Tourism and Real Estate

As the world evolves, the need to have tourist destinations and real estates for both local and foreign tourists’ increases tremendously. The increased presence of foreign investors in Maldives has propagated the need for most firms to venture in the Tourism and Real Estate law. Tourism and Real Estate law is one of the mainstays of our firm. Over the years, our lawyers have successfully acted on behalf of our clients on acquisitions, lease arrangements, management agreements and financing of various real estate projects. We particularly specialize in advising foreign incoming investors new to the market and have during the recent past advised on almost all of the major inward investments in this sector. We also author the Maldives Chapter of the Asia Pacific Real Estate Investment Guide published by Jones Lang Lesalle hence demonstrating the international recognition of our expertise in this field of law.

As Suood & Anwar LLP, our lawyers acknowledge the importance of conserving the environment, protecting wild animals, preserving tourist destinations and encouraging foreign investments in Maldives and have familiarized themselves with all the relevant laws. We take pride in being recognized globally as one of the best firms in dealing with tourism and real estate legal matters. Our clientele has often given our lawyers accolade for their ability to solve complex issues and resolve disputes in the tourism and real estate sector. We are willing to offer the best legal advice to our clients in order to boost the economy, tourism, real estate development and foreign investment.

Over the past years, our senior lawyers have constantly spoken at real estate investment conferences around the world (including the Hotel Investment Conference Asia Pacific (HICAP), the Gulf and Indian Ocean Hotel Investors’ Summit (GIOHIS) and the Hospitality Investment Conference Asia Pacific on topics ranging from local and regional real estate and tourism investment market and the legal and regulatory framework for such investments.

Over the recent past, we have been involved in advising incoming investors on the acquisition of Jumaira Dhevanafushi, Gili Lankanfushi, Six Senses Laamu, Outrigger Konotta Maldives, Reethi Beach Resort, Gaakoshibee Island Resort, Zitahli Kudafunafaru (Roxy Maldives Hotel) and numerous other greenfield investments in the tourism and hospitality industry.