Advertorial: Blue Lagoon Luxury Residence marks major milestone with foundation stone and new community program

The Blue Lagoon Luxury Residence in Hulhumale' has officially entered a new phase of development with the laying of its foundation stone, marking a major milestone for one of the most anticipated residential projects in Phase II.

Excavation work began last December, and the groundbreaking ceremony drew strong interest from both confirmed buyers and prospective residents. The event also saw the launch of Blue Lagoon’s special community development program, a first-of-its-kind initiative in the Maldives. Under this program, residents can actively contribute to building their future neighborhood, and those who refer new buyers will receive a 1 percent discount on the referred buyer’s apartment.

Developed by VCIL, the Blue Lagoon project features two residential towers, Pearl and Coral, along with the Blue Lagoon Commercial Arcade, promoted as the first open‑concept mall in the Maldives. Together, the two towers will offer 250 premium apartments, designed with spacious layouts and modern finishes.

Bookings for the first 10 floors of the Pearl Tower opened this month to an overwhelmingly positive response. An additional five floors, the tower’s premium upper levels, will be released later this year. Notably, Pearl Tower will be the only luxury residence in the area offering direct marina views, a key highlight driving strong early demand.

Bookings have also opened for the 13th, 14th, and 15th floors of the Coral Tower, offering cozy, high-floor apartments with scenic views.

Special introductory prices are available for the first 50 units of the Pearl Tower. Within just the first two weeks, 25 percent of the tower’s units have already been sold, underscoring the strong market appetite. Interested buyers are encouraged to visit the Blue Lagoon Sales Office to secure their preferred units.

Blue Lagoon Unit Prices

• 2 BHK (1035 sq ft) – Starting at MVR 4.25 million  

• 2 BHK Luxury (1280 sq ft) – Starting at MVR 4.42 million  

• 2+1 BHK (1340 sq ft) – Starting at MVR 5.35 million  

• 3 BHK (1795–1875 sq ft) – Starting at MVR 7.17 million

Prospective buyers can also take a guided tour at the sales office to experience the apartment layout, finishes, and overall design through a detailed walkthrough.

Blue Lagoon is registered under the Bank of Maldives Home User Financing / Home Purchasing Loan, making the units more accessible for homebuyers.

The development promises an elevated lifestyle with extensive amenities. More than 35,000 square feet is dedicated to resident services, including 24,000 square feet of terraced gardens, the largest terrace garden in the Maldives. Located on the 18th floor, this expansive space will feature a swimming pool, jogging track, open seating areas, and lush greenery connecting the two towers.

Complementing this is the 16,500-square-foot Grand Club House, designed for family gatherings, recreation, and community living. Facilities include a fully equipped gym, multipurpose hall, private theatre, children’s playground, daycare, and meeting rooms.

Blue Lagoon Luxury Residence continues to set new benchmarks in premium urban living, combining modern design, community-focused features, and unmatched amenities in the heart of Hulhumale' Phase II.