An estimated area of 130,000 m² of land has been allocated by the HDC for commercially driven investments. These investments are dedicated to the development of supermarkets, shopping malls, office complexes, institutional developments to small cafés, tea shops, convenience stores, and various other commercial outlets that would cater to the requirements of the population as well as generate income and employment opportunities within Hulhumale’. The majority of these properties are located in the Bay front zone at the waterfront promenade within walking distance of most of the residential apartments.
The majority of the estimated 130,000 m² is expected to be allocated within the next 5 years.
As with the industrial developments, the HDC is not directly involved with the developments of these commercial properties. Instead the company plays more of the roles of a facilitator, opening up the land for lease by the private sector and of a regulator, ensuring that development guidelines are adhered to. Investment opportunities in the commercial areas are open to both local and foreign investors.