Sixty-two Baccarat-branded residences across five interconnected private islands in the South Malé Atoll, 40 minutes by boat from Velana International. Two- to four-bedroom beach and golf residences with private pools, operated by Starwood Hotels, with a soft opening expected in Q4 2027.
Sixty-two Baccarat-branded residences across five interconnected private islands in the South Malé Atoll, 40 minutes by boat from Velana International. Two- to four-bedroom beach and golf residences with private pools, operated by Starwood Hotels, with a soft opening expected in Q4 2027.
A five-island resort estate of more than 130 acres in the South Malé Atoll, wrapped around its own shallow-water lagoon and reef. Fifty hotel villas sit alongside 62 private residences for sale — Phase 1 releasing 52 beach and golf residences of two to four bedrooms, each with its own pool, with a collection of water villas to follow in Phase 2. Architecture is by HKS with interiors by 1508 London, and the resort is operated by Starwood Hotels under the Baccarat brand. Owners take a registered villa leasehold title aligned to the head lease expiring in 2065, expected to extend to roughly 90 years once the agreed 49-year extension is secured — at no cost to the villa owner. Stage payments are held in escrow and released against third-party sign-off.
- ◆ 62 private residences · Phase 1 is 52 beach & golf villas
- ◆ Five interconnected islands · 130+ acres
- ◆ 40 minutes by boat from Velana International
- ◆ Architecture by HKS · interiors by 1508 London
- ◆ Operated by Starwood Hotels · Baccarat brand
- ◆ Leasehold to 2065, extending to c.90 years
- ◆ Reclamation commenced Feb 2026 · Royal Boskalis
Inside the residences
See it in motion
A life fully serviced
Golf Course
Short-hole course with its own clubhouse.
Marina
Private marina within the estate.
Spa & Wellness
Spa, gym, tennis, padel and volleyball.
Seven Restaurants
Specialty dining, all-day dining and a crystal bar.
Beach Club
Beach club on the main island.
Retail & Kids' Club
Baccarat boutique, beach shop and kids' and teens' club.
Structured around you
The investment case
Developer's illustrative model for a 2-bedroom villa at $5,137,400, based on 45 owner nights and 320 rental nights a year: a 7.1% average cash yield over the first ten years, net of the 10% Maldives withholding tax. The 15.6% is the developer's “return on life” — it adds the imputed value of those 45 owner nights, which is a benefit in kind, not cash. Capital appreciation is not modelled. Owners receive 50% of rental revenue after a 10% management fee and pay 1.5% a year in owner costs. Illustrative only — there are no guaranteed yields. See the full Maldives tax & returns guide →
