# Bayfancy Residence, the address: Lot 20092 in Hulhumalé Phase 2

> Bayfancy stands on Lot 20092 in Hulhumalé Phase 2, next to Blue Lagoon Luxury Residences, in a part of Hulhumalé still filling in. What living there looks like today and as the neighbourhood is built out.

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

Bayfancy Residence is on **Lot 20092, Hulhumalé Phase 2**. Its neighbour on Lot 20094 is **Blue Lagoon Luxury Residences**, another new tower.

## The neighbourhood

Phase 2 is the newer, northern half of Hulhumalé, reclaimed after Phase 1 and still being built out:
- some streets are lined with finished towers and families moved in;
- others are still construction sites.

Bayfancy describes its outlook as across **a large public park and civic spaces**. At its launch it also listed a **four-floor commercial centre** and a **2,000-square-metre central park** planned alongside the building.

## Day to day

- **Getting to Malé:** by bus or car over the bridge, or from the ferry terminal in Phase 1.
- **Shops and services:** Phase 2's own shops are growing. Phase 1's established schools, clinics, supermarkets and Central Park are a short ride away.
- **The airport:** close for anyone who flies for work.
- **Bayfancy's sales office:** in Phase 1, at Infinity Hub on Mirihi Magu.

## Who it suits

- **Buyers looking ahead.** Phase 2 has the newest buildings and the most land still to be developed, and its services will fill in over the coming years.
- **Families wanting space and amenities in one building.** Bayfancy's 2+1 and 3+1 layouts and its 17th-floor amenity level are aimed at them.
- **Less so anyone who needs everything on the doorstep today.** Some of Phase 2's daily life still means a trip to Phase 1.

## What to check

Walk the streets around Lot 20092 on a weekday and an evening. Ask the developer and HDC:
- what is planned for the plots around it;
- when the commercial centre and park mentioned at launch will be built, and by whom.

See [the building](/bayfancy-the-building) and [the full timeline](/bayfancy-residence-the-full-story).

## Sources
- bayfancy-progress-september-2026.vercel.app/ (Lot 20092, Hulhumalé Phase 2) (https://bayfancy-progress-september-2026.vercel.app/ (Lot 20092, Hulhumalé Phase 2))
- www.bluelagoon.mv/ (Blue Lagoon Luxury Residences, Plot 20094, Hulhumalé Phase 2) (https://www.bluelagoon.mv/ (Blue Lagoon Luxury Residences, Plot 20094, Hulhumalé Phase 2))
- bayfancy.com/news ("Living Well in the Heart of a Modern City", 24 January 2026: views over a public park and civic spaces; "Celebrate Your Next Ramadan at Bayfancy Residence", 26 February 2026) (https://bayfancy.com/news ("Living Well in the Heart of a Modern City", 24 January 2026: views over a public park and civic spaces; "Celebrate Your Next Ramadan at Bayfancy Residence", 26 February 2026))
- mihaaru.com/business/145599 (Mihaaru, 18 May 2025: commercial centre and park planned alongside; sales office in Hulhumalé Phase 1) (https://mihaaru.com/business/145599 (Mihaaru, 18 May 2025: commercial centre and park planned alongside; sales office in Hulhumalé Phase 1))

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