Property Prices in Male, Maldives

Index Info
Price to Income Ratio: 13.56
Mortgage as Percentage of Income: 200.66%
Loan Affordability Index: 0.50
Price to Rent Ratio - City Centre: 11.59
Price to Rent Ratio - Outside of Centre: 16.29
Gross Rental Yield (City Centre): 8.63%
Gross Rental Yield (Outside of Centre): 6.14%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 13,277.78 Rf 12,000.00-15,000.00
Apartment (1 bedroom) Outside of Centre 9,187.50 Rf 7,500.00-10,000.00
Apartment (3 bedrooms) in City Centre 26,000.00 Rf 25,000.00-30,000.00
Apartment (3 bedrooms) Outside of Centre 19,375.00 Rf 16,000.00-25,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 3,243.20 Rf 2,972.87-4,180.60
Price per Square Feet to Buy Apartment Outside of Centre 3,267.07 Rf 1,999.98-4,552.21
Salaries And Financing
Average Monthly Net Salary (After Tax) 12,919.42 Rf
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 13.86 11.00-18.00

These data are based on 85 entries in the past 18 months from 15 different contributors.
Last update: May 2023

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.
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.