Developer Payment Plans / Installment Purchase
Coral Residences Kandima
Maldives
About This Property
Coral Residences Kandima is an exclusive residential development on Kandima Island, Maldives, offering 40 premium apartments with 2 and 3 bedrooms. The project is located on one of the most picturesque atolls in the Indian Ocean, surrounded by crystal-clear waters and coral reefs. Residences are offered under Strata Title - a full ownership form in the Maldives with rights of inheritance, gifting, and bank mortgage. Kandima Island features world-class infrastructure: the award-winning EsKape SPA, a medical clinic, a 24-hour gym, a diving and water sports center, a football field, tennis court, and volleyball court. In 2029, an international airport is planned to launch on Dhaalu Atoll, just 10 minutes by speedboat from the island. Each residence features exquisite interiors, spacious terraces with ocean views, modern kitchens, and bathrooms with panoramic windows. Owners receive a 5-year resident visa, a Maldivian company and bank account, plus tax advantages - no global income tax and no sales tax. The investment appeal is backed by a guaranteed income program: 6% annual return on investment for the first 5 years, and from year 6 - 50% of net profit with a forecast of 8-11% annually. Tourism in the Maldives is at a record high - 1.34 million tourists in 2024, ensuring stable rental demand.
Opportunity Terms
- Starting Price
- $1,200,000
- Handover Quarter
- Q3 2026
- Payment Plan Summary
- 6-step installment plan
- Unit Types Summary
- 2 Bedrooms from 202 m² · 3 Bedrooms from 236 m²
- Fees
- Freehold (Condominium) (~2-6.3%): Transfer fee 2% + stamp duty 0.5% (or SBT 3.3% if seller held < 5 years) + withholding tax. Total burden varies; split between parties is negotiable Leasehold (Lease) (~0.55%): Registration fee - 1% of total lease value + 0.1% stamp duty. Effective buyer cost ~0.55% of purchase price
- Projected Rental Yield
- 6%
- Amenities
- Spa & Wellness Fitness Center Swimming Pool Beach Access Restaurant Concierge Service Rental Program Guaranteed Rental Fully Furnished Balcony Sea View Infinity Pool
Payment Schedule — Active plan
| Milestone | % | Amount | When Due |
|---|---|---|---|
| Reservation Deposit | — | $100,000 | Reservation Deposit |
| Booking | 30% | $260,000 | Booking |
| During construction | 20% | $240,000 | During construction |
| During construction | 20% | $240,000 | During construction |
| On handover | 20% | $240,000 | On handover |
| Property Registration | 10% | $120,000 | Property Registration |
Unit Variations
2 Bedrooms
$1,200,000
3 Bedrooms
$1,800,000
Investment Estimate
Provider-supplied projections for the default unit configuration.
Est. Monthly Rent
$6,300
Est. Monthly Income
$4,559
Est. Annual Income
$54,702
Gross Yield
6%
Net Yield
4.6%
Est. 5-Year Value
$1,763,194
Est. 5-Year ROI
70%
Assumptions
Provider default: purchase price 1,200,000, monthly rent 6,300, occupancy 95%, annual appreciation 8%.
Provider/market-based estimates for informational purposes only. Actual rental income, occupancy, expenses, appreciation and returns may vary. Projections are not guaranteed.
Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.
$1,200,000