SEO Version
51
ANNUAL REPORT 2013
Maldives is a nation of coral islands scattered across the Indian Ocean, consisting 26 natural atolls with over 1,100 islands. Maldives’ tropical climate,
white beaches, rich marine environment and ease of accessibility from Europe, the Middle East and Asia have frmly established the island paradise
as a top-tier destination for luxury tourism.
Jumeirah Dhevanafushi is located at the southern edge of Maldives archipelago in the Gaafu Alifu Atoll occupying the exclusive Meradhoo Island
and its surrounding crystal clear lagoon. The resort is accessible via a 55-minute domestic fight from Malé International Airport to Kaadedhdhoo
Airport, followed by a 15-minute speedboat journey.
Opened in November 2011, the 35-villa Jumeirah Dhevanafushi features 16 over-water villas and 19 beachfront villas each with its own private
pool, with two additional beachfront villas expected to be completed in 2014. The resort competes at the top end of Maldives luxury market
and its extremely spacious villas are among the largest in Maldives, with one- to two-bedroom options ranging from approximately 200 to 300
sq m. The luxurious beachfront villas occupy the main island of Meradhoo and located some 800 metres away are the over-water villas, which
boast high 6.3-metre ceilings and full length foor-to-ceiling windows that provide panoramic views of the Indian Ocean from the bedroom,
bathroom and living room.
Jumeirah Dhevanafushi offers a wide range of dining, leisure and spa options within the property including four food and beverage outlets, a spa,
an over-water gym, a yoga platform, two infnity edge pools, a dive centre and water sports centre, a library and a resort shop.
Since its opening, the resort has received numerous accolades, including Conde Nast Traveller's Hot List: World's Most Exciting New Hotels Winner
2012, Hot List: Best New Hotel Amenities for 3x2 Metre Beds Winner 2012, Hot List: World’s Most Amazing Swimming Pools 2013 and TripAdvisor
Certifcate of Excellence Winner 2013. Its spa was also named Best Luxury Emerging Spa (Indian Ocean) Continent Winner 2013 by World Luxury
Spa Awards.
Property Details
Number of guest rooms:
19 Beachfront Villas
16 Over-Water Villas
Number of food & beverage outlets:
Four outlets comprising an all day dining restaurant, pan-Asian cuisine restaurant in an over-
water setting, casual BBQ beach dining venue and a cocktail bar
Other facilities:
PADI 5 Star Dive & Water Sports Centres
Talise SPA
Over-water ftness and yoga studios
Two infnity edge pools
24-hour Butler Services
Library and resort shop
Land area:
53,576 sq m
Title:
50-year leasehold interest commencing from 15 June 2006
Vendor:
Xanadu Holdings Pvt Ltd
Purchase price at 31 December 2013:
US$59.6 million
Valuation
(1)
as at 29 November 2013:
US$61.0 million
HOTEL MANAGEMENT AGREEMENT DETAILS
Operator:
Jumeirah Management Services (Maldives) Private Limited
Term of Hotel Management Agreement:
1 November 2011 to 31 October 2046
(1) The property was valued by CBRE Pte. Ltd. using a combination of the Capitalisation Analysis, Discounted Cash Flow Analysis and Direct
Comparison Method.
W140164 Editorial.pdf 51
3/17/14
Powered by FlippingBook Publisher