For the first time in HISTORY of the world, the Maldivian Government is auctioning off islands! Yes!!! This is the first time ever islands have gone up for auction in the world! An absolutely amazing opportunity for the right investor. The current auction consists of 16 islands and island clusters, each with 50-year leases that are scattered throughout the Maldives’ atolls. If you’d like to be an island owner in The Maldives YOU MUST ACT FAST!!! My team and I are prepared to help you submit your bid. Please contact me directly for more information on the bidding process.

Interested Bidders have until June 6 to obtain the relevant documents. International bidders must pay a non-refundable fee of $3,250 to receive an application. All Bids are due June 10 am at 10am MVT (GMT+5). For bidders in the United States, the time that bids are due would be would be 1 am EST. Therefore, we suggest that interested US residents have their bids in by Wednesday June 9 at 5 pm EST to be certain their bids are received for review prior to the bid submission cut off.

Investors should be aware that with this offering, the Maldivian Government is considering much more than just the bid amount. They’re looking at other important aspects such as the diversity of the staff, and the effects and impact the proposed project would have on the environment long term. Any proposed resort should adequately consider the surrounding area.

According to the planning section of the Ministry of Tourism, building heights can be no taller than tree height. The project build out is limited to 30% of the total built area. Trees cannot be removed without prior approval. For each tree that is permitted to be removed, two new trees must be planted in it’s place. To ensure preservation of the current environment, infrastructure must be built approximately 16 feet inward from the vegetation line.

For each island listed that will become a resort, the The Ministry of Tourism has set minimums for beds in each location. There will also be an indication for each island whether there is a possibility for land reclamation; which could allow for expansion of the islands’ footprint by converting a portion of the seabed into livable land. Of the 16 islands that are available for auction, less than half are not available for reclamation. This means that a great deal of the islands offered have the opportunity for expansion.

Bidders that are selected, will have up to three years (36 months) to start construction on any project, with most project costs being front loaded. New owners will also be encouraged to decamp to the country themselves. Those who invest at least $250,000 are automatically eligible for a five-year resident visa; affording them the opportunity to live and work in paradise long-term.

There are no bid minimums for any site, but some islands are expected to command a higher price.

If you have interest in bidding, please contact Dawn as soon as possible. The bid packages will only be available until the June 6th deadline.

We invite you to find out more about Dawn, our company, our world class partners by exploring our website. You may also contact us with any questions regarding this or future auctions, our other available properties, or hiring us to help you with the purchase or sale of your island, hotel, resort, or land worldwide.

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