The Bank of Maldives (BML) has listed the islands of Fares and Kudafares in Laamu Atoll for sale. The property encompasses Rahaa Resort Maldives, an operational four-star island resort.
Situated in Laamu Atoll—traditionally known as Hahdhunmathi—approximately 266 kilometres south of the capital, Malé, Fares and Kudafares are adjacent private resort islands separated by roughly 300 metres. Laamu Atoll marks the southern boundary of the central Maldives and comprises 72 mapped islands, including 11 inhabited communities and 10 resorts. The nearest inhabited island to the property is Kunahandhoo, which lies around 7.7 kilometres away, while domestic air connections operate through Kadhdhoo Airport within the atoll.
A natural saltwater lake sits within the interior of the resort, serving as a key geographical feature of the property. Accommodation at Rahaa Resort Maldives consists exclusively of beach villas, which the property divides into two categories: Lake View Villas overlooking the internal saltwater lake, and Ocean View Villas facing the beachfront and surrounding lagoon.
The resort operates three food and beverage outlets, including an all-day dining restaurant and two bars. Additional guest facilities on the islands include a wellness spa, a gymnasium, a children’s club, and spaces equipped to host special events. The property also supports water sports and various recreational and leisure activities.
BML listed the islands for sale at a minimum price of USD 45,633,000. The deadline for submissions is set for 12:00 pm on 2 December 2026.
