# New Maldives Resorts 2026–2027 — Aman, Hyatt, Bulgari & 22 More > All 25 announced Maldives resorts, tracked: Aman, Hyatt Regency, Bulgari, Nobu, Rosewood, Atlantis & more — confirmed facts, opening dates, honest unknowns. Source: https://luxatolls.com/new-maldives-resorts/ · Last updated: 2026-11-14 · Language: en · Prices in US dollars (USD) unless stated otherwise --- The Opening Pipeline # New Maldives Resorts *2026–2027* Aman, Bulgari, Rosewood, Mandarin Oriental — the biggest wave of luxury openings the Maldives has seen is under construction right now. We track every announced resort, print only what's confirmed, and say plainly what nobody knows yet. Reviewed by [Tym Lewtak](https://luxatolls.com/about/) · Founder, LuxAtolls Last updated 14 Nov 2026 25 Resorts Tracked Q4 ’26 Next Target Opening 6 Opened Since ’24 — Reviewed Why this page exists ## The honest tracker for an *unopened coastline* Pre-opening resorts are where travel content goes to make things up: every announcement gets recycled into listicles that quote villa counts as if they were menus and renders as if they were photographs. This page works differently. For each announced property we separate what is verifiably confirmed — from official factsheets, environmental filings, appointed general managers and the brands' own pages — from what simply is not known yet. When a resort opens, it leaves this page and gets the full LuxAtolls review treatment, like the six recent openings at the bottom. Dates deserve special scepticism: of the 25 projects below, 9 have already moved their public target at least once — Capella four times, Nammos three, Corinthia by almost five years — and not one has published a bookable rate. Every image on this page is a developer render or brand visual, labelled as such; real photography doesn't exist yet. One pattern worth knowing: South Malé Atoll is this cycle's boomtown, with Mandarin Oriental, Rosewood, Baccarat, Atlantis, Zamani, Vaagali and Don Maaga all building in the same boat-transfer lagoon system. The Index below puts numbers on all of it; we re-verify each entry on the cadence shown at its foot. Late 2026 Mondrian Maldives · Vaagali Maldives, Vignette Collection · Villa Eden 2026 – 2027 Mandarin Oriental, Bolidhuffaru Reef 2027 Don Maaga Maldives · Aura Maldives · ONE BANYAN Amaraa Faru · Coco de Mer Maldives, Tapestry Collection by Hilton · Bvlgari Resort Ranfushi · Baccarat Hotel & Residences Maldives · Rosewood Ranfaru · Zamani Islands · Maxx Royal Maldives · Hyatt Regency Samarafushi Maldives 2028 Amanolu, Aman Maldives · Nammos Resort Maldives · Fusion Resort Maldives · Chedi Kan'baashaa Maldives · Nobu Hotel & Residences Maldives 2029 & not yet dated Atlantis The Royal Maldives · Samana Ocean Views — Interiors by Elie Saab · Trump International Hotel Maldives · Corinthia Maldives · Capella Maldives, Fari Islands · Devarana – Dusit Retreat Maldives Pipeline Index · Oct 2026 9 of 25 have moved their date · only 3 have named a month · 2,775 keys announced The chart and the data ↓ Official image · Mondrian Hotels 01 Mondrian · Ennismore ## Mondrian Maldives Kuredhivaru Island · Noonu Atoll Operating conversion — the island trades as Kuredhivaru Resort & Spa pending the reflag 105 villas · 72 overwater + 30 beach + 3 residences · all with pools Transfer: 45-min seaplane from Velana 2026 (no month announced) Expected opening Mondrian arrives in the Maldives by the least risky route available — conversion of a working resort. The island opened as Mövenpick Kuredhivaru in late 2018; the Mövenpick flag came off on 1 January 2025, and Ennismore, Accor's lifestyle joint venture, has run it as the white-label Kuredhivaru Resort & Spa while renovating in phases — beach villas, residences and dining first, the overwater villas through the 2026 low season. Guests can book the island today. The hardware is already strong: 105 villas, every one with a private pool, split 72 overwater and 30 beach plus three three-bedroom residences. The interesting question is brand fit. Mondrian trades on social energy — design-forward bars, DJ-led public spaces, a scene — in a destination that mostly sells silence. Noonu Atoll gives it the seaplane-belt setting (45 minutes from Velana) and a neighbourhood of established luxury names. We review the island in its current form on this site; the entry below tracks what changes when the new flag goes up. Explore Noonu Atoll ### What's confirmed - First Mondrian in the Maldives and Ennismore's country debut, announced March 2025 - A conversion, not a new build: the Mövenpick flag came off on 1 January 2025, and the island trades as Kuredhivaru Resort & Spa under Ennismore management, inside Accor's ALL programme, until the reflag - 105 villas — 72 overwater pool villas, 30 beach pool villas, three 3-bedroom residences — every one with a private pool - Renovation phasing published: beach villas, residences, dining and arrival jetty first; overwater-villa upgrades scheduled for the 2026 low season - Four venues plus spa, gym, yoga pavilion, tennis, dive centre and kids' club carry over - Reservations desk already live through Ennismore ### Still unannounced - The reflag date — "2026" with no month named, notable this late in the year - How deep the renovation goes versus a soft rebrand - Restaurant concepts and rate positioning under the Mondrian flag The safest bet on this page: the island already runs, which makes this an identity change with real photos rather than a construction project with renders. Reading for context: [Kuredhivaru today](https://luxatolls.com/resorts/movenpick-kuredhivaru/) · [Noonu Atoll guide](https://luxatolls.com/atolls/noonu/) Last verified: 2026-08-14 Next check: November 2026 [Official site ↗](https://mondrianhotels.com/maldives/) Official render · IHG 02 Vignette Collection · IHG ## Vaagali Maldives, Vignette Collection Vaagali Island · South Malé Atoll Signed and in development — no booking page live yet 52 villas · land + overwater · 1–3BR pool villas, each with a yoga pavilion Transfer: 30-min speedboat from Velana Late 2026 (announced Dec 2025 — holding) Expected opening IHG's second Vignette Collection play in the Maldives is a different animal from its first: where Noku was a conversion, Vaagali is a ground-up boutique build on its own South Malé island, 30 speedboat minutes from the airport. Fifty-two villas is genuinely small for a new-build resort economy, and the confirmed details lean hard into wellness — a 3,000 sqm spa, a natural freshwater pool, and a private yoga pavilion attached to every villa. The backstory is unusually personal for a flagged resort: the island has been held by one Maldivian family for decades — IHG's release credits founders Hussain Shareef and Fathimath Naseema by name — and sits above naturally formed underwater caves, a genuine rarity in an archipelago built on predictable reef topography. The one- to three-bedroom villa mix quietly makes this one of the most family-usable boutique openings of the cycle, and the speedboat transfer removes the seaplane cost and cut-off calculus entirely. IHG loyalists get a second luxury-tier option in the country; everyone else gets South Malé's dive channels within minutes. Late 2026 still holds officially — but no month has been named. Explore South Malé Atoll ### What's confirmed - Signed 10 December 2025 with a late-2026 target — IHG's sixth Maldives property - The second Vignette Collection in the country after the Noku Maldives conversion - 52 one- to three-bedroom pool villas, each with its own yoga pavilion - A 3,000 sqm spa with aqua wellness facilities and a natural freshwater swimming pool - Five dining venues, a sports complex with paddle courts, and a kids' club - Owner: Vaagali Investment Pvt Ltd, a subsidiary of Maldivian tourism developer Gateway Maldives — the island has been held by one Maldivian family for decades - Naturally formed underwater caves at the island — pitched by IHG as a rare geological feature for divers - Published sustainability programme: coral restoration, reef monitoring, native-vegetation regeneration, locally sourced craft-led materials ### Still unannounced - The opening date inside "late 2026" — no countdown or booking window yet - Restaurant concepts, villa sizes and rates - The pre-opening team A rare genuinely boutique newcomer — 52 villas, no seaplane, and per-villa yoga pavilions that signal exactly who it's for. Reading for context: [Noku Maldives review](https://luxatolls.com/resorts/noku-maldives/) · [South Malé Atoll guide](https://luxatolls.com/atolls/south-male/) Last verified: 2026-08-14 Next check: November 2026 [Official site ↗](https://www.ihgplc.com/en/news-and-media/news-releases/2025/ihg-expands-luxury-and-lifestyle-footprint-in-the-maldives-with-vaagali-maldives-vignette-collection) No official visuals released yet 03 Villa Resorts ## Villa Eden Maanenfushi · Raa Atoll Under construction — not yet on Villa Resorts' own site, and the name is unconfirmed 42 villas · 25 beach + 17 water · 1–3 bedrooms Transfer: Not published December 2026 target (Villa, February 2026) — no update since Expected opening Villa has run Maldivian resorts since 1986 — the group founded by Qasim Ibrahim, which in 2023 renamed itself Villa Resorts and its islands Villa Nautica and Villa Park. Its next one is a new build: in February 2026 the group began building its first Raa Atoll resort on Maanenfushi, with 42 villas split between 25 beach villas and 17 water villas, from one-bedroom up to a single three-bedroom water villa. The water villas, guest buildings, staff housing and power plant come first; the beach villas follow in a second phase. The name is the soft part. When Villa announced its rebrand in 2022 and 2023, coverage described a luxury eco-resort called Villa Eden on Maanenfushi — though one trade report attached the name to a relaunched Fun Island instead. The February report named no resort, Villa's website lists none, and its April 2025 sales deck shows five islands with no Maanenfushi among them. We use "Villa Eden" because it is the only name ever printed for the project; expect it to be confirmed or replaced when Villa starts selling. Raa is a strong address for a mid-size newcomer — JOALI and JOALI BEING already trade here, and Bvlgari is building at Ranfushi. But December 2026 rests on a single report, the beach villas are a second phase, and nothing is bookable; we would not plan a trip around this one until Villa publishes it. Explore Raa Atoll ### What's confirmed - Villa — the Maldivian group behind Villa Nautica and Villa Park, founded by Qasim Ibrahim — began building its first Raa Atoll resort on Maanenfushi, per a February 2026 report - 42 villas: 22 one-bedroom and three two-bedroom beach villas, plus 15 one-bedroom, one two-bedroom and one three-bedroom water villas - Built in two phases — water villas, guest buildings, staff housing and a power plant first; the beach villas second - Target opening December 2026, as the sixth resort under the Villa brand - "Villa Eden" is the name 2023 coverage of Villa's rebrand gave a luxury eco-resort on Maanenfushi ### Still unannounced - The name — the February 2026 report names no resort, a 2022 report attached "Villa Eden" to a relaunched Fun Island instead, and neither Villa's website nor its April 2025 sales deck mentions Maanenfushi - Whether December holds — the date rests on that single report, and no progress has been published since - Villa sizes, restaurants, the transfer and rates — and any official imagery: the group's brand-asset library holds none The quiet one: a 42-villa Raa island from a Maldivian group that has run resorts since 1986, with a December target nobody has repeated since February. Until Villa puts it on its own website, treat the name and the date as working assumptions. Reading for context: [Raa Atoll guide](https://luxatolls.com/atolls/raa/) · [Villa Nautica review](https://luxatolls.com/resorts/villa-nautica-maldives/) Last verified: 2026-10-14 Next check: December 2026 Official render · SAOTA for DAMAC 04 Mandarin Oriental ## Mandarin Oriental, Bolidhuffaru Reef Bolidhuffaru Reef (three private islands) · South Malé Atoll Construction advanced — spa near-finished, pre-opening directors being hired 120 villas · 64 overwater + 56 beachfront per DAMAC (the 2022 launch said the reverse) · all with pools Transfer: 20–30 min by boat — three official figures circulate Late 2026 – 2027 (unconfirmed) Expected opening Mandarin Oriental has spent two decades being conspicuously absent from the Maldives while nearly every peer — Four Seasons, St. Regis, Ritz-Carlton, Waldorf Astoria — planted flags. Its debut is correspondingly outsized: a $1bn-plus DAMAC development spread across three connected islands on Bolidhuffaru Reef, with 120 standalone pool villas from one to four bedrooms and a spa complex reported to be among the largest in the Indian Ocean at twelve suites. The architecture comes from SAOTA, the Cape Town studio better known for cliff-edge trophy houses than hospitality, with interiors by HBA London working to a brief the trade press summarised as "inspired by Mies van der Rohe" — a hint this will not look like the thatch-and-timber Maldives default. The location choice is quietly strategic. South Malé Atoll sits twenty speedboat minutes from the airport, which means no seaplane weight limits, no daylight-only transfer window, and no $1,000-per-couple flight before the holiday starts — an argument we've seen work well for the atoll's established names. The same lagoon logic is drawing Rosewood, Baccarat and Atlantis to neighbouring reefs: South Malé is becoming the ultra-luxury cluster of the late 2020s. The paper trail runs deeper than most coverage bothers with. The reef platform is itself manufactured — roughly a million cubic metres of dredged sand shaped into 35.2 hectares, 17 km southwest of Malé — and the site was originally slated for DAMAC's own Aykon hotel brand before Mandarin Oriental signed. The main construction contract went to Maldivian builder Aima in March 2023 at about US$148 million, the only hard cost figure this project has produced. Even the basics wobble between official sources: the overwater/beach villa split, the boat time (20, 25 and 30 minutes have all appeared), and the venue count (six, then seven, then eight). Where sources disagree we say so — the construction stream, which reports over 60 overwater villas being built, currently deserves the most weight. Construction reporting