Our Projects
Own a Permanent
Commercial Address
in Central Malé
A 15-storey commercial-led mixed-use development in Maafannu — purpose-built for corporates, SMEs, and entrepreneurs who want to own instead of rent.
Why Own
Ownership Over Rent
Malé operates under severe land constraints and extremely high density — making commercial space one of the scarcest assets in the country. Owning your workspace eliminates long-term rental exposure and annual escalations permanently.
This development offers businesses the rare opportunity to secure a permanent address in the heart of Malé's primary business and government district.
"Secure permanent business space in a supply-constrained market — and stop renting forever."
📍 Commercial-First Location
Surrounded by MPL, Customs, Civil Court, STO Trade Centre and AMDC — continuous daytime footfall in Malé's prime district.
🏗️ Flexible Shell & Core
Open floor plates configurable for offices, clinics, showrooms, or professional services — with full adaptation flexibility.
📈 Long-Term Value
Predictable occupancy costs and strategic control in one of Malé's most limited commercial locations.
🏦 Financing Available
Eligible for financing through local banks, subject to approval. 20% booking deposit with milestone-based balance payments.
The Development
15-Storey Mixed-Use Tower,
Maafannu, Malé
Surrounding Institutions
🚢 Maldives Ports Limited (MPL)
🏛️ Customs Authority of Maldives
⚖️ Civil Court of Maldives
🏪 STO Trade Centre
🏥 AMDC Clinic
A Premier Address in the Heart of Malé's Business Core
Strategically located in Maafannu, this 15-storey development is purpose-built for businesses that want a permanent, prestigious address in the centre of Malé's government and commercial activity.
All units are delivered as shell-and-core, allowing buyers full flexibility in fit-out and use. Buyers committing during construction may customise layouts to align with their operational needs, subject to approvals.
2,850 ft²
Typical Floor Plate
2,273 ft²
Usable Area / Floor
4,000 ft²
Ground + Mezzanine
Investment Summary — Typical Floor
Base PriceMVR 6,500,000
GST (8%)MVR 520,000
Total (incl. land fees)MVR 7,020,000
Ownership Options
Choose Your Space
20% booking deposit. Balance in construction milestones. Bank financing available subject to approval.
Typical Floor Unit
2,850 SQFT · 2,273 SQFT usable
MVR 7,020,000
Total incl. GST + Land Fees
- Shell & core delivery
- Offices, clinics, showrooms
- Dual elevator access
- Dedicated transformer
- 20% booking deposit
- Bank financing eligible
Register Interest
Best Value
Ground + Basement + Mezzanine
4,000 SQFT · Commercial Only
MVR 14,040,000
Total incl. GST + Land Fees
- Prime ground-floor exposure
- Highest-footfall floors
- Ideal for showrooms, banks, clinics
- Full fit-out flexibility
- Early customisation available
- Bank financing eligible
Enquire Now
Multi-Floor Package
Custom Configuration
By Enquiry
Subject to availability
- Contiguous floor ownership
- Interconnecting staircase option
- Full building identity signage
- Priority floor selection
- Negotiated payment schedule
- Dedicated account management
Discuss Options
Infrastructure
Built-In Amenities
🛗
Two Elevators
High-speed lifts serving all 15 floors for efficient vertical movement.
⚡
Dedicated Transformer
Reliable, stable power supply for all commercial operations.
🔥
Fire Safety Systems
Fully integrated detection, suppression and evacuation systems.
♻️
Waste Management
Building-wide centralised waste management infrastructure.
Flagship Project
15-Storey Mixed-Use
Development, Maafannu
Our most ambitious project to date — a commercial-led mixed-use tower in the heart of Malé's business district. Own your workspace instead of renting.
A Premier Commercial Address in Central Malé
Strategically located in Maafannu — surrounded by Maldives Ports Limited, Customs, Civil Court, STO Trade Centre, and AMDC Clinic — this development sits at the epicentre of Malé's government and commercial activity.
