The Government of Maldives and Eagle Hills have signed a commercial terms agreement for the development of Maldives Waterfront and Marina, a major integrated island destination in the Ras Malé area, marking one of the country’s most ambitious long-term development initiatives.
According to the press release, The commercial terms agreement sets out the shared vision and principal commercial terms of the project, with detailed terms to be developed as the project progresses. With an overall development scale envisioned in the region of over its various phases, the project represents a transformational long-term vision for the Maldives.
Envisioned as a world-class global tourism, waterfront and marina destination, the development will bring together international hospitality, premium residences, branded residences, a world-class marina, waterfront leisure, retail, dining, entertainment, wellness, education, healthcare and community facilities within one integrated destination.
The project builds on the extraordinary strength of the Maldives brand. Recognised around the world for its natural beauty, exceptional hospitality and unique island experience, the Maldives has established a position few destinations can replicate. The development will build on this legacy, complementing its globally renowned resort sector with a new generation of waterfront living, hospitality and marina experiences.
At its heart will be an internationally significant destination where hotels and resorts, premium residences, branded residences, marina experiences, waterfront promenades, dining, retail, wellness and entertainment come together around the water. Education, healthcare, community infrastructure and high-quality public spaces will complete an integrated environment combining tourism, residential life and year-round economic activity. Properties within the destination will be offered through a long-term leasehold framework under Maldivian law, of up to 99 years, transferable and inheritable, with every transfer subject to Government approval and registration.
The development is expected to broaden the Maldives’ tourism offering, creating new reasons to visit, stay longer, return and invest, while attracting new international visitor segments and further strengthening the country’s position as one of the world’s most desirable tourism and lifestyle destinations.
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According to the press release, The commercial terms agreement sets out the shared vision and principal commercial terms of the project, with detailed terms to be developed as the project progresses. With an overall development scale envisioned in the region of over its various phases, the project represents a transformational long-term vision for the Maldives.
Envisioned as a world-class global tourism, waterfront and marina destination, the development will bring together international hospitality, premium residences, branded residences, a world-class marina, waterfront leisure, retail, dining, entertainment, wellness, education, healthcare and community facilities within one integrated destination.
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The project builds on the extraordinary strength of the Maldives brand. Recognised around the world for its natural beauty, exceptional hospitality and unique island experience, the Maldives has established a position few destinations can replicate. The development will build on this legacy, complementing its globally renowned resort sector with a new generation of waterfront living, hospitality and marina experiences.
At its heart will be an internationally significant destination where hotels and resorts, premium residences, branded residences, marina experiences, waterfront promenades, dining, retail, wellness and entertainment come together around the water. Education, healthcare, community infrastructure and high-quality public spaces will complete an integrated environment combining tourism, residential life and year-round economic activity. Properties within the destination will be offered through a long-term leasehold framework under Maldivian law, of up to 99 years, transferable and inheritable, with every transfer subject to Government approval and registration.
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The development is expected to broaden the Maldives’ tourism offering, creating new reasons to visit, stay longer, return and invest, while attracting new international visitor segments and further strengthening the country’s position as one of the world’s most desirable tourism and lifestyle destinations.
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