MALDIVES, DHEVVAMAGAL ISLAND- FOR SALE IN MALDİVES, DHEVVAMAGAL ISLAND - PROJECTED ISLAND

Description

Location
Huvadhoo Atoll (400 km South of Male’)
Latitude: 0°34'16.74"N
Longitude: 73°11'30.20"E
Approximate area of the island : 7 Hectares
Length of the island : 375 m
Average Width : 240 m
Lagoon All around the island: Maximum length of the lagoon from beach line 350 m

Airports in the Atoll
Kaadedhoo Airport (Operational) 23km
Kaadedhoo Airport (Operational) 31km
Maavarulu Airport (Under development) 43km
Nearest Resort island
Robinson Club, (3.5 km)
Jumeirah Dhevanafusshi (10 km)
Number of Operational resorts in the Atoll 7
Nearest inhabited islands
Dhevadhoo (Pop. 1200)
Nearest uninhabited island
Villigala
Travel time by air from Male' to Kaadedhoo Airport 55 min

PROJECT: DHEVVAMAGALA ISALND RESORT
LOCATION: NORTH HUVADHOO ATOLL, MALDIVES
Country Overview Location
Location Southwest of Sri Lanka, on the equator
Local Time GMT + 5 hours
No of Islands 
1,190 coral islands, 202 inhabited, 94 exclusive resort islands
Climate Tropical climate
Population Approximately 300,000
Language Dhivehi (local language) and English
Major Industries Tourism and Fisheries
Currency Rufiyaa (exchange rate US$ = MVR 15.42)
Electricity 240 AC
Property Overview ,Property Name
Dhevvamagala Island Resort
Land Area 7 hectares of land
Nearest Airport
Kaadeshoo Airport (22min by speedboat)
Estimated Investment USD25million
Proposed Opening Date 30-Dec-15
Lease Period 50 years 
Development Concept
60 Beach Villa (120 beds)
30 Water Villa (60 beds)
20 Water Villa (40 beds)
Main Restaurant
Bar and Coffee Shop
Specialty Restaurant
Other Key Facilities
Swimming Pool, Spa, Dive Center, Tourist Shop, Water Sports
Target Market 7 Star
Financial Highlights
Capital Expenditure USD$ 25,000,000
Internal Rate of return % 22%
Payback Period At Nominal Cash Flow
Period 5 years
Annual Rent USD$ 630,000
Average Occupancy %70%
Average Daily Room Rate USD$ 600
Number of Keys/Beds
Food and Beverage

General Features