Residences
Presales of USD 256.5 million, less USD 105.4 million of development cost, leave a surplus of USD 151.1 million. The investor’s half is USD 75.55 million, paid at opening on 1 January 2028. That is more than the USD 50 million.
OCT 2026
USD 50 million in at closing on 16 October 2026. Nothing out until the resort is finished. Then the residence surplus, and the hotel on top of that.
USD 0
Residences received
USD 0 15.7% a year
Realistic
USD 0 24.3% a year
Bull
Realistic Bull Residences
Realistic
USD 2,095 a night, the August 2026 achieved rate, across 108 units. The investor’s half of the hotel is USD 7.85 million a year, 15.7% a year on the USD 50 million.
Bull
USD 4,000 a night, the top of the North Malé range. The investor’s half of the hotel is USD 12.17 million a year, 24.3% a year on the USD 50 million.
Important
This is the worst case. It counts the room rate only. Restaurants, the spa, activities and other services come on top, as profit.
The Apartments
Up to 50 apartments.
- Two terraced low-rise buildings
- Planted terraces and a garden
- A central pool
- The beach all round
- Rooftop solar
Two terraced low-rise buildings with planted terraces and rooftop solar, set around a central pool and garden, with the beach all round.