Best Cheapest Water Villas in the Maldives

Top Budget Over-Water Accommodation in Maldives


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Book Your All Inclusive Vacation and save 25% in Atmosphere Hotels and Resorts, Maldives

Updated June, 2022

When you dream of an overwater villa - the Maldives is simply a must go destination for any travelers, offering some of the most high-class accommodations. With luxury amenities and spacious design, the water villas exude privacy and will be ideally located for swimming and snorkelling on the house reef. Relax on sundeck under the blue skies, or as it turns gold with the sun setting. Indulge and rejuvenate, unwind and reconnect with nature. Located across the idyllic, aquamarine lagoon it’s hard to beat any other room that outranks an overwater bungalow.

A water villa is usually a couples' choice, but it can cost $1,000 or more per night. The whole holiday experience including flight can be fairly expensive and that kind of price tag can be a honeymooner's nightmare. While it may never be cheap to visit thу Maldives, fortunately there are still some chic and relatively affordable overwater villas you can stay.

We rounded up overwater villas around the Maldives, nearly all of which range from $300 to $500 per night. Although they lack in luxury and privacy all provide ultimate natural beauty, a great service, and both an elegant retreat and a unique experience at an attainable price point.

1 Reethi Beach Resort

Reethi Beach Resort
Booking.com

Best Experience:   Honeymoon, Beaches, Diving, Value

A lovely, all-round resort, Reethi Beach is a lush island with an unspoilt setting and follows the relaxed Maldivian way of life. In each of its aspects, you will find a piece of all the best that makes this resort so special. On the water, choose from catamaran sailing, canoeing, kitesurfing and waterskiing. Under water, there's superb snorkelling on the house reef, with the chance to spot many species of fish, turtles and octopus – even dolphins have been known to come this close. Diving is another highlight, with house reef dives and multiple trips further afield on offer every day. Reethi Beach Resort has been named one of the World’s Best Budget-Friendly Honeymoon Destinations by Australia’s leading international travel agency Flight Network in 2017.

Water Villas are built over the lagoon on stilts and feature patios with steps leading into the lagoon, soaking tubs, bathrobes, DVD players, bottled water, tea, teakettles, and sun loungers. All rooms have one king-size bed. Two twin beds are also available in Reethi Villas. Design-wise, villas have parquet floors, white walls with watercolor paintings of flowers or rural life, simple wooden furniture, and colorful throw pillows and curtains. Wi-Fi packages can be purchased for a fee. Read Full Review

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2 Vilamendhoo Island Resort & Spa

Vilamendhoo Island Resort & Spa aerial
Booking.com

Best Experience:   for Couples, Family holiday, House Reef Snorkeling & Diving, Value, All Inclusive

With one of the best house reefs in the Maldives, the great strengths of Vilamendhoo have always been snorkeling and diving, and affordable accommodation. After a major renovation it was re-opened as a luxury resort than ever. And it says a lot. With 184 rooms, Vilamendhoo Island Resort & Spa is a luxury resort on a private island with a magnificent green and cozy landscape. The rooms are spacious and beautiful with furnishings from bright and playful to sober and chic. There are also Water Villas that grow from the pier at the western end. The resort boasts several swimming pools, restaurants, as well as sports fields, a spa (and much more) scattered throughout the island which is divided into the family and "adults only" areas. With a magnificent house reef and All Inclusive offering - ​​it's a romantic, quiet choice for families and couples alike.

If the western half of Vilamendhoo is strictly "adults only", the eastern half is given to those who travel with children, which in general make up 5% of the total number of guests. The resourt has a family swimming pool with a bar and a playground for children. An additional plus, the hotel goes further offering a family package, which makes Vilamendhoo more affordable experience - kids receive huge discounts for living together with parents, full board meals or "all-inclusive plus", and even a seaplane transfer. Read Full Review...

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3 Reethi Faru, Bio Luxury Resort

Responsive image
Booking.com

Best Experience:  Couples, House Reef Snorkeling, Activities, Beaches

With an amazing house reef, Reethi Faru is a new 5-star resort opened in November 2017 in Raa Atoll. Stunning beach, palm trees and natural tropical vegetation form this paradise island of Filaidhoo. Meaning in Dhivehi "Beautiful Reef", Reethi Faru fully justifies its name and boasts a vibrant house reef not far from the shore. With excellent accommodation, both on the beach and over the water, with five restaurants to choose from, a spa, a wide selection of water sports, including diving and snorkeling. A member of Preferred Hotels & Resorts Reethi Faru Resort is the perfect holiday escape for couples or for families or friends traveling together with an excellent value for money.

