Luxera · Naadhee
Sosun Magu, Malé
An entire commercial floor.
Fifty years. One decision.
Secure the only full-floor commercial lease on Sosun Magu — the most strategically positioned artery in Malé, directly adjacent to ADK Hospital.
An unprecedented opportunity to acquire a 50-year lease on an entire commercial floor at Luxera — Tata Housing's flagship premium development at the historic Naadhee site on Sosun Magu. In a city where premium commercial real estate commands exorbitant monthly premiums, securing this at an effective rate of just 11.41 MVR per square foot is a generational investment that protects against inflation, rent hikes, and landlord disputes for the next half-century.
Sosun Magu —
the artery of Malé.
Luxera sits at the intersection of Malé's commercial, governmental, and medical corridors — the city's highest footfall zone, every single day.
ADK Hospital — Same Road
Maldives' first and largest private tertiary care hospital. Guaranteed daily foot traffic from patients, professionals, and families.
Government District
Surrounded by key government institutions — a magnet for professional and corporate tenants.
Triple Core Access
Three separate elevator and staircase lobbies — superior to any competing commercial property in Malé.
Dual Road Frontage
Extensive glazed frontage on both Sosun Magu and Roashanee Magu.
Property Details
Luxera (Naadhee)
Sosun Magu, Malé, Maldives
Prime Medical Proximity
Located on the exact same road as ADK Hospital — creating massive, built-in synergistic foot traffic of patients, healthcare professionals, and families every single day.
9 units. One floor.
All costs shown are the 50-year amortised effective rate. Sub-lease at market rate for immediate ROI multiples.
Standard Retail
Area
1,034 sqft
Effective / mo
MVR 11,798
Premium Corner
Area
1,234 sqft
Effective / mo
MVR 14,080
Premium Corner — Largest Frontage
Area
1,850 sqft
Effective / mo
MVR 21,109
Internal Prime
Area
1,535 sqft
Effective / mo
MVR 17,514
Anchor Unit
Area
2,400 sqft
Effective / mo
MVR 27,384
Standard Retail
Area
1,395 sqft
Effective / mo
MVR 15,917
Large Open Plan
Area
2,147 sqft
Effective / mo
MVR 24,497
Premium Corner
Area
1,737 sqft
Effective / mo
MVR 19,819
Standard Retail
Area
1,270 sqft
Effective / mo
MVR 14,491
Total Floor Asset
9 Units · Full Commercial Floor
Total Area
14,602 sqft
Effective / Month
MVR 166,609
Rate / sqft / mo
11.41 MVR
Sub-lease ROI potential: A 2,400 sqft unit like M05 commands MVR 80,000–100,000/month at current Malé market rates — 3–4× the effective amortised cost. Sub-leasing two or three units alone covers the full annual amortised cost of the entire floor.
14,600 sqft. Endless possibilities.
Three transformational concepts, each uniquely enabled by this location and scale.
Retail Vision
Malé's First True Indoor Shopping Mall
Combine units to create anchor stores, a central food court, and boutique retail spaces. Triple elevator access points manage customer flow flawlessly. Corner units M02, M03, and M08 offer unmatched glass-front visibility for flagship international brands.
Zero indoor mall competition in Malé today.
Medical Vision
State-of-the-Art Private Specialty Hospital
Capitalise on medical zoning and direct proximity to ADK Hospital. A premium boutique hospital focusing on specialised care, day surgeries, or premium maternity services — with a clear division between public areas, sterile clinical zones, and private VIP wards.
Direct adjacency to ADK Hospital — Maldives' largest private tertiary care centre.
Wellness Vision
Mega Wellness & Rehabilitation Centre
Hydrotherapy pools, expansive physiotherapy gymnasiums in the 2,400 sqft M05, and private consultation suites. With a growing focus on post-operative care in the Maldives, this space is perfectly sized for a world-class rehabilitation facility.
Natural referral destination for post-surgery rehabilitation from ADK.
A generational investment.
A legacy asset.