All units are delivered as shell-and-core, allowing full flexibility for offices, clinics, showrooms, and professional services. Early-stage buyers may customise layouts to suit their specific operational requirements.
2,850 ft²
Typical Floor Plate
2,273 ft²
Usable Area / Floor
4,000 ft²
Ground + Mezzanine
Investment Summary — Typical Floor
Base PriceMVR 6,500,000
GST (8%)MVR 520,000
Total (incl. land fees)MVR 7,020,000
Ownership Options
Choose Your Space
20% booking deposit. Balance in construction milestones. Bank financing available subject to approval.
Typical Floor Unit
2,850 SQFT · 2,273 SQFT usable
MVR 7,020,000
Total incl. GST + Land Fees
- Shell & core delivery
- Offices, clinics, showrooms
- Dual elevator access
- Dedicated transformer
- 20% booking deposit
- Bank financing eligible
Register Interest
Best Value
Ground + Basement + Mezzanine
4,000 SQFT · Commercial Only
MVR 14,040,000
Total incl. GST + Land Fees
- Prime ground-floor exposure
- Highest-footfall floors
- Ideal for showrooms, banks, clinics
- Full fit-out flexibility
- Early customisation available
- Bank financing eligible
Enquire Now
Multi-Floor Package
Custom Configuration
By Enquiry
Subject to availability
- Contiguous floor ownership
- Interconnecting staircase option
- Full building identity signage
- Priority floor selection
- Negotiated payment schedule
- Dedicated account management
Discuss Options
Infrastructure
Built-In Amenities
🛗
Two Elevators
High-speed lifts serving all 15 floors.
⚡
Dedicated Transformer
Reliable, stable power for all operations.
🔥
Fire Safety Systems
Integrated detection and suppression.
♻️
Waste Management
Building-wide centralised waste systems.
Location
Maafannu, Central Malé
Positioned in Malé's primary commercial and government district — surrounded by the city's most active institutions and with constant daytime footfall.
🚢 Maldives Ports Limited (MPL)
🏛️ Customs Authority of Maldives
⚖️ Civil Court of Maldives
🏪 STO Trade Centre
🏥 AMDC Clinic
Our People
The Team Behind
Every Landmark
Our leadership brings together decades of experience in construction, operations, finance, and real estate — delivering every project with precision and care.
Managing Director
Ahmed Thorig
Ahmed has over 12 years of experience in the Maldives construction and real estate sector. He has completed residential buildings and specialised turnkey projects, and is currently developing mixed-use multi-purpose buildings in central Malé. He has introduced several construction techniques compatible with the Maldives environment and has secured supplier networks from UAE, China, and India.
Manager, Operations
Nishan Amjad
Nishan brings 9 years of experience in financial and operational management. He has previously worked at NAAID Investment Pvt Ltd and Arrow Maldives Pvt Ltd, providing expertise in inventory and expatriate workforce management. Since joining Landmark Development in 2014, he has managed financial and workforce operations across all of the company's projects.
Technical Expert, Operations
Ahmed Riyaz
Ahmed began his construction career in 2006, gaining experience across heavy vehicle operation, 7–10 storey building construction, demolition, and excavation. He has worked with State Owned Enterprises including STELCO on the 17 MW Power Plant and delivered notable subcontract work on the Malé–Hulhumalé Bridge, jetty renovation, and resort construction projects.
🏗️ Malé–Hulhumalé Bridge · STELCO 17MW Power Plant · Jetty Renovation
Advisory & Professional Services
Our Advisors
Legal Advisory — Real Estate
Bisham & Sinaz LLP
Our legal advisory firm specialising in real estate law, providing guidance on property transactions, contracts, and regulatory compliance for all Landmark Development projects.
Accountants
Financial Advisory
Independent audited financial statements are available on request. Our accounts are maintained to the highest standards in compliance with applicable Maldivian financial regulations.
