Maldives real estate, reported from the ground: developments, developers, prices, rules, and the homes behind them.
topic
Everything the desk has published under “buying”.
Guides
SJ Group's booking terms for SJ Dhihereya Residence in plain words: who is served first, what the 2 and 5 per cent discounts are worth, what a cancellation costs, and ten questions to settle before paying for a home due in 2028.
Rules & rates
The Pension Office's housing scheme covers homes bought to live in, sold on the open market, including flats handed over when construction finishes. What that means for buyers in Greater Malé's new developments, and what it leaves out.
Rules & rates
Pledging pension keeps your cash free and may get you a lower rate; paying cash keeps your retirement savings out of the loan. Five questions to decide, and how to combine the two.
Rules & rates
Housing Development Finance Corporation, the Maldives' only specialised housing lender, finances flats in approved projects at 10.42% to 12.25% over up to 25 years, with 20% of your own money. What it offers, who qualifies and how to apply.
Rules & rates
Maldives Finance and Leasing Company lends for buying, building or renovating a home: from MVR 200,000, over five to ten years, with 20% of your own money and a guarantor. What its Home Loan offers, who it suits, and what it does not publish.
Rules & rates
To finance a flat that is still being built, Bank of Maldives must have approved the development. Its published list names more than thirty projects, from Bayfancy and Blue Lagoon in Hulhumalé Phase 2 to Solitaire, Aqua Vita and Kandoofaa. Here is the list, and what approval does and does not mean.
Rules & rates
Since October 2025 Bank of Maldives asks for 5% of the price as your own money, down from 20%. On a MVR 3.5 million flat that is MVR 175,000 instead of MVR 700,000. What the cut changes, what it does not, and the full cash a buyer still needs on day one.
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.
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'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.
Development
In February 2021 a Maldives Opinion Network poll of 2,000 people found 72.5 per cent preferred a three-bedroom flat and 7.5 per cent a one-bedroom. The state's next large scheme, 4,000 flats in Hulhumalé Phase 2, was built with two and three bedrooms only.
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.
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.
