Two and a half centuries of French light, set on a private atoll.
For the first time, the 260-year heritage of Baccarat — the French crystal maison on the ceremonial tables of the Élysée — takes the form of a home. Reported as the brand's first residences in Asia-Pacific, the Baccarat Hotel & Residences Maldives pairs a globally recognised name with the structural scarcity of a limited, off-plan collection in South Malé Atoll. Curated by Baccarat Hotel & Resorts and managed by SH Hotels & Resorts, it is what today's international buyer looks for in the Indian Ocean: private ownership, resort-grade governance and an optional managed rental programme.
A branded-residence programme across five interconnected islands in South Malé Atoll. The collection runs 2 to 7 bedrooms — beach, lagoon and private-island mansions — sold off-plan with completion around 2027. Pricing is directional, from approximately $4.75M up to $25M+. Foreign buyers acquire on a long-term sub-lease / leasehold basis. GADAIT is an independent advisor providing off-market access — not the developer.
Programme details, figures, sizes and prices on this page are directional, drawn from public developer and reseller materials, and may change. They must be confirmed against the current developer documentation before any reservation. GADAIT is not the developer of this programme.
Five islands, one private world
The estate unfolds across five interconnected islands spanning roughly 45 hectares, three of them private — an unusually large canvas by Maldivian standards. Set within the calm, protected lagoons of South Malé Atoll, it is a ~45-minute boat transfer from Velana International Airport: close enough for effortless arrivals, far enough for genuine seclusion, with no dependency on seaplane schedules.
The whole is curated by Baccarat Hotel & Resorts and managed by SH Hotels & Resorts — pairing a limited collection of private residences with a full resort of one hundred villas, all held to a single standard of service.
Where the water turns to gold.
A collection for every way of living
Three residence typologies, all fully furnished, all with a 20 m private pool, yoga pavilion, fire pit, bar, prep kitchen and outdoor dining — from a single-storey beach pavilion to a two-storey four-bedroom with its own gym. Above them stand the private-island Mansions.
The same standard, whatever the size
Across every typology: suites with walk-in wardrobes, a 20 m private pool, a yoga pavilion, a fire pit, a bar, a prep kitchen and outdoor dining — a full home, delivered furnished and ready to live in.
Per the development's published specifications; GADAIT is not the developer. Sizes and counts are directional and subject to change and availability — confirm against the current developer price list before any reservation.
Residence Types, Sizes & Directional Pricing
| Residence | Bedrooms | Indicative size | Directional price | Note |
|---|---|---|---|---|
| 2-Bedroom Villa | 2 bedrooms | ~285 m² net (725 m² built-up) | From ~$4.75M | One-storey · up to 7 m ceilings · beach & lagoon variants |
| 3-Bedroom Villa | 3 bedrooms | ~562 m² net | Directional | Two-storey · 20 m private pool · yoga pavilion · 10 residences (8 beach + 2 lagoon) |
| 4-Bedroom Villa | 4 bedrooms | ~744 m² net | Up to ~$12.7M | Two-storey · private gym · maid's room · 4 beach residences |
| Baccarat Mansions | 7 bedroom suites | ~2,000 m² (21,527 sq ft) | $25M+ (reported) | Seven mansions, each on its own private island |
Floor Plans & Layouts
Detailed plans for the three-bedroom and four-bedroom residences — orientation, room-by-room layout and pool placement. As an off-plan branded programme, layouts and finishes are defined by the developer's documentation, which GADAIT helps you review before any reservation.
Detailed plans on request. Floor plans, layouts and finishes are directional and set by the developer; they must be confirmed against the current developer documentation before any reservation.
Seven mansions. Seven private islands.
The pinnacle of the collection — approximately 2,000 m² (21,527 sq ft) over two levels, seven suites and discreet staff accommodation, each mansion alone on its own island.
Per the development's published specifications; GADAIT is not the developer.
A table for every hour of the day
From The Bar at Baccarat to signature fine dining, the day is measured in moments at the table — afternoon tea, a private beachside barbecue, a sunset cruise with the maison's crystal in hand.
Restored on land and water
An overwater and land spa with hammam, a Moroccan bath house, hydrotherapy, saltwater, cold and lap pools, jacuzzi, sauna and steam, meditation and yoga. And beyond the spa, a full sporting estate: a rare 9-hole golf course and driving range, tennis, padel, squash, badminton, beach volleyball, rock climbing and a running trail.
The ocean as a private playground
Big-game fishing for marlin, sailfish and tuna; diving over an underwater cultural village; surfing and jet skiing. And on land, a maker's world — pottery and glass craft, a photo studio, a Kids Club and the Crystal Gardens.
A symbol of elegance, a celebration of light
Founded in 1764 under King Louis XV, Baccarat has spent two and a half centuries defining French crystal. Since 1899, its pieces have graced the ceremonial tables of the Élysée. Here, that heritage is woven through every residence — not as decoration, but as a way of catching and returning the Indian Ocean light.
