In a bid to streamline operations for medium-sized resort owners and tap into the growing trend of residential tourism, the Tourism Ministry has introduced a groundbreaking regulation allowing the rental of individual rooms within resorts for extended periods. This novel approach not only benefits resort owners but also provides opportunities for both locals and foreigners to enjoy resort living for more extended stays.

Under the new rules outlined by Tourism Minister, Dr. Abdulla Mausoom, resorts and integrated resort properties now have the green light to lease multiple villas on a strata basis. This move is aimed at simplifying the rental process, making it more accessible for both resort owners and prospective tenants.

Dr. Mausoom highlighted the significance of this initiative, stating that “This initiative opens up opportunities for both foreigners and locals to book resort rooms for extended stays.” It’s a clear response to the changing preferences of travelers who seek extended vacations and the comforts of resort living.

Here’s how the new regulations work: Villas or rooms offered for long-term rentals on a strata basis must be officially registered with the Ministry of Tourism before they can be made available to guests. A nominal registration fee of MVR 5,000 is required to obtain a long-term lease license, in addition to an MVR 10,000 fee payable to MIRA.

Tenants opting for these resort villas will enjoy unparalleled flexibility. They can come and go at their convenience within the resort premises, enjoying all the amenities and services typically associated with resort living. However, it’s essential to note that subleasing the property is strictly prohibited to maintain the integrity of the system.

To ensure compliance with these new rules, the Ministry has outlined a stringent penalty system for violations. For initial violations, a fine of MVR 25,000 will be imposed, followed by a steeper penalty of MVR 50,000 for subsequent offenses. In cases of repeated violations, tenants may face a substantial fine of MVR 100,000, as clarified by the ministry. This robust enforcement mechanism is in place to uphold the integrity of the long-term rental system and to provide a hassle-free experience for both resort owners and tenants.

This move by the Tourism Ministry aligns with the changing landscape of tourism, catering to the needs and desires of travelers seeking more extended and immersive resort experiences. It not only presents an exciting opportunity for property owners but also enhances the attractiveness of the Maldives as a destination for those seeking to enjoy the island paradise for an extended period. As the residential tourism trend continues to gain momentum, the Maldives is poised to remain a top choice for travelers seeking both short-term getaways and long-term escapes.