Luxury properties in Maldives launched in London

Tuesday, November 09, 2010

Luxury properties in Maldives launched in London

For the first time ever, foreign nationals can now buy property in the Maldives, thanks to the country's forward-thinking president, Mohamed Nasheed.

The president has introduced legislation permitting foreigners to buy homes in the Maldives on a 50-year renewable lease.

Last week a new luxury six star resort, called 12 Blues Resort & Spa, was launched at The Berkeley Hotel in Knightsbridge, London, with villas ranging in price from £1.1million to £1.5 million.

Located in Raa Atoll in the Indian Ocean, 12 Blues is a 40 minute seaplane journey north of Male, the capital of Maldives. Known by locals as Lundhufushi, the island is a 10 acre teardrop shaped coral island with over two kilometres of untouched pristine beachfront.

Aside from offering a luxurious lifestyle experience, the properties are also expected to generate a good rental income for any homeowner willing to let out their home. Lundhufushi Holdings Pvt Ltd, the consortium and development arm of 12 Blues Hotels & Resorts, estimates that a property at 12 Blues will rent for around £1,200 per night.

As a subtropical travel destination, the Maldives is extremely popular with holidaymakers from around the world, particularly honeymooners.


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