Waldorf Astoria Maldives’ Qatari owner buys Villa Group’s $20m Vaareddhoo lagoon

Vaareddhoo lagoon in Kaafu Atoll has witnessed a change in ownership as Qatari businessman Ramez Al-Khayyat’s Asset Group acquired its leasehold rights for $20 million (MVR 350 million), local media reported on Thursday. The sale comes as Villa Group, under the ownership of Jumhooree Party (JP) leader and presidential candidate Gasim Ibrahim, strategically divests its […]

DiveOceanus takes over dive centre at Royal Island Resort & Spa

DiveOceanus, the subdivision of the Villa Group responsible for the company’s SCUBA diving operations, has added the dive centre at Royal Island Resort & Spa to its portfolio of dive centres.