Maldives real estate, reported from the ground: developments, developers, prices, rules, and the homes behind them.
topic
Everything the desk has published under “prices”.
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.
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.
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
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
With the fifth-floor slab poured, Bayfancy opened sales of its 18-storey building in Hulhumalé Phase 2: one-bedroom-plus apartments from MVR 3.5 million, 3+1 suites from MVR 6.2 million and sky villas from MVR 26 million, with Bank of Maldives as mortgage partner.
