Maldives Property Week, 21 October 2026

The week in Maldives real estate to 21 October 2026: 64 new pieces.

In this issue

SJ Group brings SJ Dhihereya Residence to market: 90 lagoon-side apartments in Hulhumalé

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.

Living at SJ Dhihereya: a day on the lagoon side of Hulhumalé

What daily life looks like from SJ Dhihereya Residence: west-facing homes over the lagoon, the ferry and the airport close by, and Hulhumalé Phase 1's parks, schools, shops and hospital within easy reach.

Bayfancy Residence, the building: 18 floors on 350 piles, with a whole floor for residents

What Bayfancy Residence is made of: an 18-storey tower over a basement on Lot 20092 in Hulhumalé Phase 2, standing on more than 350 deep piles, with no shops inside, a double-height lobby and an entire 17th floor of shared amenities.

Bayfancy Residence, units and prices: five layouts, and what has changed since launch

Bayfancy's layouts run from a 735 sq ft 1+1 to sky villas of over 6,000 sq ft. Starting prices have risen since sales opened in May 2025: the 1+1 from MVR 3.5 million to 3.75 million, the 3+1 from MVR 6.2 million to 7.23 million.

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.

Bayfancy Residence as an investment: the rent each home has to earn

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.

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.

Bayfancy Residence, the full story: from the first pile to a June 2027 handover

Everything about Bayfancy Residence in one place: the Singapore developer behind it, the 18-storey building on Lot 20092 in Hulhumalé Phase 2, every milestone since piling began in December 2024, the handover date as it has moved, prices then and now, and what is left before keys in June 2027.

SJ Dhihereya Residence: every apartment, floor and price

The full price list of SJ Dhihereya Residence, layout by layout: from MVR 3.63 million for a 1,009 sq ft two-bedroom to MVR 6.44 million for a 3+1 on the top floor, with MVR 100,000 added for every floor up.

The Pension Office's housing leaflet, explained in full

The Maldives Pension Administration Office's Dhivehi leaflet on using pension savings to buy a home sets out the whole scheme on four pages: who qualifies, how much you can pledge at each age, which homes count, the five lenders, the three steps and what happens to your money. Here it is in English, section by section.

Using your pension to buy a home: the Pension Office FAQ, answered in full

The Pension Office answers six questions about its housing scheme. Here they are with the answers, plus what each means for someone buying a flat from a developer, and two corrections where the FAQ's wording says the opposite of what the scheme does.

Pledge, not withdraw: how the MRPS housing benefit actually works

The Pension Office does not pay out pension savings for housing. It lets members pledge them as collateral, in place of a cash down payment, and the money keeps earning. Why the scheme is built that way, and what it means for your retirement.

And 52 more on the front page.

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