1 Welcome to Soneva

When we first built Soneva Fushi on the deserted island of Kunfunadhoo in the in 1995, we had no idea that our intensely personal vision of a locally crafted villa and environmentally responsible lifestyle would form the basis of a successful collection of world-class hotels, resorts and residences. But that’s exactly what happened.

Soneva Fushi pioneered a trend for inspired luxury holidays. Soneva Kiri opened in Thailand in 2009 and became the first Soneva resort to offer private ownership to its discerning clientele. In 2011, Soneva became the first to offer luxury resort real estate for foreigners in the Maldives, with the launch of villa sales at Soneva Fushi. In 2016, a limited number of overwater and island villas became available for sale at Soneva’s newest resort, Soneva Jani. We are still the only company to offer private ownership options to foreigners in the Maldives.

Private villa ownership was launched upon the request of our enthusiasts: Soneva guests that enjoy our Asian service philosophy, complemented by the harmony of the environment in which we operate.

We hope that being a Soneva Villa Owner will be a wonderful experience for you, your family & friends… a place where your children grow up wise in the ways of nature, and where holidays become a much anticipated reunion with family and other villa owners.

Not every Soneva guest will be a Soneva Villa Owner and for the discerning few who choose this deeper journey with us, thank you.

2 3 Inspiring a Lifetime of Rare Experiences Our Presence

At the of the development and operation of each property is Soneva is a privately owned group of companies, backed by over 20 years of operational success, leading the world in the development our Intelligent Luxury ethos, creating unforgettable, enlightening of sustainable luxury resorts and private residences. We own and operate all of our properties, enabling us to ensure that the outstanding experiences. standards for which the Soneva brand is renowned are consistently maintained.

Soneva continues to raise the benchmark for intuitive service, environmental sensitivity and gracious living. The perfect synergy of these elements forms the foundations for living at Soneva Private Residences in the Maldives and Thailand.

Our team is passionate and committed to offering you magical moments during your stay; rare and exceptional experiences that are astute and highly desired. Location: Koh Kood Thailand Year in operation: 2009 No. of Villas: 34

Location: Republic of Maldives Launched late 2015 1 luxury yacht with 2 bedrooms

Location: Location: Noonu Atoll Republic of Maldives Republic of Maldives Year in operation: 1995 Year in operation: October 2016 No. of Villas: 63 No. of Villas: 26

Soneva in Aqua Soneva Fushi Soneva Jani Soneva Kiri

4 5 Why the Maldives? Villa Ownership

Benefitting from an ideal climate, with soothing tropical breezes Soneva are the only company in the Maldives to sell property to and average temperatures of around 28°C (82°F) during the day foreign investors. Since 2011, we have sold 26 villas to 22 owners and 23°C (73°F) at night, the Maldives is the perfect location for who come from the UK, France, Denmark, Japan, Germany, Dubai, your next private residence. Russia, China, Sweden and Switzerland.

Strategically located close to the Middle East and Far East, A limited number of spectacular prime beachfront Private and served by an extensive travel network that includes four Residences and plots are still available to purchase, each of international and six domestic airports, the Maldives’ robust which is uniquely-designed and carefully located to combine tourism industry is boosted by an educated and youthful maximum privacy and tranquility whilst being close enough workforce, and advanced telecommunication and Information to enjoy Soneva’s first-class services and amenities. and Communications Technology coverage. Benefitting from abundant natural light, lush foliage and In late 2018, Soneva will begin offering direct transfers in its picturesque views, the sprawling villas are made of sustainable own 10-seater twin otter seaplane, ensuring luxurious comfort, materials and comprise detached living areas joined by wooden privacy and exclusivity for guests staying at Soneva Fushi or walkways, offering the luxury of space to villa owners and their Soneva Jani. families.

Each Private Residence is bespoke, designed to meet the owner and their family’s specific requirements, whilst remaining true to the Soneva values. Indulge in your childhood fantasies as we build the perfect holiday home - be it a kid’s tree-house, a special herb garden or your own star-gazing over water deck.

6 7 Benefits of Villa Ownership

Soneva Villa Ownership is particularly appealing to those who return to the Maldives regularly for the following reasons:

• Our residences achieve a strong cash yield when rented out • prices, especially in the Maldives, have been appreciating by around 8% to 10% per annum. • Owners benefit from the use of their villa during their holidays. This adds up to a significant amount of savings over several years. (Ownership days can be used within all Soneva properties in the Maldives & Thailand).

