Estithmar Holding, the Qatari investment company known for its commitment to excellence, has embarked on a new exciting project to develop one of the world’s most luxurious resorts in the Maldives.
The new resort, scheduled to open in Q1 2025 will be managed by Rosewood Hotels & Resorts, the ultra-luxury global hospitality brand, and developed by Estithmar Holding’s subsidiary, Royal Resorts.
The Rosewood property is touted to be an architectural masterpiece featuring approximately 120 independent beach and overwater villas; one to five bedrooms, all with private pools.
The total investment of the project is USD343 million dollars.
Estithmar said that the center of the resort will host several specialty world-renowned restaurants, a wellness facility, a beach club, and several amenities that are “guaranteed to give guests an unforgettable experience”.
Estithmar Holding has a proven track record in the tourism sector in Qatar including Al Maha Island in Lusail, Maysan Resort in Aspire, and Katara Hills Resort.
Commenting on the investment, the Chairman of Estithmar Holding, Moutaz Al Khayyat said, “The investment opportunities in the Maldives are highly flexible, and the investment environment is encouraging and plays an active role in stimulating the global private sector to innovate a number of projects that enhance tourism and entertainment programs.”
“The Maldives is an ideal location for a Rosewood property, and we are looking forward to bringing our A Sense of Place philosophy to life in this incredible destination,” said Radha Arora, President of Rosewood Hotels & Resorts. “We are pleased to partner with Estithmar Holdings on this ambitious project, which is sure to raise the bar for ultra-luxury experiences in the Maldives.”