About this property
North Malé Atoll The Reserve at Cove brings a new benchmark to North Malé Atoll: 52 thoughtfully-designed apartments, ocean-view sky bar across the roof deck, wellness center, and 24/7 concierge. The residences are minutes from Kurumba Island and offer direct access to Malé airport. Delivered by Atmosphere Residences, one of the most active developers in the region, North Malé Atoll The Reserve at Cove launches with a friendly payment plan (see below) and a projected 5–7% yield backed by a professional hospitality operator.
Project details
| Developer | Atmosphere Residences |
|---|---|
| Property type | Apartment |
| Status | Early bird |
| Completion | Q4 2027 |
| Handover year | 2027 |
| Construction | 22% complete — Foundations complete, ground-floor slabs in progress |
| Last update | Jun 15, 2026 |
| Bedrooms | 1-4 |
| Unit sizes | 49–213 m² |
| Total units | 35 across 4 unit types |
| Available now | 24 units |
| Starting price | $2.77M up to $6.49M |
| Payment plan | 25% down · 50% during build · 20% on handover · 12mo post-handover |
| Projected ROI | 9–11% net rental yield |
| Location | North Malé Atoll, Maldives — North Malé Atoll |
Unit types & prices
| Unit | Size | Bedrooms | Price | Available |
|---|---|---|---|---|
| 1BR Suite | 49 m² | 1 BR | $2.77M | 1 left |
| 1BR Deluxe | 113 m² | 1 BR | $4.09M | 9 left |
| 3BR Penthouse | 119 m² | 3 BR | $5.31M | 9 left |
| 4BR Villa | 213 m² | 4 BR | $6.49M | 5 left |
Payment plan
💡 Flexible plan with milestone-based drawdowns during construction. Bank financing available up to 60% LTV via local mortgage partners.
Construction progress
Amenities
Location & neighborhood
Located in North Malé Atoll, Maldives, North Malé Atoll The Reserve at Cove is walking distance to Kurumba Island and a short drive from Malé airport. 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.
📍 North Malé Atoll The Reserve at Cove, North Malé Atoll, Maldives
- Hulhumalé Landmark 4.5 km ≈ 16 min
- Malé Airport (MLE) Airport 5.6 km ≈ 12 min
- Malé (capital) Center 6.9 km ≈ 15 min
Distances are straight-line; drive times are estimated averages.
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