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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:
• Luxury Hideaway Spa (Indian Ocean) – Continent Winner
2016 – World Luxury Spa Awards
• TripAdvisor Certificate of Excellence (2012 – 2016)
• Maldives' Leading Luxury Resort – Winner 2014 – World
Travel Awards
• Condé Nast Johansens Spa Awards – Best for Couples –
Runner Up 2015
• 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 Trade 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$1.3865.
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 2016:
US$49.5 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 2016 KEY FINANCIALS
Gross hotel revenue:
S$17.5 million
(2)
(US$12.6 million)
Net property income:
S$3.9 million
(2)
(US$2.8 million)
Average occupancy rate:
64.7%
Ocean Revive
67
Annual Report 2016
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