Featured
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.
Celebration
Canareef Resort Maldives sets the stage for a memorable festive season
Canareef Resort Maldives is set to welcome guests to a magical festive season with a vibrant lineup of activities designed to create unforgettable holiday memories. From December 22, 2024, to January 1, 2025, the resort will be transformed into a holiday wonderland, offering a range of unique experiences that cater to guests of all ages.
The festivities will commence with an enchanting Christmas Tree Lighting ceremony, a heartwarming event that sets the tone for the celebrations. Guests will gather around the beautifully adorned tree, illuminated by twinkling lights, as they embrace the spirit of the season.
Throughout the holiday period, families can participate in a variety of exciting kids’ activities. From face painting to cookie and cupcake making, there will be something for every little one to enjoy. The joyful atmosphere will be further enhanced by delightful Christmas carols resonating throughout the resort.
A special treat awaits guests as Santa makes his grand arrival at Dhoni Beach. Accompanied by festive carols sung at the Dhoni Bar Deck, both children and adults will delight in this spectacle, capturing the magic of Christmas.
The resort’s culinary offerings will also be a highlight of the festive season. The Christmas Gala Dinner promises to be a memorable evening, featuring a live musician who will serenade diners in a festive atmosphere. Guests can also indulge in a delightful Christmas Brunch at Kilhi, where a sumptuous buffet brimming with seasonal delights will be served.
As the year comes to a close, the excitement will continue with a lavish New Year’s Eve Gala Dinner on December 31, followed by a vibrant New Year party featuring a lineup of exciting entertainment programs. Guests will gather to bid farewell to the past year in style, enjoying a night filled with fun, laughter, and joyful reflections.
The celebrations will carry on into the New Year with a delicious brunch on January 1 at Kilhi, providing a perfect start to 2025. Later in the day, guests can gather to welcome the first sunset of the new year with a spectacular sunset cocktail party at Meera Beach. A live band will set the mood as guests sip cocktails and savour light canapés, creating a perfect ambiance while watching the magical first sunset over the Maldivian horizon.
Canareef Resort Maldives invites guests to enjoy a festive season filled with happiness, laughter, and unforgettable moments. Whether relaxing by the beach, savouring exquisite cuisine, or participating in exciting activities, the holiday program promises to make this festive season truly memorable. Let the celebrations begin.
Awards
Angsana Velavaru wins prestigious accolades for sustainable tourism and guest experience excellence
Angsana Velavaru has announced its recent recognition at two esteemed industry awards, which reinforce the resort’s commitment to delivering exceptional experiences while leading sustainable tourism efforts in the Maldives.
The resort has secured a coveted position in Condé Nast Traveler’s 2024 Readers’ Choice Awards, ranking 16th among the 20 Best Resorts in the Indian Ocean. This prestigious accolade reflects the heartfelt support of valued guests and readers who appreciate the serene beauty, immersive experiences, and warm hospitality that define Angsana Velavaru.
In addition to this recognition, Angsana Velavaru has been awarded the title of Leading Eco-Friendly Hotel at the 8th edition of the South Asian Travel Awards (SATA), held in Kathmandu. This honour underscores the resort’s ongoing dedication to sustainable practices, from marine conservation efforts to eco-conscious guest experiences, ensuring that future generations can enjoy the beauty of the Maldives. Key initiatives include the planting of over 1,231 coral fragments, the complete elimination of single-use plastic bottles, and the upcycling of linen and broken umbrellas into reusable tote bags.
Ahmed Zahir, General Manager of Angsana Velavaru, expressed gratitude, stating, “We are deeply grateful to our guests, associates, and industry peers for these remarkable acknowledgments. These awards motivate us to continue exceeding expectations, offering unforgettable experiences while remaining at the forefront of sustainable tourism.”
As a resort that seamlessly blends exceptional experiences with eco-conscious principles, Angsana Velavaru remains committed to setting new benchmarks for responsible travel. The resort’s success reflects its dedication to preserving the natural wonders of the Maldives while creating meaningful and authentic experiences for every guest.
In celebration of its recent achievements, Angsana Velavaru invites guests to embark on a new adventure with the Voyage to Velavaru offer. Guests can enjoy 25% savings on the best available rate, a complimentary all-inclusive package upgrade, and a spa and recreation credit of USD 75 per person, per night (up to USD 750 per person). The offer also includes 20% savings on return seaplane transfers and a complimentary sunset cruise, available once per stay.
Celebration
Reethi Beach Resort’s 2024 festive season takes guests ‘Under the Sea’
Reethi Beach Resort has announced its highly anticipated 2024 festive season celebrations, scheduled to take place from December 21st to January 7th, under the enchanting theme ‘Coral Kingdom Under the Sea.’ The resort’s festive program is set to immerse guests in the vibrant world of the Indian Ocean’s rich marine life, combining elegant dining experiences, adventurous activities, and cultural entertainment to create an unforgettable holiday season.
As the resort transforms into a magical underwater haven, visitors will be greeted by breathtaking decor reflecting the kaleidoscope of colours found in the surrounding coral reefs. Every venue will resonate with the theme, featuring shimmering reef-inspired arrangements, oceanic hues, and atmospheric lighting. Reethi Beach Resort aims to offer a visual and sensory celebration that embodies the spirit of the Maldives.
According to Valentin Osolos, General Manager at Reethi Beach Resort, the curated program is designed to provide something special for everyone—whether guests wish to indulge in gourmet delights, explore the wonders of the sea, or celebrate with family and friends. This year’s festivities are intended to allow guests to experience not only the beauty of the Maldives but also the joy and togetherness that the holiday season represents.
The 2024 festive lineup will include a series of elevated themed dinners, featuring culinary creations inspired by both local and international cuisines. Highlights will include the lavish Christmas Eve Gala Dinner and the New Year’s Eve Countdown Celebration, complete with live entertainment and a vibrant beachside atmosphere.
Throughout the season, guests will have the opportunity to enjoy a range of activities that cater to both relaxation and excitement, such as Private Champagne Breakfasts on the beach, Cheese & Wine Tastings under the stars, and lively Hookah Nights. For families, the festive program will feature Treasure Hunts, Pizza Making Classes, and special high teas that bring a touch of elegance to the afternoons.
The festivities will also showcase the resort’s commitment to Maldivian culture and sustainability. Traditional Boduberu performances and Maldivian Cooking Classes will invite guests to engage with the island’s heritage and natural environment, enriching their experience of the Maldives.
The season will culminate in the much-anticipated New Year’s Eve Gala Dinner and Countdown Party. Guests will be treated to a grand feast, set against the backdrop of live music, dance shows, and a dazzling display of fireworks as the clock strikes midnight. The celebrations will continue with an upbeat beach party, inviting guests to dance the night away under the stars and welcome 2025 in style.
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