Nalandhoo
Shaviyani Atoll
Republic of the Maldives
Latitude · Longitude 6° 19′ 28″ N · 73° 13′ 44″ E
Land Area 60 ha 63.99 ha per Land Registry
Lagoon Area 124 ha
Total Area 184 ha
1 — CONNECTIVITY

Paradise found.

An archipelago of 1,192 islands lying along the equator.

Shaviyani sits amongst the Northern atolls, where the Government is incentivising integrated tourism resort developments.

A globally connected place.

In 2024 the Maldives received over two million tourist arrivals. Daily wide-bodies and direct services exist from the UK, Europe, Middle East, South Asia, Africa, China, Japan and Russia.

Shaviyani Nalandhoo
Velana Malé · Gateway

Shaviyani is integral to development of the country's Northern growth corridor.

Construction of a new domestic airport terminal is underway on an adjacent Island.

Two international airports with private jet facilities (Hanimadhoo & Maafaru) are in close proximity.

This infrastructure will allow the unspoiled Northern atolls to be explored like never before.

Nalandhoo provides a blank canvas for resort development, from big-box all-inclusive to low-density ultra-luxury.

Hanimadhoo Int'l · HAQ
Haa Dhaalu Atoll · north
15 min·30 min
Milandhoo Domestic
Same atoll · in construction
≈ 10 min
Maafaru Int'l · NMF
Noonu Atoll · south
25 min·45 min
Velana Int'l · VIA
Malé · the gateway
75–90 min

Gateway to the North.

Nalandhoo sits at the heart of substantial infrastructure that will drive the country's next tourism expansion push.

A quiet neighbour

The loudest aircraft in the Maldives already lands at the resort itself.

Across the Maldives, the seaplane is the sound of arrival: Twin Otters carry more than a million guests a year to over eighty resorts, alighting on the water at the resort itself — including the country’s most celebrated addresses.

Milandhoo is different in kind: a domestic field served by regional turboprops, 6–8 EPNdB quieter than narrow-body jets at every certification point. Three kilometres away, a departure registers an estimated 48–55 dB(A) at Nalandhoo — between steady rain and conversation — for a few minutes per week. Quieter, and far rarer, than the seaplane at the doorstep.

Estimates from ICAO/EASA certification data; −6 dB per doubling of distance plus atmospheric absorption. Indicative pending the airport masterplan. Jets serve Hanimadhoo & Maafaru only.
Estimated peak at the island · dB(A)
SEAPLANE AT A RESORT LAGOON several daily · the market norm 70 80 NALANDHOO ← MILANDHOO OPS minutes per week · turboprops ≈48 ≈55 3050 7090 leaves rustlingsteady rain vacuum, 1 mtruck passing DHC-6 Twin Otter LANDS AT THE RESORT ATR 72 / Dash 8 · lateral 84.0 EPNdB MILANDHOO’S CLASS — DOMESTIC TURBOPROPS A320 / A321 · lateral 90.7 EPNdB DOES NOT SERVE MILANDHOO
25 min seaplane · 45 min speedboat

Maafaru International

NMF
  • Operational since 2019
  • Designed for private jets and high-end international arrivals
  • Exclusive VIP facilities and infrastructure
75 — 90 minutes seaplane

Velana International

VIA · Malé
  • Gateway to the Maldives
  • 8.28M total passengers in 2025
  • 5.38M international arrivals
  • 1.73M seaplane passengers
  • Direct daily wide-bodies from London, Frankfurt, Paris, Zurich, Milan, Moscow, Dubai, Doha
≈ 10 minutes speedboat

Milandhoo Domestic

UNDER CONSTRUCTION
  • Adjacent island — 3 km from Nalandhoo
  • Reclamation completed in 31 days, expanding island footprint to 25 ha
  • Targeting ~30-month construction timeline to operational opening
  • Will materially shorten transfer times — reduces seaplane dependency by adding a domestic feeder routing
2 — THE ISLAND

Step inside.

Aerial flythrough

Two aerial vantage points across Nalandhoo, in 360°.

Click and drag to look around · pinch or scroll to zoom
3 — THE CANVAS

A freshly minted tourism lease.

Nalandhoo is a unique natural island of impressive proportions.
The site comes replete with mature palms and base infrastructure.

