Featured

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

Published

2 years ago

May 1, 2023

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.

Up Next

Coco Collection collaborates with University of Milano-Bicocca for marine conservation efforts

Don't Miss

JW Marriott Maldives Resort opens JW Garden

Featured

Celebrate love and friendship at JEN Maldives Malé by Shangri-La

Published

2 hours ago

February 9, 2025

m@ldives

This February, JEN Maldives Malé by Shangri-La invites guests to embrace love and friendship through ‘Threads of Love’, a series of thoughtfully curated dining experiences designed to celebrate love in all its forms.

At the heart of this celebration, the hotel’s expert culinary team has crafted an exquisite seven-course dinner, offering a symphony of flavours and romance. From intimate dining experiences to elegant high teas, JEN Maldives ensures a delightful way for everyone to celebrate love.

In tribute to friendship, JEN Maldives Malé by Shangri-La presents the Pink Galentine’s High Tea, available daily from February 7th to 14th. This beautifully curated experience features a delightful selection of sweet and savoury treats, perfect for celebrating the bonds of family and friendship.

On February 14th, guests are invited to indulge in a captivating Valentine’s dinner at Azur Restaurant, where they can enjoy an exquisite culinary journey accompanied by live music. Thoughtfully crafted to enhance the romantic ambiance, this special evening promises an intimate and unforgettable experience for couples.

Whether looking for the ideal setting to celebrate romance or a memorable gathering with friends and family, JEN Maldives Malé by Shangri-La offers the perfect backdrop, blending luxury with heartfelt hospitality.

Featured

Kuredu Island Resort’s curated Valentine’s Day celebrations

Published

6 hours ago

February 9, 2025

m@ldives

Kuredu Island Resort & Spa invites couples to celebrate the most romantic day of the year in a tropical paradise. With a selection of thoughtfully curated experiences, the resort sets the stage for unforgettable moments that embody love, passion, and connection. This Valentine’s Day, couples are encouraged to escape to the Maldives and indulge in an array of exclusive offerings designed to create lifelong memories.

Couples can enjoy an intimate dining experience under the starlit Maldivian sky at the pristine Sangu Sandbank. As the waves gently lap the shore and the cool ocean breeze enhances the ambiance, guests will indulge in a delectable meal in a setting of unmatched serenity and romance. This enchanting candlelight dinner promises to create an evening of unparalleled magic.

For those seeking a more laid-back yet equally romantic experience, the Romantic Beach BBQ offers the perfect option. Set against the backdrop of the tranquil Maldivian shoreline, this private dining experience features a delightful BBQ feast, complemented by two glasses of sparkling wine per person. With the soothing sounds of the ocean and the glow of the evening sky, couples can enjoy a night filled with laughter, happiness, and togetherness.

Nothing says romance like a toast to love as the sun sets over the horizon. The Sunset Champagne Celebration is an exquisite experience where couples can savour a gourmet platter of cheese and canapés, paired with a free flow of champagne for one hour. Set in a breathtaking location, this experience allows guests to immerse themselves in the beauty of a golden Maldivian sunset while celebrating their special bond. At Kuredu Island Resort & Spa, every detail is designed to inspire connection and affection. From idyllic settings to personalised services, couples are guaranteed to find the perfect way to celebrate their love. With luxurious villas, world-class amenities, and unmatched hospitality, Kuredu offers an enchanting escape for couples looking to rekindle or celebrate their bond.

To enhance the romantic experience further, the resort provides additional activities such as spa treatments for two, private sunset cruises, and bespoke excursions that cater to the spirit of Valentine’s Day.

Featured

Jawakara Islands Maldives presents perfect Valentine’s Day celebrations

Published

6 hours ago

February 9, 2025

m@ldives

Jawakara Islands Maldives offers the ultimate destination for couples to celebrate love this Valentine’s Day, providing a variety of unique and unforgettable experiences that promise to make the day extra special. From romantic breakfasts to sunset picnics and undersea dining, Jawakara creates the perfect atmosphere for couples to share cherished moments together.

Couples can surprise their loved ones with a one-of-a-kind breakfast served on a floating tray in their private pool. With a curated selection of fresh pastries, tropical fruits, and sparkling beverages, this romantic breakfast provides the ideal start to a day filled with love and luxury, all while basking in the warm morning sun.

Set against the stunning backdrop of the ocean, this BBQ beach dinner offers an intimate dining experience where the waves meet the flames. Couples can savour a delectable meal, accompanied by live music, while celebrating their love under the stars in a breathtaking beachside setting.

For those seeking a more private and intimate celebration, the romantic dinner in a private cabana on the beach offers the perfect experience. Surrounded by candlelight, ocean breezes, and the sound of waves, this intimate setting creates an unforgettable evening in paradise.

Couples can escape to a secluded sandbank for a peaceful and intimate 2-hour picnic. Surrounded by crystal-clear waters and untouched nature, they will enjoy each other’s company in a tranquil and picturesque setting, creating lasting memories together.

Indulging in a luxurious couple’s spa journey, couples can enjoy aromatic cocoa extracts that nourish and hydrate their skin. This rejuvenating experience is designed to promote relaxation, intimacy, and well-being.

For a truly unforgettable Valentine’s Day, couples can enjoy an exclusive private breakfast at the world’s largest all-glass undersea restaurant, located at the sister property, Hurawalhi Island Resort. Alongside hearty meals, Champagne, and breathtaking views of the ocean’s depths, couples can also indulge in a delectable 5-course lunch, paired with stunning views of the reef. For an evening to remember, they can savour a tantalising 7-course dinner, curated by Executive Chef Edouard Laurent Deplus, while surrounded by the beauty of marine life. Each of these experiences promises a magical and intimate celebration under the sea.

After a day of romance and adventure, couples can end the evening with a night of music, dancing, and cocktails at Bonthi Bar. Jawakara’s special Valentine’s DJ night invites couples to dance under the stars, creating memories that will last a lifetime.

Jawakara Islands Maldives invites all couples to celebrate this Valentine’s Day in true paradise style. With exclusive experiences designed to indulge the senses, Jawakara is the perfect place to create lasting memories with the one they love.