MaldivesRaa Atoll
The Azure Atoll Resort
$185M
A whole-island resort of overwater villas and beach residences, held on a 99-year lease within one of the Maldives' most protected lagoons.
- Property type
- Private Island
- Keys
- 128 Keys
- Land area
- 62 Acres
Leeward Islands, French Polynesia
Asking Price
$128M
Keys
102
Land
74acres
Investment Overview
Price per key $1,254,902. Figures are illustrative and provided for this demonstration only.
Bora Lagoon Estate occupies its own motu — a coral islet on the barrier reef — with 74 acres facing across the lagoon to the volcanic peaks beyond. The view is the product, and it is unimprovable.
Seventy of the 102 keys stand over water. The remainder sit along the inner beach among coconut palm and pandanus. The resort was rebuilt almost entirely between 2017 and 2020 after storm damage, so the built stock is effectively new despite the 1998 opening date.
The estate holds an exclusive concession over 240 hectares of lagoon — including the reef pass — which governs anchoring, watersports and commercial access. It is the sort of right that is no longer granted.
Introduced privately. The vendor is a Polynesian holding company that has already agreed terms to sell two sister assets and is completing a full portfolio exit.
Trading is strong at 76% occupancy with ADR above $2,100, and the market has structural scarcity — the total supply of overwater villas in the Leewards has grown by less than 4% in a decade.
The lagoon concession is materially under-monetised. It is currently used only for guest activities; comparable concessions elsewhere in the Pacific support a separate marine-experience business serving the wider island.
Location
Register Your Interest
The complete investment memorandum, trading history and tenure documentation are released to qualified buyers following a confirmation of funds and an executed non-disclosure agreement.
MaldivesRaa Atoll
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A whole-island resort of overwater villas and beach residences, held on a 99-year lease within one of the Maldives' most protected lagoons.
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