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Maldives Real Estate News

Maldives real estate, reported from the ground: developments, developers, prices, rules, and the homes behind them.

Developers

Renting from DAMAS Real Estate: One Avenue on the marina

One building so far: One Avenue, 95 homes on Fithuroanu Magu overlooking the yacht marina, from one-bedrooms to penthouses, with a 24-hour reception and a mall downstairs. What a tenant can expect.

One Avenue
One Avenue

The desk covers one building of DAMAS Real Estate so far: One Avenue, a 13-storey building of 95 homes on Fithuroanu Magu in Hulhumalé, overlooking the yacht marina and a short walk from the ferry terminal and Central Park. With a concierge, a 24-hour reception and homes from one bedroom to penthouse, it is organised closer to a hotel than to a block of flats.

The signature

The unit mix is the first thing to know. One Avenue has 13 one-bedroom homes of about 657 square feet with garden views, 26 two-bedrooms of 846 to 1,085 square feet with city views, 52 three-bedrooms of 1,083 to 2,091 square feet facing sea or city, and four penthouses of about 3,470 to 3,490 square feet, each with a plunge pool, a wrap-around garden and walk-in closets in every bedroom.

Most homes have both a private balcony and a service balcony, which keeps the laundry out of the view. The developer lists en-suite bathrooms plus a guest bathroom, storage, a modern kitchen, air-conditioning and hot and cold water. Two of the furnished homes Binga has let faced the marina, with sunset views; one had floor-to-ceiling windows and bi-fold doors onto the balcony, and three en-suite bedrooms plus a maid's or storage room with its own bathroom.

What the building provides

A concierge and a 24-hour reception. Access control, CCTV and 24-hour manned security. Four residential lifts and one for the commercial floors. Two floors of parking for cars and motorbikes. A fire prevention system. A private garden and children's playground on the second floor, and a shopping mall with retail space in the building.

The catalogue does not list a shared swimming pool, so a tenant who wants one should look at the penthouses or elsewhere.

What rents look like

Binga has let three-bedroom and 3+1 homes here. A fully furnished three-bedroom with a storage room was listed at $2,000 a month in June and has been let; a fully furnished 3+1 with marina and sunset views was listed at MVR 40,000 a month in July and has been let; and another furnished 3+1 listed at $2,000 in August has a let pending. None is on the market through Binga today.

Who it suits

  • A single professional, in one of the 13 one-bedroom homes.
  • A family who wants the marina, the ferry and the park on foot, in a three-bedroom or 3+1.
  • A tenant who values a staffed front desk for deliveries, guests and security.

Renting through Binga

Send a brief at concierge.binga.mv/tenants or message +960 778-3395 on WhatsApp. A concierge watches for One Avenue homes as owners list them, arranges viewings and inspects each home before you commit.

Tell the concierge what you need

Sources and method

Prices are asking prices as listed through Binga unless marked achieved, and are dated. Developer descriptions are reported as the developer's own. Facts the desk could not verify are left out. Spotted an error? Write to hello@binga.mv; corrections are noted at the foot of the piece.

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