The Maldives government has put up 18 islands for sale for resort development purposes. The government first announced that the 18 islands would be put up for sale at the Dubai Expo held last October.
As per the Tourism Ministry, the announcement was made well in advance of the opening bid to increase investor interest in these islands. The Ministry on 17th January 2022, began the sale of the bid documents for the 18 islands.
The islands for sale for resort development are as below:
- HA. Madhafushi – 10.90 hectares (USD 875,000)
- HA. Alidhuffarufinolhu – 3 hectares (USD 350,000)
- HDh. Kudafarufasgandu – 1.20 hectares (USD 200,000)
- Sh. Kudalhaimendhoo – 14.70 hectares (USD 1 Million)
- R. Alifushi and Etthingili – 10 to 20 hectares from the lagoons (USD 250,000)
- M. Seedhihuraa and Seedhihuraaveligandu – 4.28 hectares (USD 875,000)
- M. Maausfushi – 10.40 hectares (USD 1.5 Million)
- F. Enbulufushi – 1.00 hectares (USD 350,000)
- F. Jinnathugau – 0.89 hectares (USD 350,000)
- Th. Kaaddoo – 3.9 hectares (USD 700,000)
- Th. Olhufushi and Olhufushifinolhu – 3.54 hectares (USD 700,000)
- L. Kashidhoo – 3.1 hectares (USD 700,000)
- L. Bodumungnafushi – 3 hectares (USD 700,000)
- L. Dhonbereha and Holhareha – 4.44 hectares (USD 500,000)
- GA. Maarehaa – 17 hectares (USD 1.4 Million)
- GA. Funadhooviligillaa – 5 hectares (USD 700,000)
- GDh. Kan’dahalagalaa – 7.4 hectares (USD 875,000)
- GDh. Ferettha Viligillaa and Dhekaanbaa and Koderataa – 9.26 hectares (USD 700,000)
Tourism Ministry further stated that these islands must be developed as resorts and opened for service within 3 years.
The highest acquisition cost is for M. Maaufushi for USD 1.5 million. The second most expensive island is Ga. Maarehaa for MVR 1.4 million. The acquisition cost is the lowest for R. Alifushi + Etthingili, F. Enbulufushi, F. Jinnathugau and HDh. Kudafarufasgandu costing between USD 200,000 to 350,000.
