Villa Male, Maldives, 95 m²

Beach Villa 1BR from $2,199,000 - yield 10% - 12% per annum
Water Villa 1BR from 2,399,000 USD - yield 10% - 12% per annum

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 most popular segment of Zamani Islands: what the investor receives for $ 2.2-5.3 million, how the profitability is arranged, how Beach Villa differs from Water Villa and why this product is the optimal balance of price, rental potential and personal use.

Vibrant Resort: The Third Resort in Zamani Islands

Vibrant Resort is the largest of the three resorts of the project in terms of the number of residences. Located in the center of the Zamani archipelago, it occupies three islands with a total area of ~25 hectares.

Composition of Vibrant Resort:

• 199 private residences and hotel villas
• 82 Beach Villas with 1 bedroom on the beach
• 76 Water Villas with 1 bedroom - on stilts above the lagoon
• The rest - hotel rooms and 2-bedroom residences

The resort is designed as a lifestyle, not just a place of sleepover: music and art are integrated into the territory, 28 restaurants and bars, Michelin-star chefs, an underwater restaurant, a tasting Wine Tower, a spa, a fitness studio above the water, tennis and paddle tennis courts, a children's club.

Villa line: prices and characteristics

Beach Villa 1 bedroom

• Price: from $2,199,000
• Building area: 92.5 m2
• Area: 750 m2
• Bedroom: 35.2 m2
• Living room: 28.3 m2
• Bathroom: 20.7 m2
• Decks: 66.5 m2
• Rest area: (sunken lounge) 16.8 m2
• Private pool infinity: 41.8 m2
• Additional: Outdoor shower, beach cabana, service area
• Access: Direct access to the beach

Beach Villa is a villa on a plot of 750 m2 with its own swimming pool, garden and direct access to white sand. Architecture - warm wood species combined with modern design, panoramic glazing from floor to ceiling, landscape design provides privacy.

Water Villa 1 bedroom

• Price: from $2,399,000
• Area: development 92.5 m2
• Location: On stilts above the lagoon
• Bedroom: 1
• In addition: Panoramic view of the ocean, direct access to the lagoon

Water Villa is the same building area as Beach Villa, but is located above the water. Direct access to the lagoon for swimming and snorkeling. The premium to the Beach Villa price is ~$200,000, which is explained by the higher cost of building on stilts and higher ADR when renting.

2 bedroom villas

• Beach Villa 2BR 198m2 from $4,999,000
• Water Villa 2BR 198 m2 from $5,299,000

Two bedroom villas are twice as large in terms of building area - 198 m2 against 92.5 m2. Suitable for family use and designed for a higher rent check.

Profitability: How income is generated

The forecast yield is 10-12% per annum (not guaranteed, estimated - based on the operating model of the resort).

What's behind the number

Unlike Junior Suite, where the income of 7% is fixed in the contract, Vibrant villas operate on an operating model: income depends on the actual occupancy and ADR of the resort.
Yield drivers:

• ADR at the top resorts of the Maldives - $ 1,000+ per night. Vibrant Resort is positioned in the premium segment with a unique infrastructure (superaht marina, medical spa, 28 restaurants), which maintains a high average check.
• 1 bedroom villas The most popular format for short-term rental in the Maldives: minimum entry price with maximum turnover
• Professional management The resort operator takes care of everything: marketing, booking, maintenance, staff, cleaning
• Supply deficit 199 residences for the entire Vibrant Resort, no new competitors in this segment in the Maldives

Mansion and private estates (Uber Luxury Resort)

• Mansion 4BR, area 1,731 m2, plot 3,200 m2 - $17,499,000
• Private Estate 6BR, 2,775 m2, plot 4,200 m2 - $31,499,000
• Private Estate Grande 8BR, 3,200 m2, plot, 8,870 m2 - upon request

The price of mansion and estates includes a lifetime berth for a yacht up to 50 meters and a lifetime membership in the yacht club.

Project infrastructure

• Super yacht 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 sub-lease 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 the bill
• Tax on personal income 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 listed as net. With the Vibrant, TGST 17% and Green Tax reduce ownership.

Important

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 for 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 berth for a superacht, a private spa, his own cinema). Capital growth in this segment is formed due to the lack of supply and brand value.

Zamani Islands One of the few projects with guaranteed returns in dollars and the option of buyback.
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.