At 11.41 MVR per square foot, this 50-year lease is not just a real estate transaction — it is the foundation for Malé's next major commercial or medical institution.
Inflation Protection
50 years of fixed effective cost — immune to Malé's rapidly rising commercial rents.
New Build Quality
Tata Housing's Luxera is built to international structural and aesthetic standards.
Triple Elevator Access
Three separate core lobbies — unmatched for zoning, compliance, and customer flow management.
Basement Parking
Access to the building's high-end infrastructure including security and basement parking.
Dual Road Frontage
Glazed frontage on Sosun Magu and Roashanee Magu — maximum brand visibility.
Zero Competition
No comparable full-floor commercial asset exists anywhere else on Sosun Magu.
What the market pays.
Conservative Malé market rates applied unit-by-unit — standard retail at MVR 35/sqft, corner-facing at MVR 45/sqft, open-plan anchor at MVR 38–40/sqft. The difference is your pure margin.
Standard Retail
MVR 35/sqft market rate
Premium Corner
MVR 45/sqft market rate
Premium Corner — Largest Frontage
MVR 45/sqft market rate
Internal Prime
MVR 38/sqft market rate
Anchor Unit
MVR 40/sqft market rate
Standard Retail
MVR 35/sqft market rate
Large Open Plan
MVR 38/sqft market rate
Premium Corner
MVR 45/sqft market rate
Standard Retail
MVR 35/sqft market rate
Total Floor
All 9 units sub-leased
+415,717
net per month
Standard Retail
Area
1,034 sqft
Eff. Cost
MVR 11,798
Market
MVR 36,190
Premium Corner
Area
1,234 sqft
Eff. Cost
MVR 14,080
Market
MVR 55,530
Premium Corner — Largest Frontage
Area
1,850 sqft
Eff. Cost
MVR 21,109
Market
MVR 83,250
Internal Prime
Area
1,535 sqft
Eff. Cost
MVR 17,514
Market
MVR 58,330
Anchor Unit
Area
2,400 sqft
Eff. Cost
MVR 27,384
Market
MVR 96,000
Standard Retail
Area
1,395 sqft
Eff. Cost
MVR 15,917
Market
MVR 48,825
Large Open Plan
Area
2,147 sqft
Eff. Cost
MVR 24,497
Market
MVR 81,586
Premium Corner
Area
1,737 sqft
Eff. Cost
MVR 19,819
Market
MVR 78,165
Standard Retail
Area
1,270 sqft
Eff. Cost
MVR 14,491
Market
MVR 44,450
Annual Market Revenue
MVR 6,987,912
All 9 units at market rate
Annual Net Profit
MVR 4,988,604
After amortised lease cost
Average Yield Multiple
3.5×
Market vs effective cost
Your money returns in full
by Year 14.3.
Based on conservative sub-lease revenues at current Malé market rates — no rental growth factored in.
Break-Even Point
Year 14.3
172 months to full capital recovery
Monthly Revenue
MVR 582,326
Remaining Pure Profit
35.7 years
Total 50-yr Revenue
MVR 349,395,600
ROI
-65%
ROI
-30%
ROI
5%
ROI
40%
ROI
110%
ROI
180%
ROI
249%
50-Year Investment Summary
Total Investment
MVR 100M
One-time lump sum
Total 50-yr Revenue
MVR 349,395,600
Conservative market rates
Total Net Profit
MVR 249,395,600
After capital recovery
Overall ROI
249%
Over 50 years
Projections use conservative current Malé market rental rates with zero annual growth assumed. Historical Malé commercial rental growth of 5–8% per annum would significantly accelerate break-even and amplify total returns. All figures in MVR.
Secure your monopoly
on Sosun Magu.
This opportunity is presented strictly privately. Contact Binga to receive the full investment dossier, floor plans, and arrange a private site visit.
© Binga Concierge · Strictly Private & Confidential
Presented for informational purposes only. All figures are indicative. Binga acts as exclusive concierge representative. Final terms subject to developer confirmation.