The Coral Residences

The Coral Residences sit within the established Kandima Maldives resort on Dhaalu Atoll, forty minutes by seaplane from Malé. Developed by Kandima Holdings and managed by Pulse Hotels & Resorts, the forty apartments are offered under a mandatory rental management programme tied to the resort’s operations.

The Numbers

Two- and three-bedroom residences of 202 and 252 square metres respectively. A leasehold with approximately 37 years remaining (originating 7 November 2013). Buyers receive 50% of pooled net revenue, with a minimum guaranteed return of 8% for three years. This is a floor, not a cap — if actual returns exceed 8%, the owner receives the full amount. Prices are final with no hidden costs. Management fee: 3%. Sales and marketing: 1%. Repair reserve: 4%. Owner usage: up to 30 days per year, with a maximum of 7 days during peak period (22 December–15 January).

Why It Matters

For investors seeking a lower entry price than branded-residence islands, The Coral Residences offer a turnkey solution with guaranteed income and the operational backing of an established resort. The mandatory rental pool ensures consistent occupancy management, while the Kandima brand provides full resort amenities: spa, multiple dining venues, water sports, kids’ club, and diving.

Residences & Pricing

Type	Size	Beds	Price	Notes
2-Bedroom Apartment	202 m²	2	$1.3M	Middle floors (1st & 2nd)
2-Bedroom Apartment	202 m²	2	$1.5M	Ground floor & top floor (3rd)
3-Bedroom Apartment	252 m²	3	$1.8M	Middle floors (1st & 2nd)
3-Bedroom Apartment	252 m²	3	$2.1M	Ground floor & top floor (3rd)

Amenities & Lifestyle

Payment Plan

%	Stage
2%	Reservation fee
28%	SPA execution
20%	Foundation laying
30%	Roofing completion
10%	Internal finishes
10%	Final payment

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