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Dubai’s FAM Holding launches $217m Maldives resort project

Dubai-based FAM Holding PSC Group announced the launching of Al Mahra Maldives Resort, its luxurious hotel residential project in the Maldives, on Monday.
The project, which will receive investments of about AED 800 million (USD 217.8 million), is deemed one of the latest real estate development projects to be launched by the group, and its first real estate expansion outside the UAE.
This launching came on the margin of the 30th version of Arabian Travel Market 2023, which is being held in the Dubai World Trade Centre, from Monday to Thursday.
“Through Al Mahra Maldives touristic resort project, FAM Holding Group aims to expand in the real estate investment outside the UAE for the first time, and strives to tap into the Maldives, particularly that this archipelago currently witnesses a remarkable growth, as it became the bucket list destination for many travel & tourism lovers all over the world, to bask in its pristine beaches, virgin nature, serene lifestyle, and smiling faces of the locals, a matter which makes it an ideal oasis for tranquility and relaxation,” Dr Faisal Ali Mousa, the Chairman of FAM Holding Group, said.
Mousa noted that Al Mahra Maldives resort will be established on an island with an area of 100,000 square metres, and will comprise 150 hotel units and chalets, including 100 overwater villas. He added that each unit in the resort will include a private swimming pool.
“The project will also comprise 40 beach villas, including 10 which will be earmarked for VIPs, as well as 3 restaurants, one spa, and gym. Moreover, the resort will feature all aquatics”, Mousa advised.
“The Maldives was selected, as it is a global touristic destination that the people of Arabian Gulf, Asians and Europeans visit. Moreover, the majority of famous trademarks and big touristic companies have a presence there, not to mention the fact that the UAE is one of the biggest Middle Eastern investors in the Maldives, and its investments there cover many sectors, particularly tourism & transportation.”
He underlined the fact that the Maldives offers unprecedented investment facilitations and incentives for easing the business doing, a matter that stimulates the flow of touristic investments on continuous bases. Mousa also indicated that the rise in touristic flow to the Maldives encourages the launching of new touristic projects to exploit the huge demand.
“The building works in Al Mahra Maldives will kick off after three months and will continue for two years and half, while the finishing of works and handing over the project are scheduled for the mid of 2025,” Mousa said.
“FAM Holding Group decided that the US $ will be the currency of payment for buying in Al Mahra Maldives, as the project will be marketed on a global scale, including the UAE, and there will be marketers for the project in Europe, Asia, China, India, Russia, and the USA, this is why the US $ was chosen as the settlement currency.
“The new project will attract tourist from all over the world, and will contribute to integration with the other projects of FAM Holding Group inside and outside the UAE”, Mousa added.
“The project is deemed the extension of the trademark, Al Mahra, which is owned by the Group, and it’s expected to be launched in other countries, as Al Mahra Resort in Al Marjan Island, Ras Al Khaimah met a huge success. This is why the Group aims that this Resort be a global touristic trademark, which is spread inside and outside the UAE”, Mousa noted.
He expected that the group will launch other projects soon, one of them in an Arab Gulf country, while another on in an African country. Mousa stated that these projects will not be announced before obtaining all the needed approvals.
“We look for the global markets, as the status of FAM Holding was converted from LLC into PSC. The company strives to open new markets besides the UAE one in Africa, East of Asia, and the Arabian Gulf”, Mousa concluded.
FAM Holding is one fastest growing real estate development companies in the UAE, and it focuses upon the development of qualitative properties against affordable prices to target the middle-income categories, with payment facilitations up to 6-10 years, a matter which enabled the company to attract a wide base of local and expatriate investors who wish to tap into the qualitative opportunities offered by the real estate sector.
The group seeks to upgrade its activities and operations in a manner which strengthens its role in supporting the march of economic development in the UAE, and increases the sources of its income. In the context of its long-term strategy, the group plans to expand in several markets in the region.
Featured
W Maldives to host ‘The Joy Rituals’ wellness programme in September 2025

