Dubai Career Diary

Dubai-based Metropolitan Premium Properties has announced its expansion into the Maldives property market, catering to international investors seeking prestigious second homes or additions to their portfolio.

The Maldives’ Natural Beauty and Privacy

The Maldives attracts global investors drawn to its breathtaking beaches, crystal-clear waters, and seclusion. Property prices in this island nation start from $4.35 million.

Dubai Office for Convenient Access

To serve customers across regions, Metropolitan has opened an office in Dubai, providing easy travel to the Maldives and convenient access to potential buyers.

A Top Destination for Luxury Investments

The Maldives real estate sector, only allowing ownership for two years, has become a top destination for luxury vacation investments, rivalling Bali and Zanzibar. “We are excited to venture into this market that offers unparalleled beauty alongside a compelling investment proposition that is captivating investors globally,” said Metropolitan Premium Properties CEO Nikita Kuznetsov.

Luxury Developments and Partnerships

The company has partnered with four major developers on projects offering luxurious amenities like Michelin-starred dining and private beaches. Developments include Mandarin Oriental Maldives and Baccarat Maldives, with prices ranging from $4.35 million to $45 million, set for completion by 2026.

High-Profile Properties and Strong ROI

“Besides the beautiful white sandy beaches and pleasant climate all year round, buyers are drawn to the Maldives due to the high-profile properties and the potential for significant return on investment,” said Galyna Galytska, Head of Sales – Maldives at MPP. “By using their villa for their family holidays, owners can save a significant amount over the years, avoiding the high costs of premium accommodation. Additionally, when not in use, these villas achieve a strong cash yield through rentals, starting at an impressive $2,000 per night.”

Target Markets and Price Projections

Major investor markets include Hong Kong, China, Russia, Europe, and the United States. Many seek both an investment and a luxury second home. The company expects a minimum 25% price increase for off-plan units and regular 10% annual rises for established properties.