PROPERTY PORTFOLIO
PROPERTY PORTFOLIO
Jumeirah Dhevanafushi is located at the southern edge of the 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 flight from Malé International Airport to Kaadedhdhoo
Airport, followed by a 15-minute speedboat journey.
Opened in November 2011, the 37-villa Jumeirah Dhevanafushi features
16 over-water villas and 21 beachfront villas, each with their own private
pool. The resort competes at the top end of the Maldives luxury market
and the extremely spacious villas are among the largest in the destination.
The offering is that of an all-suite resort comprising of one and two-bedroom
villas ranging from approximately 200 to 340 sq m. The luxurious beachfront
villas occupy the main island of Meradhoo; with the over-water villas located
some 800 metres away. The over-water villas boast high 6.3-metre ceilings
and full length floor-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 infinity edge pools, a PADI 5 Star
dive and water sports centre, a library and a resort boutique.
Notable accolades include:
• TripAdvisor Certificate of Excellence (2012 - 2015)
• Maldives’ Leading Luxury Resort - Winner 2014 - World Travel Awards
• Best for Couples - Runner Up 2015 - Condé Nast Johansens Spa Awards
• Luxury Island Spa of the Year - Maldives Winner 2015 - Luxury Travel
Guide
• Indian Ocean’s Best Hotel Spa - Winner 2015 - World Spa Awards
• Maldives Best Hotel Spa - Winner 2015 - World Spa Awards
• Maldives’ Leading Luxury Hotel Villa (Ocean Sanctuary Sunset) - Winner
2014 & 2015 - World Travel Awards
(1)
The property was valued by Jones Lang LaSalle Property Consultants Pte Ltd using
the Discounted Cash Flow approach.
(2)
Based on the average exchange rate of US$1.00 = S$1.3710.
PROPERTY DETAILS
Number of guest rooms:
21 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 centre, Talise SPA, over-water
fitness and yoga studios, two infinity edge
pools, 24-hour butler services, library and
resort boutique
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 31 December 2015:
US$57.0 million
HOTEL MANAGEMENT
AGREEMENT DETAILS
Operator:
Jumeirah Management
Services (Maldives) Private Limited
Term of hotel management agreement:
1 November 2011 to 31 October 2046
FY 2015 KEY FINANCIALS
Gross hotel revenue:
S$20.2 million
(2)
(US$14.7 million)
Net property income:
S$4.5 million
(2)
(US$3.3 million)
Average occupancy rate:
70.6%
Ocean Revive
67
Annual Report 2015
