Flexible Payment Options | Freehold Ownership

Located in the heart of Machangoalhi on Buruzu Magu, Ma. Aafaluge offers a limited collection of modern freehold apartments designed for contemporary urban living. Just a few seconds’ walk from Ahmadhiyya International School and within close reach of schools, supermarkets and main roads, this address combines convenience with comfort and long-term value.

The development features a mix of Type A (road-facing) and Type B (rear-facing) apartments, each built with spacious interiors, high-quality finishes and durable fittings. Type A apartments include a balcony overlooking Buruzu Magu, while Type B units offer quiet rear-facing layouts with the same elegant design and comfort. The 15th-floor penthouse provides expansive views and an exclusive living experience.

Facilities:

Freehold ownership (includes a share of the land)

Contemporary façade with modern architectural design

Spacious, naturally ventilated layouts with abundant daylight

Two high-speed elevators

24/7 security with CCTV surveillance

Grand lobby with premium ambiance

Modern modular kitchen with premium finishes

Sleek bathrooms fitted with branded sanitaryware

Energy-efficient construction with optimized layouts

Pricing & Available Floors:

Type A (Road-Facing with Balcony):

2A – MVR 3,950,000
3A – MVR 3,989,500
7A – MVR 4,030,000
14A – MVR 4,194,000
15 (Penthouse) – MVR 9,000,000

Type B (Rear-Facing, No Balcony):

2B – MVR 3,450,000
3B – MVR 3,485,000
7B – MVR 3,520,000
8B – MVR 3,555,000
9B – MVR 3,595,000
13B – MVR 3,630,000
14B – MVR 3,665,000

Flexible payment plans available

Discounts for full upfront payment

End-user financing through Bank of Maldives (BML)

Minimum 5–10% from buyer’s own funds (pension funds not applicable for this portion)

Up to 95% can be financed via BML

Booking Procedure:

All payments are deducted from the total sale price.

Step 1: Pay MVR 50,000 as a booking fee along with the application form (provided upon client request).

Step 2: Sale and Purchase Agreement (SnPA) will be prepared by the lawyers within 14 days from the date the client submits the approved application.

Step 3: At the time of signing, the client must pay 5–10% of the total sale price as a commitment fee, plus MVR 15,000 as legal fees.

Step 4: The remaining balance can be settled using own funds under the selected payment plan or financed through the Bank of Maldives Home Loan. (Project is currently under approval with BML and may take 30–45 days for full approval.)

Project Timeline:

Construction Start: November 2025

Estimated Handover: Late 2027 – Early 2028

📞 If you are interested, please contact our team, Zareef +960 778 2454 or Hussain +960 779 2480, send a message to any of our social media pages, or leave a comment below with your contact number.