Owner Savings

Soneva offers many special savings to villa owners including:

• 20% savings on F&B (excluding alcoholic beverages & mini bar) • 20% savings on seaplane transfers

8 9 Soneva Jani, located in the Medhufaru lagoon in the Noonu Atoll, comprises five islands, the largest of which is Medhufaru is 150 acres in size. The resort can be reached by a scenic 40 minute seaplane flight direct from Malé International Airport, a 75 minute speedboat ride from Soneva Fushi, or by a leisurely half day cruise from Soneva Fushi onboard Soneva in Aqua.

A new domestic airport will open nearby in Noonu Atoll in the first quarter of 2019 with facilities for private jets and commercial planes.

Future plans for Soneva Jani include a clubhouse and pool located on the South beach. A state of the art children’s club (The Den) is also set to open in late 2019. A turtle sanctuary is also planned. Phase two of Soneva Jani includes an additional 25 water villas located on the other side of Medhufaru island, with construction set to commence in 2019.

10 11 Zuhair’s Beach

Sold Soneva Jani comprises “The Gathering” in the middle of the lagoon, On land, the plan comprises 32 island villas (of which only villa no. 28+34 have been built), 5 Sunrise Side 4 24 overwater villas, ranging in size from one to four bedrooms. ranging in size from one to four bedrooms. Larger bespoke family villas, such as six and seven bedroom properties can be built upon request. 6 Zuhair’s Beach North Beach Turtle Beach G H Limited plots 7 F 28 3 Sold available 9 Sunrise Side Sold 34 Limited plots available 11 Sold 14 I 1 2 8 10 B 3 Bedroom Island Reserve Medhufaru Beach J 12 C D 15 25 F 4 Bedroom Island Reserve 17 23 Limited plots available 19 21 1 Bedroom Water Retreat Resort Amenities Sunset Side 2 Bedroom Water Retreat E 16 24 F Walkway to Water Villas 3 Bedroom Water Reserve 18 20 22 G Tennis Court K Sold 4 Bedroom Water Reserve Sunset Side H Screw Pine Alley Soneva Jani Sea Plane M Pick Up/ Drop N A L I Pergola Resort Amenities South Beach J Watersports Champa A Arrival Jetty K Cinema Paradiso B Dive School Medhufaru Lagoon L Crab Shack C Marine Biology Centre M The Den D The Gathering - Restaurants PLOT SIZE BUILT UP AREA N The Clubhouse - Bars CATEGORY BEDROOMS Limited number of - Spa (square yards) (square feet) Water Villas for sale - Shop PLOT SIZE BUILT UP AREA Water Retreat 1 N/A 4,445 – 4,682 CATEGORY BEDROOMS - Gallery and Library (square yards) (square feet) Water Retreat 2 N/A 6,243 - 6,555 E So Starstruck: the Observatory Island Retreat 1- 2 736 3,240 – 6,265 Water Reserve 3 N/A 6,243 - 6,555 F Walkway to Island Villas Island Reserve 3 4,306 11,442 Water Reserve 4 N/A 13,401 Island Reserve 4 4,306 18,858

12 13 14 15 16 17 18 19 20 21 22 23 Located in the Baa Atoll, Kunfunadhoo Island is one of the largest islands in the Maldives. The resort can be reached by a scenic 30 minute seaplane flight direct from Malé International Airport or a 12 minute speedboat ride for guests scheduled on domestic flights at the nearby Airport.

