Development Timeline
- Stage : On Going - Stage One
- Construction start : January 2025
- Expected Completion : March 2026
Architectural Design
Residential Floors (1-6)
- 3-Bedroom Apartments:
- Spacious living and dining areas
- Modern kitchen with high-end appliances
- Master bedroom with en-suite bathroom
- Two additional bedrooms, shared bathroom
- Private balconies, ample storage, high-quality finishes
Commercial Floors (7-9)
- Office Spaces:
- Open-plan layout, large windows, natural light
- Conference rooms, breakout spaces, lounges
- Modern amenities including high-speed internet and climate control
- Secure access and dedicated reception areas
Ground Floor:
- Retail Space:
- High visibility, large display windows, open layout
- Easy street access with ample parking
- Storage and backroom facilities
ROI Calculation
Investment Amount: MVR 500,000
Annual Return Rate: 30%
Investment Period: 10 years
Grace Period: 6 months (no payments during this period)
Start Date: [Date of Signing]
Return Annual Return: MVR 500,000 * 30% = MVR 150,000
Payment Options (After Grace Period):
Monthly Payment Amount: MVR 150,000 / 12 = MVR 12,500
Quarterly Payment Amount: MVR 150,000 / 4 = MVR 37,500
Annual Payment Amount: MVR 150,000
Summary of Returns:
Initial Investment: MVR 500,000
Total Return Over 10 Years: MVR 1,500,000
Grace Period: 6 months
Payment Options: Choose to receive payments monthly, quarterly, or annually after the grace period.
Start Receiving Payments: 6 months after the date of signing
Lease Agreement
This summary highlights key terms of the lease agreement for the 10-floor mixed-use building in Malé City, Maldives, ensuring compliance with Maldivian law and Shariah principles. The lease agreement is between [Landowner’s Name/Entity] and Amanat, with a duration of 30 years starting from 20 January 2024, and includes an option for a 20-year renewal.
Developer Information
Imarat is a pioneering real estate development and investment company based in the Maldives. Specializing in fractional property investments, Imarat offers unique opportunities for small investors to participate in high-yield real estate projects. With a focus on quality, transparency, and Shariah compliance, Imarat is dedicated to transforming the real estate investment landscape in the Maldives.