This luxury villa development in Hiriketiya is just 500 meters from the beach and 550 meters from Dickwella Beach, both only a 5-minute walk away, offering an incredible opportunity in one of Sri Lanka’s emerging and already very popular boutique surfing destinations. Set on a 1,249m² plot, the project will feature four 2-bedroom villas and one 4-bedroom villa, all designed by Shakticola Architects, one of the best architectural firms known for their high-quality, innovative designs.

Each villa will be designed with luxury in mind, featuring en-suite bathrooms, sundeck living areas, and an open-plan kitchen and dining space. The villas will also have private swimming pools with sun decks, offering guests or owners a perfect space to relax and enjoy the surroundings. Inspired by the luxury villas in Bali, the development will create an oasis-like environment, offering complete seclusion and a curated experience from the moment you step through the walled entry.

This development presents a strong investment case, with an estimated stabilized annual gross cash yield of 22%, a 5-year IRR of 18%, and a total investment cost of $1,450,000. Investors can secure a minimum 5% share for $72,500, with additional increments of $14,500 available. All investors will become shareholders in a UAE-based holding entity, with a projected full exit by year five.

This project will offer operational excellence, delivering five-star service levels, including daily cleaning, and partnering with online travel agencies and local management to maximize income while staying competitive in the market. These partnerships will ensure the villas achieve optimal occupancy rates while maintaining top service standards.

The project’s timeline is already progressing: the land was purchased in July 2024, subdivision into five separate plots is ongoing, and architectural designs are being finalized. Fundraising is expected to complete by Q4 2024, with construction beginning in Q1 2025 and operations planned to commence by Q2 2026. Contact us for more information, visuals, and details on how to invest in this promising project.