The names behind the maison
A single vision, delivered by studios and operators of international standing.
Per the development's published specifications; GADAIT is not the developer.
The Investment Case
A Baccarat Residence pairs a globally recognised maison with the structural scarcity of Maldives branded residences. Brand equity, professional governance, an optional rental programme and an off-plan entry ahead of 2027 delivery are the core pillars of the case for international buyers.
- Branded-residence premiumResidences attached to a recognised maison and a professional operator typically command stronger demand, better governance and more resilient resale than unbranded stock.
- Optional managed rental programmeOwners can place the residence into the resort-managed rental programme when not in personal use, with the operator handling distribution, service and occupancy under contract.
- Off-plan entry before 2027Off-plan reservations are typically priced below completed residences and often paid through staged developer payment plans, spreading exposure until delivery.
- Scarcity & first-mover statusA limited collection, reported as Baccarat's first residences in Asia-Pacific — rarity that supports long-term value in a supply-constrained market.
Directional only. Rental performance, brand strength and delivery timing are set by the developer and operator and are not guaranteed. We build full financial models and review the contract before any commitment.
Acquisition & Financing
As with all Maldives branded residences, a Baccarat Residence is acquired on a long-term sub-lease / leasehold basis within the approved development, rather than as freehold land. The process runs through reservation, due diligence and completion — with GADAIT acting independently in the buyer's interest at each step. For the full ownership framework, see our guide to buying property in the Maldives.
Financing
Local mortgages are uncommon for foreign buyers of Maldives leasehold residences. In practice, acquisitions are financed through three main routes — and GADAIT works with private-banking partners to structure the most efficient option per profile.
Financing availability depends on the developer's plans, the buyer's profile and jurisdiction. We introduce qualified buyers to private-banking partners and confirm options before any commitment.
Why Work with GADAIT on Baccarat Residences?
GADAIT is an independent advisor on this programme — not the developer. We give qualified buyers off-market access, review the structure in your interest, and compare it against other ultra-luxury opportunities so capital is allocated with confidence.
The Residences in Pictures
Payment Schedule
Baccarat Residences is sold off-plan, with completion targeted around 2027. Acquisitions are typically structured through a staged developer payment plan, spreading the investment across the construction period rather than a single payment upfront. The schedule below is directional and illustrates the typical shape of an off-plan plan.
| Stage | Indicative timing |
|---|---|
| Reservation deposit | On booking (indicative) |
| During construction | Staged instalments until handover |
| On handover (~2027) | Final balance |
Indicative only — the developer's current payment plan, percentages and milestones are confirmed on request.
FAQ — Baccarat Residences Maldives
Yes. As with other Maldives branded resort residences, international buyers can acquire a Baccarat Residence on a long-term sub-lease / leasehold basis within the approved development, rather than owning freehold land. Ownership is structured through usage rights and a lease; the exact terms, lease duration and transfer rules are defined by the developer's documentation, which GADAIT helps qualified buyers review before any commitment.
Pricing is directional and set by the developer. Phase 1 residences have been marketed from approximately $4.75M–$5.1M for a two-bedroom, rising to around $12.7M for a four-bedroom golf residence, with the largest private-island mansions reported well above $25M. All figures are indicative, may change, and should be confirmed with the current developer price list before any reservation.
The development is off-plan, with completion targeted for around 2027 (reported Q4 2027). As an off-plan programme, units are typically reserved ahead of delivery, often with staged developer payment plans during the construction period. Delivery dates are set by the developer and can move; we confirm the current schedule before any reservation.
Yes — an optional rental programme is available, operated within the resort framework managed by SH Hotels & Resorts. Owners can place their residence into the managed rental programme when not in personal use, with the operator handling distribution, service and occupancy under the terms set out in the contract.
The development sits in South Malé Atoll, across five interconnected islands spanning more than 45 hectares, roughly a 35–45 minute boat transfer from Velana International Airport. The location combines genuine privacy with one of the most accessible atoll positions in the Maldives.
The residences range from two to seven bedrooms. The collection includes beach residences and water residences (typically 2–4 bedrooms), larger private-island beach residences, and the flagship multi-bedroom private-island mansions, all fully furnished with private pools.
The Baccarat Hotel & Residences Maldives is operated under the Baccarat brand — the 260-year-old French crystal maison — and managed by SH Hotels & Resorts, an affiliate of Starwood Capital Group, with the development held by the project ownership entity. These are reported as the first Baccarat-branded residences in Asia-Pacific. GADAIT is an independent advisor providing access to the programme, not the developer.
GADAIT provides off-market access and acquisition advisory for the programme. We brief you on availability and pricing, review the lease structure, usage rights and developer payment plan, coordinate due diligence with specialised partners, and support you through reservation and completion — independently, in your interest as the buyer.
Continue Your Research
Newsletter
Be among the privileged.
Subscribe to the Gadait International newsletter and receive the latest trends in the luxury market, along with exclusive opportunities for exceptional properties in advance.
Low frequency. High relevance.