Urbanco Announces Sale of Remaining Vinares Flats in Hulhumale’ Phase II

Urbanco has decided to open doors for potential buyers interested in the unsold units of the Vinares housing project located in Hulhumale'...

MPL Revises Rent Structure for New Port Residence Flats

Maldives Ports Limited (MPL) has made a revision to the rent for the recently constructed apartments located in Hulhumale’ Phase II under...

Urbanco Presents Keys to Vinares Flats

Yesterday evening, Urbanco formally presented the keys for the Vinares Housing Project flats during an Hulhumale’ Phase II event.

Urbanco Unveils Plans for 16 Residential Buildings in Hulhumale’

Urbanco has formally announced the construction of 16 new residential buildings in Hulhumale', during the Maldives Living Expo, where land was officially...

Government to Commence Land Allocation under Binveriyaa Scheme

President Ibrahim Mohamed Solih confirmed that the government will start allocating land plots to the eligible recipients of its Binveriyaa Scheme from...

Specialised Housing Bank Introduced with 6% Interest Rate Cap

President Ibrahim Mohamed Solih, in a pledge ahead of his re-election bid on September 9, announced the establishment of a specialised bank...

Housing Ministry Releases Provisional List for ‘Gedhoruveriya’ Scheme

The Ministry of National Planning, Housing and Infrastructure has released a preliminary list of applicants for flats under the 'Gedhoruveriya' Scheme in...

BML Extends Home Purchase Loan Repayment Period to 25 Years

Bank of Maldives (BML) has recently announced an extension to the repayment period for new home buyers' loans and financing. As of...

MTCC Signs with Planning Ministry for Development Projects in Five Islands

Maldives Transport and Contracting Company (MTCC) has inked agreements with the Ministry of National Planning, Housing and Infrastructure for development projects across...

Urbanco and Amir Mansoor Investment Partner to Launch Overwater Restaurant in Hulhumalé Phase 2

Urbanco, a renowned development company, announced a partnership with Amir Mansoor Investment to launch an exquisite overwater restaurant near Bridge 1 in...

Second Phase of Gulhifalhu Reclamation Project Underway

The second phase of the Gulhifalhu Reclamation Project has officially commenced, with the project's inauguration ceremony attended by the President.

Government Releases Initial List of Beneficiaries for ‘Binveriya’ Housing Scheme

The government has published an initial list of individuals who will receive land plots in the 'Binveriya' housing scheme. The list was...

2 Resorts Sold by Universal Were Bought by a U.S. Investment Firm

Universal Enterprises, one of the largest companies in the Maldives, has announced that two of its properties sold last month — Sheraton...

Villingili Resort & Spa Has Been Opened for Acquisition

Villingili Resort & Spa, previously ‘Shangri-La’s Villingili Resort and Spa’ – a luxury resort and one of the largest single-resort islands in...

Two Resorts with Universal Shares to be Sold!

Two resorts with Universal shares have been sold. K. Furanafushi and AA. Fesdhoo are two resorts owned by Universal...

SBI Announces Sale of Sh. Dholhiyadhoo and M. Gasveli Resort

State Bank of India (SBI) has announced the sale of Sh. Dholhiyadhoo and M. Dream Gasveli Resort. Dholhiyadhoo, operated...

JLLH & HG Announces the Sale of Five Vacant Islands of Crossroads Maldives

Singaporean real estate company JLL Hotels and Hospitality Group has been mandated for the collective or individual sale of five islands of...

Tourism Ministry Announces New Islands on Bid for Resort Development in Outer Atolls

The Ministry of Tourism has invited eligible investors, local or foreign, to submit their interest to develop tourist resorts in uninhabited islands...

HDC Announces Lease of Commercial Units from The Apollo Towers for Retail Stores

Housing Development Corporation (HDC) has opened Request for Proposal (RFP)s for the lease of 6 commercial units from The Apollo Towers (Lot...

5 Things You Need to Know About Commercial Real Estate

Owning a commercial real estate property might prove to be one of the most lucrative investments that you’ve ever made. This sector...

Corporate Maldives Launches Real Estate Segment, Targeting Commercial & Tourism Real Estate Opportunities

Corporate Maldives, in partnership with Cosmos Consulting Group, has launched a Real Estate segment, a specially curated platform showcasing the newest and...

Lh. Kanuhura Resort to Be Sold Off!

Kanuhura Resort, located in Lhaviyani atoll, has been put up for sale. The Ministry of Tourism yesterday announced that...

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Trade with India, China to Bolster Rufiyaa Against Dollar, Says Minister

Minister of Economic Development and Trade Mohamed Saeed, has disclosed a series of initiatives aimed at securing the value of the Maldivian...

Documentation Required for Individuals Carrying More Than USD 10k

Minister of Homeland Security and Technology Ali Ihusaan has revealed regulations mandating individuals carrying over USD 10,000 abroad to provide documentation on...

Transport Ministry to Restart Domain Tender Process

Minister of Transport and Civil Aviation Mohamed Ameen announced that the government plans to restart selling domains through a tender process, highlighting...

Development Bank of Maldives to Commence Services in July

The Economic Minister, Mohamed Saeed, announced yesterday that the Development Bank of Maldives will commence operations in July.

Aasandha Expenditure Rises By 4.8%, Hits MVR 838 Million

According to official records, in the first quarter of the fiscal year, Aasandha, the Maldives' state health insurance scheme, disbursed MVR 838...
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