# Renting from Rainbow Construction: RainCoral Residence

> One building so far: RainCoral Residence on Reethigas Magu, a joint venture with Mega Infra Projects and managed by Rainland Developers. Dual towers for airflow, a rooftop terrace and a grocery downstairs.

Source: Maldives Real Estate News, published by Binga Properties. URL: https://news.binga.mv/rainbow-construction-for-tenants
Published: 2026-09-23T23:08:07.578Z · Updated: 2026-09-23T23:08:07.578Z · Event date: 2026-09-24

The desk covers one building of Rainbow Construction so far: RainCoral Residence, a 14-storey condominium on Reethigas Magu in Hulhumalé, on the road that leads towards Central Park. It was built as a joint venture with Mega Infra Projects, and for a tenant the most useful fact about it may be the third name involved: Rainland Developers, which sold the homes and now manages the building.

## The signature

RainCoral is a dual-tower building, and the catalogue says the two towers were set out that way to move air through every home. It is aimed, in its own description, at the semi-luxury market: a well-made building rather than a showpiece, with its shared life on the top floor, where a common terrace crowns the fourteenth level.

## What the building provides

A gym, a multipurpose hall, secure parking and a basement level. On the ground floor, the State Trading Organization has opened a permanent People's Choice outlet, so groceries and household appliances are a lift ride away.

There is no shared swimming pool in the catalogue description; the outdoor space residents share is the terrace. The one home Binga lists here has its own.

## Management

Because Rainland Developers moved from selling the homes to managing them, a tenant deals with a manager that knows the building from its first sale. The concierge confirms the service charge and the management contact for every RainCoral home before a lease is signed.

## What rents look like

Binga currently lists one RainCoral home: a fully furnished duplex penthouse in Tower B, 3+1 bedrooms with a maid's room, about 3,340 square feet, with a private deck and a terrace with a plunge pool, [listed at $4,000 a month](https://concierge.binga.mv/properties/raincoral-residence/raincoral-residence-penthouse-3-1) (asking, first listed March 2026). The desk has no other RainCoral rents on record to report.

## Who it suits

- **A household that wants a very large home** with its own outdoor pool, in the penthouse.
- **A family who values airflow and a grocery in the building** over a pool deck.
- **Anyone who wants a named manager** for maintenance and building questions.

## Renting through Binga

Send a brief at [concierge.binga.mv/tenants](https://concierge.binga.mv/tenants) or message +960 778-3395 on WhatsApp. A concierge arranges the viewing, inspects the home and confirms the terms with the owner before you commit.

## Sources
- news_entities rainbow-construction, mega-infra-projects (joint-venture developers), rainland-developers (sales and management)
- Binga catalogue record for RainCoral Residence (RainCoral Residence; description, content), including the developer's published description (https://concierge.binga.mv/projects/raincoral-residence)
- Binga listing: RainCoral Residence Penthouse 3+1 BR Duplex with Private Pool (duplex penthouse, listed Mar 2026) (https://concierge.binga.mv/properties/raincoral-residence/raincoral-residence-penthouse-3-1)

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