The Cocoon Collection (TCC), a renowned luxury leisure property developer, the Bison Group, its primary construction and planning partner, and Crystal Property Group (CPG), a renowned luxury leisure property developer, are excited to announce their collaboration in launching the first-ever dedicated Resort-Residence Model luxury development in the Maldives. This ground-breaking cooperation intends to reinvent the idea of owning a home in paradise and revolutionize the market for luxury real estate.
The Maldives has long been regarded as a top tourist destination due to its immaculate white sand beaches, turquoise oceans, and unmatched natural beauty. Through their partnership, the three hopes to provide people a once-in-a-lifetime chance to own a piece of this tropical paradise and benefit from the luxuries and services of a top-notch resort. One of the top companies in the Maldives' tourism sector, The Cocoon Collection, will run the Project. Investors may relax knowing their investment will produce the desired returns since the brand's occupancy averages a cautious 75% year-round. The Cocoon Maldives and You & Me are the two hotels that TCC now owns and manages in the Maldives. Two further hotels are being built by TCC, and one is being built in Zanzibar.
According to Hussain Akbarally, Director of Cocoon Resorts, "With our presence in the Maldives and the success achieved to date, we are looking forward to expanding on a unique leisure product and further enhancing the country's reputation as a world-beating hospitality destination and offering".
The exclusiveness of private houses and the first-rate amenities and services of a luxury resort are combined in the revolutionary Resort-Residence Model by CPG. With this exclusive offer, homeowners can enjoy the ideal fusion of seclusion, convenience, and the famed Maldivian hospitality.
In this partnership, Crystal Property Group provides its experience in creating luxury properties, providing efficient project management, sensitive design, and access to its enormous sales funnel. The company's passion for sustainability and environmental preservation, along with its dedication to creating outstanding living places, are in perfect harmony with the Maldivian way of life.
Reza Magdon Ismail, CEO of Crystal Property Group, said, "We are happy to be teaming with Cocoon Collection and Bison Group of the Maldives to launch the first-ever dedicated Resort-Residence Model premium development in this breath-taking region.
One of the first companies to create resorts in the area was the Maldives' Bison Group, which has extensive experience in difficult projects on land and in the ocean. The goal of Bison Group's partnership with Crystal Property Group is to take its expertise beyond conventional resorts and develop a distinctive living experience that goes above and beyond expectations.
Abdul Majeed, Chairman of Bison Group, said, "We are pleased to extend our expertise outside traditional resorts and begin on this remarkable collaboration with Crystal Property Group and Cocoon Resorts. By combining our strengths, we hope to provide a novel recreational offering in the Maldives.
The project will be placed in a prime location on the Maldives' Atoll 1 island, about 25 minutes by speedboat from the Male Airport. The project will contain 42 multimillion-dollar villas that are both on and off the ocean. Private infinity pools, a cutting-edge fitness center, spa and wellness amenities, fine dining selections, and specialized concierge services will all be available exclusively to the development's investors. To reduce its impact on the environment and protect the Maldives' stunning natural environment, the development will also use sustainable techniques.
Sales for the opulent Resort-Residence Model development by Infinite by Cocoon Collection are scheduled to begin in September 2023, and construction is anticipated to get under way in January 2024.