Tuesday, 27 October 2026 · Malé Search Newsletter Send us your launch WhatsApp the desk
Maldives Real Estate News

Maldives real estate, reported from the ground: developments, developers, prices, rules, and the homes behind them.

Developers

Renting from TATA Housing Maldives: Luxera on Sosun Magu

One building so far: Luxera Nadhee, 72 homes on Sosun Magu, every one a 3+1, with a rooftop pool and basement parking in central Malé. What a tenant can expect.

LUXERA Nadhee
LUXERA Nadhee

The desk covers one building of TATA Housing Maldives so far: Luxera Nadhee, on the former Naadhee site on Sosun Magu in Malé. It is a building with a single idea. Every one of its 72 homes is the same type, a 3+1, and the shared life of the building has been taken up to the roof, which in central Malé is where the space is.

The signature

The developer describes Luxera as a ground-plus-nine building: two floors of retail at street level, a basement for parking, and the homes above. Each home is a 3+1: three bedrooms and a fourth room for domestic help or utility, which the brief likens to a four-bedroom layout. Sizes come in four plans, 1,237, 1,248, 1,311 and 1,440 square feet.

Inside, the brief lists modular kitchens that open onto the dining area, split air-conditioning in every room, large windows for daylight and private balconies with city or skyline views. It also says the bedrooms are oriented to protect privacy, which matters on a street as busy as Sosun Magu.

What the building provides

The rooftop carries most of it: an infinity pool and deck, a gym, landscaped outdoor areas and a children's play area, a barbecue deck and open lounge, a multipurpose hall for celebrations, and a health bar with a Wi-Fi lounge. Below ground there is car and cycle parking.

For a Malé tenant, the basement is the headline. The developer calls secure parking a major premium in dense Malé, and families who have circled a block looking for a space will agree.

What rents look like

Luxera is still listed as selling, and Binga has seen few rental listings so far. A fully furnished 3+1 of 1,340 square feet was listed through Binga at $2,800 a month (asking, September 2026) and is no longer available. The concierge will quote live figures as more owners let.

Who it suits

  • A family who wants to live in the centre of Malé without giving up a pool, a gym and a play area for the children.
  • An expatriate household with live-in help, since every plan has the extra room.
  • An executive posted to Malé who wants a parking space under the building rather than a search for one.

It suits less a single tenant or a couple looking for something small: there are no one- or two-bedroom plans here.

Renting through Binga

Send a brief at concierge.binga.mv/tenants or message +960 778-3395 on WhatsApp. A concierge checks which Luxera homes are available to let, arranges the viewing, and inspects the home before you commit.

Tell the concierge what you need

Sources and method

Prices are asking prices as listed through Binga unless marked achieved, and are dated. Developer descriptions are reported as the developer's own. Facts the desk could not verify are left out. Spotted an error? Write to hello@binga.mv; corrections are noted at the foot of the piece.

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