JLL carries out transactions worth USD 1.1 bln

Real-estate company JLL's Hotels and Hospitality Group revealed that the amount of transactions they carried out in Maldives currently stands at USD 1.1 billion out of which USD 450 million was achieved in the year 2019.

Featured Image

The Baa Haa Grill in Finolhu Maldives. Finolhu Maldives was recently sold over to German company Seaside Hotels and Resorts for USD 90 million with JLL acting as the broker. PHOTO/FINOLHU MALDIVES

Shahudha Mohamed

2019-05-26 12:06:15

Real-estate company JLL's Hotels and Hospitality Group revealed that the amount of transactions they carried out in Maldives currently stands at USD 1.1 billion out of which USD 450 million was achieved in the year 2019.

Although most investors in the Maldivian resort scene were comprised of Asian countries in the past, JLL reports that this dynamic is shifting to include investors from all over the world. The company disclosed that USD 300 million was earned in new investments within the past six months alone.

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