# Buying at Bayfancy Residence: the steps, and where the concierge can help

> How to buy an apartment at Bayfancy Residence from first enquiry to keys, the questions to settle at each step, and how Binga's concierge can help you compare, check the contract and let the home after handover.

Source: Maldives Real Estate News, published by Binga Properties. URL: https://news.binga.mv/bayfancy-buying-with-binga
Published: 2026-10-18T04:59:23.228Z · Updated: 2026-10-18T05:05:48.908Z · Event date: 2026-10-18

Bayfancy sells its apartments directly, from its sales office at Infinity Hub on Mirihi Magu, Hulhumalé Phase 1 (telephone +960 400 1188). Here is the path from enquiry to keys, and what to settle along the way.

## 1. Choose with the full list

Ask for the **current price list by unit**: floor, size, view and price. Ask what has sold. Starting prices have risen since the 2025 launch, so compare units, not "from" prices. ([Units and prices](/bayfancy-units-and-prices).)

## 2. See what you are buying

- **Visit the materials showroom** Bayfancy opened in August 2026, and ask to see the show apartment.
- **Note the brands and models**, and ask for them, or an equal standard, to be written into your agreement.

## 3. Read the agreement before you pay

- **Handover date** and what happens if it moves. It has gone from late 2026 to 30 June 2027.
- **Who you are contracting with** since the change of shareholders in October 2025.
- **The payment schedule**, linked to construction stages.
- **The service charge**, and what it covers.
- **What happens if you cancel**, or need to.

Have a lawyer review it. This guide is not legal advice.

## 4. Arrange the money

Bank of Maldives was named as Bayfancy's mortgage partner in 2025. Ask your bank for current terms before you book, because lenders treat buildings under construction differently.

## 5. Follow the build

Bayfancy publishes monthly progress reports. We cover each one on [the full story page](/bayfancy-residence-the-full-story). The windows and lifts due in January 2027 are the next milestones to watch.

## 6. Handover and snagging

At handover, inspect the home against your agreement and the showroom specification, and list every defect in writing before you accept the keys.

## Where the concierge helps

Binga's concierge can:
- set Bayfancy side by side with other new and finished buildings in Hulhumalé, so you can see what the same money buys;
- go through the agreement with you, using the checklist above;
- after handover, **let the home for you**: tenant search, agreements under the Residential Tenancy Act, and looking after the property.

Message the concierge on WhatsApp +960 778 3395.

## Sources
- bayfancy.com/news (Bayfancy news: sales office and contacts; materials showroom, 20 August 2026; "Journey to Handover" episodes) (https://bayfancy.com/news (Bayfancy news: sales office and contacts; materials showroom, 20 August 2026; "Journey to Handover" episodes))
- mihaaru.com/business/145880 (Mihaaru, 27 May 2025: Bank of Maldives mortgage partner) (https://mihaaru.com/business/145880 (Mihaaru, 27 May 2025: Bank of Maldives mortgage partner))
- bayfancy-progress-september-2026.vercel.app/ (handover schedule to 30 June 2027) (https://bayfancy-progress-september-2026.vercel.app/ (handover schedule to 30 June 2027))

Binga Properties is a real-estate concierge; it may represent homes and developments mentioned here.