About this property
North Malé Atoll Waters brings a new benchmark to North Malé Atoll: 45 thoughtfully-designed apartments, boat mooring across the roof deck, smart-home automation, and kids club. The residences are minutes from Malé airport and offer direct access to Kurumba Island. Delivered by Universal Enterprises, one of the most active developers in the region, North Malé Atoll Waters launches with a friendly payment plan (see below) and a projected 10–12% yield backed by a professional hospitality operator.
Project details
| Developer | Universal Enterprises |
|---|---|
| Property type | Apartment |
| Status | Finishing works |
| Completion | Q3 2026 |
| Handover year | 2026 |
| Construction | 82% complete — Finishes and MEP commissioning in progress |
| Last update | Jun 15, 2026 |
| Bedrooms | 0-4 |
| Unit sizes | 68–258 m² |
| Total units | 44 across 5 unit types |
| Available now | 28 units |
| Starting price | $3.35M up to $8.58M |
| Payment plan | 30% down · 40% during build · 30% on handover |
| Projected ROI | 5–7% net rental yield |
| Location | North Malé Atoll, Maldives — North Malé Atoll |
Unit types & prices
| Unit | Size | Bedrooms | Price | Available |
|---|---|---|---|---|
| Studio | 68 m² | Studio | $3.35M | Sold out |
| 2BR Garden | 105 m² | 2 BR | $5.06M | 8 left |
| 2BR Pool | 158 m² | 2 BR | $5.25M | 6 left |
| 3BR Penthouse | 195 m² | 3 BR | $7.17M | 2 left |
| 4BR Villa | 258 m² | 4 BR | $8.58M | 12 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 North Malé Atoll, Maldives, North Malé Atoll Waters is walking distance to Malé airport and a short drive from Kurumba Island. 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 Waters, North Malé Atoll, Maldives
- Hulhumalé Landmark 6.1 km ≈ 13 min
- Malé Airport (MLE) Airport 7.6 km ≈ 17 min
- Malé (capital) Center 9.0 km ≈ 20 min
Distances are straight-line; drive times are estimated averages.
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