- When was Hulhumalé project commenced?
- What is the estimated date of completing the project?
- What was the objective of the hulhumalé project?
- Who inaugurated the project?
- How much sand was required to reclaim the island and where was the sand taken from?
- Can I own land in Hulhumalé?
- What is the current population of Hulhumalé?
- What services are available in Hulhumalé?
- Is there a school bus service for the students in Hulhumalé?
- Are all road developments completed?
- Can we use the road connecting Hulhumalé to the airport?
- Do we have to pay any charges for using the link way road between Hulhumalé and Airport?
- How frequently do you have transportation between Hulhumalé and Malé?
- My question is not listed here, hence where can I get more information?
- Why should I choose to invest in Hulhumalé?
- If a tenant is interested in leasing a plot for his/her/company commercial use, what he/she/company should do?
- Can the tenant rent the leased land to a third party?
- Are the price/sqft same for individual businessman and companies?
- Can the tenant secure/book a particular land area before he/she/company submits the proposal?
- What are the investment opportunities currently open in Hulhumalé?
- What are the legal formalities for foreigners interested in investing Hulhumalé?
The Hulhumalé project was commenced on the 16th of October 1997- commencement of reclamation of land.
The target completion date for the development is the year 2020
The objective of the Hulhumalé project is to develop a major residential and commercial hub within a close proximity to Malé, addressing the urban congestion problems within the central region and at the same time providing the basic infrastructure for commercial and industrial development.
The project was inaugurated by former President Uz. Maumoon Abdul Gayyoom
Around 4,600,000m of sand was required, which was taken from the lagoon of Farukolhufushi
Under the Maldives Constitution, only locals can own land in the Maldives. However, foreigners are allowed leasehold arrangements for both land and property.
Population of Hulhumalé is approximately 12,000 (March 2010 est.)
All the essential services are available in Hulhumalé, including water, power, sewerage, banking, communication, shopping, recreations, etc…
Yes, regular bus service is provided for students by the MTCC.
All major roads plus internal roads in currently developed areas are completed.
Yes, you can use the road connecting Hulhumalé to the Airport through the public bus service system that is available.
Yes. The road can only be used through the public bus system and hence the bus fare need to be paid.
In Every 30 mins or sooner, transportation services are available between Hulhumalé and Malé. In ths future, it is hoped that this will be more frequent.
For all your queries just email to email@example.com or call (960) 3355182, (960) 3355103.
Hulhumalé proves to be an exceptional opportunity for you to establish yourself in the best location for your business to flourish and grow in the Maldives; strategically located in close proximity to the capital Malé in the central region and connected to the International Airport via causeway, the city has become a great asset to potential investors both foreign and local.
If a tenant is interested in leasing a plot for his/her/company commercial use, what he/she/company should do?
HDC usually announces for land plots that its leasing for various commercial, residential, mixed use and industrial projects. Interested investors have the opportunity to approach HDC through such processes.
If no such announcements are out, HDC encourages investors interested in Hulhumalé projects to contact the Company either via email or by telephone.
A Tenant can lease the land to a third party based on the terms of the agreement entered between the lessor (lender) and lessee (borrower).
Yes, price/sqft is same for individual businessman and for companies. The rental is usually decided based on the type of project; i.e. residential, commercial, industrial, social, etc
No, a tenant cannot secure/book a particular land before submission of the proposal/bid.
All the investment opportunities currently on offer is announced via all the official channels and can also be viewed from the website. For potential types of projects that can be undertaken in Hulhumalé, please refer to the Hulhumalé Land Use Plan available under the website.
Foreigners seeking to invest in Maldives should obtain an Investment Permit from Trade Ministry. If a foreigner succeeds in obtaining the permit, such a foreigner's investment is regulated by the permit and by Maldivian Foreign Investment Guidelines.
It is to be noted that no foreigners are allowed to purchase land under the Maldives Constitution. However, leasehold arrangements of up to 99 years are possible.