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Urbanco seeks investors for Urban Isle boutique hotels
Urbanco has announced its search for interested parties to submit Expressions of Interest (EOIs) for the development and operation of boutique hotels within the Urban Isle project in Hulhumale. The Urban Isle initiative, unveiled by Urbanco in July, involves the allocation of seven land plots for boutique hotel development. HDC has now reopened three of […]
Kihavah Wins – Wine Excellence
September 2014: Anantara Kihavah Villa’s acclaimed underwater restaurant; Sea has received the prestigious three star accolade from World of Fine Wines Magazine.
Govt proposes Real Estate Tax to replace TGST on long-term resort villa rentals
The government has introduced an amendment to replace the Tourism Goods and Services Tax (TGST) with a real estate tax on long-term rentals of villas or rooms in Maldives resorts. The proposed tax change, outlined in an amendment to the Tourism Act, underwent its first reading in parliament on Wednesday. Under the amendment, a tourism […]