The Maldives has seen a significant milestone in its investment landscape with the launch of the First National Real Estate and Hospitality Fund Plc, marking the first fund of its kind in the country. This historic development opens the doors for local and international investors to enter the lucrative real estate market, creating exciting opportunities for growth and expansion.
A Fund for the People
Introduced by Hassan Ziyath, CEO of First National Finance Corporation, the fund is designed to be highly accessible, allowing individuals to invest with a minimum of MVR 10,000. This inclusive approach aims to encourage broader participation in real estate investment, making it a welcomed addition to the investment landscape.
Two Investment Options to Suit Diverse Preferences
The fund offers two key investment options to cater to diverse investor preferences:
Equity Investment
- Investors can purchase shares with a minimum subscription of MVR 10,000 (10 shares).
- The fund offers an anticipated annual return of 20%, with quarterly dividend payments.
Debt Investment
- Investors can opt for conventional amortized bonds starting at MVR 10,000.
- These bonds provide an annual interest rate of 12%, paid quarterly over a six-year term.
Diversified and Lucrative Investment Opportunities
The fund’s core project revolves around the assignment and lease rights of H. Sakeena Manzil, a strategically located property in a prime business district. Covering multiple floors, the property is expected to attract high demand and generate steady rental income, providing attractive returns for investors.
Regulatory Compliance and Transparency
Licensed by the Capital Market Development Authority (CMDA), the fund adheres to regulatory standards, ensuring transparency and investor protection. This guarantees that investors can confidently invest in the fund, safe in the knowledge that their investments are secure and protected.
A New Era in Real Estate Investment
This initiative is poised to attract a diverse range of investors, further developing the real estate sector in the Maldives. For more information, interested parties can visit www.estatefund.mv.