through 2026 shows the beach-villa structures complete and the spa nearly finished, and the brand has moved from hiring builders to hiring hotel leadership — historically the tell that an opening sits twelve to eighteen months out, not three. Until Mandarin Oriental commits to a date and a rate card, treat every '2026' claim you read elsewhere as guesswork. Explore South Malé Atoll ### What's confirmed - 120 standalone villas across three islands on a 35.2-hectare reclaimed site, including 10 branded Residences - Developed by DAMAC ($1bn+ group project), architecture by SAOTA with interiors by HBA London — 1–4 bedrooms, every villa with a private pool - Main construction contract: ~US$148M to Maldivian contractor Aima, awarded March 2023 — the only hard cost figure published - The reef platform itself was dredged into being — about a million cubic metres of sand, 17 km southwest of Malé - 1-bedroom beach villa structures complete; spa "almost finished" per 2026 construction reporting - Amenities per the launch release: kids' and teens' clubs, tennis, dive and watersports centres, and a 12-suite Mandarin Spa with hammams and a salon - Pre-opening leadership roles (Director of Engineering, Director of Commercial Strategy) actively recruiting ### Still unannounced - An opening date — sources split between late 2026 and 2027, and Mandarin Oriental has published none - The overwater/beach split — DAMAC's construction stream says 64 overwater; the 2022 brand release said 56. Site reporting ("over 60 overwater under construction") favours DAMAC - The transfer time — 20, 25 and 30 minutes have all appeared in official materials - Named venues — the outlet count itself has drifted from six to seven to eight across releases - Rates — nothing bookable, and no page yet exists on mandarinoriental.com The closest to opening of the luxury pipeline, and the one to watch first: construction reporting shows real momentum, hiring has moved from builders to hotel operators, and the 20-minute speedboat makes it the rare ultra-luxury debut without a seaplane dependency. But with zero named venues and no page on the brand's own site, everything guest-facing is still to come. Reading for context: [South Malé Atoll guide](https://luxatolls.com/atolls/south-male/) · [How to get to the Maldives](https://luxatolls.com/how-to-get-to-maldives/) Last verified: 2026-08-14 Next check: November 2026 Property photo · Six & Six Private Islands 05 Six & Six Private Islands ## Don Maaga Maldives Don Maaga — respelled from "Dhon Maaga" in 2026 (the old domain now redirects) · South Malé Atoll Under development — official site live, private-preview enquiries open 56 villas announced · 31 overwater + 25 beach · plus HIRIGAA, a 5BR buyout private island Transfer: 30-min speedboat from Velana (developer materials) Q1 2027 (the official site quietly moved off "late 2026") Expected opening Six & Six Private Islands earned the right to be tracked the hard way: its first resort, Rah Gili, actually opened in February 2026 — a rarer achievement among new Maldivian brands than it should be. Island two is the plan's ultra-luxury flagship, and note the spelling: the brand now styles it Don Maaga, and the old dhonmaaga.com domain redirects to the new one. The practical facts are better than most coverage suggests — an 11-hectare island in South Malé Atoll, about thirty speedboat minutes from the airport, public since the very first announcement despite the 'location secret' framing that still circulates. The headline product is Hirigaa, a private island-within-the-island reached by its own marina: three villas — one beach house and two elevated overwater villas in the brand's TERRA and AETHR design languages — plus a private overwater pavilion with pool and water slide, spa and steam rooms, a gym, and four dedicated staff quartered in their own service building. It's the fullest expression of the brand's butler programme, which it calls Edhurun (Dhivehi for mentor), staffed alongside Rayyithun — a cultural workforce of local builders, cooks, drummers and artists. The food-and-beverage list is where the personality shows: a Grill Room, Club House dining by the pool, a six-cover Wine Cellar, a Champagne, Lobster & Caviar Bar, Italian, Asian, Indian and Peruvian kitchens — and, rare for the Maldives, a discotheque. Wellness runs to a hydrotherapy pool, hammams, ice rooms and a yoga pavilion, with a kids' club confirmed. This island plans to sell fun as much as hush. Now the honesty: the official site's banner reads 'Unveiling Q1 2027', a quiet slip from the late-2026 line the brand gave trade press as recently as January — unreported almost everywhere. And the villa arithmetic doesn't reconcile: 56 villas of 250–400+ sqm at announcement, 57 in broker materials, with later brand copy citing far larger figures that likely count plots rather than interiors. Resort one is operating and reviewed on this site, so the brand has credibility — but on island two, the numbers still need to settle. Explore South Malé Atoll ### What's confirmed - Property #2 from Six & Six Private Islands, whose first resort — Rah Gili — opened in February 2026 - An 11-hectare South Malé island about 30 speedboat minutes from the airport — public since the November 2024 announcement - Villa categories published: Sunrise & Sunset Water and Beach Villas plus 2–3BR Pavilions — water villas get slides, every villa a pool - HIRIGAA, a five-bedroom island-within-the-island: three villas, its own overwater pavilion with pool and water slide, and four dedicated staff - F&B named on the official site: a Grill Room, Club House pool dining, a six-cover Wine Cellar, a Champagne, Lobster & Caviar Bar — and a discotheque - Named leadership: co-founder and CEO Laith Pharaon; Marc Gussing, Director of Operations - Positioning straight from the brand: Rah Gili is "playful, social and community-led", Don Maaga "private, expansive and discreet" ### Still unannounced - The villa count and sizes — "56 villas, 250–400+ sqm" at announcement; later brand and broker materials run far larger and count 57. The figures don't reconcile - Rates, the GM, and residence pricing — villas sell privately through a UK broker with no public price list - Whether Q1 2027 holds — the brand's first opening slipped a quarter, and this one has now slipped once too Island two has sharpened fast: a real South Malé address, venues with actual personality — a discotheque, a caviar bar — and Hirigaa, a buyout island-within-the-island. The date just slipped to Q1 2027, which the brand hasn't announced so much as quietly edited onto its site. Reading for context: [Rah Gili Maldives review](https://luxatolls.com/resorts/rah-gili-maldives/) · [South Malé Atoll guide](https://luxatolls.com/atolls/south-male/) Last verified: 2026-08-14 Next check: November 2026 [Official site ↗](https://www.donmaaga.com/) Official render · Pulse Hotels 06 Pulse Hotels & Resorts ## Aura Maldives Veyofushi · Baa Atoll (UNESCO Biosphere) Under development — villa and restaurant line-ups published, enquiries only 74 villas per Pulse (71 on the resort's own villa page) · 1–3 bedrooms · 260–890 sqm Transfer: 30-min seaplane, or Dharavandhoo flight + 15-min boat Q1 2027 (slipped twice — from July 2026, then Q4 2026) Expected opening Pulse Hotels & Resorts is the rare Maldivian-owned group with a genuine design identity — Kandima's mega-resort energy, The Nautilus's no-menus hush, Nova's young-couples value — and Aura is pitched as its most nature-led island yet. The design comes from KulörGroup, the same studio behind Finolhu's playful look and Baa's intimate .Here, working to a brief it describes as 'the organic embrace of a cocoon'. The resort's own site now itemises the bones: 35 Beach Retreats of 300 sqm and 28 Overwater Retreats of 260 sqm, six two-bedroom Residences, and two three-bedroom Reserves of 820 and 890 sqm — every one with a private pool, which puts even the entry category among the larger one-bedroom villas in the country. Solasta Spa carries a hammam, plunge pools, a panoramic sauna and, unusually, hyperbaric oxygen therapy, and all seven restaurants are named, from Kin's overwater modern-Asian dinners to Nomads, a Baja California pop-up on the beach. Baa Atoll is the headline argument. Veyofushi sits inside the UNESCO Biosphere Reserve a short hop from Hanifaru Bay, where manta rays gather in their hundreds between June and November — the single most reliable big-animal spectacle in the Maldives. Guests will fly 30 minutes by seaplane or route through Dharavandhoo's domestic strip with a 15-minute boat, the same access pattern that serves the atoll's established luxury names. The calendar has moved twice: July 2026 became Q4 2026 at the February launch, and Pulse's own site now reads 'scheduled opening Q1 2027'. The villa count has drifted alongside it — 71 at launch, 'a private island reserve with five villas' added at May's partner event in Almaty, 74 on Pulse's site today, while the resort's villa page still totals 71. None of that is unusual for a first-time island build, and a developer with four operating resorts is a credible one — but until the numbers settle and a booking engine opens, hold any plan loosely. Explore Baa Atoll ### What's confirmed - The fifth resort from Pulse Hotels & Resorts — the Maldivian group behind The Nautilus, Kandima, Nova and Eri - Pulse's own site now reads "scheduled opening Q1 2027" and counts "74 generous beach and water villas" - The resort's villa page itemises 71, every one with a private pool: 35 Beach Retreats (300 sqm), 28 Overwater Retreats (260 sqm), six two-bedroom Residences (420–500 sqm) and two three-bedroom Reserves (820 and 890 sqm) - Design by KulörGroup, the studio behind Finolhu's look and Baa's .Here — the concept brief is "the organic embrace of a cocoon" - All seven venues named: Kin (overwater modern Asian, dinner only), Embers (beach grill), Enso (omakase teppanyaki), Raha (all-day dining), Solara (beach club and pool bar), Nomads (a Baja California beach pop-up) and Alba (pizzeria) — plus Celeste, an event space - Solasta Spa with a hammam, panoramic sauna, plunge pools and hyperbaric oxygen therapy, plus yoga, meditation and a gym - The Young Wonderers kids club; plastic-free operations and dark-sky, wildlife-friendly lighting in the launch release - Two public slips: July 2026 became Q4 2026 at the February 2026 launch, and Q4 became Q1 2027 on Pulse's site ### Still unannounced - The villa count — 71 at launch, plus "a private island reserve with five villas" announced in May, 74 on Pulse's site today and 71 on the villa page. The figures don't reconcile - Rates and a booking engine (the site takes enquiries only) - The island's name — Veyofushi rests on map gazetteers, not any Pulse release The local-group wildcard has filled in fast: all seven restaurants now have names, and even the entry villas run to 260 sqm, a short hop from Hanifaru Bay's manta circus. But the date has slipped twice, to Q1 2027, and Pulse's own pages disagree on the villa count — treat both as soft until a booking engine opens. Reading for context: [Baa Atoll guide](https://luxatolls.com/atolls/baa/) · [Hanifaru Bay manta season](https://luxatolls.com/journal/hanifaru-bay-manta-season-2026/) Last verified: 2026-10-14 Next check: January 2027 [Official site ↗](https://aura-maldives.com) Official render · Atmosphere Core 07 An Atmosphere Hotel · Atmosphere Core ## ONE BANYAN Amaraa Faru Not named in the release · Kaafu Atoll Signed September 2026 — no construction progress published 118 villas · beach + overwater · 100–164 sqm · all with private pools Transfer: 45-min speedboat from Velana March 2027 (announced September 2026) Expected opening Atmosphere Core has grown fast since its 2013 founding: nine Maldives resorts across three brands — OBLU, The OZEN Collection and Atmosphere Hotels & Resorts — and Amaraa Faru makes ten. It sits under "An Atmosphere Hotel", a sub-brand of the group's namesake label, and launches a new idea, ONE BANYAN: a series of co-branded island resorts, each keeping its own character within the portfolio. The release does not say who or what the co-brand is, and names no owner. The name itself pairs the Sanskrit "amaraa" — eternal — with "faru", Dhivehi for reef. The product is familiar Atmosphere, scaled up: 118 beach and overwater villas, every one with a private pool, from 100 sqm standard beach villas to 117 sqm overwater villas and 164 sqm family beach villas — compact next to most of this page, but family-shaped. Five venues anchor it, among them an Argentinian kitchen and an overwater Japanese restaurant; the spa is the group's ELE|NA Ayur, here with overwater treatment rooms and a 40 sqm saltwater pool. The release puts guests on Atmosphere's Holiday Plan, which it describes as covering dining, wellness, snorkelling and other activities, and promises solar power and in-house glass bottling. Two things to watch. Kaafu Atoll and a 45-minute speedboat ride are all the release gives on location — no island name. And the calendar is tight: an announcement in mid-September and a March 2027 opening leave six months, with no construction progress published. Until an island is named and building news appears, treat March as the plan rather than the date. ### What's confirmed - Announced 14 September 2026 as Atmosphere Core's tenth Maldives resort, under the "An Atmosphere Hotel" sub-brand of Atmosphere Hotels & Resorts - The first of ONE BANYAN, a new series of co-branded island resorts that keep their own identities within the brand - 118 beach and overwater villas, each with a private pool: 100 sqm standard beach villas, 117 sqm overwater villas and 164 sqm family beach villas - In Kaafu Atoll, 45 minutes by speedboat from Velana — no seaplane - Five venues: an all-day restaurant, a main pool bar and three speciality restaurants, including Argentinian and an overwater Japanese - An ELE|NA Ayur spa with overwater treatment rooms, a 40 sqm saltwater pool, sauna and steam, plus a kids' club, ocean-view gym, dive and watersports centre and a promenade of shops - Runs on the group's Holiday Plan — which the release says covers dining, wellness, snorkelling and other activities - Design brief: traditional palm-leaf weaving reworked with Art Deco touches in crème and soft greens; solar power, water conservation and in-house glass bottling announced ### Still unannounced - The island — the release names only Kaafu Atoll and the 45-minute boat ride - Who owns the