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Six Senses Transfers First Maldives Residential Lease

Author: Bill Barnett. Category: Real Estate. Posted: 17th Jun 2011

The first leasehold residential property that has been transferred on a leasehold basis in the Maldives has sparked interest in the islands property market.

A three bedroom hotel managed unit at Soneva Fushi, which transacted to a French national sold for USD7 million dollars has been officially registered

Last year the country enacted legislation in order to allow foreign property ownership to a maximum of 50 years in order to stimulate the local economy.

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