Aerial view of Nalandhoo island, Shaviyani Atoll Growing pond Jetty lake Owners' Residence Staff Quarters 1 Staff Quarters 2 Staff Quarters 4 Power House Hatchery, Lab & Storage Processing Area Boat Yard Tool Shed 1 Tool Shed 2 Compost Area Goat Farm Mosque Jetty
Staff Quarters · North
Staff Quarters · West
Mosque
Power House
Hatchery, Lab & Storage back-of-house ready
Owners' Residence private retreat
Boat Yard
Jetty operational marine arrival
Living Quarters
  • Owners' Quarters
  • Staff Quarters · 1
  • Staff Quarters · 2
  • Staff Quarters · 4
Operations
  • Hatchery, Laboratory & Storage
  • Power House
  • Processing Area
  • Boat Yard
  • Tool Sheds  ×2
  • Mosque
  • Compost Area
  • Goat Farm
Marine
  • Jetty
Natural features
  • Growing pond
  • Jetty lake
  • Sand-shelf shallows
WHY NALANDHOO

More beach per hectare than any island of scale.

Nalandhoo’s distinctive form is the asset: 184 metres of beachfront per hectare — first among all Maldivian islands above 40 hectares — along 11.8 kilometres of coastline wrapping a 124-hectare sheltered lagoon. Beachfront villas cost less to build, insure and maintain than overwater villas. Geometry is economics.

Source · onemap.mv island & reef geometry · full ranking table in the Information Memorandum
Beachfront per hectare · Maldivian islands ≥40 ha
Nalandhoo 184 m The Island — under exclusive mandate
Maafehelaa 178 m Unavailable · uninhabited agricultural island
Kalhufahalafushi 169 m Unavailable · stalled project, re-allocated
Dhigurah 167 m Unavailable · inhabited local island
Herethere 154 m Unavailable · operating resort
Medhufinolhu 152 m Unavailable · operating resort (One&Only Reethi Rah)
Of the twelve highest-density islands of scale in the Maldives, Nalandhoo is the only one available for acquisition. Full ranking in the Information Memorandum.
184 m
Beachfront per hectare

First among all Maldivian islands above 40 ha. The shape does the work: a long, folded coastline around a single contiguous canvas.

$1.56/m²
Effective land rent · capped at $1m p.a.

The statutory rate is $4/m², capped at $1m p.a. — half the central-atoll terms. Uncapped, the Island would pay ~$2.56m; the cap takes the effective rate to ~$1.56/m². A 15% duty exemption extends to FF&E; Lease Acquisition Costs defer to years five and six.

$50m+
Implied replacement cost

Reclamation alone runs ≈$800,000 per hectare — before infrastructure, and before decades of mature vegetation no budget can buy. Nalandhoo requires none.

4 — THE MARKET

A market in motion.

Maldives tourism is in its strongest decade. Record arrivals, a 9.4% receipts CAGR since 2019, and a constrained pipeline are converging just as airlift capacity steps up.

2.2M
Tourist arrivals · 2025
9.4% year on year 2.4M forecast for 2026 (pre-war)
Source · JLL Hotels & Hospitality, Maldives Market Overview, Jan 2026
Annual arrivals · 2019 — 2026F
Source · JLL Hotels & Hospitality, Jan 2026
2026F pre-dates the June 2026 regional conflict; airlift disruption and fuel costs render current-year forecasts unreliable pending revision.
Tourism receipts CAGR
9.4%
2019 — 2025
Compound annual growth, USD basis
Ultra-luxury RevPAR
$1,704
Maldives, 2025
~4× the regional average of $445
New supply CAGR
1.8%
2026 — 2028 forecast
Constrained pipeline, capital scarcity
Operator sentiment
81%
Expect ADR growth in 2026
JLL Hotel Operators' Survey, n=27
Regional RevPAR · 2025 (USD per night)
As published by JLL Hotels & Hospitality, Maldives Market Overview, Jan 2026 · Source: STR Global · rates incl. service charge
Maldives Ultra-Lux
$1,704
Maldives Luxury
$649
Seychelles
$397
Bali
$379
Singapore
$271
Mauritius
$240
Goa
$146
Kuala Lumpur
$120
Jakarta
$95
Regional average · $445. Maldives Ultra-Lux trades at a ~283% premium to the average and is the only Indian Ocean / South-East Asia destination above $1,000.

Demand is structural. Supply is constrained.
Airlift is ramping up to facilitate new growth.

Velana International's new terminal lifts design capacity from 1.5M to 7M annual passengers (JLL). Hanimadhoo's expansion brings non-stop wide-body European range into the Northern corridor. President Muizzu has designated 2027 "Visit Maldives Year". The window for new entrants is opening — and tightening.

Next steps

We are actively engaging with operators, developers and co-investors to progress development of this truly special site.

If you have not been referred to this site by the Promoters and would like to engage with us or access the relevant data room, please complete the form below. A member of the team will promptly address your enquiry. Access to the Information Memorandum and data room follows execution of a non-disclosure agreement.