A luxury apartment that typically costs 4 million MVR has a rental yield of up to approximately 38,500 MVR (equivalent to 2500 USD) per month. This figure equates to roughly 11-12% return per annum, which is extremely high when compared with the rest of the world. In a country like Maldives where bank deposit rates are extremely low, many individuals prefer investing in a home instead of investing in fixed deposits.  

With more and more expats shifting to Greater Male Region for job opportunities, the vacancy rates are extremely low and as the demand for rental housing is extremely high. This enables the Maldivians to demand a premium rental for their homes and also easily find stable long term tenants who pay well. 

A fair share of luxury housing in the Maldives is located on Fithuroanu Magu, Hulhumale’. It is a premium location centrally located with best services to offer and the best views of the ocean. One such project is Solitaire, which really stands out with its aesthetic and efficient design on Fithuroanu Magu. Solitaire is a homogenous building with all 3+1 bedrooms apartments and penthouses with international level specifications and world class amenities. It has an upscale clubhouse with surround sound, large screen, pool table and more. Other amenities include an infinity pool, a children’s play area, numerous parking facilities, door step retail, access control to name a few. 

Solitaire will be the crowning jewel of the luxury housing market in Maldives and it is a once in a lifetime, premium investment opportunity you do not want to miss.