Kandolhu Maldives
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Rosewood Ranfaru Resort to Open in 2025
Estithmar Holdings, a Qatari investment company, announced the development of Rosewood Ranfaru Resort in Maldives. The resort is projected to be one of the world’s most luxurious resorts and will be developed by Royal Resorts, a subsidiary of Estithmar Holdings. Rosewood Ranfaru Resort is anticipated to open in the first quarter of 2025. This will […]
MVR 4b in resort lease rent penalties waived
A 2020 amendment to resort development regulations has resulted in the waiving of approximately MVR 4 billion in fines for non-payment of rent after the construction period’s expiration on leased islands designated for resort development. The amendment, which took effect in December 2020, reduced the penalty for non-payment of rent from 0.5% to 0.0493% for […]
Utkarsh Faujdar of Hulhule Island Hotel
Being in a service industry where I could interact with people and could prove myself, was always a dream for me. My family saw me as an Engineer for many years until..
