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Maldives Promoting 50 Year Foreign Ownership

Category: Real estate, Posted:07 Jan 2011 | 06:00 am

Damn the torpedoes and concerns about global warming. The Maldives which is pegged by some scientists to be sharing space with Nemo at an unknown point down the road is taking a long term view on attracting property investment.
Liberalization has meant long term 50 year renewable leases are now available to overseas buyers back of the new Maldives business-minded Government regime.
Hospitality led residential offerings from upscale brand such as Banyan Tree, and Six Senses are seeing new product rollouts of luxury offerings.
While its early days for the Maldives real estate sector, branded residential products are continuing to skyrocket in the cash rich region.

Other News

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C9 Hotelworks Releases New Phuket Hotel Market Update Report

Category: Hotels|Tourism, Posted:16 Mar 2023 | 00:29 am According to C9 Hotelworks new Phuket Hotel Market Update 2023, the resort island’s tourism recovery has accelerated over the past six months. With the removal of Thailand’s pandemic travel restrictions in 2022, airlift quickly ramped up as India and Malaysia were key early source markets. Over the current winter season aside from the return of […]
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Destination Ink Radisson For Patong Hotel

Category: Hotels, Posted:12 Mar 2023 | 23:16 pm Phuket’s hotel brand conversion trend is continuing, with the latest move having Radisson sign a deal for a 390-room hotel in Patong. Owned by the Destination Group, the property will be branded as a Radisson. This is the fourth recent conversion by Destination with one more Radisson and two Holiday Inns by IHG. Expect more […]
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Hilton Phuket Arcadia Reflagged To ACCOR’s Pullman Brand

Category: Hotels, Posted:03 Mar 2023 | 07:35 am One of Phuket’s largest hotels, the 662-room Hilton Phuket Arcadia Resort has been reflagged under ACCOR’s Pullman brand. The hotel, which will be named Pullman Phuket Arcadia Karon Beach Resort will operate as a Pullman effectively in April of this year, and a staggered 24-month refurbishment program undertaken. With this addition, there will be three […]
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