About this property
The Reserve at Grove South Malé Atoll is a 55-unit villa development in the fast-growing South Malé Atoll area, walking distance to Anantara Veli and Naladhu Private Island. Designed by Foster + Partners with a contemporary-Mediterranean aesthetic, the project features 24/7 concierge, yoga pavilion, in-house spa, and Soneva Developments's professional rental-management program targeting 7–9% net yield. Owners receive 50-year leasehold from Ministry of Tourism title, transferable and inheritable. Soneva Developments handles booking, guest management, maintenance and tax reporting so owners can enjoy passive returns from day one.
Project details
| Developer | Soneva Developments |
|---|---|
| Property type | Villa |
| Status | Early bird |
| Completion | Q1 2028 |
| Handover year | 2028 |
| Construction | 15% complete — Foundations complete, ground-floor slabs in progress |
| Last update | Jun 15, 2026 |
| Bedrooms | 0-3 |
| Unit sizes | 97–233 m² |
| Total units | 51 across 5 unit types |
| Available now | 34 units |
| Starting price | $1.92M up to $4.24M |
| Payment plan | 20% down · 45% during build · 25% on handover |
| Projected ROI | 9–11% net rental yield |
| Location | South Malé Atoll, Maldives — South Malé Atoll |
Unit types & prices
| Unit | Size | Bedrooms | Price | Available |
|---|---|---|---|---|
| Studio | 97 m² | Studio | $1.92M | 7 left |
| 1BR Deluxe | 193 m² | 1 BR | $2.85M | 7 left |
| 2BR Garden | 206 m² | 2 BR | $3.48M | 9 left |
| 3BR Sky | 227 m² | 3 BR | $3.68M | Sold out |
| 3BR Penthouse | 233 m² | 3 BR | $4.24M | 11 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 South Malé Atoll, Maldives, The Reserve at Grove South Malé Atoll is walking distance to Anantara Veli and a short drive from Naladhu Private 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.
📍 The Reserve at Grove South Malé Atoll, South Malé Atoll, Maldives
- Malé (capital) Center 25 km ≈ 40 min
- Malé Airport (MLE) Airport 27 km ≈ 43 min
- Hulhumalé Landmark 29 km ≈ 46 min
Distances are straight-line; drive times are estimated averages.
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