DAMAC Group, under its property development arm DAMAC Properties, has awarded Aima Construction Company with the main works construction contract for 120 villas at the Mandarin Oriental Bolidhuffaru Reef resort in the Maldives.
The contract, valued at approximately USD 148 million (MVR2.2 billion), was awarded by DAMAC to commence construction on a series of resort accommodations which will extend across three private islands.
Commenting about this, the General Manager of Projects at DAMAC Properties Mohammed Tahaineh said, “we are fully confident in the capabilities of Aima Construction, whose track-record and enthusiasm for the project exceeded all our expectations during an extensive and highly competitive candidate vetting process.”
“DAMAC Properties looks forward to seeing such a high-profile development project, the first of its kind of our group, come to fruition across the beautiful Maldives,” he added.
The 34-hectare luxury resort, scheduled for a 2025 opening, is located in the Bolidhuffaru Reef in South Male’ Atoll. The property is accessible through a 30-minute yacht ride from Velana International Airport (VIA).
Aima Construction is set to deliver 120 stand-alone villas, 64 of which are overwater and 56 are beachfront villas. These villas, which will be some of the market’s largest with sizes between 200 and 1,000 square-meters, will also come with private pools. The accommodation includes 10 Mandarin Oriental brand residences.
Tourists will get to choose from 8 dining outlets, including three specialty restaurants and an exclusive venue featuring a pool bar.
Other amenities include immersive wellness facilities located in the resort’s tropical gardens. Mandarin Oriental’s expert wellness team will offer their trademark services across 12 treatment suites, vitality pools, hammam, sauna and steam rooms, and a beauty salon.