resort, and who or what ONE BANYAN co-brands with — the release names no owner, developer or partner - Restaurant names, the architect and rates - Whether March 2027 holds — it is six months from the announcement, and no build progress has been published Atmosphere Core already runs nine Maldives resorts, and ONE BANYAN reads like its formula with a new co-brand: pool villas with a family-sized category, the group's Holiday Plan, and a speedboat rather than a seaplane. The six-month runway from announcement to a March 2027 opening is the thing to watch. Reading for context: [VARU by Atmosphere review](https://luxatolls.com/resorts/varu-by-atmosphere/) · [RAAYA by Atmosphere review](https://luxatolls.com/resorts/raaya-by-atmosphere/) Last verified: 2026-10-14 Next check: January 2027 [Official site ↗](https://www.atmospherecore.com/press-release/atmosphere-core-announces-its-10th-maldivian-resort-one-banyan-amaraa-faru-an-atmosphere-hotel.html) Official render · Hilton 08 Tapestry Collection by Hilton ## Coco de Mer Maldives, Tapestry Collection by Hilton Unnamed island, 25 speedboat minutes from Malé · North Malé Atoll (reported — Hilton names no atoll) Under construction — general manager appointed October 2026 75 keys · room categories and sizes unannounced Transfer: 25-min speedboat from Malé June 2027 (Hilton) — "Q2 2027" at the GM's appointment Expected opening Hilton already runs four Maldives resorts under four brands — Conrad Rangali, Waldorf Astoria Ithaafushi, Hilton Amingiri and SAii Lagoon, Curio Collection — and Coco de Mer adds a fifth flag rather than a fifth tier. Tapestry Collection is Hilton's "independent spirit" label: individually designed hotels that keep their own names and character while plugging into Hilton Honors and Hilton's booking channels. The signing, announced on 30 July 2026, covers 75 keys about 25 minutes by speedboat from Malé, with several dining concepts, a wellness centre, a sea sports centre and pickleball courts. That is all Hilton has said about the product; the only visual is a single guest-room rendering. The project behind the flag is Maldivian. Coco de Mer, a local brand, is developing the resort with Gulf Craft Maldives, the local arm of the Dubai yacht builder, and Maldives travel press places it on a reclaimed island in North Malé, west of the capital — marketed as an independent 80-key resort before Hilton signed it at 75. The build is visibly moving: in September the kitchen contractor INEO reported equipment going into the staff kitchen, and on 1 October the resort named its general manager, Ahmed Anees, who has spent 21 years inside Hilton's Maldives portfolio, most recently as director of operations and acting hotel manager at Hilton Amingiri. One caveat on the date. The release body and one FAQ answer say June 2027; another FAQ answer in the same release says "the end of the year", and the GM announcement says Q2 2027. Two of three agree, and a GM in place eight months out is the right signal — but there are no rates, room categories or restaurant names yet. ### What's confirmed - Signed 30 July 2026 as the first Tapestry Collection by Hilton in the Maldives — Hilton's fifth resort and fifth brand in the country, after Conrad, Waldorf Astoria, Hilton and Curio Collection - 75 keys, about 25 minutes by speedboat from Malé — no seaplane or domestic flight in the transfer - Facilities in the release: several dining concepts, a wellness centre, a sea sports centre and pickleball courts - A Maldivian project: the local brand Coco de Mer is developing it with Gulf Craft Maldives, the Maldivian arm of the Dubai yacht builder - Construction under way — kitchen contractor INEO reported fitting out the staff kitchen on 7 September 2026, with the build "on schedule" - General manager named on 1 October 2026: Ahmed Anees, 21 years inside Hilton's Maldives resorts — Conrad Rangali, Waldorf Astoria Ithaafushi and Hilton Amingiri, where he was director of operations and acting hotel manager - Hilton Honors participation confirmed in the release ### Still unannounced - The month — the release body says June 2027, one of its own FAQ answers says "the end of the year", and the GM announcement says Q2 2027 - The island's name and exact site — Hilton gives only the boat time; Maldives travel press places the reclaimed plot in North Malé, west of the capital - Room categories and sizes, restaurant names, the designer and rates — Hilton has released a single guest-room rendering Hilton's lifestyle brand arrives small: 75 keys a 25-minute boat ride from the airport, Hilton Honors points, and a career Hilton Maldives operator already in the GM's chair. Construction reports say it is on schedule — but Hilton's own release gives both June 2027 and "the end of the year", so trust the quarter, not the month. Reading for context: [Hilton in the Maldives](https://luxatolls.com/hilton-maldives/) · [SAii Lagoon review](https://luxatolls.com/resorts/crossroads-saii-lagoon/) Last verified: 2026-10-14 Next check: Q1 2027 [Official site ↗](https://stories.hilton.com/releases/hilton-lifestyle-growth-signings-in-thailand-and-the-maldives) Official render · Bulgari Hotels 09 Bulgari Hotels & Resorts ## Bvlgari Resort Ranfushi Ranfushi ("little gold island"), 20 hectares · Raa Atoll Pre-opening — GM appointed, Instagram live, nothing bookable 54 keys · 1 private-islet Bvlgari Villa + 33 beach + 20 overwater Transfer: 45-min seaplane — with a Bulgari-branded 8-seat cabin 2027 (slipped from 2025, then 2026) Expected opening Bulgari runs the smallest and most expensive hotel collection of any luxury house — ten properties where peers run eighty — and Ranfushi is engineered to extend that scarcity to the Indian Ocean. The 54-key programme is deliberately tight: 33 beach villas, 20 overwater, and a single Bvlgari Villa occupying its own islet. ACPV Architects, the Milan studio of Antonio Citterio and Patricia Viel that has designed every Bulgari hotel, is handling the island — expect the brand's precise Italian modernism rather than barefoot rustic. The dining reveal is the strongest of any unopened Maldives resort. Il Ristorante – Niko Romito arrives with the three-Michelin-star chef's format that anchors Bulgari's Rome, Dubai and Tokyo dining rooms; Bao Li Xuan transplants the two-star Cantonese kitchen from the Shanghai hotel; Hōseki handles Japanese; La Spiaggia does daytime Italian. Even the 45-minute seaplane ride has been branded — an eight-seat cabin conversion in Bulgari livery. Two public date slips (2025, then 2026, now 2027) earn scepticism, but the operational tells are accumulating — and the GM hire is the strongest of them. Enver Arslan was appointed back in July 2025, poached from running JOALI and JOALI BEING, the Raa Atoll neighbours that currently own the top of this market; a dedicated Instagram followed in July 2026, and the resort presents at ILTM. Note the 2027 date only surfaced publicly after May 2026 — press was still printing 2026 that month. When rates land, expect Cheval Blanc-and-above pricing — this will contest the most expensive stays in the country. Explore Raa Atoll ### What's confirmed - The brand's tenth property and first in the Maldives, designed by ACPV Architects (Antonio Citterio Patricia Viel) - Four named restaurants: Il Ristorante – Niko Romito (the three-Michelin-star signature), Bao Li Xuan, Hōseki and La Spiaggia, plus The Bvlgari Bar - 54 keys: one Bvlgari Villa on its own islet, 33 beach villas with pools, 20 overwater villas - A 45-minute seaplane transfer in a Bulgari-branded 8-seat cabin conversion - GM appointed July 2025: Enver Arslan, previously Area GM of JOALI and JOALI BEING, with a Four Seasons career before that; dedicated Instagram posting since July 2026 - Beyond dining: a private library, a Bvlgari boutique and the La Galleria concept store, a yoga pavilion and fitness centre - The project includes building a new islet specifically to host nesting seabirds — its only published sustainability specific ### Still unannounced - Villa sizes in sqm and detailed category names - The Bvlgari Villa's specs — a five-bedroom, ~13,000 sq ft figure circulates from one ILTM report, uncorroborated - Rates and bookable dates - A month or season for the 2027 opening - Real photography — everything public is an architectural render The richest teaser of the pipeline: Bulgari has already named its whole dining lineup — including the Niko Romito flagship that anchors every Bulgari resort — and even branded the seaplane cabin. Twice-slipped dates earn scepticism, but when a hotel group starts appointing GMs and posting to a property Instagram, the runway is usually real. Expect Cheval Blanc-tier pricing. Reading for context: [Raa Atoll guide](https://luxatolls.com/atolls/raa/) · [Cheval Blanc Randheli review](https://luxatolls.com/resorts/cheval-blanc-randheli/) Last verified: 2026-08-14 Next check: Q1 2027 [Official site ↗](https://www.bulgarihotels.com/en_US/ranfushi) Official render · Baccarat Hotel & Residences 10 Baccarat · Starwood Hotels ## Baccarat Hotel & Residences Maldives Five interconnected islands, 111+ acres · South Malé Atoll Residence sales live through appointed agents; no hotel bookings 100 villas + 50 residences per the official site today — earlier official counts said 50+ villas and 53, then 62, residences Transfer: 30 min (2024 release) vs 45 min (official site today) by boat 2027 (holding since the 2024 announcement) Expected opening Baccarat's New York flagship proved a crystal maison could run a hotel; the Maldives project tests whether it can anchor a private-island economy. The structure tells the story — the hotel villas are almost a supporting act to the branded residences, from two-bedroom overwater homes to seven-bedroom private-island mansions, actively marketed since 2024 with HKS architecture and 1508 London interiors revealed in March 2026: 20-metre infinity pools, dual outdoor showers, fire pits, personal yoga pavilions. Agent materials quote from about US$5.1 million for a two-bedroom to $42.5 million for a private island, on sub-lease tenure with an optional hotel-managed rental programme — figures the brand itself has never published. Watch the counts, though, because officially they will not sit still: "more than 50" hotel villas at the 2024 announcement became 85 in Forbes and reads "collection of 100 villas" on the official site today, while the residences went 53, then 62 at the March 2026 reveal, then 50 on the current site. Even the boat time moved from 30 to 45 minutes between the release and the site. The operator has changed names too — Barry Sternlicht's SH Hotels & Resorts now trades as Starwood Hotels — and behind it sits a developer, MDC Investments, that almost no coverage mentions. None of this is disqualifying; it is what a masterplan in motion looks like from outside. South Malé keeps stacking up as the cycle's development atoll: Baccarat joins Mandarin Oriental, Rosewood, Atlantis and Zamani within the same lagoon system, all trading on boat-not-seaplane access. The driving range, nine-hole golf course and turtle rehabilitation centre are the kind of land-hungry amenities only a five-island, 111-acre footprint allows. 2027 has held since announcement — but with no month, no chef names and no rate card, treat it as directional. Explore South Malé Atoll ### What's confirmed - The first Baccarat-branded hotel and residences in Asia-Pacific, operated by Barry Sternlicht's Starwood Hotels (the operator formerly named SH Hotels & Resorts) - Developer identified: MDC Investments LLC, sister company of Madevco Holdings — a fact almost no consumer coverage carries - Five interconnected South Malé islands across 111+ acres; architecture by HKS, interiors by 1508 London - First venue names: The Bar at Baccarat Hotel & Residences and a Baccarat Champagne & Cigar lounge, plus an unnamed signature restaurant - The March 2026 design reveal: 20-metre private infinity pools, dual outdoor showers, fire pits and personal yoga pavilions on the residences - Announced amenities include a Baccarat crystal garden, outdoor cinema, art gallery, driving range, nine-hole golf course, tennis and a turtle rehabilitation centre - Hand-cut crystal-inspired columns reference the maison's heritage against Maldivian pitched roofs - A dedicated project Instagram has run since 2024 (~14K followers) ### Still unannounced - The real counts — the official site now says 100 villas and 50 residences; the 2024 release said "more than 50" villas, the March 2026 reveal said 62 residences, Forbes prints 85 villas. The official numbers keep moving - The opening month - Restaurant line-up — "celebrity chefs" teased, none named - Rates — agent materials quote residences from about US$5.1M (2BR) to $42.5M (private islands) on sub-lease tenure, but Baccarat has published no prices A residences-first play: homes on sale years before a nightly rate exists — and official counts that have shifted three times, which tells you the masterplan is still moving. Reading for context: [South Malé Atoll guide](https://luxatolls.com/atolls/south-male/) Last verified: 2026-08-14 Next check: Q1 2027 [Official site ↗](https://baccaratmaldivesresidences.com) Official render · Arab Builders for Rosewood 11 Rosewood Hotels & Resorts ## Rosewood Ranfaru Reclaimed island chain around the Ranfaru lagoon · South Malé Atoll Under construction — hotel-leadership hiring live on Rosewood's careers site ~120 villas · 1–5 bedrooms · all with private pools · a few on private islands · plus residences Transfer: 35-min yacht or 10-min seaplane from Velana 2027 (slipped from Q1 2025) Expected opening Rosewood enters the Maldives with more confirmed construction tonnage than any other unopened project — 95,092 sqm of built-up area across thirteen packages, backed by Qatar's Estithmar Holding at a stated $343 million — and almost nothing guest-facing revealed. That combination is very Rosewood: Vienna and Doha were unveiled late and fully formed. What is confirmed: roughly 120 beachfront and overwater villas from one to five bedrooms, every one with a private pool, several occupying their own private islands within the reclaimed Ranfaru lagoon chain. Two brand signatures are locked in by name. Asaya, Rosewood's integrative wellness concept, will anchor the spa; the Rosewood Explorer's Club — the children's programme that quietly makes the brand a family option despite its hushed image — is also confirmed. Transfer choices were published unusually early: 35 