3 bedroom villa 198 m² Malé Atoll, Maldives

Beach Villa 2BR from 4,999,000 USD - yield 10% - 12% per annum

Zamani Islands Maldives: luxury real estate in the Maldives

The Zamani Islands project – 8 islands, 3 resorts, 70 hectares in South Malé Atoll – has three investment products. Junior Suite for $999,000 with a guaranteed income of 7% - for a passive investor. Mansion and Private Estate from $17.5 million for the ultra-premium segment. And there is a mid-level: Beach Villa and Water Villa in Vibrant Resort - villas with 1-2 bedrooms, a private pool and direct access to the beach or lagoon.

This analysis is about the two-bedroom segment: what the investor gets for $5-5.7 million, how the layouts are arranged, how Beach Villa differs from Water Villa and how the profitability is formed.

Line of double villas: prices and characteristics

Beach Villa 2BR - on the beach

• Price: from $4,999,000
• Building area: 198.7 m2
• Useful area (carpet area); 163.8 m2
• Plot: 1,100 m2
• Bedrooms: 2
• Bathroom: 2+ Guest Powder Room
• Access: Direct access to the beach

Water Villa 2BR - over the lagoon

• Price: from $5,299,000
• Building area (interior): 198.7 m2
• Useful area (carpet area): 163.8 m2
• Total area (with decks and pool): 645.4 m2
• Outdoor areas (decks, terraces, pool): 446.7 m2
• Bedrooms: 2
• Bathroom: 2+ Guest Powder Room
• Location: On stilts above the lagoon
• Access: Direct access to water, hammock deck over the ocean

Planning: how 198.7 m2 are arranged

Both villas – Beach and Water – have identical interior layout. The difference in outdoor areas: Beach Villa has a plot of 1,100 m2 with a garden and a beach, Water Villa has spacious decks above the lagoon.

Indoor premises

• Living room 45.8 m2
• Kitchen 6.8 m2
• Master bedroom 31.7 m2
• Master bath 16.2 m2
• Guest bedroom 31.4 m2
• Guest bathroom 16.0 m2
• Foyer + powder room
• Staff room with bathroom.
• Total interior 198.7 m2

Beach Villa open areas

• Dec 131.9 m2
• Rest area (sunken lounge) 31.7 m2
• Private pool infinity 84.1 m2
• Open shower 22.0 m2
• Beach boar 16.6 m2

Water Villa open areas

• Total open area 446.7 m2
• Infinity private pool included
• Hamak-deck over the ocean turned on
• Panoramic terraces included

Water Villa has a total area of 645.4 m2, which is almost three times more than Beach Villa. Surface location allows you to create more large-scale decks, as it is not limited to the land.

Maldives Market: Why Now

2025 was a record year in the history of Maldivian tourism.

• Tourist arrivals 2,246,516 +9.8%
• Tourist income $5.4 billion +15.8%
• Average occupancy rate 58.3% stable
• Peak (February) 77.9%

ADR (average price per night) in the top resorts of the Maldives exceeds $ 1,000. Investments from the UAE in the Maldivian market exceeded $3 billion until 2030, and yields for the ultra-premium segment reach 20%.

Project infrastructure

• Superyacht marina - the first in the Maldives, attracting the highest-spending visitors
• Yacht club with full service: team, provisioning, maintenance
• Medical Wellness Spa - the first brand in the Maldives, Swiss Medical Wellness
• 7 restaurants on the territory of the resorts
• 800 meters of beach with white sand
• Entertainment: arcade, cinema, bowling, paddle tennis courts
• Water sports, diving, snorkeling
• Boutiques and shops
• 100% renewable energy is the first resort in the Maldives with full power from BIPV solar technology
• Net Zero buildings, hydroponic vertical farms
• Coral restoration program on ~70 hectares

Property rights and taxes

Strata Title – How it Works

Foreigners cannot own land in the Maldives on the right of freehold. The purchase is made through a strata title, a long-term sublease agreement (up to 99 years), registered with the Ministry of Tourism under Regulation 2023/R-154.

• Form of ownership Strata lease (subtenance under the head lease of the resort)
• Up to 99 years (depending on the project)
• Ministry of Tourism, Strata Title Registry
• Transfer can be sold, inherited, delivered
• Stamp duty No (abolished)
• Property tax No
• Registration fee MVR 5,000 (~$325)

Ownership and lease taxes

• TGST (Tourist VAT) 17% With rental income through the resort (from July 1, 2025)
• Green Tax $12/person/night With guests included in bill
• Personal income tax 0% No.
• Capital gains tax 10% withholding C gross selling price for non-residents
• Inheritance tax 0% No.

Important: with a guaranteed income of 7% (Junior Suite), taxes and fees are already taken into account in the calculation - income is indicated as net. With the Vibrant, TGST 17% and Green Tax reduce ownership.

Implant

Buying real estate in the Maldives does not give automatic residence permit. The government, in partnership with Henley & Partners, is developing a residency-by-investment program (launched for 2026), but it is not yet open.

Strategies of entry: who is suitable

Junior Suite for Passive Investor

• An investor with a horizon of 7-10 years who seeks fixed cash flow in dollars without operating participation. Maths: $999,000 → $70,000/year → $700,000 over 10 years + buyback option

Vibrant villas – for a profitable investor

• An investor who is willing to accept market risk for potentially higher returns (10–12%). Suitable for those who want to personally use the object and at the same time hand it over through the management company of the resort.

Mansion and private estates - for the ultra-premium segment

• An investor with a budget of $25 million, interested in a status asset with a unique infrastructure (a jetty, a private spa, his own cinema). Capital growth in this segment is formed due to the lack of supply and brand value.

Zamani Islands is one of the few projects with guaranteed returns in dollars and a buyback option.

Want to get a full package of documents, planning or calculation of profitability for your budget? Write - we will send the current price, Junior Suite and Vibrant terms, and help you choose a product for your investment strategy.