The Maldives has welcomed a significant addition to its investment landscape with the launch of the First National Real Estate and Hospitality Fund Plc. This marks the first fund of its kind in the country, opening up opportunities for local and international investors to enter the lucrative real estate market.
Hassan Ziyath, CEO of First National Finance Corporation, introduced the fund with an emphasis on accessibility and inclusivity. “This Fund will be widely accessible, allowing individuals to invest with a minimum of MVR 10,000,” he stated. This approach aims to encourage broader participation in real estate investment.
The fund offers two key investment options designed to cater to diverse investor preferences:
- Equity Investment: Investors can purchase shares with a minimum subscription of MVR 10,000 (10 shares). The fund offers an anticipated annual return of 20%, with quarterly dividend payments.
- Debt Investment: Investors can opt for conventional amortized bonds starting at MVR 10,000. These bonds provide an annual interest rate of 12%, paid quarterly over a six-year term.
The fund’s core project revolves around the assignment and lease rights of H. Sakeena Manzil, a strategically located property in a prime business district. Covering multiple floors, the property is expected to attract high demand and generate steady rental income.
Licensed by the Capital Market Development Authority (CMDA), the fund adheres to regulatory standards, ensuring transparency and investor protection. It also seeks to diversify investment portfolios and provide steady income through real estate, offering an avenue for participants to benefit from the Maldives’ growing property market.
This initiative is poised to attract a diverse range of investors, further developing the real estate sector in the Maldives. For more information, interested parties can visit www.estatefund.mv.
