Tropical paradise island, yours for $14 million

Jessica Morris, Special to CNBC.com

A tropical island in the Indian Ocean will go on sale on Wednesday, allowing punters to buy a piece of post-card perfect paradise for around $14 million.

Orivaru, which is 34.6 acres, forms part of a chain of tiny islands reaching across the equator. They're world renowned for their lush vegetation, white powdery sand and sparkling blue waters.

Orivaru island, Maldives.

It's one of 71 islands forming the Noonu Atoll, a section in the north of the Maldives, and is situated approximately 100 miles from the Maldivian capital Male. Of these only 13 islands are inhabited and would-be buyers could call the Hilton resort and spa on the island of Minaavaru a neighbor.

The island is an extravagant holiday destination in the making and it comes complete with planning permits for a hotel resort and spa. The licenses, issued by the Ministry of Tourism, will pave the way for 97 five star private rooms and water villas dotted around the coastline. It would also comprise restaurants, guest lounges and a spa.

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"Would-be developers literally have a blank canvas to create a luxury resort," the statement said.

The tiny island nation houses some of the world's swankiest hotels. Niyama Maldives boasts the world's first underwater club, which sits at the depths of the ocean, and has bottles of spirits costing up to $500. Additionally, a stay at the Velaa Private Island resort can set holidaymakers back tens of thousands of dollars a night.

World famous celebrities frequently honeymoon in the Maldives. Last year Black Eyed Peas' singer Fergie, who honeymooned there with husband actor Josh Duhamel, told the Chicago Tribune it was "one of the most romantic places I have ever been." Tom Cruise and Katie Holmes spent theirs on a yacht sailing across its crystal clear blue waters.

However the Maldives is the lowest lying country in the world, with the land sitting at an average of just 1.5 meters above water, and is particularly exposed to the effects of climate change and rising sea levels.

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Future sea levels are expected to rise between 10 to 100 centimeters by 2100, leaving the entire country under water, according to the World Bank.

The administration is working towards becoming carbon neutral by 2020. This includes a project with Italian designer Michelle Puzzolante, which could see floating resorts powered by solar energy some time in the future.

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