24 25 Dharavandhoo Island Sandbank Airport

Soneva Fushi International Airport

Sunrise Side Turtle Beach

1 plot 38 R available 37 Kannai Arrival Jetty 4BR SOLD 4BR Q SOLD Protected Nature 36 Reserve 4BR S P SOLD O N C Sold Villas D A M L 17 Villas available for sale 41 E B 16 1BR 15 1BR 14 3BR F 4BR 42 SOLD SOLD K 3BR G SOLD 11 6BR 9 Resort Features SOLD 9BR A Mihiree Mitha Restaurant 43 3BR SOLD 5 B By the Bar 6BR 44 SOLD 45 3BR C Watersports Champa SOLD 2 2BR H SOLD D Down to Earth Restaurant 2BR 3BR SOLD 1 E Guest Relation Champa 56 Protected Nature 3BR F So Glasscycle – Glass & Art Studio SOLD 1BR I Reserve G Table Tennis Champa SOLD Dolphin Beach H The Den – Children and Teenage Club 65 67 Limited plots available I Vegetable Garden 68 69 70 3BR J Bar(a)bara SOLD 3BR 4BR J SOLD 3BR 2BR K Wine Cellar, Conference Room SOLD SOLD and Soleni Dive Center L Spa and Gym M Tennis Court N Fresh in the Garden Restaurant Sunset Side O Ever Soneva So Celestial (The Observatory) P Eco Centro Q Turtle Beach Yoga Champa R Cinema Paradiso S Out of the Blue The above masterplan is valid as per May 2018. The map is not drawn to scale. The Developer reserves the right to amend the specifications as necessary and without notice. All images and information are for illustrative purposes only and should not be relied upon as a basis for purchasing. Purchases of Private Residences will be subject to the terms, conditions and provisions to be provided by The Developer. 26 27 28 29 30 31 32 33 34 35 36 37 Modifications of Villas Taxes

Villa owners who elect not to join the Rental Program may alter Owners are responsible for two taxes: their villas to the extent that the alterations do not affect the • 12% Tourism & Goods Service tax (this is a one off payment at exterior of the villa itself or the appearance from the exterior. time of purchase) The developer’s written approval is necessary if you wish to • 15% Annual Business Profit Tax on the net profit modify the floor plan/layout of the villa, the exterior of the villa from rental income or the materials used in the villa’s construction. Construction

Soneva uses top contractors and construction companies in the Maldives. For any new build villas, we commit to a one-year construction period, with construction commencing on the following low season (from 15th May of every year). Usually the villas are built well within the one year period. Land Lease and Villa Purchase Agreements Payment Villas ownership is structured on sub-lease basis for the duration The payment schedule for a new-build is: of the lease of the Island by Soneva and the • 10% deposit is required to secure your villa (refundable, on Government. Any future lease extensions will be passed onto cancellation within 30 days); the buyer at a formula equal to [(1/total number of villas) x • 30% upon contract execution; lease extension price for the island]. • 30% upon ‘Roof on’ Stage; • 30% is due upon completion/handover of your villa. At Soneva Jani, the remaining lease stands at 46 years, at Soneva Fushi, the remaining lease stands at 26 years. The payment schedule for an existing villa is: • 10% deposit upon contract agreement Both resorts have an option to extend the lease for an • 90% at handover stage additional 49 years on payment of $5 million.

Although no local mortgage facilities are available, Soneva can All owners are provided a ‘strata title’ deed which provides work with each buyer to agree a bespoke payment plan if required. evidence of ownership.

38 39 Finance & Pricing

Villas are priced from USD$3M for a 1 bedroom villa on Soneva Jani to USD$15M for a 9 bedroom villa on Soneva Fushi. The following provides an illustration for a 4 bedroom villa at Soneva Jani. Please contact us for more information or pricing on alternative villa sizes.

4 Bedroom Property: Overwater Villa with Slide

Purchase Price: USD$10,000,000 Gross rental revenue: USD$1,784,467 - 10% Management Fee: -USD$178,447 Net Rental Revenue: USD$1,606,021 - Net to villa owner (50%) USD$803,010 Soneva Carbon Footprint

- Ownership costs (2% of purchase price): - USD$200,000 Soneva’s vision is to become decarbonising through Cash Yield (Year 1): USD$603,010 (6.03%) implementing programmes that will result in a net absorption of CO2. An environmental levy of 2% is added to each guest’s Value of 30 room nights annually: USD$367,465 stay. The Soneva Foundation invests this in projects that have Return on life (cash yield+room value) USD$970,475 (9.7%) a positive environmental, social and economic impact and (year 1): importantly, offset carbon emissions from resort activities and *for illustration purposes only guest flights. For more information visit our website.