The spacious Water Villas (78 m²) offer a luxurious and ethereal beach vacation. Tranquilly positioned over the clear blue lagoon on stilts to provide you with an authentic Indian Ocean experience, these villas are unique and beautifully designed to offer you the most spectacular views of the ocean. Let the sound of the waves gently lapping below whisk you away into a peaceful trance. Read Full Review.

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4 Kandima Maldives

Jumeirah Vittaveli
Booking.com

Best Experience:   Family, Activities, Beach, Nightlife, Value

Kandima is a "new look" of the Maldives combining wild parties in the beach club, extensive dining options and even a chance to see the dolphin from the bathroom. It's about genuine hospitality with a human face and clever solutions that use the latest innovations, not to mention the playful spirit of a private island. Kandima was a late-comer to the Maldivian tourist market and is markedly different to the classic honeymooner resorts. It's aimed at sports-loving, party-going groups as well as couples and active families, and has a range of accommodation options, from affordable studios to luxury pool villas.

Located on a lush tropical island in Dhaalu Atoll is just a 30-minute flight from Velana International Airport, Kandima offers a choice of 266 stylishly designed studios and villas, with 11 different categories to choose from. The four-star plus resort has first class facilities, boasting the largest pool in the Maldives, tennis courts, an art studio, a marine biology school, a kids club, a game room, a library, a gym, a yoga studio and a spa. Read Full Review

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5 Coco Palm Dhuni Kolhu

Coco Palm Dhuni Kolhu AERIAL
Booking.com

Best Experience:   for Couples, Beach, Diving, Value

Coco Palm Dhuni Kolhu is a quiet place in the UNESCO Biosphere reserve on Baa atoll in Maldives where you will find luxury, beauty and privacy at reasonable prices. Only 98 rooms, two restaurants, SPA and sports grounds and the removal of the island takes 30 minutes by seaplane from Male airport. Snorkeling and scuba diving is awesome and the resort offers a number of fun tours, but there is no pool on the island.

The unique wooden Lagoon Villas offer absolute indulgence for those who are looking for exclusivity and seclusion. Lagoon Villas also feature a comfortable rural style, but are noticeably ahead of the beach accomodation. This style is a kind of hideaway for a Maldivian gentleman. Read Full Review

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4 OBLU XPERIENCE Ailafushi

OBLU XPERIENCE Ailafushi

Best Experience for: Couples, Groups, Families, All Inclusive, Diving, Activities

OBLU XPERIENCE Ailafushi is a brand new all-inclusive resort in Maldives near Male airport. You won't lack for variety here: OBLU XPERIENCE Ailafushi, opened on 2th June 2022, is all about immersing in a free-spirited Maldivian vibe. As laidback 4-Star All-Inclusive Resort showcases 268 accommodation options in 4 categories on an All Inclusive basis. XPERIENCE Ailafushi's ultimate Fushi PlanTM creates a free-spirited Maldivian holiday experience for the modern traveller – be it families, couples or friends. Enjoy all-day dining at the Element X Restaurant, poolside indulgence at X360 Bar, and chilled-out dinners at The Copper Pot Truck. Add a touch of the spectacular to your stay with an additional reservation at the Only Blu Underwater Restaurant. Read more

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6 Sun Siyam Olhuveli

Olhuveli Beach & Spa Maldives
Booking.com

Best Experience:  for Couples, All Inclusive, swimming pool, activities, kitesurfing

Spanning across three paradise islands and, is just 45 minutes by speedboat, Sun Siyam Olhuveli offers accommodations ranging from Maldivian-inspired suites to sleek contemporary villas. Designed to cater to your every whim, the all-inclusive resort has three pools to choose from, including an adults-only infinity pool that never fails to impress, and the lagoon that may entice you into adventure. With various activities, beautiful beaches, and above-average food, Olhuveli Beach & Spa Resort is a good value for money for the Maldives. 164 rooms range from a basic beach villa to high quality Water Villas, and an adjoining rooms for families.

There are 2 categories of Water Villas in the lagoon, and even more expensive rooms, the further they are from the bustling center of the island. Together with them there are 5 Honeymoon Water Villas. The rest of the oval-shaped quay is formed by 32 Water Villas with a Jacuzzi. In the shape of a petal, the second jetty of water bungalows grows from the middle of the island towards the sunrise, with a collection of 21 Deluxe Water Villas. Honeymoon Villas are almost apartments, with a 'cloakroom' entrance and a separate living room with gold and dark purple curtains. Their sun decks are very large and there is not only a jacuzzi, but also a sauna and a massage shower. Read Full Review

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2 Oblu Nature Helengeli

Oblu Nature Helengeli - Premium All Inclusive with Free Transfers aerial view
Booking.com

Best Experience for: Couples, Families, All Inclusive, house reef snorkeling, diving

