Maafushi Land Plots Up for Grabs at Record Prices

Maafushi, a vibrant hub in the Maldives' tourism landscape, unveils a rare opportunity for investors as the local council puts six coveted land plots up for sale. Situated in the newly reclaimed area, these plots align with the island's strategic land use plan.
Spanning between 1,961.42 and 1,961.48 square feet, these parcels of land promise lucrative investment prospects in one of the Maldives' most sought-after destinations.
With bidding starting at a staggering MVR 2,000 per square foot, Maafushi sets a new standard for real estate prices beyond the capital, Male'. Interested parties must acquire bid documents priced at MVR 30,000 and submit a bid security of MVR 100,000.
Successful bidders will need to pay an initial advance of MVR 50,000, with the full bid amount due within 30 days of acceptance. The bid document purchase window opens from March 24 to April 24, with bid submissions slated for May 5. This announcement signals a landmark opportunity for investors eyeing Maafushi's thriving tourism potential.