40 41 Awards Awards

CONDÉ NAST TRAVELER - THE BEST HOTELS AND RESORTS IN THE WORLD FLIGHTNETWORK INSTYLE BEST OF WEDDINGS AWARDS 2017 VIP INTERNATIONAL TRAVELLER READER’S TRAVEL AWARD 2016 The 2019 List – Soneva Fushi The World’s Best Luxury Honeymoon Destinations 2017 – #17, Winner, Best Honeymoon Resort in the Maldives 2nd Place Sustainable Luxury Tourism – Soneva Kiri Soneva Kiri – Soneva Fushi and Soneva Jani CONDÉ NAST TRAVELER - THE BEST HOTELS AND RESORTS IN ASIA BRIDES MAGAZINE HONEYMOON AWARDS 2016 The 2019 Gold List – Soneva Fushi CONDE NAST TRAVELLER INDIA, READER’S CHOICE AWARDS 2017 LOVE TRAVEL AWARDS 2017 Winner, Best Honeymoon Hotel in Asia and India – Soneva Kiri Winner, Favourite New Overseas Hotel – Soneva Jani Winner, Most Romantic Resort in the Indian Ocean WEDDING SUTRA HONEYMOON AWARDS 2018 – Soneva Fushi RESPONSIBLE TOURISM AWARDS 2015 Winner, Top Luxury Hotels / Resorts (International) – Soneva Fushi LUXURY TRAVEL MAGAZINE AUSTRALIA Winner, Best Beach for Tourism – Soneva Fushi Best New Property 2017 – #5, Soneva Jani GREEN HOTELIER AWARD 2017 CONDE NAST TRAVELLER READERS CHOICE AWARDS (USA) Winner, Asia Pacific, World’s most eco-friendly and sustainable hotels MATATO MALDIVES TRAVEL AWARDS 2015 Best Resort in the World – #30, Soneva Fushi CNN.COM – Soneva Fushi Leading Luxury Resort – Soneva Fushi 15 hot new hotels to check out in 2017 – #1, Soneva Jani PURE AWARDS 2018 NATIONAL GEOGRAPHIC TRAVELLER (UK) FAMILY TRAVEL AWARDS 2015 Community Engagement Award Winner – Soneva Fushi CONDE NAST TRAVELER CHINA Runner Up, Family Favourite 2017 – Soneva Fushi Winner, Best Long-Haul Accommodation for Families Hot List 2017, Best New Hotels – Soneva Jani – Soneva Fushi LOVE TRAVEL AWARDS 2018 CONDE NAST TRAVELER CHINA Best Wedding Hotel Indian Ocean – Soneva Fushi CATHAY PACIFIC LOYALTY PROGRAMME Gold List Winner, Best Island Hotel in the Maldives 2017 TRIPADVISOR TRAVELER’S CHOICE AWARDS 2015 Top New Hotel in the World 2017 – #3, Soneva Jani – Soneva Fushi Top 10 Hotels for Service, Maldives – Soneva Fushi CONDE NAST TRAVELLER’S GOLD LIST (USA) 2018 Soneva Fushi CONNOISSEUR CIRCLE HOSPITALITY AWARD 2017 MATATO MALDIVES TRAVEL AWARDS 2016 Winner, Best Resort in the Indian Ocean – Soneva Jani Winner, Leading CSR Programme – Soneva Fushi MR & MRS SMITH AWARDS 2018 Winner, World’s Sexiest Bedroom – Soneva Jani CONDE NAST TRAVELLER UK VIP INTERNATIONAL TRAVELLER READER’S TRAVEL AWARD 2016 The Hot List 2017 – Soneva Jani 1st place Sustainable Luxury Tourism – Soneva Fushi PRIME TRAVELLER AWARDS (RUSSIA) – 2018 Best Family Hotel – Soneva Kiri ROBB REPORT USA GLOBAL TRAVEL EXPERIENCE AWARD 2016 Winner, Best of the Best Award 2017 – Soneva Jani Finalist Best Eco-conscious Hotels/Resort – Soneva Fushi CONDE NAST TRAVELLER READERS CHOICE AWARDS (USA) Best Resort in the World 2018 – #38, Soneva Kiri JETSETTER’S BEST OF THE BEST 2017 AWARDS TATLER MAGAZINE UK 2016 Winner, Best Over-The-Top Luxury category – Soneva Jani Winner, Style with Soul Award – Soneva JanI 8TH BEST DESIGN HOTEL AWARDS – BUND MEDIA CHINA Winner, Best Internationally Acclaimed Hotel Award – Soneva Jani TRAVEL + LEISURE’S “IT LIST” 2017 FRONTLINE MAGAZINE PORTUGAL The Best New Hotels in the World – Soneva JanI Winner, Best International Hotel, 2016 – Soneva Kiri

42 43 www.sonevavillaownership.com 44