Embracing the greenery of the island with its beautiful house reef, OBLU Nature Helengeli is an all-inclusive resort with laid-back island vibe and fashionable design. Just a 50-minute speedboat ride from Malé airport, Helengeli is equipped with 114 villas and suites each with a mixture of rustic and tropical interiors. Accommodation is offered on the beach or over the water, and each room is equipped with a spacious open bathroom, and some with private pools. In addition to nice rooms and delicious food, Oblu at Helengeli is undoubtedly a paradise for divers. The resort has its own diving school, with certified PADI courses, and in the region there is an attractive selection of world class dive sites, including an incredibly famous house reef. Read Full Review

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7  Sun Island Resort and Spa

Sun Island Resort and Spa
Booking.com

Best Experience:  for families and couples, All Inclusive, swimming pool, activities, kitesurfing, swimming with whale shark

Sun Island Resort And Spa is located in luxurious surroundings of South Ari Atoll. It is not everyone’s cup of tea and parts could do with some modernisation but for a moderately priced, sporting, entertaining and easy holiday with a good beach and lagoon, this is a world of breathtaking possibility, where adventure and relaxation are equally within reach. With a relatively large island and a long list of dining and recreational facilities, Sun Island Resort is ideal for active groups on a budget, but probably less than ideal for honeymoons or those in search of a secluded romantic holiday.

The 462-room 5-star resort is the largest in the Maldives. It's also among the cheapest, especially for the overwater rooms, so if price is a major factor then this resort offers good value. There are five bars, a 24-hour coffee shop, and five restaurants, including three specialty dining spots on the island. Catering to many large tour groups and families, the all-inclusive plans here are the most popular. Read Full Review.

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9  Filitheyo Island Resort

Filitheyo Island Maldives Resort
Booking.com

Best Experience for:  Couples, Families, Value, House Reef Snorkeling, Diving

For many visitors Filitheyo Island Resort is one of the best hotels in the Maldives, and definitely a secret dream for everyone who loves diving and snorkeling. Filitheyo Island Resort is located in Faafu Atoll, the undisputed winner among the most unspoiled atolls of the Maldives, abundant in vibrant marine life and healthy corals. Snow-white sandy beach with fringe of palm trees reflected in the turquoise lagoon, comfortable accommodation in the depths of dense vegetation and over the water, delicious food under bright stars, spa, excursions to uninhabited islands, a large choice of activities, and last but not least fascinating diving and snorkeling at house reef - here is an approximate picture of Filitheyo, a brilliant emerald in the crown of the Maldives. Read Full Review

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10 Riu Atoll - All Inclusive

Centara Ras Fushi Resort & Spa Maldives is best choice
Booking.com

Best Experience:   All-Inclusive, Couples, Families, Beach, Activities, Value

Riu Hotels & Resorts offers its first properties in Maldives, Hotel Riu Atoll and Hotel Riu Palace Maldivas. The two 24-hour all-inclusive hotels are located in Dhaalu atoll, a 40-minute flight from the main Velana International Airport plus a 10-minute speedboat ride.

The four-star Hotel Riu Atoll offers 264 villas, 36 of which are suites over the Indian Ocean. The rooms are equipped with all the best comforts such as a minibar, air conditioning, safe box and satellite TV. Connected to Hotel Riu Atoll by a walkway surrounded by a lagoon, the five-star Hotel Riu Palace Maldivas offers 176 villas, 72 of which are overwater suites. The rooms — some of which has Junior Suites — are equipped with minibars, drinks dispensers, kettles, air conditioning and satellite tv, amongst many other facilities. A truly All Inclusive, the both Riu's hotels offer a range of cuisines that will surprise you. Guests at Hotel Riu Palace Maldivas are recommended to take advantage of the Hotel Riu Atoll’s facilities to enjoy massages and beauty treatments in the spa, water sports such as diving, kayaking and paddle surf, and the entertainment programmes full of shows and live music. Read Full Review

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11 Sun Siyam Vilu Reef

Sun Siyam Vilu Reef, reef villas jetty
Booking.com

Perfect for:   Couples, Families, Value, Spa, House Reef Snorkeling, Diving

Sun Siyam Vilu Reef is superbly endowed with nature. A nice house reef near one side for snorkeling; The sandy lagoon on the other hand is ideal for water sports. No matter where you look from - your own pool, turquoise lagoon, white beach or ocean - every day you wake up with beautiful views and in a great mood.

Villas over water feature charm, style and serenity – that’s the unique blend of island hospitality you’ll find in the rooms. The jacuzzi is installed on a large outer deck, which also has a useful shaded area. Privacy is complete, which is great, although it means that there is a little less light in the rooms. On the other hand, the bridal villas have a separate living room with glass walls on three sides, but privacy is still high. For exceptional sunset views try Sunset Reef Villas. Read Full Review

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