Maldives Overwater Villas
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DAMAC Properties appoints Aima Construction for the main works of its 120-villa Maldives Island Resort

The contract, valued at approximately AED 544 million, was awarded by DAMAC to commence construction on a series of resort accommodations, which will extend across three private islands in one of the world’s premier tropical luxury destinations.

Source: https://www.zawya.com/en/press-release/companies-news/damac-properties-appoints-aima-construction-for-the-main-works-of-its-120-villa-maldives-island-resort-jo47m8na?amp=1

Vaavu Atoll will build a new floating resort linked to it's current villa's and resorts

An agreement has been signed to build an overwater resort or floating resort in V. atoll. The agreement was signed by a joint venture between the Vaavu Atoll Council, Levini Hotels and Resorts, and a foreign company. The company was first registered on August 16 this year, according to the business registration of the Ministry of Economic Development.

Sujau further said the floating resort would be completed within three years. The project will include 40 villas, with each villa estimated to cost between MVR 1.3 million and MVR 1.4 million.

Source: https://avas.mv/en/123411

Luxury Italian brand Bulgari will open a new private island resort in the Maldives. Scheduled to arrive in 2025, Bulgari Resort Ranfushi will be the newest addition to the Indian Ocean holiday hotspot and Bulgari Hotels & Resorts' 13th destination.The Italian-designed, all-villa resort will be located on Raa Atoll, just a 45-minute sea plane ride from Male and its international airport.

Spread across 20 hectares with endless ocean views, the resort will have 33 beach villas with private pools, 20 overwater villas and an exclusive Bulgari Villa that's set on its own private island with uninterrupted ocean vistas.

The Bulgari Resort Ranfushi will have four gastronomic experiences, including Il Ristorante — Niko Romito. Curated by Chef Niko Romito, this upscale Italian twins with the outpost of the same name at Bulgari Resort Dubai, one of only two restaurants in the emirate to receive two Michelin stars in the recently launched Michelin Guide.

Chinese fine-dining will be on offer at Bao Li Xuan, sister restaurant of the two Michelin-starred restaurant at Bulgari Hotel Shanghai. La Spiaggia will serve Italian beach food and Hoseki, the one Michelin-starred Japanese concept originating in Bulgari Resort Dubai, is also scheduled for the resort.

Relaxed glamour will be on the menu at the resort's Bulgari Bar, and there's also a spa, fitness centre, yoga pavilion and a private library. Retail therapy can be found at the Bulgari boutique and La Galleria, a concept store where guests can find a selection of curated items from international designers.

Source: https://www.thenationalnews.com/travel/hotels/2022/07/01/bulgari-to-open-luxury-villa-resort-in-the-maldives-with-private-island-residence/

Emerald Faarufushi Resort & Spa Maldives-

The Emerald collection has announced its expansion with the acquisition with the Emerald Faarufushi resort & spa, set on a seven-hectare private island in Raa Atoll, and framed by an extensive lagoon of 100-hectares, it will open on May 1,2022 and is currently in the process of affiliating with the leading hotels of the world.


The island has 80 villas, split into six different categories: Beach villas (10) , family villas with pool (17), water villa with pool (3) and one Presidential villa located on the beach.

The resort will have five restaurants and two bars to choose from, as part of its signature "Deluxe All-Inclusive" packaging.The signature Italian restaurant, Mediterraneo, and Eclipse bar both located on the resorts jetty, with the former serving Italian dishes, and the latter serving cocktails and aperitifs.

The resort will offer extensive water sports facilities and diving at the five-star Diving Centre, where the guests can achieve PADI license. A dedicated Dolphin kids club is under construction and will comprise complimentary indoor and outdoor facilities for children aged 3 to 12.








Sources: https://connectingtravel.com/news/emerald-collection-expands-maldives-portfolio

It seems like this project was on hold due to Covid for some time and so the expected launch date has moved from 2021 to 2022.

According to latest news from Corporate Maldives, Bison Maldives (a major resort construction company in Maldives) signed a contract with Dutch Docklands Maldives in mid of February for the construction of the first homes in Maldives Floating City — a new, floating development of 5,000 homes being constructed in a lagoon five minutes speedboat ride from Male’.

The first houses will be ready after Ramadan, and tours for members of the public will commence shortly afterwards. The houses are being constructed locally, to specifications designed by engineers from the Netherlands.

The founder of Bison Maldives Abdul Majeed has confirmed the cooperation in this project and trusts that first houses for this exciting and innovative development will be delivered on time.

https://corporatemaldives.com/bison-maldives-signs-contract-with-dutch-docklands-maldives-to-build-first-homes-in-floating-city/

Maldives Floating City Project (MFC)

This project was supposed to launch in September 2021 and in 2022 the real constructions were supposed to begin, according to their press release. Press release link to pdf file: (https://maldivesfloatingcity.com/wp-content/uploads/2021/03/20210314-Press-release-MFC-ENGLISH-N.pdf)

Their website has never been updated since 2021 and I didn’t find any mentions in any articles about the launching of this project. None of the updates were found on the official Instagram, Facebook, YouTube, or Twitter since 2021.
Website: https://maldivesfloatingcity.com/

The project is probably postponed due to covid restrictions. On the Dutch Docklands website (http://www.dutchdocklands.com/Development/Maldives), I didn’t find any updates as well. The project didn’t announce any proper deadlines or postpones.

Also, the local is saying “there have been no real movements”. Found this comment under the YouTube video about this project, so it is not a reliable source. However, due to the whole research, I can tell that it looks like the truth.

"I'm from Maldives, and I'm personally linked to the government and the Parliament, as well as some of the most economically influential people in the country. This has maybe been talked about, but there has been no real movements, you also might want to get the information on the local economy checked out, its inaccurate, try to talk to someone that knows the subject matter personally if you can. And I wouldn't trust Mohamed Nasheed, a charismatic and shrewd as he is, but he has been tripping over himself for years."

Replied to his comment and tried to find him on social media, texted him everywhere, but still no reply. If there will be any chance to talk with him and get more info, I will definitely update my post.

YouTube link: https://www.youtube.com/watch?v=b9uATQjNqho

The atoll nation of Maldives is creating an innovative floating city that mitigates the effects of climate change and stays on top of rising sea levels.

The first-of-its kind “island city” will be based in a warm-water lagoon just 10 minutes by boat from the capital Male and its international airport. Real construction is planned to start in 2022 and according to forecasts, the floating city is expected to be finished by the second half of the decade.

"The project foresees an area of ??about 200 hectares, where buildings will rise directly on the water and where there will be not only houses, but also hotels, restaurants and trendy boutiques. There will also be a school and a hospital.”
“With the start of the works, sales will open. It will be possible to buy lots starting from 250 thousand dollars (roughly just over 200 thousand euros), for a house of about 300 square meters, with a roof terrace and inevitable sea view.”

Sourse: https://www.friendsfortheearth.com/in-september-work-begins-on-the-maldives-floating-city-the-first-floating-city-in-the-world/

Tripadvisor 5/5 – Booking.com 9.2/10






You can get this overwater villa from $837/night, breakfast included:
http://www.offhotels.com/vakkaru

Tripadvisor 5/5 – Booking.com 9.7/10






You can get this overwater villa from $4,815/night, breakfast included:
http://www.offhotels.com/waldorfastoriaithaafushi

Tripadvisor 5/5 – Booking.com 9.9/10






You can get this overwater villa from $3,656/night, breakfast, lunch and dinner included:
http://www.offhotels.com/kudadooprivateisland