Construction of The Residences at Meliá Seychelles is well underway. The development is expected to officially open after construction is completed in the first quarter of 2026.
The main buildings for the business and leisure resort project, undertaken by Seafront Development Ltd, have reached roof height. The project is located near L’Escale Resort and across from Eden Island on reclaimed land along the east coast of Mahe, the main island, near the capital Victoria.
This five-star development will showcase the Spanish Meliá Hotel Group’s debut in Seychelles with 120 hotel rooms, 68 branded apartments, conference centre, commercial hub, multiple restaurants, spa, gym, 48 metre infinity pool and Seychelles’ first rooftop bar on the sixth floor overlooking Eden Island and its super-yacht marina and St Anne Marine Park.
Rod Thorrington, Project Development Manager, said: “The Residences at Meliá Seychelles allows investors to acquire 68 freehold title apartments, priced between US$500 000 and US$1.5 million, all managed by world-renowned Meliá Hotels & Resorts. Apartment owners will enjoy full access to the hotel’s extensive amenities.”
As the first branded apartments on the island, there will be 40 units in the South Block and 28 in the North Block. The fully furnished South Block apartments are included in the five-star Meliá Resort’s rental pool offering owners 42 days of complimentary use each year.
“The first 20 buyers in the South Block will benefit from a guaranteed minimum annual net yield of 5% for the first three years,” said Thorrington.
The 28 fully furnished apartments in the North Block will be sold as private residential units for owners to live in or rent to long-term tenants who will have access to hotel amenities.
In addition to the branded residences, hotel and conference facilities, The Residence at Meliá Seychelles will also have a private hospital. This facility is expected to serve hotel guests, residents and local people.
Seafront Development Ltd is a collaboration between Land Marine Ltd, a local port management and marine logistics company, and UAE-based ASB Ltd, which is a subsidiary of Albwardy Investment LLC with a diverse hospitality portfolio including the Four Seasons Seychelles Resort.
Thorrington said Seafront Development Ltd is registered in Seychelles and Land Marine Ltd owns 51% while Albwardy Investment LLC owns 49%.
The project is being built by Green Island Construction Company.
Staff recruitment will start next year in time for the official opening in 2026. Around 400 jobs will be created for as many qualified Seychellois as possible.
Thorrington said this project is also an opportunity to market Seychelles and various investment opportunities to the rest of the world.
“We have launched our international sales and marketing campaign through Pam Golding International. This is important as it speaks to a continued effort to attract foreign investments to Seychelles. We are very proud of our latest investment, especially at an international level in Seychelles.”
