Islands in the Maldives
Although there are no big cities in the Maldives, several islands act as economic and administrative centers, particularly for the bustling vacation tourism industry that has been growing since the 1970s.
Malé is the capital and the largest city of the Maldives. A vast majority of government buildings, offices, and business activity in the country is found here.
If you’re making any sort of investment in the Maldives outside the tourism sector, it’s probably here in Mali. Probably the only reason you’d want to go elsewhere is if you’re building an island resort.
The city is also renowned for its mosques and stunning architecture. The Islamic Center has a striking gold dome, and a well-known fish market close to the waterfront sells the day’s catch.
Fuvahmulah island, which means “island of the Areca nut palms,” lies under the Gnaviyani Atoll. It’s among the important towns outside of the Malé capital zone.
As the top economic hub of the southern atolls, Fuvahmulah most notably has prospects in its agriculture sector. This is one of the few places in the Maldives where it’s possible to farm at any meaningful level.
The Maldives is the smallest state in Asia and one of the smallest Muslim-majority countries in terms of land area. It’s also the flattest country in the world, being an average of 1.5 meters above sea level and with a maximum natural height of 2.4 meters.
The Maldives are unique among all the regions of the planet. It’s regarded as one of the best locations for recreation, particularly luxury.
However, despite the many attractive options for vacation villas overlooking beautiful waters and sandy beaches, you can’t own freehold land in the Maldives as a foreigner.
If you’re a non-citizen, you can only lease and type of property in the Maldives for a maximum term of 99 years.
There are only some exceptions for major foreign investors involved in commercial land. However, it requires a specific concession from the government which is granted very rarely in practice.
