Maldives real estate, reported from the ground: developments, developers, prices, rules, and the homes behind them.
audience
Everything the desk has published under “buyers”.
Rules & rates
In five years Bank of Maldives cut its home rate to 9%, stretched terms to 25 years, cut the deposit from 20% to 5%, added dollar financing at 7.5%, took on the government's 5% building scheme and turned its personal banking Islamic. The changes in order, and what they add up to for buyers.
Rules & rates
Maldivians earning in US dollars, including resort, guesthouse, hotel and safari staff, can finance a home with Bank of Maldives at 7.5% a year, repaying in dollars. Who qualifies, how service charge counts, and what it costs on a typical flat.
Rules & rates
Bank of Maldives finances apartments, row houses, garages and land at up to 9% a year, over up to 25 years, with 5% equity and a 24-month grace period. Here is every term as the bank publishes it in October 2026, and what each means for a buyer.
Rules & rates
Since 13 September 2026 every new personal financing at Bank of Maldives is processed on Islamic principles. Its home financing uses Diminishing Musharakah: you and the bank co-own the home, you pay rent on its share and buy it out. What changes for a buyer, and what does not.
Developments
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.
Developments
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.
Developments
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.
Developments
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.
Developments
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.
Developments
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.
Developments
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.
Launches
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.
Developments
A jungle island in the Baa Atoll biosphere reserve and an overwater lagoon in the Noonu Atoll. Where Soneva's private residences sit, how you reach them, and what a returning guest will recognise.
Developments
No one owns a residence at .HERE, but families can still make it a yearly fixture. How a returning guest might use the islands across the monsoons, and how that year differs from an owner's.
Developments
Forty apartments on the northern shore of Kandima, the long, busy resort island in Dhaalu Atoll. What the island is like, how you reach it, and who it suits.
Developers
The operator behind Soneva Fushi, Soneva Jani and Soneva Secret was the first in the Maldives to sell resort villas to foreign buyers. Who runs it now, how it builds, and what its name means for an owner.
Developments
How a concierge handles a purchase at Irumathi, from choosing the block and floor to handover, and how the same person lets the unit afterwards.
Developments
Couples on the villa side, families on the marina side, executives who host, and a buyer for the four-bedroom. What the concierge checks before you sign or pay.
