Tuesday, 27 October 2026 · Malé Search Newsletter Send us your launch WhatsApp the desk
Maldives Real Estate News

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

Developments

What your rent buys at One Central Park

A furnished eleventh-floor three-bedroom listed through Binga at MVR 35,000 a month in June 2026, in a building of identical 1,000 sq ft homes beside Central Park. What a tenant gets for the rent at One Central Park.

One Central Park Hulhumale
One Central Park Hulhumale

At One Central Park, every home is a three-bedroom of about 1,000 square feet, so the rent buys the same plan wherever you are in the building. What changes is the floor, the view (park or city) and the furnishing. The one home Binga has listed here, a furnished eleventh-floor flat, was listed at MVR 35,000 a month in June 2026 and has since been let.

The home and the rent

HomeSizeListed rentStatus
3 bedroom, 11th floor, Central Park view balcony, fully furnished1,000 sq ft, 3 bathroomsMVR 35,000 a month (listed June 2026)Let

That is the listed figure, not the rent finally agreed.

MVR 35,000 is about $2,270 at the pegged rate of roughly 15.4 rufiyaa to the dollar. That places it in the middle-to-upper part of the range the concierges quote for three-bedrooms in Greater Malé, which runs from about MVR 15,000 to MVR 55,000 and beyond for new-build premium units. Pricing in rufiyaa is itself informative: this building is priced for the wider market as well as for the dollar-paying corporate segment.

One listing is a data point, not a band. The desk will publish a range for this building once more homes have been through Binga.

What the flat gives you

Because the building has only one floor plan, the list is the same for every home:

  • Three bedrooms and three attached bathrooms, about 1,000 square feet in total.
  • A contemporary modular kitchen.
  • A separate laundry and washing area.
  • Ventilated living and dining rooms.
  • A private balcony, facing either the city or Central Park depending on the layout type (A, B or C).

The eleventh-floor home Binga let was fully furnished, meaning move-in ready. If a home is offered semi-furnished or unfurnished, expect the rent to be lower, and ask the concierge for the inventory in writing.

For value, the key question is the view. A park-facing home and a city-facing home are the same size, so any difference in rent between them is a price on the outlook. Ask which layout type a home is before viewing it.

What the building gives you

According to the developer, the building provides:

  • A 360-degree viewing platform and a green turf walkway on the roof.
  • An indoor mini-gym, a children's play area and a multi-purpose hall for residents.
  • Retail shops and commercial spaces on the ground and first floors.
  • 24-hour manned security, CCTV throughout the common areas, and intercoms with access-card entry.
  • Dedicated parking for residents.

The developer also places the building within walking distance of the ferry terminal, commercial areas, the mosque and several schools, and a short stroll from the marina.

The catalogue does not list a pool or backup power, and its text on parking is incomplete. The concierge confirms the parking allocation, backup power and the service charge with the owner before a viewing.

Who built it

The catalogue does not name the developer, and the desk will not guess. The building's record is what can be reported: two blocks of fifteen floors, 120 homes, all of them three-bedrooms.

How renting here through Binga works

Start with the tenant brief at concierge.binga.mv/tenants, or send a WhatsApp message to +960 778-3395. Say whether you want the park side or the city side, your budget in rufiyaa or dollars, and your move-in date. If schools are the reason you are looking here, say that too.

A concierge then shortlists the homes that fit, here and in nearby Phase 1 buildings, and arranges the viewings. Every home Binga introduces has been inspected and its owner verified. The agreement is with the owner directly, with no broker layer on top of the rent.

The practical next step is to send the brief with One Central Park named in it. The concierge will contact you when a home that fits comes to market.

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.