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...
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...
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...
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...
BOC Offers Leasehold Rights to Drift Thelu Veliga Retreat
The Bank of Ceylon (BOC) has announced it will sell the leasehold rights to the Drift Thelu Veliga Retreat, a five-star resort...
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...
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...
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...
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...
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...
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...
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...
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.
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.
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...
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...
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...
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...
Technical Glitches Prompt Cancellation of Vinares Apartment Applications
The Government of Maldives has announced the cancellation of all applications submitted for the purchase of Vinares apartments through the dedicated online...
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...
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...
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...
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Destination Future, a Maldivian NGO dedicated to sustainable development, has raised significant concerns about the government’s recent changes to the dollar exchange...
President Yameen Proposes Mandatory USD 500 Million Contribution from Foreign Banks
Former President Abdulla Yameen has proposed making it mandatory for foreign banks operating in Maldives to contribute USD 500 Million to the...
Ooredoo Maldives Achieves ISO Certification for Call Centre Operations
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President Ratifies Constitutional Amendments Addressing Governance and National Sovereignty
President Dr Mohamed Muizzu has ratified the Sixth Amendment to the Constitution of the Maldives, introducing several changes aimed at enhancing governance,...
