Infinite Maldives by Cocoon Collection To Reimagine Luxury Real Estate In the Destination
Monday 17th of July 2023
Crystal Property Group (CPG) together with The Cocoon Collection and its main construction and planning partner, the Bison Group have announced their collaboration to debut the first-ever dedicated Resort-Residence Model luxury development in the Maldives. This unique partnership aims to revolutionize the luxury real estate market in the destination and redefine the concept of owning a home in paradise.
The Maldives has garnered a preexisting reputation for its unrivalled natural beauty as depicted through its pristine white sand beaches, crystalline turquoise waters, and picturesque scenery. With this collaboration, the trio seeks to offer individuals the rare opportunity to own a slice of this tropical archipelago while they indulge in all the luxury offerings and amenities provided by a world-class resort.
The project will be operated by one of the prominent players in the tourism industry of Maldives, The Cocoon Collection. On average, the brand generates a conservative 75% occupancy throughout the year, meaning that investors can rest assured knowing their investments will incur the intended returns. Currently, The Cocoon Collection owns two hotels in the paradisiacal landscape: The Cocoon Maldives and You & Me Maldives with two other properties in the pipeline for opening and one underway in Zanzibar.
Hussain Akbarally, Director of Cocoon Resorts remarked: “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 Resort-Residence Model is a pioneering concept conceived by CPG which combines the exclusivity of private residences with the excellent facilities and services rendered by luxury resorts. This novel offering will allow homeowners to experience the epitome of privacy and comfort, further strengthened by the celebrated hospitality of the Maldives. As a renowned luxury leisure property developer, CPG supplies its expertise in creating high-end properties to this collaboration as well as smooth management, sensitive design, and access to its substantial sales funnel.
Coupled with its passion for sustainability and environmental preservation and the company’s commitment to developing extraordinary living spaces, CPG perfectly syncs with the ethos practiced in the Maldives. "We are thrilled to be partnering with Cocoon Collection and Bison Group of the Maldives to launch the first-ever dedicated Resort-Residence Model luxury development in this breathtaking destination," said Reza Magdon Ismail, CEO of Crystal Property Group.
On the other hand, the Bison Group of the Maldives combines its vast experience in planning, construction, and delivery of complex builds both on land and over water, which has established them as one of the pioneers of resort construction in the region. By joining CPG on this innovative venture, Bison Group aspires to extend its expertise beyond traditional resorts and create unique living experiences that surpass expectations.
The Chairman of Bison Group, Abdul Majeed commented: “We are excited to extend our expertise beyond traditional resorts and embark on this extraordinary venture with Crystal Property Group and Cocoon Resorts. By combining our strengths, we aim to create a first-of-its-kind leisure product in the Maldives.”
The iconic project will be strategically staged on a remarkable island on Atoll 1, located a mere 25 mins away by speedboat from Velana International Airport (VIA). The scope of the development will include the construction of 42 multi-million-dollar villas, dotted both on water and on land, private infinity pools, state-of-the-art fitness center, spa and wellness facilities and gourmet dining venues. Adding to this, investors can also delight in world-class amenities and personalized concierge services.
The development of the model will focus on incorporating sustainable practices that mitigate and minimize the environmental footprint and preserve the natural beauty of the Maldives. Infinite by Cocoon Collection is set to launch the sales of the Resort-Residence Model luxury development in September of 2023, with construction scheduled to commence in January of 2024.
