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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.
This October, SO/ Maldives alters the world’s most iconic beer festival into a chic island activation, blending Bavarian tradition with the resort’s signature flair for fashion-led experiences. Guests are invited to trade their lederhosen for linen and toast to Oktoberfest in true Maldivian style with Bratwurst & Beats by the Beach, a one-night-only beachfront celebration at Lazuli Beach Hut on Sunday, 5 October 2025, from 7 PM to 10 PM.
As the waves set the rhythm, the evening unfolds with a Bavarian-inspired BBQ featuring bratwurst fresh from the grill, golden pretzels, tangy sauerkraut, and all the authentic fixings paired with unlimited free-flowing beers. Once the sun melts into the horizon, a live DJ takes over, layering energetic beats with the island’s natural soundtrack. More than just a feast, the activation brings together community, culture, and celebration in a way only SO/ Maldives can deliver.
Nestled in the vibrant Emboodhoo Lagoon, SO/ Maldives is a private island playground where avant-garde design meets barefoot luxury. The resort’s 80 beachfront and overwater villas are crafted for open-plan living, each complete with a private pool and sweeping ocean views. Designed across eight categories, including spacious two- and three-bedroom villas, SO/ Maldives offers stylish sanctuaries for couples, families, and groups seeking a fashionable island escape.
The culinary journey at SO/ Maldives is as bold as its design. Guests can explore three distinct dining destinations: The Citronelle Club, an oceanfront venue serving Pan-Asian delights with a European twist; Lazuli Beach Club, a sun-kissed Mediterranean-inspired lounge radiating Côte d’Azur vibes; and Hadaba, the signature Levantine restaurant where smoky delicacies meet endless sea views.
Wellness and play are equally celebrated at the resort. Spa is a sanctuary of rejuvenation featuring Vichy rainforest showers, steam and sauna rooms, and a fitness sphere with panoramic ocean vistas. Families are drawn to The Nest Kids Club and The Zone games lounge, while explorers dive into the watersports hub for island adventures on and beneath the waves.
“Oktoberfest is all about bringing people together, and at SO/ Maldives we love adding our own fashionable twist,” said Olivier MOIES-DELVAL, General Manager of SO/ Maldives. “Imagine celebrating with bratwurst and beer on a white sandy beach, with music, laughter, and the Maldivian sunset it’s an Oktoberfest you’ll never forget.”
The Maldives has once again been recognised as the leading spa destination in the region, having secured the title of Indian Ocean’s Best Spa Destination 2025 at the World Spa Awards.
The award reaffirms the Maldives’ standing as a wellness and spa destination, offering experiences that combine natural surroundings, luxury hospitality and holistic wellbeing. Alongside the national accolade, several Maldivian resorts were also honoured in various categories at this year’s ceremony.
The Maldives has a strong record at the World Spa Awards. In 2016, the country was named World’s Best Spa Destination for the first time, and regained the global title in 2018. In the same year, it was also awarded Indian Ocean’s Best Spa Destination, a title it has retained on multiple occasions, most recently in 2024 at the 10th Annual World Spa Awards. These consistent achievements highlight the Maldives’ role in leading wellness tourism, as it continues to attract visitors seeking relaxation and rejuvenation in a distinctive natural setting.
With wellness and experiential travel among the fastest-growing tourism segments worldwide, the Maldives continues to integrate wellness into its resorts, retreats and cultural experiences, further strengthening its global appeal.
Barceló Nasandhura marked World Wellness Weekend 2025 with a programme of rejuvenating experiences in collaboration with Wellness by Mandara. The celebration, held on Saturday, welcomed guests and visitors to a day centred on relaxation and self-care.
The schedule included a range of wellness-focused activities, from welcome drinks and skincare consultations to interactive sessions, product demonstrations, and giveaways, creating an engaging and restorative atmosphere for participants.
The event reflected Barceló Nasandhura’s commitment to encouraging a holistic lifestyle, providing both guests and the wider community with opportunities to take part in wellness-oriented experiences.
Wellness by Mandara, located within Barceló Nasandhura, is open daily from 10:00 AM to 10:00 PM. The spa offers a wide selection of treatments and therapies designed to relax, rejuvenate, and restore balance, alongside monthly promotions that provide exclusive offers on treatments and wellness experiences throughout the year.
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