Property Prices in Male, Maldives

Index Info
Price to Income Ratio: 10.74
Mortgage as Percentage of Income: 155.56%
Loan Affordability Index: 0.64
Price to Rent Ratio - City Centre: 12.17
Price to Rent Ratio - Outside of Centre: 13.01
Gross Rental Yield (City Centre): 8.22%
Gross Rental Yield (Outside of Centre): 7.68%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 14,437.50 Rf 12,500.00-17,000.00
Apartment (1 bedroom) Outside of Centre 10,214.29 Rf 9,000.00-12,500.00
Apartment (3 bedrooms) in City Centre 25,714.29 Rf 25,000.00-28,000.00
Apartment (3 bedrooms) Outside of Centre 20,571.43 Rf 18,000.00-23,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 3,545.30 Rf 2,999.98-3,999.97
Price per Square Feet to Buy Apartment Outside of Centre 2,838.68 Rf 1,999.98-3,716.09
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 16,000.00 Rf
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 13.50 10.00-18.00

These data are based on 70 entries in the past 18 months from 12 different contributors.
Last update: March 2024

Sources and References
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2 Comments so far
Jennifer Chetty on Apr 04, 2022:
Hi,I am planning to rent a guesthouse in maldives.
Can you please me the quotation.
Thanks,
Jennifer
Shefali Uniyal on Mar 26, 2021:
Hi, I am staying in India. Intrested to buy or lease a property in Maldives. It should be a tourist place because planning to put it on rent.

Thank,
Shefali