W Maldives will introduce The Joy Rituals, a two-week wellbeing programme in collaboration with Happy Hormones Yoga founders Rajendra Kumar and Katrin Berger. Scheduled from 15 to 27 September 2025, the initiative will feature yoga, meditation, laughter, and sound healing sessions designed to encourage guests to reconnect with their inner energy while experiencing the natural surroundings of the Maldives.
The programme includes sunrise and sunset yoga, breathwork and meditation, laughter yoga, immersive sound healing, and lectures on health and happiness. Aqua Yoga in the lagoon and evening meditations under the stars will provide distinctive experiences. The schedule coincides with World Wellness Weekend, held from 19 to 21 September 2025, aligning the resort’s programme with global wellbeing initiatives.
Rajendra Kumar, a two-time world record holder and gold medallist in yoga, is recognised for his focus on laughter and presence in practice. His record for continuous laughter lasting three hours and 47 minutes reflects his approach to joy as a form of self-discovery. Katrin Berger, a certified yoga teacher, sound healer, and molecular biologist, integrates science and spiritual practice in her sessions, combining sound healing with yoga to encourage balance and connection.
Commenting on the collaboration, Amila Handunwala, General Manager of W Maldives, said, “At W Maldives, we are constantly looking for bold and inspiring ways to elevate the guest experience. The Joy Rituals with Happy Hormones Yoga brings a fresh dimension to wellness, blending the playful spirit of W with transformative practices. It is a chance for our guests to find balance, energy, and joy in one of the world’s most breathtaking settings.”
Rajendra Kumar added, “Yoga is not only about physical postures, it is about living fully, freely, and with a smile. Through The Joy Rituals, we want to remind people that laughter and joy are powerful tools for healing and awakening. Bringing this philosophy to W Maldives feels like the perfect match of spirit and setting.”
Katrin Berger also shared, “Our work is about creating harmony in both body and mind. With sound healing and yoga, guests can release tension, restore balance, and feel more present in their lives. At W Maldives, surrounded by nature and beauty, this experience becomes even more profound. We are thrilled to share The Joy Rituals with guests from around the world.”
Guests may book the Stay, Dine, and Fly package, which includes daily breakfast, a three-course dinner, and roundtrip seaplane transfers. The programme offers visitors an opportunity to engage in two weeks of movement, laughter, and wellness in a Maldivian island setting.yog
Excursions
Marine encounters: spinner dolphins at Canareef Resort Maldives

At Canareef Resort Maldives, one of the most popular experiences for guests is the dolphin tour. The abundant presence of dolphins in the surrounding waters ensures that each cruise offers a remarkable encounter with these marine creatures, creating lasting memories for visitors.
Every dolphin tour at Canareef provides an opportunity to observe pods of dolphins gliding and leaping across the waves. Guests often describe the sight of spinner dolphins darting through the clear ocean as a defining image of the Maldives’ natural marine beauty.
Morning cruises and sunset tours alike are guided by experienced staff, who share insights as dolphins appear in their natural environment. Many guests recount moments when dolphins swim alongside the boat, a spectacle that creates a unique sense of connection.
The activity is regarded as more than just an excursion; it is considered a celebration of nature and a highlight of a stay at Canareef. It allows guests to experience the Maldives in a way that underlines why dolphins are seen as ambassadors of the islands.
For travellers seeking encounters with dolphins amid turquoise waters, Canareef presents an ideal opportunity. The resort also offers seasonal promotions, including early booking discounts for the remainder of this summer, next winter, and summer 2026.
Featured
Maldives beaches rated among world’s best for rest and rejuvenation

Following a rise in searches for ‘calmcations’, long-haul travel specialists Travelbag have revealed the best destinations for a tranquil escape in 2025, with the Maldives named among the world’s most serene beachside getaways.
According to Travelbag, 72 per cent of British travellers go on holiday to relax and recharge, while 47 per cent seek experiences that help them feel more grounded and mindful. Searches for the term ‘calmcation’ – holidays focused on peace, quiet, and switching off – have doubled in the past three months, reflecting a growing shift away from busy itineraries towards more restorative travel.
To identify the most relaxing destinations, Travelbag analysed 36 global locations and ranked them against key serenity indicators, including noise and light pollution, cleanliness, the quality of green spaces, and local travel congestion.
Queenstown, New Zealand, secured first place as the world’s ultimate destination for tranquillity. Framed by the Southern Alps and Lake Wakatipu, the town recorded exceptionally high scores for cleanliness (91.7) and quality of green spaces (94.4), alongside low levels of travel congestion and minimal noise and light pollution.
The Seychelles followed in second position, celebrated for its unspoiled natural beauty and exceptionally low noise and light pollution score of 16.7. Its islands, including La Digue, Praslin and Silhouette, remain havens of peace and natural charm.
Cairns, Australia, rounded out the top three, combining tropical serenity with well-maintained green spaces and an impressive cleanliness score of 69.6.
Also ranking among the top global destinations is the Maldives, long regarded as one of the world’s premier escapes for those seeking peace and seclusion. With its iconic turquoise waters, pristine beaches, and private island resorts, the country continues to attract travellers in search of restorative experiences.
According to Travelbag’s analysis, the Maldives achieved an impressive average beach rating of 4.63, placing it alongside the world’s leading beachside destinations. Beaches such as Bikini Beach, Baros Beach, and Reethi Beach were highlighted as examples of the country’s serene appeal.
Danny Hugill, Destination Executive for the Maldives at Travelbag, commented: “The Maldives is one of our most cherished destinations – an idyllic collection of tiny islands that offer unmatched opportunities to unwind. Long celebrated as a top honeymoon destination, it remains the ultimate place to escape, slow down, and enjoy the tranquillity of nature.”
The findings underline the Maldives’ continued appeal in a market increasingly shaped by wellness, mindfulness, and relaxation. While destinations such as New Zealand and the Seychelles excel in specific indicators of serenity, the Maldives’ unique combination of luxurious seclusion, natural beauty, and consistently high-rated beaches ensures its position as a global ‘calmcation’ favourite for 2025.
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