About this property
Coral at South Malé Atoll is a 48-unit villa development in the fast-growing South Malé Atoll area, walking distance to Naladhu Private Island and Anantara Veli. Designed by GA Design with a urban-luxury aesthetic, the project features underground parking, private beach club, outdoor cinema, and Prodivers Estates's professional rental-management program targeting 10–12% net yield. Owners receive 50-year leasehold from Ministry of Tourism title, transferable and inheritable. Prodivers Estates handles booking, guest management, maintenance and tax reporting so owners can enjoy passive returns from day one.
Project details
| Developer | Prodivers Estates |
|---|---|
| Property type | Villa |
| Status | Just launched |
| Completion | Q1 2027 |
| Handover year | 2027 |
| Construction | 30% complete — Structure and facade complete, interior fit-out proceeding |
| Last update | Jun 15, 2026 |
| Bedrooms | 0-3 |
| Unit sizes | 48–251 m² |
| Total units | 28 across 3 unit types |
| Available now | 21 units |
| Starting price | $2.25M up to $7.85M |
| Payment plan | 30% down · 40% during build · 30% on handover |
| Projected ROI | 10–12% net rental yield |
| Location | South Malé Atoll, Maldives — South Malé Atoll |
Unit types & prices
| Unit | Size | Bedrooms | Price | Available |
|---|---|---|---|---|
| Studio | 48 m² | Studio | $2.25M | 10 left |
| 2BR Pool | 223 m² | 2 BR | $3.87M | 6 left |
| 3BR Penthouse | 251 m² | 3 BR | $7.85M | 5 left |
Payment plan
💡 Handover-ready payment schedule: 30% on booking, 40% in two installments over 6 months, 30% on completion.
Construction progress
Amenities
Location & neighborhood
Located in South Malé Atoll, Maldives, Coral at South Malé Atoll is walking distance to Naladhu Private Island and a short drive from Anantara Veli. The neighbourhood is one of the most sought-after enclaves in the region, offering a rare mix of lifestyle amenities and long-term capital appreciation.
📍 Coral at South Malé Atoll, South Malé Atoll, Maldives
- Malé (capital) Center 27 km ≈ 43 min
- Malé Airport (MLE) Airport 29 km ≈ 46 min
- Hulhumalé Landmark 31 km ≈ 49 min
Distances are straight-line; drive times are estimated averages.
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