Wealth & Investment
Rental Yields in Maldives: What a Luxury Property Really Earns
Gross yield is the number brochures quote. This is what a luxury property in Maldives earns after the costs nobody prints.
99Habitat Research · 28 Aug 2026 · 6 min read
In short
Well-chosen luxury property in Maldives produces 5–7% gross under resort rental programmes. Net returns typically land one to two percentage points lower after management, service charges and vacancy.
The gross number
5–7% gross under resort rental programmes in Maldives. That is the number to start from, not the number to plan with.
Ownership is leasehold and supply is limited to a handful of integrated resort developments — but the operating platforms are among the strongest in global hospitality.
What comes off the top
Service charges, management fees, letting commission, insurance, maintenance reserve and void periods. In prime markets these routinely absorb a fifth to a third of gross rent, and service charges on branded or amenity-heavy buildings are the most commonly underestimated line.
Tax matters too: lease and service charges; income taxed at source under the operator programme
Where the demand actually is
North Malé Atoll: Closest to the airport; strongest occupancy.
South Malé Atoll: Newer schemes, larger plots.
How we underwrite it
Ten months of occupancy, three years of comparable evidence, and a resale assumption of flat real pricing. If the case only works on twelve months and rising rents, it is not a case — it is a hope.
Operator quality is the asset. Read the rental programme and service charge schedule line by line.
References
This article is general information, not investment, tax or legal advice. Rules change — confirm current requirements with qualified counsel before you transact.
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