minutes by yacht or 10 by seaplane, the South Malé advantage again. The paper trail is unusually rich if you know where to look — and nobody consumer-facing has looked. Rosewood's own careers site geolocates every pre-opening posting to Guraidhoo in South Malé, about 34.5 km from the airport; the supervision consultant's project page describes a lagoon of roughly 500 hectares; and the delivery chain is fully documented across contractor sites, from Urbacon's design-and-build scope to the fit-out packages to the concrete batching plant standing on the island. Most telling: directors of marketing, wellness, engineering and finance are being hired right now, and the managing-director posting has already come down — filled. That is the same builders-to-hoteliers handover we flag at Mandarin Oriental, and it points the same direction. A 1.4-million-tree planting initiative and solar farm, signed with the Tourism Ministry on-site in 2025, rounds out the picture of a project building for permanence. The 2027 window follows a slip from the original Q1 2025 target; nothing is bookable, and no restaurant has a name yet. Watch this one through Q1 2027. Explore South Malé Atoll ### What's confirmed - Rosewood's Maldives debut: roughly 120 beachfront and overwater villas, 1–5 bedrooms, all with private pools, several on their own private islands — plus luxury residences in the construction scope - A $343M project by Royal Resorts (Estithmar Holding, Qatar) — 95,092 sqm of built-up area across 13 construction packages - Located by Rosewood's own hiring pages at Guraidhoo, South Malé — about 34.5 km from the airport, in a lagoon of roughly 500 hectares - Pre-opening directors of marketing, wellness, engineering and finance are recruiting now; the managing-director posting has already closed - A named delivery chain: EHAF supervising, UCC (Urbacon) design-and-build, Arab Builders on fit-out, with a concrete batching plant installed on-site - Asaya (Rosewood's wellness concept) and the Rosewood Explorer's Club for kids are confirmed by name; paddle courts and a beach club per the launch release - Transfer options published early: 35 minutes by yacht or 10 by seaplane - A 1.4M-tree planting and solar-farm initiative signed with the Tourism Ministry on-site in 2025 ### Still unannounced - Named villa categories, sizes and counts — early Estithmar materials broke 120-odd villas into 94 one-bed, 26 two-bed, 6 three-bed and 2 four-bed plus five private islands, never re-confirmed - Every restaurant and bar — zero venues named - Rates, booking dates, and anything beyond an interim teaser page The quiet giant: more confirmed construction tonnage than any other project on this list, backed by Qatari capital, yet almost nothing guest-facing has been revealed. Rosewood tends to unveil late and fully formed (see Vienna, Doha). The South Malé location — yacht-transfer range, like the Mandarin Oriental — signals where the next ultra-luxury cluster is forming. Reading for context: [South Malé Atoll guide](https://luxatolls.com/atolls/south-male/) Last verified: 2026-08-14 Next check: Q1 2027 [Official site ↗](https://www.rosewoodhotels.com/en/ranfaru) Official render · Killa Design for Atoll Estates 12 Atoll Estates ## Zamani Islands Eight islands in a natural lagoon, 21 nm from Velana · South Malé Atoll Design phase — residences selling off-plan; no resort operator named 475 keys across three resorts (199 + 74 + 201) + private estates (14 off-plan in phase 1) Transfer: Not published — 21 nautical miles from the airport 2027 (slipped from spring 2026) Expected opening Zamani is the Maldives reimagined as a Dubai master plan: eight islands, three resorts totalling 475 keys, a convention centre, and — the genuine first — a 120-berth superyacht marina where every residence comes with its own berth. Killa Design, the studio behind Dubai's Museum of the Future, is master-planning; the renewable-energy target (100% via building-integrated solar) would also be a Maldives first if delivered. The founders are Amit Majumder and Dmitry Bourtov, and the sales machine is running well ahead of the construction one: agent materials offer the phase-one estates — fourteen off-plan, from four-bedroom mansions with private tender piers to an eight-bedroom island — from US$25 million on 99-year strata leasehold, each with lifetime mooring for a yacht up to 50 metres and yacht-club membership thrown in. Atoll Estates itself publishes none of these prices, and the wellness programme now claims the country's first medical spa among three planned centres. The scepticism writes itself — starting with the calendar. Yachting trade reported marina construction would *begin* in 2026; brokers still market completion in 2026; the official site says 'unveiling in 2027'. Those cannot all be true. And no operator brand has been attached to any of the three resorts — in an industry where flags sign years ahead. The residences are selling off-plan regardless. Until a marina piling goes in or a brand signs, this is the pipeline's biggest claim and its least proven. Explore South Malé Atoll ### What's confirmed - The Maldives' first superyacht marina: 60,000 sqm and 120 berths with yacht club, crew facilities and provisioning — every residence includes a private berth - Founded and curated by Amit Majumder and Dmitry Bourtov of Atoll Estates - Three planned resorts branded "Elegant", "Vibrant" and "Dvnes" across a 482-hectare, eight-island site extending 5 km into a natural lagoon — 475 keys in total - 26 food-and-beverage venues planned, including a claimed largest underwater restaurant in the Maldives, plus a 7,850 sqm convention centre - Three wellness centres planned, including what the site claims will be the country's first medical spa - Master planning by Killa Design (Dubai's Museum of the Future); residences by YoDezeen - A certification stack targeted in writing: LEED Zero, WELL, BREEAM Communities, Green Globe and EarthCheck, with 100% renewable energy and a 70-hectare coral relocation programme ### Still unannounced - Any hotel operator for any of the three resorts - Whether marina or resort construction has actually started — yachting trade said construction would *begin* in 2026, while brokers market completion in 2026 and the site says 2027. The three timelines cannot all be true - Island names and official residence pricing — agent materials quote estates from US$25M on 99-year strata leasehold, with lifetime mooring for a 50-metre yacht; Atoll Estates itself publishes no prices The largest pipeline in the country on paper — and the receipts matter: 'spring 2026' has already become 'unveiling in 2027', with not one flag attached. Reading for context: [South Malé Atoll guide](https://luxatolls.com/atolls/south-male/) Last verified: 2026-08-14 Next check: Q1 2027 [Official site ↗](https://atollestates.com/) Artist impression · Maxx Royal Resorts 13 Maxx Royal Resorts ## Maxx Royal Maldives Ul'laanee Falhu — four named islands: Iru, Udu, Fen and Thari · North Malé Atoll In development — official site live with all four islands named Overwater + garden villas, all with private pools · multi-bedroom formats · final count unconfirmed Transfer: ~30-min speedboat from Velana Autumn 2027 Expected opening Maxx Royal built its reputation running some of the Mediterranean's most lavish resorts, and its first move abroad skips the usual soft entry: a multi-island destination in North Malé's Ul'laanee Falhu lagoon, a speedboat half-hour from the airport. The brand's own site now names four islands — Iru, Udu, Fen and Thari — and its US Green Building Council registration spans six lettered parcels targeting LEED Platinum, which would be a first at this scale in the country. The dining reveal is the tell for ambition: Dani García's Leña and Wolfgang Puck's Spago are confirmed, with the fullest announcement cut adding Casa Sol and Caviar Kaspia, both transplants from the brand's Turkish flagships. The ownership story is worth knowing: Maxx Royal belongs to ETS Group, the empire of Turkey's largest tour operator, founded by Mehmet Ersoy — who currently serves as Türkiye's minister of culture and tourism. That pedigree explains the formula: enormous kitchens, family programming taken seriously (two kids' clubs are already named), and service ratios that embarrass most competitors. The structure echoes what The Atollia proved works — a connected multi-island destination with a secluded tier, here Thari, a private enclave with its own beach, dedicated wellness and the Kiaya butler programme. The open question that matters most: whether Maxx All, the brand's famous premium all-inclusive, crosses the ocean with it. Autumn 2027 is the stated line; the villa count itself is still officially unconfirmed. Explore North Malé Atoll ### What's confirmed - The Turkish ultra-luxury group's first resort outside Turkey (Belek, Kemer, Bodrum are its home trio) — parent ETS Group was founded by Mehmet Ersoy, currently Türkiye's tourism minister - Four named islands at Ul'laanee Falhu in North Malé Atoll — Iru, Udu, Fen and Thari — about 30 minutes by speedboat - Two named restaurants already: Leña by Spanish chef Dani García and Spago by Wolfgang Puck — the fullest release cut adds Casa Sol and Caviar Kaspia from the brand's Turkish resorts - Thari Island forms a private enclave with its own beach, wellness facilities and Maxx Royal's Kiaya butler service - Registered with the US Green Building Council across six lettered island parcels — the consultant's stated target is LEED Platinum - Two kids' programmes (Maxxi Land and the Young Royals Club), a marine biology centre and a manta protection programme - Overwater and garden villas, all with private pools, including multi-bedroom family formats ### Still unannounced - Final villa count and category detail — a "41 villas" figure floats on aggregators, unconfirmed by the brand - Whether the brand's Maxx All premium all-inclusive model crosses over from Turkey — the most consequential open question here, and no one has answered it in print - Rates and booking window - Whether autumn 2027 holds — no slip yet, but no construction milestones published either Turkey's all-in luxury formula — big kitchens, bigger service ratios — lands in the Maldives with two celebrity-chef flags planted before a single villa is finished. Reading for context: [North Malé Atoll guide](https://luxatolls.com/atolls/north-male/) Last verified: 2026-08-14 Next check: Q1 2027 [Official site ↗](https://maxxroyal.com/maldives) Official render · Hyatt 14 Hyatt Regency ## Hyatt Regency Samarafushi Maldives Samarafushi · North Malé Atoll Design published — Park + Associates; no bookings or GM yet 130 villas · beachfront, treetop + overwater · all with private pools · 24 acres Transfer: 25-min speedboat from Velana Late 2027 (holding since Sep 2024) Expected opening Hyatt choosing the Regency flag over Park Hyatt or Alila for its fourth Maldives island is the strategic tell: this is built to widen the funnel, not cap it. A 25-minute speedboat transfer, 130 private-pool villas including a treetop category, and a Regency Club lounge elevated into the canopy with Globalist lounge access — the loyalty math writes itself for World of Hyatt members who've been redeeming at Hadahaa's seaplane prices. The owner connection is the under-reported part: SingHaiyi already runs the 120-villa Grand Park Kodhipparu twenty minutes away, so this is a proven Maldives operator adding a second island under a bigger flag — not a first-timer learning reef logistics. One caution flag our fact-check surfaced: the 'underwater dining venue' that circulates in coverage traces to a single Forbes piece from May 2026 — Hyatt's own release describes four venues with no underwater restaurant among them, and no other source corroborates it. We print what Hyatt confirms. Late 2027 has held for two years without a slip, which in this pipeline counts as discipline. Explore North Malé Atoll ### What's confirmed - Hyatt's first Hyatt Regency in the Maldives and fourth property nationally, after Park Hyatt Hadahaa, Alila Kothaifaru and The Standard, Maldives (a Hyatt brand since Hyatt bought Standard International on 1 October 2024) — developer SingHaiyi (Singapore) - SingHaiyi's second Maldives island: it also owns the 120-villa Grand Park Kodhipparu, twenty minutes away under its own Park Hotel flag - 130 private-pool villas in three official categories — Beach Villas, Water Top Villas and Tree Top Villas — on a 24-acre island - Dining per Hyatt: a sunset bar, beach club, Japanese specialty restaurant and all-day dining, plus a fitness pavilion and yoga deck - An 8-room spa, kids' club, dive centre, and a treetop Regency Club lounge with Globalist access - Design by Singapore's Park + Associates — masterplan, architecture and interiors in their entirety, on a reef-derived palette that deepens from sand to blue to canopy green ### Still unannounced - Villa sizes, rates and the World of Hyatt award category - The underwater dining venue reported by Forbes — it appears nowhere in Hyatt's own materials - Construction milestones and the GM The points-earners' beachhead: a first-in-country Hyatt Regency 25 minutes from the airport, positioned deliberately under Park Hyatt on price. Reading for context: [Park Hyatt Hadahaa review](https://luxatolls.com/resorts/park-hyatt-hadahaa/) · [North Malé Atoll guide](https://luxatolls.com/atolls/north-male/) Last verified: 2026-08-14 Next check: Q1 2027 [Official site ↗](https://newsroom.hyatt.com/2024-09-25-Hyatt-Unveils-Plans-for-Hyatt-Regency-Samarafushi-Maldives) Official render · Aman 15 Aman ## Amanolu, Aman Maldives Foththeyo Island · Vaavu Atoll Construction underway — access and shore works per the environmental filings 52 pavilions (1–3BR, all with pools) + 16 five-bedroom branded residences (own islets) Transfer: Not announced 2028 (Aman, September 2026) — no month yet Expected opening Aman resorts don't open so much as materialise — for two years this one had no date at all, and the brand's 155-monthly-search US following waited anyway. In September 2026 it got a name, Amanolu, and a year, 2028. What's confirmed for its 21st country is the shape: 52 pavilions of one to three bedrooms, every one with a private pool, arranged across Foththeyo island and its extensions in Vaavu Atoll, plus 16 five-bedroom Aman Residences on their own islets — each with a 25-metre pool, staff quarters and a private berth. Kerry Hill Architects, the studio behind