Located on a small island 35 minutes from Male, this luxury resort has 33 high-end water bungalows and a peaceful, all-natural vibe. Cocoa Island is primarily geared towards couples, and children’s facilities are sparse. Property highlights include gorgeous beaches, an infinity pool, on-site reef, excellent a la carte restaurant, and a pricey spa with a hydrotherapy pool and free daily yoga classes. Rooms come at a fair price for this caliber of property, but food and extras can add up fast. Still, it's a popular and less expensive alternative to Gili Lankanfushi.