Recent changes in Maldivian law mean that foreigners can now own property in the stunning Maldives archipelago. The new Viceroy Maldives Resort is pre-selling 12 of its superlative Deluxe Beach Villas on the private island of Vagaru — offering discerning travellers an opportunity to combine exclusive lifestyle enhancement with significant investment income. Operated by Los Angeles-based Viceroy Hotel Group, the resort is scheduled to open in January 2012. Set on 17 idyllic acres of Vagaru Island, in the Shaviyani Atoll, Viceroy Maldives is just less than an hour north by seaplane from the capital Male. Developed as a joint venture between Abu Dhabi’s Mubadala Development Company and EoN Resorts with interior designs by Toronto’s Yabu Pushelberg, Viceroy Maldives Resort comprises 61 bungalows — 32 over the water and 29 Beach Villas, of which 12 have been reserved for private sale.