Dubai’s FAM Holdings to launch $218M Al Mahra Maldives Resort. The luxury hotel will be the Dubai-based developer’s first real estate expansion outside the UAE.
The project was announced on the sidelines of Arabian Travel Market 2023, which is being held in the Dubai World Trade Centre.
Faisal Ali Mousa, the Chairman of FAM Holding Group, said: “Through Al Mahra Maldives touristic resort project, FAM Holding Group aims to expand in the real estate investment outside the UAE for the first time, and strives to tap into the Maldives, particularly that this archipelago currently witnesses a remarkable growth, as it became the bucket list destination for many travel and tourism lovers all over the world.”
Mousa said Al Mahra Maldives resort will be established on an island with an area of 100,000sq m, and will comprise 150 hotel units and chalets, including 100 floating villas. He added that each unit in the resort will include a private swimming pool.