Amanemu and Aman Tokyo, is designing; a 2,638-square-metre Aman Spa takes its own wellness island, with two private Spa Houses — the brand signature where a couple books the entire building. A residence-enquiry form is already live on aman.com, which means the sales pipeline opened before a single rate or date did. Vaavu is the inspired part. The Maldives' least-developed central atoll has exactly the profile Aman trades on — silence, space, and a single world-class natural asset: Fotteyo Kandu, the channel dive that Maldivian divemasters routinely rank the country's best, minutes from the resort site. Our Vaavu guide covers why the atoll's channels produce the fish density they do; Aman guests will have them nearly alone. Everything else — venues, sizes, rates, even the transfer arrangement — is unannounced, and the environmental filings are the only proof of construction pace. Trade press had been printing 2027; Aman's own announcement says 2028, a year later, and its website still says 'coming soon'. A year is a target, not a date. Explore Vaavu Atoll ### What's confirmed - Aman's first Maldives resort — its 21st country — on Foththeyo in Vaavu, the atoll of the famous Fotteyo Kandu dive channel - Named Amanolu on 24 September 2026, with a 2028 opening — "Aman" plus "olu", after the water lily. Aman's own page still says only "coming soon" - 52 pavilions of one to three bedrooms, every one with a private pool, split between the main island and extensions - 16 five-bedroom Aman Residences, each on its own islet with a 25 m pool, staff quarters and a private berth (the 2024 launch said five to ten bedrooms) - Kerry Hill Architects (Amanemu, Aman Tokyo) on design; a 2,638 sqm Aman Spa on its own wellness island, with two private Spa Houses - Announced 24 September 2024 with a Vlad Doronin quote; a residence-enquiry form is already live on aman.com — no prices - A beach club, private dining locations, dive centre and watersports facilities per the announcement - Construction confirmed by environmental-impact filings and trade reporting ### Still unannounced - A month, or even a season, for 2028 — and aman.com itself still says only "coming soon" - Transfer arrangements — nothing published at all - Any named restaurant, villa category, size or rate - A dedicated Instagram — only the global @aman account exists The most-searched name on this list (155/mo in the US already) and the least-revealed. That's the Aman way — but it means everything here beyond the pavilion count is speculation, and we won't print speculation. Vaavu is an inspired choice: the Maldives' least-developed central atoll, with Fotteyo Kandu — routinely ranked among Asia's best dives — on the doorstep. Reading for context: [Vaavu Atoll guide](https://luxatolls.com/atolls/vaavu/) Last verified: 2026-10-20 Next check: Q1 2027 [Official site ↗](https://www.aman.com/aman-maldives) Official render · Nammos Hotels 16 Nammos World · ADMO Lifestyle Holding ## Nammos Resort Maldives Nedafushi — a water-drop-shaped private island · South Malé Atoll (reported — brand-unconfirmed) In development — architects still list it at schematic design 48 villas · 7 branded island villas + 17 water + 24 beach Transfer: Not published Early 2028 (per the CEO — after slips from 2025, 2026 and 2027) Expected opening Nammos began as a taverna on Psarou Beach around 2003 — founding partner Zannis Fratzeskos still fronts the brand — and became shorthand for a certain Mediterranean scene: superyachts at anchor, champagne showers, a beach club that functions as a stage. Today it belongs to ADMO Lifestyle Holding, a joint venture between Abu Dhabi's Alpha Dhabi and Monterock International, and the Maldives translation is deliberately small: 48 villas on water-drop-shaped Nedafushi, designed by Elastic Architects in what they call Aegean language rendered in Maldivian materials, with the signature restaurant, a private marina, padel courts and a designer retail village carrying the brand's social gravity. The dates tell their own story: announced March 2023 for 2025, then 2026, then 2027, and in June 2026 the CEO reset expectations to early 2028 — while ADMO's own portfolio page still prints 2027, an official house divided against itself. Meanwhile the brand's Red Sea resort at Amaala is now slated to open first, making the Maldives the first announced but second delivered. The architects still list the project at schematic design, and even the atoll remains unconfirmed by the brand. We track it because the pull is real; we'd plan nothing around it yet. ### What's confirmed - Nammos World — the Mykonos beach-club empire, owned by ADMO Lifestyle Holding, a joint venture of Abu Dhabi's Alpha Dhabi and Monterock International — announced its Maldives resort on 28 March 2023, then targeting 2025 - 48 keys: seven branded island villas, 17 water villas, 24 beach villas, by Greece's Elastic Architects - A signature Nammos restaurant, wellness spa and private marina anchor the concept — ADMO's own materials add padel and tennis courts, a designer retail village, and separate family and adults' zones - CEO Carolyn Turnbull, June 2026: "The Maldives property is set to open in early 2028" - The brand's first resort to open will actually be Nammos Amaala on the Red Sea — the Maldives is the first announced, second to open - Aegean design language "translated into the language of the Maldives" around the island's water-drop shape ### Still unannounced - The atoll — South Malé is repeated by aggregators but unconfirmed by the brand; "Nedafushi" appears in no tourism-ministry development register we checked, consistent with a renamed island or newer lease - Which official date to believe — ADMO's own portfolio page still prints 2027 while its CEO says early 2028 - Transfer arrangements and whether the island villas are for sale - Construction status beyond schematic design Three timeline slips make it the tracker's slip champion — the question is whether Mykonos party energy can survive translation to a 48-villa island. Reading for context: [Maldives map & atolls](https://luxatolls.com/maldives-map/) Last verified: 2026-08-14 Next check: Q1 2027 [Official site ↗](https://www.nammoshotels.com/destinations/maldives) Official render · Fusion Hotel Group 17 Fusion Hotel Group · Real Asset Maldives ## Fusion Resort Maldives Unnamed lagoon site — 1 natural + 4 reclaimed islands · Gaafu Dhaalu Atoll Management agreement signed — pre-construction, reclamation capped at 25 ha 185 villas · 80 overwater + 105 beach · plus branded residences Transfer: Seaplane or domestic flight + short boat (routing unconfirmed) 2028 (announced Feb 2026) Expected opening Fusion built its Vietnamese reputation on a simple inversion: wellness included, not upsold — daily spa treatments bundled into the stay. Its first move abroad brings that formula to Gaafu Dhaalu, the far-southern atoll where Ayada and Pullman have proven the long-haul guest will come, but where the international flag count remains thin. The 185-villa programme is anchored by an overwater Maia Spa and rounded out with an organic farm and marine-education centre. What most coverage missed is that the company behind the promise changed hands a month after the signing: Fusion was acquired in March 2026 by Suchad Chiaranussati, the SC Capital Partners founder assembling a pan-Asian hotel platform of roughly 16,000 rooms with Hotel Management Japan and Indonesia's Topotels. That's institutional capital standing behind a 2028 date that would otherwise rest on a first-time Maldives developer — Real Asset Maldives — which has no public track record beyond two named directors. The environmental structure is notable for a reclamation project: four new islands, but capped at 25 hectares of the lagoon (whose own size the release states inconsistently — both "130 hectares" and "one million square metres"). The deep south means a domestic flight in the itinerary — our Gaafu Dhaalu guide covers the routing — and 2028 is a fresh, untested date from a February 2026 signing. Early, but credible bones. Explore Gaafu Dhaalu Atoll ### What's confirmed - Vietnam's wellness-led Fusion Hotel Group signed its first property outside Vietnam on 27 February 2026, with Real Asset Maldives - A month later Fusion itself was acquired by Suchad Chiaranussati, founder of Singapore's SC Capital Partners, joining his pan-Asia hotel platform of roughly 16,000 rooms - 185 villas — 80 overwater, 105 beach — around one hectare of natural island, plus a limited collection of branded residences for sale - Concept design led by Fusion's own in-house creative team - Wellness-first programme: an overwater Maia Spa, wellness centre, organic farm, and a dive and marine-education centre - F&B includes an underwater restaurant, grill, all-day dining, sunset bar and a "Lifestyle Village Square" of retail and pop-ups - Reclamation is capped at 25 hectares to protect the marine ecosystem — though the release calls the lagoon both 130 hectares and one million square metres, figures that don't agree ### Still unannounced - The lagoon and island names - Transfer routing — Kaadedhdhoo vs Kooddoo is unconfirmed - Residence counts and whether 2028 means soft opening or completion - Who Real Asset Maldives is — beyond two named directors, the developer has no public track record anywhere Vietnam's spa-inclusive formula — where treatments come with the room — tests the deep south, where big international flags are still scarce. Reading for context: [Gaafu Dhaalu Atoll guide](https://luxatolls.com/atolls/gaafu-dhaalu/) · [Ayada Maldives review](https://luxatolls.com/resorts/ayada-maldives/) Last verified: 2026-08-14 Next check: Q1 2027 [Official site ↗](https://fusionhotelgroup.com/fusion-goes-global-brand-launches-first-new-resort-outside-vietnam-in-the-maldives/) Official render · Chedi Hospitality 18 Chedi Hospitality · JIH Global ## Chedi Kan'baashaa Maldives Not disclosed Partnership signed April 2026 — everything else TBA Boutique hotel · overwater + beachfront villas + limited branded residences Transfer: Not published 2028 (portfolio listing; the release itself gives no date) Expected opening The Chedi name carries weight among design-hotel devotees — Muscat and Andermatt built its reputation for serene, architecture-first luxury — and a question that stumped early coverage is now settled: Chedi Hospitality is GHM itself, the group's 2025 rebrand under CEO Stephan Schupbach, so this project carries the genuine lineage. Its Maldives debut comes through a partnership with JIH Global, chaired by Mohamed Ali Janah, one of the country's most experienced developers. Beyond the concept line — boutique hotel, overwater and beach villas, a limited residence collection — and the working name Kan'baashaa, almost nothing has been disclosed. One lead from the government paper trail: the tourism ministry's development register lists a real island named Kanbaashaa in far-north Kaafu near the Gaafaru channel — though the brand has not named its island, and the plot's registered 2022 lessee was a different company, so we hold it as a lead rather than a fact. Worth knowing: this is the Chedi name's second run at the Maldives. An earlier project attached to Kudavillingili around 2020 ended with that island opening independently. The 2026 partnership is unrelated — but it's a reminder that in this market, a brand announcement is the beginning of a negotiation with reality, not the end of one. ### What's confirmed - Chedi Hospitality and JIH Global Investments announced their partnership on 1 April 2026 in Dubai — the Chedi name's Maldives debut - Chedi Hospitality is GHM renamed: the group behind Chedi Muscat and Chedi Andermatt rebranded in 2025 under CEO Stephan Schupbach, so this is the real lineage, not a licensed name - Concept confirmed: a boutique hotel with overwater and beachfront villas plus a limited collection of branded residences - JIH's chairman is Mohamed Ali Janah, a veteran Maldivian developer with 50+ completed projects across four decades - Chedi Hospitality's portfolio lists the project as "Chedi Kan'baashaa", dated 2028 — one of 15 pipeline projects the group dates 2027–2032 - Historic footnote: an earlier "Chedi" project at Kudavillingili (announced c. 2020) ultimately opened as the independent Kuda Villingili Resort — this is a separate venture ### Still unannounced - The island and atoll — the tourism ministry's register lists a real island named Kanbaashaa in far-north Kaafu, near the Gaafaru channel, but the brand has not confirmed it and the plot's 2022 lessee was a different company - Villa and residence counts, the architect, and any timeline beyond the portfolio year A name, one render and a 2028 portfolio date — the real story is a heavyweight Maldivian developer bringing a storied design-hotel name home. Reading for context: [Maldives map & atolls](https://luxatolls.com/maldives-map/) Last verified: 2026-08-14 Next check: Q1 2027 [Official site ↗](https://chedihospitality.com/) Official render · Nobu Hospitality 19 Nobu Hospitality ## Nobu Hotel & Residences Maldives Munyafushi · Laamu Atoll Announced February 2026 — notify-me list live, pre-construction 56 hotel villas (26 beach + 30 overwater) + 10 Island Estate Residences on private islets Transfer: Not published — Laamu access is domestic flight + boat Late 2028 (trade press; Nobu itself gives no date) Expected opening Nobu's Maldives debut inverts the usual resort math: fifty-six hotel villas is boutique scale, but the headline inventory is the ten Island Estate Residences — each occupying its own islet, each including a private yacht in the deal, an archipelago-of-one model no other brand here has attempted. These are for-sale homes with pavilion-style living spaces and private beachfront, marketed for ownership before any price exists. Even the restaurant gets its own island — bar, lounge and Chef Nobu's Japanese-Peruvian menu — a flex only a group that began as a restaurant would consider essential. Laamu is a statement choice: an atoll with just two resorts today (Six Senses Laamu and the smaller Rahaa Resort), a domestic flight south, with some of the country's best surf and seagrass ecosystems. That isolation cuts both ways — the journey adds a leg, and the support infrastructure of the central atolls is far away. With no official date and 'late 2028' resting on trade press, this is one to admire from a distance for now. Explore Laamu Atoll ### What's confirmed - Nobu Hospitality and Sarat International (with Sarat Investments) announced the Munyafushi project on 12 February 2026 — CEO Trevor Horwell fronting for Nobu, MD Ali Ahsan for Sarat - 26 beach villas and 30 overwater villas (one to two bedrooms), plus ten Nobu Island Estate Residences — each on its own private islet, and each including a private yacht - The residences are a for-sale product marketed for ownership — no pricing has been published anywhere - The Nobu restaurant takes its own private island, with bar and lounge, serving Chef Nobu's Japanese-Peruvian cuisine - Design direction published without an architect: Japanese heritage, angular forms, natural materials, muted palette - Spa, dive centre, tennis and event spaces confirmed at concept level - nobuhotels.com runs a notify-me list; nothing is bookable ### Still unannounced - Any official opening date — "late 2028" is trade reporting only, and blogs print everything from 2026 to 2027 - The architect, the transfer product, villa sizes, rates and residence pricing — all verified absent from every source, not merely unannounced by us - Construction start and the general manager Nobu is selling rarity, not rooms: a restaurant with its own island and just ten one-island residences, run as a boat-linked micro-archipelago. Reading for context: [Laamu Atoll guide](https://luxatolls.com/atolls/laamu/) Last verified: 2026-08-14 Next check: Q1 2027 [Official site ↗](https://www.nobuhotels.com/hotel-collection/maldives/) Project render · Kerzner / Assets Group 20 Kerzner International · Assets Group ## Atlantis The Royal Maldives Vaaredhdhoo Faru · South Malé Atoll Announced November 2025 — pre-construction 493 keys · 270 rooms + 223 villas & mansions incl. 2 underwater villas Transfer: 10-min seaplane or 25-min speedboat from Velana 2029 Expected opening Nothing in the Maldives has ever been built at this scale. Atlantis The Royal Maldives proposes 493 keys across a Family Island and a Luxury Island, a 70,000-square-metre Aquaventure waterpark, a Lost Chambers aquarium, twenty dining venues including the underwater Ossiano, and two underwater villas — on Vaaredhdhoo Faru, ten seaplane minutes from the airport. It is, unapologetically, Dubai's formula exported whole. The Qatari thread is the credibility argument nobody prints: Assets Group already operates the Waldorf Astoria Ithaafushi — arguably the country's most commercially successful mega-luxury resort — and its chairman, construction magnate Moutaz Al Khayyat, is simultaneously delivering Rosewood Ranfaru through his Estithmar group. The same capital axis is now behind three of South Malé's flagship projects. The named venues are straight Dubai transplants — Ossiano's underwater dining, Gastronomy, the Royal Tea Room, Aquaventure's Neptune and Poseidon towers — which answers the design question before any architect does: this will be Atlantis, faithfully. The comparison worth making is Centara's Atollia, reviewed on this site: the two-island family/adult split at a fraction of the scale, already operating twenty minutes north. Atlantis quintuples that bet. One physical question hangs over it all — "Vaaredhdhoo Faru" is a reef, not an island, which implies major reclamation neither partner has addressed. The 2029 date is far enough out that nothing needs to be true yet — no architect is named, no ground broken — but Kerzner's announcement machinery reads like a group that intends to build it. Explore South Malé Atoll ### What's confirmed - Kerzner International and Qatar's Assets Group announced the project on 11 November 2025 for a 2029 opening - Assets Group is already deep in the Maldives: it operates the Waldorf Astoria Ithaafushi, and its chairman Moutaz Al Khayyat's Estithmar group is delivering Rosewood Ranfaru next door - A dual-island layout — "Family Island" and "Luxury Island" — across 1,368,890 sqm (~137 hectares) with 5.8 km of beachfront - 493 keys: 270 hotel rooms plus 223 villas and mansions, including two underwater villas - Aquaventure anchored by replicas of Dubai's Neptune and Poseidon towers — 70,000 sqm, up to 15 rides — plus a Lost Chambers aquarium - 20 venues announced, with named Dubai transplants: Ossiano (underwater), Gastronomy and the Royal Tea Room, plus two beach clubs - Wellness per the release: a longevity clinic, botanical-alchemy zone, overwater yoga deck and recovery studio, plus sports academies and luxury retail - Coral and seaweed regeneration under the Atlantis Atlas Project ### Still unannounced - The architect, construction start, and whether any villas are for sale - Whether the reef site will be reclaimed — "Vaaredhdhoo Faru" is a reef, which implies land-building, and neither partner has addressed it - Rates and booking window - How a 493-key operation handles Maldives logistics — staffing, supply and transfer volume are all unprecedented at this scale The biggest single-resort bet in Maldives history — Dubai's megaresort formula dropped onto a reef, and a deliberate break from one-island-one-resort intimacy. Reading for context: [Centara Mirage Lagoon review](https://luxatolls.com/resorts/centara-mirage-lagoon/) · [South Malé Atoll guide](https://luxatolls.com/atolls/south-male/) · [Family vacation guide](https://luxatolls.com/family-vacation/) Last verified: 2026-08-14 Next check: Q1 2027 [Official site ↗](https://www.hospitalitynet.org/announcement/41013607.html) Official render · Samana Developers 21 SAMANA Developers · ELIE SAAB Maison ## Samana Ocean Views — Interiors by Elie Saab Medhafushi Island · Haa Alifu Atoll Off-plan sales phase — pay-5%-get-pre-title-deed promos running; no construction reported 190 residences · six official unit types from 1BR villas to 3BR upper-floor water villas · all with pool or jacuzzi Transfer: ~20-min speedboat from Hanimaadhoo International, or ~45-min seaplane from Malé 2027–2029 (sources conflict; completion talk centres on 2029) Expected opening This is the project that only exists because of an airport. Hanimaadhoo International's new A320-capable runway opened in late 2025, and Samana — one of Dubai's most prolific off-plan developers — moved fast, placing 190 Elie Saab-dressed residences a claimed twenty-minute speedboat from the terminal. The model is Dubai's, transplanted: buy the branded beachfront villa, overwater bungalow or apartment; the resort amenities exist to serve the owners. The sales mechanics are pure Dubai off-plan: pay 5% (or 2%) on booking against a pre-title deed, roughly four-year instalment plans, launch pricing from about US$2.3 million per the event coverage, and phased releases — pool apartments first, villas "by invitation". Even the project's basic numbers move between Samana's own materials: the island is 11.74 hectares on the current project page but 507,651 sq ft (about a third of that) in earlier releases, and the headline value drifts between $594 and $598 million by outlet. We print the drift because it is the single most useful thing a buyer or guest can know at this stage. The far north is genuinely unproven territory for this — Haa Alifu's resort count remains small, and the promised international routes into Hanimaadhoo are still ramping up. Add an unresolved timeline (completion talk centres on 2029; the earlier "2027" traces only to blogs) and no named hotel operator, and this entry is best read as a real-estate story with a resort attached — for now. Explore Haa Alifu Atoll ### What's confirmed - A project announced January 2025 at a stated value near US$600M (the exact figure drifts between $594M and $598M by outlet) — SAMANA's first branded-residence collaboration and ELIE SAAB's first Maldives real-estate project - Six official unit types: 1BR beach and water villas, 2BR suites and water villas, and 3BR water villas including an upper-floor variant - The island spans 11.74 hectares per Samana's project page — its earlier materials cited 507,651 sq ft, and the two figures don't reconcile - Three signature restaurants planned — Japanese and Arabic cuisines named — plus an 18,000 sq ft childcare facility - A hybrid model: resort amenities (spa, dining, kids' club, dive centre) around for-sale homes, with a coral-restoration initiative attached - Marketed on proximity to the new Hanimaadhoo International Airport — a ~20-minute speedboat claim, with a ~45-minute seaplane alternative from Malé - ELIE SAAB Maison handles all interiors ### Still unannounced - The hotel operator and rental-pool mechanics for owners — no operator has been named anywhere - The opening year — completion talk centres on 2029; the "2027" you'll read elsewhere traces to blog-tier sources only - Actual construction status on Medhafushi - Official pricing — launch coverage and brokers quote from roughly US$2.3M, with current agent sheets higher, but Samana publishes no price list Dubai's off-plan machine imports couture branding to the far north — timed to the new jet runway twenty minutes away. Reading for context: [Haa Alifu Atoll guide](https://luxatolls.com/atolls/haa-alifu/) Last verified: 2026-08-14 Next check: Q1 2027 [Official site ↗](https://www.samanadevelopers.com/projects/samana-ocean-views) Announcement render · Dar Global 22 Announcement render · Dar Global Trump Hotels · Dar Global ## Trump International Hotel Maldives Unverified — the partners' own sites disagree Announced only — no groundbreaking reported 80–100 villas (the two partners publish different counts) Transfer: Claimed 25-min speedboat — inconsistent with the stated atoll 2028–2030 (announced 2028, financing docs say 2030) Expected opening The announcement arrived in November 2025 with genuine scale attached — a $300 million partnership between the Trump Organization and Dar Global, the London-listed international arm of Saudi Arabia's Dar Al Arkan, for roughly 80 ultra-luxury villas and a 2028 completion. Since then the project has become a case study in why this page separates confirmed from claimed. The villa count moved to 'approximately 100' in the February 2026 financing release. The completion date moved to 2030. And most tellingly, the two partners still publish incompatible locations: Dar Global's page says Noonu Atoll; Trump Hotels' says 25 minutes by speedboat from Malé. Those cannot both be true. The financing structure is the actual story so far: the world's first tokenized hotel development, with World Liberty Financial and Securitize issuing tokens against loan revenue — legally a private placement under US Rule 506(c), open only to accredited investors and non-US persons, with the Trump Organization holding 'indirect economic interests only'. Note the gap between the marketing ('everyday investors can gain access') and the legal reality (they can't, unless accredited). Nearly all press coverage since launch has centred on the token sale rather than the hotel — and no groundbreaking has been reported anywhere. A practical warning while the hype runs: no verified booking channel exists, and consumer press has already documented would-be guests being circulated 'private reservation links'. Nothing about this resort can be booked, reserved or deposited on today, by anyone. Until an island is named, ground is broken, and the partners agree on which atoll they're building in, there is nothing here to plan a holiday around. ### What's confirmed - Announced November 2025 as a $300M partnership between the Trump Organization and Dar Global — the London-listed international arm of Saudi developer Dar Al Arkan - Roughly 80 villas per the launch release — "approximately 100 ultra-luxury beach and overwater villas" in the February 2026 tokenization release - The financing is a private placement for accredited investors (US securities Rule 506(c)) with tokens issued via Securitize; the Trump Organization holds "indirect economic interests only" - Dar Global's project page runs a "Book Unit" sales funnel with concept lists — a caviar lounge, cigar room, overwater fine dining — none of it beyond marketing copy yet - A completion target that has already moved: "end of 2028" at launch, "2030" by February 2026 ### Still unannounced - The resort's location: Dar Global's page says Noonu Atoll; Trump Hotels' page says 25 minutes by speedboat from Malé — those are mutually exclusive, and no island is named - Any construction start — no groundbreaking has been reported anywhere - Villas, venues, operator details, rates — nothing beyond renders exists We track it because people ask — but this is the thinnest project on the list by a distance. When the two partners can't agree publicly on which atoll the resort is in, and coverage centres on the token sale rather than the hotel, the sensible read is: nothing to plan a holiday around until ground actually breaks and a real island gets named. Reading for context: [Maldives map & atolls](https://luxatolls.com/maldives-map/) Last verified: 2026-08-14 Next check: After a groundbreaking + verified location [Official site ↗](https://www.trumphotels.com/properties/trump-international-hotel-maldives) Official CGI · Corinthia Hotels 23 Corinthia Hotels · Niro Investment Group ## Corinthia Maldives Two reclaimed islands in lagoon K-19 (names unpublished) · Kaafu Atoll Reclamation and first-phase works under way — MTCC + China State Construction 73 villas official (Forbes, May 2026, reports 85 + 10 residences — unreconciled) Transfer: ~15 minutes by speedboat (2023 local reporting) 2030 (per Corinthia's PR director — after slips from Q4 2025 and 2028) Expected opening Corinthia's Maldives debut carries the pipeline's most honest lesson about timelines: the 2023 announcement promised a Q4 2025 opening, the brand's own site later moved it to 2028, and in October 2026 its PR director told us the opening is now slated for 2030 — almost five years of slide on a resort being reclaimed from open lagoon. That's the cost of building islands before building villas, and it's why this page treats every reclamation-first project's date as provisional. The design justifies the patience. HKS has shaped the entire resort around the manta ray — the main pavilion traces the curve of its wings — across a two-island scheme with a deliberate split: the larger island's villas are designed for families and groups, the smaller reserved as an exclusive-use hideaway, all about fifteen speedboat minutes from the airport. Five restaurants run by 'internationally renowned brands' are promised but unnamed, and even the key count differs between Corinthia's site and Forbes. When the numbers converge, the opening is probably real. One