Maldives real estate, reported from the ground: developments, developers, prices, rules, and the homes behind them.
audience
Everything the desk has published under “owners”.
Developments
Set SJ Dhihereya's list prices against what three-bedroom homes in Hulhumalé Phase 1 are asking in rent today, and a gross yield of roughly 8 to 10 per cent appears on paper. Here is how that figure is built, and the five things that bring it down.
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
USD 2,500 to 2,600 or MVR 45,000 a month for a furnished three-bedroom through Binga. What an owner at Opal should expect, and the service from inspection to tenant.
Developments
USD 1,800 for a garden 1+1 and USD 2,200 for a furnished 2+1 through Binga. What an owner in the building should expect, and the service from inspection to tenant.
Developments
USD 2,000 for a two-bedroom, USD 2,600 for a three-bedroom, USD 4,000 for the penthouse, through Binga. What an owner at RainCoral should expect, and the service from inspection to tenant.
Developments
Furnished 3+1 homes at USD 2,200 to 2,700 a month through Binga, with ocean and sunset sides at the top. What an owner should expect, and the service from inspection to tenant.
Developments
A furnished three-bedroom corner unit let at MVR 45,000 a month through Binga. What an owner in the building should expect, and how the concierge handles the letting end to end.
Developments
USD 1,400 to 3,000 a month depending on side, floor and the pool. What an owner at The Gardens should expect, and the service from inspection to tenant.
Developments
Furnished three-bedrooms on the channel are letting at USD 2,400 to 2,500 through Binga. What that means for an owner, and the service from inspection to tenant.
Developments
Fifteen units let or listed through Binga give the clearest rent evidence in Hulhumalé: MVR 36,000 to 47,000, USD 2,000 to 2,600. What an owner should expect, and the service from inspection to tenant.
Developments
For a buyer: how the concierge finds and verifies a resale in the building. For an owner: what Binga does with an FW Residence unit from inspection to tenant.
Guides
Why many of the best homes in Malé and Hulhumalé are never advertised, how they change hands, and how a tenant or buyer gets to see them.
Launches
Owners and concierges can add a YouTube or Instagram walkthrough to any listing; it plays on the home's page and travels with the listing into Binga's ad catalogue.
Launches
A tenant's offer, rent, deposit, dates and payment schedule, becomes a living proposal in the owner's private portal; the owner's decision goes straight back to the concierge.
Launches
Every applicant Binga puts forward now arrives as a single page with a vetting score and the bars behind it: income against rent, tenure, references, stability.
Launches
Binga inspects, prices, photographs, markets, screens and hands over, with one dedicated contact, no upfront fees, and 50% of one month's rent only after the tenant is secured.
The Binga journey
The owner side grew from "we will list it" to "we will run it": inspection, pricing, photography, marketing, vetting, the agreement and the handover, paid only when the tenant is placed.
Launches
Six promises to tenants and a matching set for owners, published as pages on the site, as cards in Binga's ads, and in Dhivehi with native Thaana typography.
