront Apartment with Balcony
2 bed · 2 bath · 693 sq ft
$2,000 / month asking
For rent
2+1 BR Fully Furnished Apartment at Platinum Residence
2 bed · 3 bath · Fully Furnished
$2,000 / month asking
For rent
Platinum Residence 3+1 Apartment
Fully Furnished
$2,800 / month asking
For rent
Blue Heaven 3BR Luxury Channel View Apartment
3 bed · 3 bath · 1200 sq ft · Fully Furnished
$3,000 / month asking
For rent
Modern 3+1 BR fully furnished Apartment at Luxera Nadhee
3 bed · 5 bath · 1238 sq ft · Fully Furnished
$2,800 / month asking
Walk-throughs of homes and developments from Binga’s YouTube channel, newest first. Press play to watch here.
All videos →
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Every development in Greater Malé: the building, the homes, the address, what living there is like and what the rent buys.
All developments →Hulhumalé
Rasheed Carpentry and Construction Pvt. Ltd.
Sold 14 floors 116 homes 2 listed now 4 pieces
Sales openings, construction milestones, handovers and price changes, dated and sourced.
All launches →Launches
SJ Group has released SJ Dhihereya Residence, 90 apartments on the west, lagoon-facing side of Hulhumalé Phase 1, priced from MVR 3.63 million and due for completion at the end of 2028. Since 14 October the developer has listed the sale as temporarily on hold.
Launches
RainPearl, Rainbow Tower, the Renaatus buildings, One Avenue, Solitaire, K-Park, The Gardens and more: the Hulhumalé developments people ask about, catalogued with photos, unit types and status.
Launches
In August 2026 Bayfancy completed all plastering, finished air-conditioning, screeding and waterproofing on its upper floors, and opened a showroom of the materials going into the apartments. Its engineering report put overall progress at 70 per cent.
Launches
Owners and concierges can add a YouTube or Instagram walkthrough to any listing; it plays on the home's page and travels with the listing into Binga's ad catalogue.
What the law says about deposits, rent rises, registration and ending a tenancy, for tenants, owners and buyers; and what each bank charges for a home loan.
The daily brief at 7:30 each morning there is news, or Maldives Property Week on Thursdays.
The Binga journey
Building the machine behind a human serviceThe Binga journey
Owners, from listing agency to full representation