thread from the government paper trail worth knowing: the tourism ministry's development register places Lagoon 19 roughly 12 km northeast of the airport — and its 2022 edition listed the plot under Dutch Docklands, the floating-architecture developer, before the Maarah lease. The lagoon that will hold Corinthia's manta pavilion was once earmarked for a very different future. Ownership runs Malta–Romania–Dubai: Corinthia manages for Maarah, a DIFC-registered vehicle of Romania's Niro Investment Group. ### What's confirmed - Hotel management agreement signed 17 May 2023 between Corinthia and Maarah Pvt Ltd — a DIFC-registered UAE affiliate of Romania's Niro Investment Group - About 15 minutes from the airport by speedboat, per Maldivian reporting of the announcement - Manta-ray-inspired architecture by HKS — the main pavilion follows the curve of the ray's wings - A two-island scheme: the larger island's villas designed for families and groups, the smaller reserved as an exclusive-use private island - Five restaurants "operated by internationally renowned brands" are planned - Named project team: RLB Hoolooman, MTCC (reclamation), China State Construction, Beaufort Global; named principals include Corinthia CEO Simon Naudi and Maarah MD René Beil - Corinthia's Director of PR & Communications told LuxAtolls on 29 Oct 2026 that the opening "is currently slated for 2030"; the brand's Maldives page still said "Opening 2028" on 3 Nov 2026 ### Still unannounced - The island names — only "Kaafu lagoon 19" is public - Final key count: 73 on Corinthia's site versus 85+10 in Forbes (27 May 2026) - Restaurant operator brands and residence pricing The cautionary tale for reading Maldives dates: announced for Q4 2025, now 2030 — and still the most distinctive architecture story of the late pipeline. Reading for context: [Maldives map & atolls](https://luxatolls.com/maldives-map/) Last verified: 2026-10-29 Next check: Q1 2027 [Official site ↗](https://www.corinthia.com/en-gb/maldives/) Official render · Fari Islands / Pontiac Land 24 Capella Hotels & Resorts ## Capella Maldives, Fari Islands Reclaimed island in the Fari Islands · North Malé Atoll Off Capella's own website — only the Fari Islands site still carries a page 57 villas & mansions · all with private infinity pools Transfer: ~50-min speedboat (published); no Capella seaplane option is confirmed Undated — Capella has dropped it from its own site; third parties still say 2027 Expected opening The Fari Islands were master-planned as a trio: The Ritz-Carlton and Patina opened in 2021, and the Capella island has sat as the archipelago's famous missing piece ever since. The target ran from 2020 through at least four public slips — Capella's own page still said "Opening 2025" in 2022 — and the brand no longer publishes one at all. Its Maldives address has redirected to the Capella homepage since at least January 2026, its destination list carries hotel openings dated through 2029 but no Maldives hotel, and owner Pontiac Land's July 2025 Fari Islands release names The Ritz-Carlton, Patina and the Fari Campus staff island — not Capella. Two third-party pages still print 2027: a Maldives travel blog and the spa consultant's project listing. What survives is the specification, still published on the Fari Islands' own Capella page: Kengo Kuma architecture with André Fu interiors, 57 villas and mansions with private infinity pools, and the four-quadrant Keveli dining pavilion with a Michelin-starred omakase bar — alongside the Auriga spa its consultant describes, flotation tank included. Guests would inherit the Fari Marina ecosystem its two neighbours already share. We review both neighbours on this site: if Capella does arrive, this is Patina's neighbourhood at a tier above. A note on the numbers you'll read elsewhere: several aggregators print "40 villas", copying each other's error — the official figure is 57 — and the villa-size tables circulating on booking-adjacent sites appear in no official source. Capella has published no sizes. When a fact doesn't exist, we'd rather tell you that than invent one. Explore North Malé Atoll ### What's confirmed - Kengo Kuma architecture with André Fu interiors — the credits on Capella's last live Maldives page (2022) and on the Fari Islands' Capella page today - 57 villas and mansions on land and over water, every one with a private infinity pool - Keveli, the signature oceanfront venue, spans four dining quadrants including a chophouse with Californian wines and a Michelin-starred omakase bar - Auriga Spa & Wellness: six treatment rooms, one with a flotation tank, and a VIP suite with a hydrotherapy tub — per spa consultant GOCO Hospitality and 2020 trade press - Capella has taken it off its own site: capellahotels.com/en/capella-maldives has redirected to the brand homepage since at least January 2026, and the destination list — hotel openings dated through 2029 — has no Maldives hotel, only its sister brand Patina - Owner Pontiac Land's July 2025 Fari Islands release describes a four-island archipelago of The Ritz-Carlton, Patina and Fari Campus, the staff island — Capella is not mentioned - The original target was Q4 2020, and Capella's own page still said "Opening 2025" in August 2022 — the pipeline's longest-running project ### Still unannounced - Whether a Capella resort is still planned at all — neither Capella nor Pontiac Land has said, and the Fari Islands page that still describes it gives no date - The island's own name and Capella's transfer product — the published cluster access is speedboat; no seaplane option has been confirmed for Capella - Villa sizes — no official figures exist anywhere; the size tables circulating on aggregator sites are unsourced - A general manager, rates or a booking window Kengo Kuma finishing the Fari triptych is still the most interesting design story on this page — but Capella has quietly taken the Maldives off its own website, and owner Pontiac Land's July 2025 release describes Fari Islands without it. On the evidence, this is no longer a 2027 opening; it is an unscheduled one. Reading for context: [Ritz-Carlton Fari Islands review](https://luxatolls.com/resorts/ritz-carlton-maldives/) · [Patina Maldives review](https://luxatolls.com/resorts/patina-maldives/) · [North Malé Atoll guide](https://luxatolls.com/atolls/north-male/) Last verified: 2026-10-14 Next check: Q1 2027 [Official site ↗](https://fari-islands.com/capella-maldives) No official visuals released yet 25 Dusit International ## Devarana – Dusit Retreat Maldives Not announced Signed 2025, revealed January 2026 — the earliest-stage entry here Not announced Transfer: Not announced Not announced — absent from Dusit's published 2026 openings, so 2027 at the earliest Expected opening Dusit has quietly become one of the Maldives' more interesting operators — Dusit Thani on Baa's manta coast since 2012, DusitD2 Feydhoo's lifestyle play opened in 2025 and reviewed on this site — and Devarana is its most ambitious flag: an ultra-luxury retreat brand built entirely around the group's Thai wellness heritage. A Maldives island devoted to it would be the country's first dedicated wellness-retreat-brand resort from an Asian operator. That's nearly the entire confirmed story — no island, no date, no keys, no renders — but the edges are readable. The signing surfaced on 14 January 2026 among Dusit's record 24 deals of 2025, and the group's own 2026 openings list pointedly does not include it, which makes 2027 the earliest realistic horizon. The brand context helps too: Devarana retreats exist only as signings in China and India (the first, in Karnataka's coffee country, runs 75 villas and opens 2028), so the Maldives would be the flag's first island anywhere. And you can preview the concept today — Devarana Wellness already operates at Dusit Thani Maldives on Baa, treetop treatment rooms included. We list it because the brand's two operating Maldives properties give the signing credibility, and because when details land, they'll land here first. ### What's confirmed - A signed management agreement, disclosed on 14 January 2026 in Dusit's record-signings announcement — 24 deals in 2025, its all-time high - Will be Dusit's third Maldives property, after Dusit Thani Maldives (Baa) and DusitD2 Feydhoo - The brand: Devarana – Dusit Retreats, Dusit's ultra-luxury wellness-retreat flag launched in 2023 for "bespoke healing experiences at private sanctuaries" - This will be the brand's third market and first island resort — existing Devarana retreats are signed only in China and India - The Devarana Wellness concept already operates in-country at Dusit Thani Maldives, treetop treatment rooms and all — the closest thing to a preview that exists - A useful timing signal: Dusit's own 2026 openings list does not include the Maldives retreat ### Still unannounced - The island, atoll, transfer, key count, owner and opening year — none announced - Whether it will be a new build or a conversion - Renders — none have been released A name and a promise: the Maldives' first dedicated wellness-retreat-brand island from an Asian operator, tracked precisely because everything else is unknown. Reading for context: [Dusit Thani Maldives review](https://luxatolls.com/resorts/dusit-thani-maldives/) · [DusitD2 Feydhoo review](https://luxatolls.com/resorts/dusitd2-feydhoo/) Last verified: 2026-08-14 Next check: Q1 2027 [Official site ↗](https://www.dusit-international.com/en/newsroom/news-releases/689/dusit-records-all-time-high-hotel-signings-in-2025-positions-for-a-strong-year-of-openings-in-2026) Side by side ## The pipeline at a *glance* | Resort | Atoll | Expected opening | Keys | Transfer | | --- | --- | --- | --- | --- | | Mandarin Oriental, Bolidhuffaru Reef | South Malé Atoll | Late 2026 – 2027 (unconfirmed) | 120 villas | 20–30 min by boat — three official figures circulate | | Aura Maldives | Baa Atoll (UNESCO Biosphere) | Q1 2027 (slipped twice — from July 2026, then Q4 2026) | 74 villas per Pulse (71 on the resort's own villa page) | 30-min seaplane, or Dharavandhoo flight + 15-min boat | | Bvlgari Resort Ranfushi | Raa Atoll | 2027 (slipped from 2025, then 2026) | 54 keys | 45-min seaplane — with a Bulgari-branded 8-seat cabin | | Rosewood Ranfaru | South Malé Atoll | 2027 (slipped from Q1 2025) | ~120 villas | 35-min yacht or 10-min seaplane from Velana | | Amanolu, Aman Maldives | Vaavu Atoll | 2028 (Aman, September 2026) — no month yet | 52 pavilions (1–3BR, all with pools) + 16 five-bedroom branded residences (own islets) | Not announced | | Don Maaga Maldives | South Malé Atoll | Q1 2027 (the official site quietly moved off "late 2026") | 56 villas announced | 30-min speedboat from Velana (developer materials) | | Trump International Hotel Maldives | Unverified | 2028–2030 (announced 2028, financing docs say 2030) | 80–100 villas (the two partners publish different counts) | Claimed 25-min speedboat — inconsistent with the stated atoll | | Mondrian Maldives | Noonu Atoll | 2026 (no month announced) | 105 villas | 45-min seaplane from Velana | | Vaagali Maldives, Vignette Collection | South Malé Atoll | Late 2026 (announced Dec 2025 — holding) | 52 villas | 30-min speedboat from Velana | | Maxx Royal Maldives | North Malé Atoll | Autumn 2027 | Overwater + garden villas, all with private pools | ~30-min speedboat from Velana | | Capella Maldives, Fari Islands | North Malé Atoll | Undated — Capella has dropped it from its own site; third parties still say 2027 | 57 villas & mansions | ~50-min speedboat (published); no Capella seaplane option is confirmed | | Baccarat Hotel & Residences Maldives | South Malé Atoll | 2027 (holding since the 2024 announcement) | 100 villas + 50 residences per the official site today — earlier official counts said 50+ villas and 53, then 62, residences | 30 min (2024 release) vs 45 min (official site today) by boat | | Zamani Islands | South Malé Atoll | 2027 (slipped from spring 2026) | 475 keys across three resorts (199 + 74 + 201) + private estates (14 off-plan in phase 1) | Not published — 21 nautical miles from the airport | | Nobu Hotel & Residences Maldives | Laamu Atoll | Late 2028 (trade press; Nobu itself gives no date) | 56 hotel villas (26 beach + 30 overwater) + 10 Island Estate Residences on private islets | Not published — Laamu access is domestic flight + boat | | Hyatt Regency Samarafushi Maldives | North Malé Atoll | Late 2027 (holding since Sep 2024) | 130 villas | 25-min speedboat from Velana | | Corinthia Maldives | Kaafu Atoll | 2030 (per Corinthia's PR director — after slips from Q4 2025 and 2028) | 73 villas official (Forbes, May 2026, reports 85 + 10 residences — unreconciled) | ~15 minutes by speedboat (2023 local reporting) | | Nammos Resort Maldives | South Malé Atoll (reported — brand-unconfirmed) | Early 2028 (per the CEO — after slips from 2025, 2026 and 2027) | 48 villas | Not published | | Chedi Kan'baashaa Maldives | Unverified | 2028 (portfolio listing; the release itself gives no date) | Boutique hotel | Not published | | Fusion Resort Maldives | Gaafu Dhaalu Atoll | 2028 (announced Feb 2026) | 185 villas | Seaplane or domestic flight + short boat (routing unconfirmed) | | Samana Ocean Views — Interiors by Elie Saab | Haa Alifu Atoll | 2027–2029 (sources conflict; completion talk centres on 2029) | 190 residences | ~20-min speedboat from Hanimaadhoo International, or ~45-min seaplane from Malé | | Atlantis The Royal Maldives | South Malé Atoll | 2029 | 493 keys | 10-min seaplane or 25-min speedboat from Velana | | Devarana – Dusit Retreat Maldives | Unverified | Not announced — absent from Dusit's published 2026 openings, so 2027 at the earliest | Not announced | Not announced | | Coco de Mer Maldives, Tapestry Collection by Hilton | North Malé Atoll (reported — Hilton names no atoll) | June 2027 (Hilton) — "Q2 2027" at the GM's appointment | 75 keys | 25-min speedboat from Malé | | ONE BANYAN Amaraa Faru | Kaafu Atoll | March 2027 (announced September 2026) | 118 villas | 45-min speedboat from Velana | | Villa Eden | Raa Atoll | December 2026 target (Villa, February 2026) — no update since | 42 villas | Not published | The enabling layer ## New airports are making the *wave possible* None of this construction boom makes sense without the runway story. In November 2025 the Maldives inaugurated the expanded Hanimaadhoo International Airport in the far north — a $136.6M, Indian-financed project with a 2,465 m runway that handles A320s and 737s and a terminal built for 1.3 million passengers a year. For northern atolls that were previously a seaplane odyssey away, direct international arrivals are now physically possible — which is precisely why projects like the Elie Saab residences chose the far north. Reality check: as of mid-2026 Hanimaadhoo hosts exactly one international route (Thiruvananthapuram, India) alongside domestic runs — capacity has arrived before demand. Meanwhile Maafaru International in Noonu has become the country's private-jet gateway with 804 jet movements in 2025 (up 38%), Velana's vast new Terminal 1 opened in July 2025 and is still ramping up, and three more airports are moving: Vihafaru (Noonu) began reclamation in January 2026 tied to a new resort, Dhidhdhoo (far north) completed a 112-hectare reclamation in 50 days, and Vilufushi (Thaa) has an 18-month delivery pledge. Where runways go, resorts follow — usually about three years behind. These made it ## New-generation resorts that are *already open* Six resorts have come through this pipeline since late 2024 and now take real bookings — each with a full LuxAtolls review, verified transfer pricing where published, and honest reef notes. [Centara Mirage Lagoon North Malé · Opened November 2024 From $541/night](https://luxatolls.com/resorts/centara-mirage-lagoon/) [Centara Grand Lagoon North Malé · Opened April 2025 From $1,093/night](https://luxatolls.com/resorts/centara-grand-lagoon/) [Ananea Madivaru North Ari · Opened April 2025 From $671/night](https://luxatolls.com/resorts/ananea-madivaru/) [DusitD2 Feydhoo North Malé · Opened July 2025 From $693/night](https://luxatolls.com/resorts/dusitd2-feydhoo/) [Meliá Whale Lagoon South Ari · Opened January 2026 (as Meliá) From $650/night](https://luxatolls.com/resorts/melia-whale-lagoon/) [Rah Gili South Malé · Opened February 2026 From $938/night](https://luxatolls.com/resorts/rah-gili-maldives/) Pipeline Index · Oct 2026 edition ## The Maldives Resort Pipeline *Index* The Index puts numbers on the tracker: how many announced resorts have a real date, how often those dates move and by how much, how many keys are coming and where. Every figure is computed from the 25 entries on this page — the brands' own statements, with trade-press dates shown but never counted — so it changes the moment an entry does. Methodology and citation sit at the end of the section. 25 Announced resorts tracked 2,775 Keys announced 9 Have moved their date 3 Have named a month ### What the brands first said, and what they say now One row per announced resort. A gold line runs from the brand's first public opening target to its current one; a dark dot is a target that has held; a hollow dot is a year that appears only in trade press and is not counted. The grey band is the precision the brand actually stated — a whole year, a season, a quarter. [Download chart (PNG)](https://luxatolls.com/images/pipeline-index/slip-chart.png?v=cbd3956c) [Live SVG](https://luxatolls.com/data/pipeline-index-chart.svg) [Data (CSV)](https://luxatolls.com/data/pipeline-index.csv) Embed this chart ### What the numbers say Date certainty 3 of 25 · have named an opening month - Named a month · **3** - A quarter · **2** - A season or half-year · **4** - A year only · **11** - No date from the brand · **5** For 3 of the 5 undated, the only year in print comes from trade press. Dates that moved 9 of 25 · have moved their opening date - Capella, Fari Islands · Moved 4 times, now undated - Nammos · 31 mo - Corinthia · 56 mo - Bvlgari Ranfushi · 24 mo - Aura (Pulse) · 7 mo - Rosewood Ranfaru · 29 mo - Trump International · 20 mo - Zamani Islands · 15 mo - Don Maaga (Six & Six) · 3 mo 17 changes between them; the average shift is 23 months. Every project that reached its first date moved it beforehand. Keys 2,775 keys · announced — about 13% of the villas open today - Atlantis The Royal Maldives · **493** - Zamani Islands · **475** - The other 20 projects, together · **1,807** Two schemes are 35% of it. The other 20 average 90 keys, against 115 at a typical operating resort; 3 projects have not published a count. Where 14 of 25 · sit within boat reach of the airport - South Malé Atoll · **8** - Rest of Kaafu, incl. North Malé · **6** - Other atolls · **8** - Atoll unconfirmed · **3** Of the 16 with a published transfer, 10 are speedboat-only, 3 seaplane, 3 offer either. Build status 7 of 25 · have construction reported - Construction reported · **7** - Resort conversion · **1** - Design or development · **8** - Announced only · **8** - Status unclear · **1** The rest are conversions, designs, signings or announcements — none of them bookable. Who's building 18 of 23 · flagged projects bring a brand new to the Maldives - New to the Maldives · **18** - Expanding an existing portfolio · **5** - No operator named yet · **2** Only 5 add to an operator that already runs a Maldives resort. ### Project by project Sorted by the number of public date changes, then by how far the date moved. "Never dated" means the brand has not published a target; "trade press only" marks a year that appears in trade reporting but not from the brand. Each name links to the full entry and its sources. | Resort | Brand | Announced | First public target | Current target | Moves | Slip | Build status | | --- | --- | --- | --- | --- | --- | --- | --- | | Capella Maldives, Fari Islands | Capella Hotels & Resorts | — | Q4 2020 | Withdrawn · 2027 · trade press only | 4 | — | Status unclear | | Nammos Resort Maldives | Nammos World · ADMO Lifestyle Holding | Mar 2023 | 2025 | early 2028 | 3 | 31 mo | Design or development | | Corinthia Maldives | Corinthia Hotels · Niro Investment Group | May 2023 | Q4 2025 | 2030 | 2 | 56 mo | Construction reported | | Bvlgari Resort Ranfushi | Bulgari Hotels & Resorts | — | 2025 | 2027 | 2 | 24 mo | Construction reported | | Aura Maldives | Pulse Hotels & Resorts | Feb 2026 | Jul 2026 | Q1 2027 | 2 | 7 mo | Design or development | | Rosewood Ranfaru | Rosewood Hotels & Resorts | — | Q1 2025 | 2027 | 1 | 29 mo | Construction reported | | Trump International Hotel Maldives | Trump Hotels · Dar Global | Nov 2025 | late 2028 | 2030 | 1 | 20 mo | Announced only | | Zamani Islands | Atoll Estates | — | spring 2026 | 2027 | 1 | 15 mo | Design or development | | Don Maaga Maldives | Six & Six Private Islands | Nov 2024 | late 2026 | Q1 2027 | 1 | 3 mo | Design or development | | Amanolu, Aman Maldives | Aman | Sep 2024 | 2028 | 2028 | 0 | — | Construction reported | | Atlantis The Royal Maldives | Kerzner International · Assets Group | Nov 2025 | 2029 | 2029 | 0 | — | Announced only | | Baccarat Hotel & Residences Maldives | Baccarat · Starwood Hotels | 2024 | 2027 | 2027 | 0 | — | Design or development | | Chedi Kan'baashaa Maldives | Chedi Hospitality · JIH Global | Apr 2026 | 2028 | 2028 | 0 | — | Announced only | | Coco de Mer Maldives, Tapestry Collection by Hilton | Tapestry Collection by Hilton | Jul 2026 | Jun 2027 | Jun 2027 | 0 | — | Construction reported | | Fusion Resort Maldives | Fusion Hotel Group · Real Asset Maldives | Feb 2026 | 2028 | 2028 | 0 | — | Announced only | | Hyatt Regency Samarafushi Maldives | Hyatt Regency | Sep 2024 | late 2027 | late 2027 | 0 | — | Design or development | | Maxx Royal Maldives | Maxx Royal Resorts | — | autumn 2027 | autumn 2027 | 0 | — | Design or development | | Mondrian Maldives | Mondrian · Ennismore | Mar 2025 | 2026 | 2026 | 0 | — | Resort conversion | | ONE BANYAN Amaraa Faru | An Atmosphere Hotel · Atmosphere Core | Sep 2026 | Mar 2027 | Mar 2027 | 0 | — | Announced only | | Vaagali Maldives, Vignette Collection | Vignette Collection · IHG | Dec 2025 | late 2026 | late 2026 | 0 | — | Design or development | | Villa Eden | Villa Resorts | Feb 2026 | Dec 2026 | Dec 2026 | 0 | — | Construction reported | | Devarana – Dusit Retreat Maldives | Dusit International | Jan 2026 | Never dated | No date | 0 | — | Announced only | | Mandarin Oriental, Bolidhuffaru Reef | Mandarin Oriental | 2022 | Never dated | No date | 0 | — | Construction reported | | Nobu Hotel & Residences Maldives | Nobu Hospitality | Feb 2026 | Never dated | late 2028 · trade press only | 0 | — | Announced only | | Samana Ocean Views — Interiors by Elie Saab | SAMANA Developers · ELIE SAAB Maison | Jan 2025 | Never dated | 2029 · trade press only | 0 | — | Announced only | ### Methodology What counts as a date #### The brand's own words only A target counts when the brand or its development partner published it: an official site, a press release, an executive quote, a careers or portfolio page. Dates that appear only in trade press are shown in grey and never counted as a move. What counts as a move #### A later statement naming a later period Each documented change is counted once, however it was phrased. A brand that stops publishing a date is marked withdrawn, not moved. A project announced without a date and still undated has zero moves. How a slip is measured #### Midpoint to midpoint, in months A bare year is read as July, a quarter as its middle month, "late" as November, "early" as February, spring as April and autumn as October. Averages use only projects with both a first and a current brand date, so a withdrawn date never enters them. Keys #### The brand's most recent official count Hotel keys and branded residences together, as announced. Where two official figures circulate we use the latest and show both in the entry. The comparison stock is the live villa count across every resort reviewed on this site. What's not here #### Announced projects with a named brand or developer The tourism ministry's development register lists more leased plots than this; a plot without a public brand, island or announcement is not tracked. Conversions of operating resorts are included because the flag, and usually the product, is new. Edition and refresh #### Recomputed with every entry The figures are not typed in; they are computed from the structured dating each tracker entry carries. The edition month is the latest re-verification date on the page, and each entry shows its own last check and when it is due again. Use the Index The chart and the data are free to use with attribution. The PNG is the embed copy; the SVG and the data files are rebuilt with every update, so they always match what is printed here. [**Chart, PNG** · 2000 px wide, for articles and slides](https://luxatolls.com/images/pipeline-index/slip-chart.png?v=cbd3956c) [**Chart, SVG** · Vector, always the current edition](https://luxatolls.com/data/pipeline-index-chart.svg) [**Data, CSV** · One row per project, every field](https://luxatolls.com/data/pipeline-index.csv) [**Data, JSON** · Summary plus records, for scripts](https://luxatolls.com/data/pipeline-index.json) Embed the chart with attribution `Maldives resort openings: what the brands first said, and what they say now — LuxAtolls Maldives Resort Pipeline Index` Citing the Index The Index is open. Suggested citation: `LuxAtolls Maldives Resort Pipeline Index, luxatolls.com/new-maldives-resorts/#pipeline-index` For a custom cut, an interview, or the sourcing behind any figure before you print it, see the [Press page](https://luxatolls.com/press/). Questions ## New-resort questions, *answered straight* When does Aman Maldives open? In 2028, by Aman's own announcement: in September 2026 the brand named its first Maldives resort Amanolu and set the year, though no month — and its website still says only "coming soon". It sits on Foththeyo island in Vaavu Atoll, with 52 keys plus 16 five-bedroom residences on their own islets. Nothing is bookable, no restaurants are named and no transfer has been announced. Which new Maldives resorts are opening in 2026? Three carry 2026 targets: Mondrian Maldives (a reflag of the operating Kuredhivaru island in Noonu), Vaagali Maldives, Vignette Collection (IHG's 52-villa boutique in South Malé, late 2026), and Villa Eden, Villa Resorts' 42-villa island in Raa (December, per a February construction report). Aura Maldives in Baa has slipped a second time, to Q1 2027, and Don Maaga, Six & Six's second island, moved to Q1 2027 in mid-2026. Mandarin Oriental could sneak into late 2026 — construction is the most advanced of the luxury pipeline — but the brand has committed to no date. Is Hyatt opening a resort in the Maldives? Yes — Hyatt Regency Samarafushi, the first Hyatt Regency in the country, targeting late 2027 in North Malé Atoll: 130 private-pool villas across beachfront, treetop and overwater categories, a 25-minute speedboat from the airport, and a treetop Regency Club lounge. It joins Hyatt's existing Park Hyatt Hadahaa, Alila Kothaifaru and The Standard, Maldives, giving World of Hyatt members a mid-tier Maldives option for the first time. Is there really a Trump hotel coming to the Maldives? A $300M project was announced in November 2025 with developer Dar Global, targeting 2028 (financing documents now say 2030). But no groundbreaking has been reported, and the partners' own websites disagree on the location — one says Noonu Atoll, the other says 25 minutes by speedboat from Malé, which are incompatible. Until an island is named and ground breaks, there is nothing to plan around. Can you book any of these pre-opening resorts yet? Not meaningfully. None of the 25 tracked properties has a live booking engine or published rates under its new name — Mondrian's island still books as Kuredhivaru, and Aura and the brand teasers take enquiries only. The pattern to watch: rates and bookable dates typically appear three to six months before opening, after a general manager is appointed. Among the new builds, Bulgari and Coco de Mer have named theirs; the rest are earlier still. Which recently announced resorts are already open? Six new-generation resorts have opened since late 2024 and are fully reviewed on LuxAtolls: Centara Mirage Lagoon and Centara Grand Lagoon (The Atollia, North Malé), Ananea Madivaru (Rasdhoo), DusitD2 Feydhoo (7 minutes from the airport), Meliá Whale Lagoon (the reflagged Barceló, South Ari), and Rah Gili (South Malé). Every one takes bookings today. How often do announced Maldives resort openings slip? Often. Of the 25 announced resorts tracked here, 9 have publicly moved their opening date at least once — 17 changes in total — and where a brand still publishes a date, the average shift is 23 months. Only 3 have named an opening month and 5 have no brand date at all. The Pipeline Index section breaks this down project by project, with the sourcing behind each date in the entry it links to.